The government is lifting an 18-month ban on renewable energy (RE) exports — a move to allow the country to tap the rising demand in Singapore and subsequently accelerate local RE generation capacity.
Singapore bank OCBC posts record Q1 profit, beats expectations
SINGAPORE: Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday (May 10) a better-than-expected 39 per cent jump in first-quarter profit from a year earlier on ...
Olam Agri’s Singapore-Saudi $1.3 billion dual listing may launch as early as June: Sources
The dual IPO in Singapore and Saudi Arabia would make Olam Agri the first company to list in both countries. Read more at straitstimes.com.
Nexus Select Trust REIT IPO:Issue subscribed 28% on Day 1; Non Institutional Investors steal the show; check details
The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share.
Singapore bank OCBC’s Q1 net profit jumps 39% to record $1.42 bln
Singapore's second biggest lender Oversea-Chinese Banking Corp (OCBC) on Wednesday reported a 39% jump in its first-quarter net profit from a year earlier on the back of strong net interest income ...
Constant companion: Our lives with mobile phones
We eat with them. We sleep with them. We carry them everywhere we go, and check them too many times a day to count. As the world celebrates the 50th birthday of the mobile phone, The Straits Times ...
No alarming rise in property-related foreclosures in Singapore; bankruptcy applications ticking up
Bankruptcy applications rose to 959 in the first quarter, higher than the 912 claims made on average in each quarter of 2022. Read more at straitstimes.com. ( read original story ...)
Chinese Exports Cool in Latest Warning Sign on Global Trade
The global slowdown means trade is unlikely to play such a pivotal role in driving China’s economy as it did during the first years of the pandemic.
Billions of Android owners warned of devastating bank-draining mistake after woman ‘loses $20,000 while she slept’
A WOMAN in Singapore has reportedly been swindled out of $20,000 after using a QR code that had been set up by cyber criminals. The woman, in her 60s, scanned a QR code she saw on a sticker in a ...
Singapore taps HSBC, Citi for rigid money laundering controls
Foreign and local banks in Singapore will be required to share information with one another on a digital platform that will make it easier to raise red flags on potential money laundering acts, as the ...
KKR, Macquarie Eyeing Singapore’s Waste Management Firm SembWaste – Sources
Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources. HSBC declined to comment. First-round of ...
Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC, and More
Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period ... ICBC (3.65% p.a.—$500 for 3 months) Citibank (4.00% p.a.—$250,000 for 3 months) HSBC (3.75% p.a.—$30,000 for ...
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023. Singapore has long set its sights on making the crown the world’s greenest city; and its ...
Singapore retail vacancy rates rise for the first time in almost a year
The retail vacancy rate hit 7.6% in Q1. According to a JLL report, URA’s statistics signalled that retailers and investors continue to err on the side of caution amid macroeconomic headwinds ...
Singapore: Jail for tycoon Peter Lim’s former son-in-law for offences linked to illegal gambling activities
Billionaire Peter Lim’s former son-in-law, Kho Bin Kai, will be spending time behind bars after he pleaded guilty to multiple offences including those involving a syndicate linked to illegal gambling ...
Online home rental scams in Singapore increased by over 400 per cent in 2022
Home rental scams perpetrated through online platforms increased by more than 400 per cent from 192 cases in 2021 to 979 cases in 2022, said Minister of State for Home Affairs Sun Xueling in Parliament on Tuesday (9 May).