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Month: May 2023

Posted on 25/05/2023

Singapore Sees Travel Boom Shielding Economy From Recession

(Bloomberg) -- Singapore is confident that a rebound in travel that’s boosting the services sector will help the island’s economy avoid a recession this year despite a darkening global outlook. Most ...

Posted on 25/05/2023

Singapore’s Economy Slowed in First Quarter

Singapore’s economy grew at a slower pace in the first quarter of 2023, owing to faster contraction in goods-producing industries and slower growth in services-producing industries.

Posted on 25/05/2023

SingTel’s annual net profit jumps on mobile growth, 5G adoption

(Reuters) -Singapore Telecommunications on Thursday posted a 14% jump in full-year net profit, as its core businesses benefited from a recovery in international travel and roaming as well as rising 5G ...

Posted on 25/05/2023

Singtel full-year profit up 14% on mobile growth, 5G adoption

SINGAPORE - Singapore Telecommunications on Thursday posted a 14 per cent jump in full-year net profit, as its core businesses benefited from a recovery in international travel and roaming as well as ...

Posted on 25/05/2023

Singapore Telecommunications FY23 Net S$2.23B Vs. Net S$1.95B >Z74.SG

By P.R. Venkat Singapore Telecommunications' net profit rose 14.2% for the fiscal year ended March, mainly supported by growth in its mobile business ...

Posted on 25/05/2023

Singapore’s GDP Grew 0.4% Y/y, Beating Advanced Estimates

SINGAPORE (Reuters) - Singapore's economy grew 0.4% on a ... "Apart from the expected slowdown in the advanced economies, the electronics downcycle is likely to be deeper and more prolonged than ...

Posted on 25/05/2023

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

Non-oil domestic exports are now expected to shrink by 8 per cent to 10 per cent for 2023, and total merchandise trade to decline by 6 per cent to 8 per cent. Read more at straitstimes.com.

Posted on 25/05/2023

Marcum Asia To Expand In Hong Kong As U.S.-China Tech War Shifts IPOs

Marcum Asia CPAs LLP, a joint venture between Marcum LLP and Bernstein & Pinchuk, plans to hire up to 25 people before the end of 2023, Co-Chairman Drew Bernstein said in an interview on Tuesday.

Posted on 25/05/2023

The US-Asean corridor: Opportunities aplenty as the bloc moves ahead

DURING a recent visit to the Asean region to meet with clients and colleagues, I was again reminded of the bloc’s rapid evolution and incredible potential, which is nothing short of impressive. Read ...

Posted on 25/05/2023

How Is Cryptocurrency Taxation Managed Effectively in Singapore?

Positioned as a global leader in the financial sector, Singapore has demonstrated an encouraging approach towards cryptocurrencies, solidifying its status as a crypto-friendly nation. The significance ...

Posted on 25/05/2023

Singapore PM orders probe into ministers’ “pricey” homes

The matter has prompted comment in the wealthy city-state, which has long prided itself on a government free from corruption, with the annual salaries of many cabinet ministers exceeding S$1 million ... ( read original story ...)

Posted on 25/05/2023

Singapore’s property insurance to earn S$1.1b in 2023

On a year-on-year basis, its gross written premiums would grow by 7.6%. The gross written premiums of property insurers in Singapore are forecast to climb 7.6% to S$1.1b, according to a report by ... ( read original story ...)

Posted on 24/05/2023

Singapore to invest S$3 billion on infocomms tech | Video

Singapore's public sector will spend about S$3.3 billion (US$2.4 billion) on infocommunications technology. A third will go into improving the user experience on government websites and securely ...

Posted on 24/05/2023

Olam Agri prepares for IPO with food security tailwind

If Olam Agri’s planned dual-listing IPO goes ahead in June it will have a bit of everything: a Singapore-Saudi listing, geopolitics and sovereign funds jostling to defend their nations against strain ...

Posted on 24/05/2023

Unlocking the Home Loan Hack: A Comprehensive Guide for Singapore Mortgage Seekers

Is there a way to discover the ultimate "home loan hack" to make your dream of owning a home in Singapore become a reality? The post Unlocking the Home Loan Hack: A Comprehensive Guide for Singapore ... ( read original story ...)

Posted on 24/05/2023

Singapore’s OCBC Bank, ADDX exchange launches tokenized structure notes

OCBC Bank will offer tokenized equity-linked structured notes to accredited investors, in a partnership with private market exchange ADDX.

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