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Month: May 2023

Posted on 02/05/2023

US lawmakers push SEC to order audit of Shein ahead of planned IPO, over Uygur forced labour fears

A group of US representatives is asking the Securities and Exchange Commission (SEC) to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use ...

Posted on 02/05/2023

Singapore’s banking trio ‘outperforming pretty well,’ SGX strategist says

Geoff Howie, markets strategist at the Singapore Exchange, says "the grip that macro trends are having on … important sectors is dissipating somewhat." ...

Posted on 02/05/2023

Singapore ‘cannot afford to outbid the big boys’ to attract investments, says DPM Wong | Video

As major economies mobilise large sums of money to build up their own strategic industries, Singapore “cannot afford to outbid the big boys” to attract investments from multinational corporations, ...

Posted on 02/05/2023

Steady Start Called For Singapore Shares

Ahead of Monday's Labor Day holiday, the Singapore stock market had finished lower in four straight sessions, slumping more than 50 ...

Posted on 02/05/2023

Stock Market Live: Sensex, Nifty 50 to open with minor cuts as indices resume trading after long weekend

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are likely to open with minor cuts on the first trading day of the truncated week. Singapore Exchange Nifty futures, an early indicator of the ...

Posted on 02/05/2023

Rising from the Crypto Winter: Play It Forward Transforms into PIF Nation

Play It Forward (PIF), the leading SEA gaming platform, has announced its transformation into PIF Nation, marking its commitment to empowering gamers globally through fresh opportunities, resources, ...

Posted on 02/05/2023

Singapore’s DBS Bank posts record first-quarter profit, beating estimates

Singapore banks have benefited from a strong inflow of deposits amid global uncertainty due to their status as a financial safe haven.

Posted on 02/05/2023

Maiden ASEAN-India Maritime exercise starts in Singapore! Ten countries to participate

The week-long drills (May 2-8, 2023) aimed at “enhancing interoperability and exchange of best practices among participating navies" is expected to be inaugurated by Indian Chief of Naval Staff Admiral R Hari Kumar.

Posted on 02/05/2023

Singapore Deputy PM allays property price fears

SINGAPORE: Prime Minister-in-waiting Lawrence Wong used a May Day rally to address concerns over a red-hot property market fuelling economic inequality, saying citizens will always have affordable homes.

Posted on 02/05/2023

US lawmakers ask SEC to halt Shein IPO over Uyghur concerns: report

US lawmakers have reportedly asked the US Securities and Exchange Commission to halt Shien's proposed initial public offering until it is able to prove it doesn't use Uyghur forced labor to ...

Posted on 02/05/2023

Singapore bank DBS Q1 profit jumps 43% to new high, beats estimates

SINGAPORE, May 2 (Reuters ... Yantoultra graduated with an MBA in Finance from Universiti Putra Malaysia in 2010. A U.S. judge in California on Monday declared a mistrial in Masimo Corp's potential ...

Posted on 02/05/2023

Singapore’s DBS bank posts record Q1 profit, beating estimates

SINGAPORE (Reuters) -Singapore's biggest bank DBS Group reported record first-quarter profit on Tuesday, rising a stronger-than-expected 43% from a year earlier on a higher net interest margin, ...

Posted on 02/05/2023

Home can be our best safe haven when it comes to investing in bonds

A good mix of Singdollar and US dollar bonds could be beneficial to an investor’s portfolio. Read more at straitstimes.com.

Posted on 02/05/2023

Singapore bank DBS reports Q1 profit jumps 43% to new high

Singapore's biggest bank, DBS Group, reported a 43% jump in quarterly profit on Tuesday to a record high, citing higher net interest margin, sustained business momentum and resilient asset quality.

Posted on 02/05/2023

CLAS remains analysts’ top pick within Singapore hospitality sector after 1Q business update

Analysts from PhillipCapital and CGS-CIMB Research have kept their "add" and "buy" calls with unchanged TPs of $1.26 and $1.27.

Posted on 02/05/2023

Australia should be regional tech leader: Singapore

Australia should lead Southeast Asia in pushing for green, bio and digital technology uptake as the international environment becomes increasingly multipolar, according to Singaporean Foreign Minister ...

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