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Month: May 2023

Posted on 29/05/2023

Trust Bank attracts more than S$1 billion in deposits, aims for breakeven by 2025

Trust Bank is also aiming to become Singapore’s fourth largest retail bank in terms of customer numbers by the end of next year.

Posted on 29/05/2023

Saudi diesel imports from Russia, exports to Singapore hit records

Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can ...

Posted on 29/05/2023

Boon for Singapore as Indonesia scraps ban on sea sand exports

Indonesia has lifted a 20-year-old ban on sea sand exports, a copy of a government regulation showed, a measure that could help land expansion projects in neighbour Singapore, but with concern among ...

Posted on 29/05/2023

Can Singapore’s New Crop of Digital Banks Achieve Success?

While small geographically, Singapore has been big on transforming its banking sector. Unsurprisingly, the city-state was among the first to license digital-only banks. The first four were approved ...

Posted on 29/05/2023

115 travellers caught at Changi Airport for failing to declare S$18,500 worth of taxable goods brought into Singapore

The authories have caught 115 travellers at Changi Airport for failing to declare and pay duties on cigarettes, liquor, luxury bags and watches, among other items, imposing close to S$28,000 in penalties.

Posted on 29/05/2023

Fixed asset investment commitments Singapore 2021, by industry

Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal ...

Posted on 29/05/2023

Business expenditure investment commitments Singapore 2021, by industry

Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal ...

Posted on 29/05/2023

Singapore’s Temasek cuts staff compensation after failed FTX investment

Singapore's Temasek Holdings said it cut compensation for the team that recommended investing in the now-bankrupt FTX cryptocurrency exchange and for senior management, as they take "collective ...

Posted on 29/05/2023

CNA Explains: Why did the Singapore dollar hit an all-time high against the Malaysian ringgit?

Last Wednesday (May 24), the Singapore dollar broke its record against the Malaysian ringgit as it touched 3.4102 according to Bloomberg data. The value is up 6.16 per cent from about 3.20 a year ago, ...

Posted on 29/05/2023

UOB and Keppel join forces to provide solutions supporting businesses in their sustainability and digitalisation journeys

UOB and Keppel today announced the signing of Memorandums of Understanding (MOU) to jointly develop and provide businesses across the region with a comprehensive suite of sustainability and ...

Posted on 29/05/2023

Singapore Producer Prices Decline 4.6%

Singapore's producer prices decreased for the third straight month in April, largely due to a slump in the oil index, data from the ...

Posted on 29/05/2023

Singapore President Halimah Yacob will not be standing for re-election

Singapore President Halimah Yacob has decided not to stand for re-election after her six-year tenure ends this year.

Posted on 29/05/2023

Singapore Air, Garuda to Deepen Ties and Grow Regional Routes

Singapore Airlines Ltd. and PT Garuda Indonesia are seeking to deepen ties with a commercial pact to coordinate on fares and flight schedules, the carriers announced Monday.

Posted on 29/05/2023

All Singapore national servicemen to get up to $200 increase in NS allowance

MINDEF and MHA announced an increase of $125 to $200 in allowance for all national servicemen from 1 July. The last adjustment was in March 2020.

Posted on 29/05/2023

Billionaire Brothers’ Far East Sees Robust Sales At Singapore Housing Project Despite Property Curbs

Far East Organization and its sister company Sino Group—both controlled by billionaire brothers Robert and Philip Ng—sold 82% of the apartment units marketed for sale over the weekend.

Posted on 29/05/2023

FTX: Singapore state fund Temasek cuts pay after failed investment

Singapore state-owned investment fund Temasek Holdings says it has cut the pay of staff responsible for its investment in cryptocurrency exchange FTX, which collapsed last year. Last year, the fund ...

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