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Month: April 2023

Posted on 25/04/2023

Tremors felt in Singapore, Malaysia after magnitude-7.3 quake near Indonesia’s Sumatra

A magnitude-7.3 earthquake that struck west of Sumatra in Indonesia early on Tuesday morning was also felt in neighbouring Singapore and Malaysia. The quake hit at around 3am local time (4am Singapore time) at a depth of 84km,

Posted on 25/04/2023

GXS digital bank launches flexible loans that let customers borrow as little as $200

GXS Bank, the digital lender backed by Grab and Singtel, is now offering personal loans as low as $200 to cater to what it sees are underserved segments of the population. The loan tenure or duration ...

Posted on 25/04/2023

Singapore: Inflation lost momentum in March – UOB

Senior Economist at UOB Group Alvin Liew reviews the latest inflation figures in Singapore.

Posted on 25/04/2023

MAS Directs DBS to Assess Staff and Tech Supporting Its Digital Banking Services

MAS has directed DBS to conduct an assessment of the staff, processes, and technology supporting its digital banking services.

Posted on 25/04/2023

Singapore Strength And Macau Rebound Drive Las Vegas Sands Q1. What’s Next For The Stock?

While adjusted earnings stood at $0.28 per share, compared to a loss a year ago, revenues came in at $2.12 billion, marking a 124% jump from last year.

Posted on 25/04/2023

‘Highly misleading’ to project 3,500 high-net-worth individuals becoming Singapore citizens: MHA

SINGAPORE: A widely reported projection of 3,500 high-net-worth individuals being granted Singapore citizenship in 2023 is "highly misleading, with no credible basis", said the Ministry of Home ...

Posted on 25/04/2023

Taliban-style: Singapore to execute Indian man for just helping smuggler conceal little over 1kg ganja

Tamil was the only one to get death penalty among all accused persons. He was reportedly denied interpreter even after asserting his English is not that good and he does not understand most of what po ...

Posted on 25/04/2023

Tangaraju Suppiah: Singapore to execute man over cannabis charge

Activists say Tangaraju Suppiah was convicted on weak evidence. Authorities say he received due process, and have scheduled his execution for Wednesday. It follows a high-profile execution last year ...

Posted on 25/04/2023

Shanghai, Singapore Ink Record 15 Agreements as Bilateral Trade Grows

Local companies deepened ties with their Shanghai counterparts on Monday, with the signing of a slew of agreements across a broad swathe of sectors as bilateral trade rose. According to official data, ...

Posted on 25/04/2023

Former assistant finance manager jailed for embezzling S$5.1 million from company

SINGAPORE: A former assistant finance manager of an IT equipment company was sentenced to 10 years' jail on Tuesday (Apr 25) for embezzling S$5.1 million (US$3.8 million) from his firm. Singaporean Ho ...

Posted on 25/04/2023

Ex-assistant finance manager who stole more than $5m from then employer gets 10 years’ jail

A former assistant finance manager who misappropriated with more than $5 million from his then employer was sentenced to 10 years’ jail on Tuesday. Read more at straitstimes.com.

Posted on 25/04/2023

GXS digital bank launches flexible loans that lets customers borrow as little as $200

GXS Bank, the digital lender backed by Grab and Singtel, is now offering personal loans as low as $200 to cater to what it sees are underserved segments of the population. The loan tenure or duration ...

Posted on 25/04/2023

Richard Branson calls Singapore out again on “draconian” death penalty laws as execution of Tangaraju Suppiah looms

British entrepreneur and founder of the Virgin Group Richard Branson has once again spoken up against an upcoming death penalty sentence that is due to be carried out this week in Singapore.

Posted on 25/04/2023

Spyware vendor QuaDream reportedly shuts down; Israeli firm alleged to have clients in Singapore

MHA says it does not provide details of how security agencies carry out their work. Read more at straitstimes.com.

Posted on 25/04/2023

Singapore’s Cosmose AI raises funds; valuation jumps to $500m

Although Cosmose AI did not disclose details, its valuation hit $500 million after Near's investment -- $400 million more than after a $15 million Series A round in September 2020.

Posted on 25/04/2023

Mankind Pharma IPO opens today: Check GMP, price band, other details here

Mankind Pharma IPO listing date: The IPO will likely list on NSE and BSE on May 8. Mankind Pharma IPO lot size: One lot of the IPO will have 13 shares, and an investor is allowed to bid for at least ...

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