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Month: May 2023

Posted on 08/05/2023

Singapore stocks end lower on Monday, STI down 0.3%

SINGAPORE - Singapore stocks ended lower on Monday, with the Straits Times Index (STI) losing 0.3 per cent or 8.97 points to 3,257.66. Read more at straitstimes.com.

Posted on 08/05/2023

BEAM Space Wins Valet Storage of the Year and the Technology and Innovation Award for Singapore at the Self-Storage Association Awards Asia 2023

Beam Storage Pte Ltd, a valet storage company currently operational in both Singapore and Kuala Lumpur, Malaysia, announced April 12, 2023 that its BEAM Space brand ...

Posted on 08/05/2023

Najib’s trial: Ex-banker says 1MDB’s US$2.3b ‘investment’ had zero economic benefits, only to prevent fraud detection

Swampillai agreed that this US$2.318 billion purported investment had absolutely “no benefit” to 1MDB, and agreed with the benefit of hindsight that it was to carry out further fraud by evading ...

Posted on 08/05/2023

Singapore Eyes Sweeping Powers to Police Online Content, Apps

Singapore’s government is taking the first steps toward codifying a new internet safety law that would grant it wide-ranging powers over content, access and communication online.

Posted on 08/05/2023

Standard Chartered expands partnership with Tazapay

In a bid to provide curated financial services on B2B platforms, Standard Chartered and Tazapay have teamed up. Source: Supplied. Tazapay's Rahul Shinghal, Arul Kumaravel, and Saroj Mishra. The global ...

Posted on 08/05/2023

Ex-Aetos officer who robbed Jurong moneylender has jail term reduced to 14 years on appeal

SINGAPORE - A former Aetos auxiliary police officer who had been sentenced to 16½ years’ jail and 18 strokes of the cane for robbing a licensed moneylender in Jurong while armed with a loaded gun had ...

Posted on 08/05/2023

Only 9 of 120 suspected money mules in OCBC phishing scam could be charged; 790 victims lost $13.7m

There were about 790 victims who lost a total of $13.7 million in the scam from December 2021 to January 2022. Read more at straitstimes.com.

Posted on 08/05/2023

Researcher cited in local media on rich foreigners becoming Singapore citizens clarifies he was misquoted

The researcher who was quoted in a media article as saying that 3,500 high-net-worth individuals were expected to become Singapore citizens in 2023 claimed he was misquoted.Law and Home Affairs ...

Posted on 08/05/2023

Indian-origin man hanged: Did Singapore get it wrong?

Tangaraju Suppiah was executed for abetting the trafficking of cannabis despite pleas for clemency from his family and claims that he was convicted on weak evidence ...

Posted on 08/05/2023

Wuxi teams up with Singapore on sci-tech city

The Wuxi Singapore Sci-Tech Innovation City, one of the key projects signed at a meeting on Friday, represents a milestone in Wuxi' cooperation with the island country. The planned city, with an area ...

Posted on 08/05/2023

After opening borders, China presses Singapore for visa-free travel deal

China is hammering out details with Singapore on a bilateral visa-free travel arrangement, according to Beijing's embassy, a move that could boost arrivals in the city-state from what was its biggest ...

Posted on 08/05/2023

In Singapore, priced-out young singles rail at the PAP over property policies: ‘they’re so unaware’

Some 2 in 3 Singaporeans in their 20s report having to contend with the city state’s red-hot rental market due to insufficient savings. Most are ineligible for public flats until they hit 35 – unless ... ( read original story ...)

Posted on 08/05/2023

SGX: Is OCBC Share a Buy Before Earnings?

Overseas-Chinese Banking Corporation Limited, or OCBC Bank (SG:O39), is among the oldest financial institutions in Singapore. OCBC Bank has ...

Posted on 08/05/2023

Ex-Citigroup Banking Research Veteran Kong Joins Singapore’s UOB

Former Citigroup Inc. analyst Robert Kong, who covered Asia lenders, has joined United Overseas Bank Ltd., according to people familiar with the matter.

Posted on 08/05/2023

Singapore COE quota for Category A and B cars to increase over the next few quarters

COE quotas for Category A and B vehicles will see an increase in Singapore over the next few quarters. How is this done? Find out.

Posted on 08/05/2023

Singapore may vote on soaring rent as locals feel real estate price pinch

Singapore's Finance Minister Lawrence Wong said, in Singapore, the prime minister has to be a real estate agent while acknowledging that prices have soared ...

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