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Month: May 2023

Posted on 02/05/2023

22 bus services affected by road closures on May 7 for OCBC Cycle 2023

SINGAPORE - A total of 22 bus services will be affected by road closures for the OCBC Cycle 2023 event on May 7. This will last from the start of bus operations to 11am, said SBS Transit in a ...

Posted on 02/05/2023

Over 1 million DBS PayLah! cashback rewards redeemed in less than 3 months

Over a million PayLah! hawker meal subsidies have been redeemed in less than three months since DBS and POSB launched the "5 Million Hawker Meals" scheme on 10 February. The scheme, which aims to ...

Posted on 02/05/2023

Reports of US$10 million investment into crypto company Array is ‘fake news’: Temasek

SINGAPORE: Singapore state investor Temasek on Tuesday (May 2) rejected recent reports it made a US$10 million (S$13 million) investment into algorithmic currency system Array.  Temasek released a ...

Posted on 02/05/2023

Seafarers in Singapore see the need for tech training

Digitalisation and decarbonisation could present opportunities to attract a younger generation of sea-going professionals: study ...

Posted on 02/05/2023

How Singapore’s first government chief sustainability officer is driving the country’s net zero goals

He has reached out to many agencies to better understand what they do and some of the issues that they are facing, Mr Lim Tuang Liang told reporters.

Posted on 02/05/2023

RWDC Industries, Lummus Technology sign MoU accelerating PHA production at scale

Combined innovation, experience and strengths of Lummus and RWDC offers real solutions for the circular economy.

Posted on 02/05/2023

‘Fake news’: Temasek Holdings refutes reports of S$13.4m investment in cryptocurrency firm Array

SINGAPORE — State investment firm Temasek Holdings has refuted a claim that it made an investment of US$10 million (S$13.4 million) in cryptocurrency company Array, calling it "fake news".

Posted on 02/05/2023

Singapore’s DBS posts record Q1 profit, expects margins to decline as rates peak

Singapore's largest bank, DBS Group, has announced a quarterly net profit of S$2.57bn ($1.9bn) for Q1 2016, up 43% on the same quarter a year ago. The bank cites inflows of safe haven deposits amid ...

Posted on 02/05/2023

Citing diversified portfolio, OCBC and DBS maintain positive call on Mapletree Industrial Trust

Analysts from both OCBC Investment Research and DBS Group Holdings have kept their "buy" calls on Mapletree Industrial Trust, following 4QFY2023 numbers that met their expectations and proving that ...

Posted on 02/05/2023

UOB remains RHB’s top Singapore bank pick following 1QFY2023 earnings

RHB Bank Singapore has kept United Overseas Bank as its top pick among the three Singapore banks, following its 1QFY2023 earnings that grew by xx% y-o-y to hit a record $1.51 billion.

Posted on 02/05/2023

Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers

With limited upside from these levels, CEO Piyush Gupta said he expects the pace of decline will be very gradual and not "falling off a cliff."

Posted on 02/05/2023

Singapore’s only public performing arts library to shut doors on 30 June

The only public library dedicated to the performing arts, library@esplanade, is set to close its doors on 30 June.

Posted on 02/05/2023

Singapore Tourism Suffers From Bus Driver Shortage

Local travel agencies in Singapore are saying that their tourism sector is suffering from a shortage of tour bus drivers, despite

Posted on 02/05/2023

Singapore court adjourns case related to Malaysian actor Kamal Adli’s attacker to May 30

Singapore Court has granted another four-week adjournment for an investigation officer to complete the investigation related to a man who allegedly

Posted on 02/05/2023

Analysts mixed on CDL Hospitality Trusts despite ‘stellar performance’ in core Singapore market for 1QFY2023

However, Citi Research’s Brandon Lee has reiterated his “sell” rating on CDLHT with an unchanged target price of $1.15, citing Far East Hospitality Trust (FEHT) as a “better proxy”, given its 100% ...

Posted on 02/05/2023

Singapore’s ABSD rate hike: The winners and the losers

Singapore increased the ABSD for all residential statuses by 3% to 30%. Real estate experts are calling the recent Additional Buyer Stamp Duties (ABSD) rate hike "punitive," having more negative than ...

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