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Month: April 2023

Posted on 12/04/2023

Singapore’s Q1 GDP likely slowed, complicating central bank’s task: Reuters poll

Singapore's economy is likely to have expanded at a slower pace in the first quarter, posing a challenge for the central bank as it seeks to balance containing persistent inflation with efforts to shore up weakening growth.

Posted on 12/04/2023

The World Admires Singapore’s Benevolent Autocracy. Should It?

Consider that in 1960, Singapore and Jamaica had roughly the same G.D.P. per capita — about $425, according to World Bank data. By 2021, Singapore’s G.D.P. had risen to $72,794, while Jamaica’s was just $5,

Posted on 12/04/2023

One Singapore: Man challenges Chinese friends to learn and sing Hari Raya songs in 10 minutes

With the fasting month of Ramadan entering its final week, preparations for Hari Raya Aidilfitri are just about to start.Whether it be housekeeping or baking kuehs, there's nothing like Hari Raya tunes to keep you

Posted on 12/04/2023

StanChart’s venture arm invests in Singapore-based fintech solution provider BetterTradeOff

Standard Chartered’s fintech, investment and ventures arm SC Ventures has invested in BetterTradeOff (BTO), a Singapore-headquartered fintech solution-as-a-service provider. The financial terms of the deal were not disclosed.

Posted on 12/04/2023

Hin Leong Trading founder O.K. Lim on trial accused of cheating HSBC out of $148m

SINGAPORE- The 81-year-old founder of collapsed oil trading firm Hin Leong Trading Pte Ltd went on trial in Singapore on Tuesday (April 11) accused of forgery and cheating HSBC out of $111.7 million ...

Posted on 12/04/2023

Another tightening or status quo? What to expect from MAS’ April MPC meeting

Some experts predict a further increase in the slope to 2.0%. Experts are divided on what to expect from the Monetary Policy Committee (MPC) meeting of the central bank in April. Barnabas Gan, senior ...

Posted on 12/04/2023

Singapore GreenTech Challenge 2023 powered by Microsoft, IMDA and SGTech to accelerate nationwide innovation for a resilient and sustainable future.

Microsoft, together with Singapore's Infocomm Media Development Authority (IMDA) and SGTech, have announced the launch of the Singapore GreenTech Challenge 2023. This nationwide challenge aims to ...

Posted on 12/04/2023

Singapore’s life insurance industry to be worth S$100.4b in 2027

Demand for whole life insurance has risen due to a pandemic-induced awareness. Singapore’s life insurance industry will grow to $77b (S$100.4b) in 2027 in terms of gross written premiums (GWP), ...

Posted on 12/04/2023

Newlyweds Lee Seung Gi and Lee Da In spotted in Singapore (Photos)

Popular South Korean actor-singer Lee Seung Gi and actress Lee Da In were spotted in Singapore recently days after getting married.

Posted on 12/04/2023

Rising COVID-19 cases in Singapore driven by XBB subvariants; MOH says infection waves expected ‘from time to time’

Recent weekly official figures showed the highest surge so far this year, with cases climbing since the beginning of last month.

Posted on 12/04/2023

Singapore teen arrested after caught humping cat in Bukit Panjang

The teen caught doing an obscene act in a viral surveillance footage that scarred the internet has been arrested.

Posted on 12/04/2023

Digital wallets on track to be Singapore’s top online payment method by 2026

BNPL is set to surpass US$1b in transaction value by 2026. Digital wallets are set to overtake credit cards as Singapore’s leading online payment method by 2026, according to a study by payments ...

Posted on 12/04/2023

Cards are king when it comes to making payment in Singapore: Report

In 2022, credit cards were used in 42 per cent of e-commerce transactions, although digital wallets came in a close second at 32 per cent. Read more at straitstimes.com.

Posted on 12/04/2023

‘No India, only Malay’: Why a Singapore supermarket denied a Muslim couple complimentary Ramzan snacks

Jahabar Shalih and his wife Farah Nadya said a male employee at the leading supermarket in Singapore ‘shooed’ them away from tasting its complimentary snacks provided during Ramzan by saying that thos ...

Posted on 12/04/2023

Rich Chinese have yet to invest big in city-state

When ultra-wealthy Chinese entrepreneurs started moving to Singapore en masse in 2019, investment firms were salivating at the chance to manage billions in new money. So far, it hasn’t quite happened.

Posted on 12/04/2023

Stock Market Today Live Updates: SGX Nifty signals a muted start; Asian shares trade mixed

Tokyo shares opened higher Wednesday following gains on Wall Street, while investors awaited the release of US inflation data later in the day.The benchmark Nikkei 225 index rose 0.23 percent, or 64.86 points, to 27,988.23 in early trade, while the broader Topix index added 0.61 percent, or 13.52 points, to 2,005.37.

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