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Month: May 2023

Posted on 29/05/2023

Singapore state fund cuts pay after failed FTX bet

S ingapore 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 ...

Posted on 29/05/2023

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

Same or not? Local TikTok user reviews UK’s version of Singapore’s beloved McSpicy

Singaporeans generally don't enjoy the heat, unless it's in the food they eat.Our collective love for the iconic McDonald's McSpicy is a testament to that.Over the years, this fiery fried-chicken burger has somewhat

Posted on 29/05/2023

Trust Bank announces zero FX fee on overseas spending, in-app travel insurance

Trust CEO Dwaipayan Sandhu claims that Trust is the only credit card in the market offering zero foreign exchange fees, compared to the general range of about 3.5% charged on overseas transactions by ...

Posted on 29/05/2023

UOB, Keppel to provide sustainability and digitalisation solutions for businesses

The solutions, which support the decarbonisation goals of businesses, will be rolled out progressively this year. Read more at straitstimes.com.

Posted on 29/05/2023

Singapore police yet to identify man allegedly spotted in drain wearing only underwear; kitchenware, contraband cigarettes found

The identity of the man who was spotted in a drain along Hume Avenue in the Hillview-Bukit Batok district has yet to be established, the police said ...

Posted on 29/05/2023

Singapore’s Temasek cuts staff compensation over FTX investment

Singapore state investment fund Temasek said today it had slashed compensation for the team and senior management responsible for its investment in ...

Posted on 29/05/2023

Singapore’s Temasek to Exercise Caution in Crypto Space After FTX Nightmare

Singapore’s Temasek Holdings, one of its sovereign wealth funds, has pledged to take “collective accountability” for its failed $275 million investment in collapsed crypto exchange FTX. In a statement ...

Posted on 29/05/2023

Singapore wages up 0.4% in real terms in 2022, pace of growth ‘significantly dampened’ by inflation

SINGAPORE: Real wages in Singapore grew 0.4 per cent in 2022, lower than the 1.6 per cent in 2021, the Ministry of Manpower (MOM) said on Monday (May 29). The pace of real wage growth last year was "significantly dampened" by inflation.

Posted on 29/05/2023

A clucking nuisance: Complaints grow as wild chickens become increasingly common in Singapore

Residents raised concerns about noise, road safety and hygiene, but are generally opposed to culling the birds. Read more at straitstimes.com.

Posted on 29/05/2023

Employers in Singapore must accept all official medical certificates, per the Employment Act: MOM

Apart from the Act, there is no further set of guidelines for employers to follow regarding the acceptance of medical certificates, the Ministry said.

Posted on 29/05/2023

Singapore accounted for 3.3% FDI projects in Dubai in 2022

The top sectors include hotels and tourism which are at 51%. The Lion City accounted for 3.3% of foreign direct investments (FDI) in Dubai in the past year, according to an FDI markets report from Financial Times.

Posted on 29/05/2023

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

UOB and Keppel signed an MOU to jointly support business in the region with their digitalisation and sustainability efforts.

Posted on 29/05/2023

Singapore’s Temasek cuts compensation for staff responsible for FTX investment

The move comes around six months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 million.

Posted on 29/05/2023

Singapore PM tests COVID-19 negative, returns to work on Monday

Singapores Prime Minister Lee Hsien Loong returns to work on Monday as he has tested COVID-19 negative, seven days after testing positive for the virus for the first time.In a Facebook post on Sunday,

Posted on 29/05/2023

Growing popularity of ‘finfluencers’ may pose risks to investors: Finance experts

The growing popularity of financial influencers has raised concerns about the risks they may pose to consumers who follow them for advice. Most of these influencers share their knowledge, experience ...

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