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Month: June 2023

Posted on 15/06/2023

Lifting of sea sand export ban not linked to S’pore investment in Kalimantan: Jokowi

Indonesia lifted a 20-year-old ban on sea sand exports, causing some concerns among environmentalists. Indonesia first banned sea sand exports in 2003 and eventua ...

Posted on 15/06/2023

Singapore stocks gain on Thursday as Fed pauses rate hikes

Quiet optimism over news that the United States has hit the pause button on interest rate hikes helped local shares make gains on Thursday amid mixed trading in the region. Read more at ...

Posted on 15/06/2023

Will Singapore move in the direction of US, and consider a ban on non-compete clauses in labour contracts?

The Manpower Ministry and tripartite partners are developing a set of guidelines “to shape norms and provide employers with further guidance” on including non-compete clauses in labour contracts.

Posted on 15/06/2023

Singapore’s Tight Labor Market Is Showing Signs of Cooling

Singapore’s labor market expanded at the slowest pace in six quarters in signs of cooling demand that may help tamp down price pressures.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge ...

Posted on 15/06/2023

Siemens unveils big investments in China and Singapore factories

Siemens’ new €200mn plant in Singapore, which is set to employ 400 people ... and which are looking for the next technology?” he said at the time. “It’s China in very many cases.” But Siemens’ China ...

Posted on 15/06/2023

Siemens to Make €2 Billion Investment to Boost High-Tech Plants

Siemens AG will invest €2 billion ($2.2 billion) to expand high-tech manufacturing, including a new plant in Singapore and an expansion at its Chinese plant in Chengdu.

Posted on 15/06/2023

Siemens to invest US$2.2 billion to ramp up global production; plans new plant in Singapore

ZURICH: Siemens will spend €2 billion (US$2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday (Jun 15), as it gears up to meet increased demand ...

Posted on 15/06/2023

Siemens to invest $2.2 bln to ramp up global production

Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by ...

Posted on 15/06/2023

Eight arrested in SG over links to mobile phone malware which resulted in unauthorised banking transactions

Eight people, aged between 19 and 35, were arrested for their alleged involvement in a recent spate of banking-related malware incidents.

Posted on 15/06/2023

8 individuals arrested for alleged involvement in spate of banking-related malware incidents

Unauthorised transactions were made from victims’ banking accounts even though they did not divulge their OTP to anyone. Read more at straitstimes.com.

Posted on 15/06/2023

‘Greenest’ of the three, OCBC also has dividend upside

In terms of business direction, OCBC is said to have the sharpest Greater China focus among the local banks. Hong Kong, China and Macau account for 24.6% of OCBC’s loan portfolio. However, Wong sees ...

Posted on 15/06/2023

UOB deepens its roots in Asean ‘phygitally’

In 2011, even before President Xi Jinping of China launched his Belt and Road Initiative (BRI), UOB had already foreseen the potential of Asean by forming its Foreign Direct Investment (FDI) Advisory ...

Posted on 15/06/2023

Vote for Ah Lian? Michelle Chong shows off ‘presidential campaign flyers’, wants to make Singapore tok kong again

Do we have a new contender for Singapore's upcoming Presidential Election?While Michelle Chong is unlikely to give Senior Minister Tharman Shanmugaratnam and entrepreneur George Goh a run for their ...

Posted on 15/06/2023

Supertanker freight rates jump as Mideast crude exports to Asia rise

The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to the highest since April as more cargoes are being booked in June, according to industry sources and ...

Posted on 15/06/2023

Singapore’s Venture Corp. Rises Amid Appetite for Tech Stocks — Update

By Yi Wei Wong Shares of Singapore technology services group Venture Corp. are up early Thursday, extending a bullish run this week and putting the stock ...

Posted on 15/06/2023

Singapore Home Sales Climb to One-Year High Even After Curbs

Singapore’s home sales surged to the highest in a year, showing that the government’s latest cooling measures have done little to curtail demand.

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