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Month: April 2023

Posted on 15/04/2023

MAS has not asked banks to ‘keep quiet’ about origins of wealth inflows into Singapore: Private banking group

has not instructed banks to "keep quiet" about the origins of wealth inflows into Singapore, the Private Banking Industry Group (PBIG) said on Friday (April 14). The industry group's statement was ...

Posted on 15/04/2023

Citigroup profit beats estimates on higher interest income from loans

A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar ...

Posted on 15/04/2023

Singapore misses GDP expectations in Q1, economy shrinks 0.7%

Singapore’s gross domestic product declined 0.7% on a quarter-over-quarter seasonally adjusted basis in the first quarter, the Ministry of Trade and Industry said in Friday’s preliminary reading.That ...

Posted on 14/04/2023

Citigroup beats estimates on higher income from loans

FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York ... and the biggest U.S.... SINGAPORE (Reuters) - A private banking industry group in Singapore on Friday denied a ...

Posted on 14/04/2023

Banking group rejects FT article saying MAS asked banks to keep mum on source of wealth inflows

An organisation representing private banks here has hit out at claims in the Financial Times newspaper that the Monetary Authority of Singapore (MAS) had asked financial institutions to keep quiet ...

Posted on 14/04/2023

Crypto Exchange Bitrue Drained of $23M in Hack of Ether, Shiba Inu, Other Tokens

Hackers drained $23 million from a wallet belonging to Singapore-based crypto exchange Bitrue earlier today, it said in a tweet. Bitrue did not specify how the attack took place.

Posted on 14/04/2023

Singapore Stops Tightening Amid Faltering Growth

Singapore's central bank defied expectations that it would tighten monetary policy for a sixth time since October 2021, announcing on Fr ...

Posted on 14/04/2023

Ministries outline plans for more inclusive Singapore, sustainable finances and access to justice

SINGAPORE - Through the Forward Singapore exercise, Singaporeans have come up with ideas to make society more inclusive and promote a culture of giving back, and the Ministry of Culture, Community and ...

Posted on 14/04/2023

Singapore Bank Group Denies MAS Muzzled Talk on Wealth Inflows

Singapore’s Private Banking Industry Group, which includes the city-state’s central bank and large lenders, rejected a report that it sought to silence discussions about the origin of wealth inflows ...

Posted on 14/04/2023

Singapore bunker sales rebound in March; vessel calls hit more than two-year highs

Sales of marine fuel, also known as bunker fuel, recovered at top refuelling hub Singapore in March as vessel calls for bunkering reached more than two-year highs, official data showed Friday.

Posted on 14/04/2023

Tesla is discounting its cars in Singapore by $3,000 to $3,800 to make them ‘more affordable’ — but they still cost upwards of $57,000

Singapore is the most expensive country in the world to own a car, with vehicle licenses costing more than a Tesla car.

Posted on 14/04/2023

Singapore’s largest F&B container park set to open near Changi Airport this year

A new F&B container park – and the largest one in Singapore – will open in the third quarter of the year at 30 Cosford Road, near Changi Airport.

Posted on 14/04/2023

Singapore stocks gain on central bank cheer; STI up 0.3%

The Monetary Authority of Singapore’s decision to leave its policy settings on the Singdollar unchanged for the first time in 18 months spurred local investors to push the market higher on Friday.

Posted on 14/04/2023

Singapore’s crypto lender Amber mulls potential sale of subsidiary in Japan

Crypto lender Amber Group is weighing options for its Japan unit, including a possible sale, and plans to apply for a Hong Kong licence following the city’s pivot towards creating a digital-asset hub.

Posted on 14/04/2023

Singapore still leads the way as the world’s best place to do business

Singapore has retained its position as the world’s leading business environment for the 15th consecutive year and should remain the best place to operate for the next five years, according to a ...

Posted on 14/04/2023

Alert! 4 Singapore REITs with Distribution Yields of 7% and Above

Here are four Singapore REITs with distribution yields of 7% or more ... Also, close to 88% of its borrowings are on fixed rates, thus mitigating a surge in finance costs. CapitaLand India Trust, or ...

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