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Month: May 2023

Posted on 26/05/2023

Crypto firms here considering leaving because of ‘robust regulations’

As Singapore imposes more stringent regulatory requirements on those offering crypto services, there are concerns that players no longer feel they should operate within the city-state. Only 11 players ...

Posted on 26/05/2023

This Singaporean couple runs a side business preserving dead animals — and it’s bringing in 5 figures a month

"Serving animals, whether alive or the dead, is very meaningful to me ... Through taxidermy, I help [pet owners] with their grieving," said Vivian Tham.

Posted on 26/05/2023

Singapore stocks open higher on Friday; STI up 0.1%

SINGAPORE shares opened higher on Friday (May 26) following strong overnight gains on Wall Street.  Read more at The Business Times.

Posted on 26/05/2023

Singapore faces ‘high risk’ of technical recession amid external uncertainties, say economists

Weaker exports amid lacklustre external demand and a limited boost from China’s reopening are among the uncertainties ahead for Singapore's economy, according to private-sector economists.

Posted on 26/05/2023

Navigating the intersection of sustainability and technology in Singapore

Exploring the economic incentives for sustainability via technology solutions like HCI, aimed at energy and carbon footprint reduction ...

Posted on 26/05/2023

Singapore’s Keppel signs deals to ramp up green hydrogen, ammonia output

REUTERS/Edgar Su May 26 (Reuters) - Singapore's Keppel Corp (KPLM.SI ... out on appeal A U.S. appeals court on Thursday vacated a $570 million award Cognizant Technology Solutions Corp had won against ...

Posted on 26/05/2023

Daily Markets Briefing: STI down 0.19%; UOB is top stock

Genting Singapore (1.00%), and Emperador Inc (0.98%) are leading the index. The lowest stocks are DFI Retail Group with 3.04% down and CapitaLand Ascendas Reit with 2.54% down.

Posted on 26/05/2023

‘Thousands’ Quit US Over Crypto Negativity: Blockchain Chief

Thousands of cryptocurrency industry developers have left the United States because of its negative stance towards the sector, the head of one of the pioneer exchanges told an international forum ...

Posted on 26/05/2023

HSBC Mulls Exit From 12 Countries to Focus on Asia Business

In sync with its efforts to further boost its presence across Asia, HSBC Holdings HSBC is weighing exit from at least 12 countries. In an interview with Reuters, the company’s newly appointed chief ...

Posted on 26/05/2023

Singapore Imports Rare Fuel Oil Cargo from Djibouti – Data

Singapore, Asia's oil hub, received a rare fuel oil cargo from Djibouti in the past week, Enterprise Singapore data showed on ...

Posted on 25/05/2023

Singapore downgrades trade forecasts with ‘worse-than-expected’ first quarter

SINGAPORE: Singapore downgraded its 2023 trade forecasts on Thursday (May 25) due to "worse-than-expected" performance in the first quarter of the year. Besides the first quarter showing, the forecast ...

Posted on 25/05/2023

Singapore upbeat travel boom can cushion economy from recession despite global slowdown woes

Singapore’s economy relies heavily on trade and is vulnerable to shocks resulting from disruptions in commerce, especially involving China, the city state’s No 1 trading partner. In a separate ...

Posted on 25/05/2023

Why it’s important to build resilience in your investments in a volatile world

This advertisement has not been reviewed by the Monetary Authority of Singapore. The relevant offering documents of unit trusts may be obtained from Digiwealth or from any DBS/ POSB branch. You should ...

Posted on 25/05/2023

Singapore stocks decline amid mixed regional showing; STI down 0.2%

THE Straits Times Index (STI) fell 0.2 per cent or 6.49 points to 3,207.72 on Thursday (May 25) as markets in the region put up a mixed showing. Read more at The Business Times.

Posted on 25/05/2023

IRS to Send Cyber Attachés Abroad to Fight Crypto Crime

The Internal Revenue Service (IRS) is launching a four-month pilot program this June to fight global cyber-crime using crypto, particularly for tax evasion ...

Posted on 25/05/2023

Singapore cuts 2023 trade forecasts after Q1 exports slump worse than expected

SINGAPORE (The Straits Times/Asia News Network): Singapore cut its 2023 growth forecasts for key non-oil domestic exports (Nodx) and total merchandise trade, which includes oil, amid a sharp downturn ...

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