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Month: June 2023

Posted on 29/06/2023

Banking Ombudsman gets fast-track fraud resolution undertaking from NZ banks

A nerve centre to disrupt scams': what NZ can learn from Singapore as fraud and deception crimes rise 77% annually ...

Posted on 29/06/2023

5 Items That Contributed To Singapore Being The Most Expensive City In The World (According To A Consumer Report)

The 2023 Global Wealth and Lifestyle Report by private bank Julius Baer ranked Singapore, which is home to an increasing number of high-net-worth individuals (HNWIs), as the most expensive city in the ...

Posted on 29/06/2023

With 46% ownership, Boustead Singapore Limited (SGX:F9D) insiders have a lot at stake

Key Insights Boustead Singapore's significant insider ownership suggests inherent interests in company's expansion ...

Posted on 29/06/2023

Singapore central bank and bourse collaborate with climate panel to bolster access to transition data

Singapore’s central bank and the local bourse will collaborate with the Climate Data Steering Committee (CDSC) on strengthening global access to climate transition data. The Monetary Authority of ...

Posted on 28/06/2023

Singapore-based firm Biosyngen opens new manufacturing facility, set to hire 200 people

SINGAPORE - Singapore-based cell therapy company Biosyngen is looking to hire about 200 people in the next three to five years to staff its newly opened cell manufacturing facility at 5 Tai Seng ...

Posted on 28/06/2023

Top Singapore ministers cleared after probe into plush properties

Two Singapore cabinet heavyweights have been cleared of wrongdoing following an investigation into their rental of state-owned bungalows in an exclusive location, the government said on Wednesday. Law ...

Posted on 28/06/2023

Temasek sells 1.85% stake in Singapore Airlines, remains top investor

Singapore's state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the country's national carrier Singapore Airlines (SIA) , according to a term ...

Posted on 28/06/2023

Singapore stocks up along with regional markets

Gainers outnumbered losers 289 to 216, after 1.2 billion securities worth a collective $970.8 million changed hands. Read more at straitstimes.com.

Posted on 28/06/2023

Singapore’s MAS wants to increase deposit insurance coverage to S$100,000/pax

"MAS’ proposals are not in response to the stresses faced by some banks abroad earlier in the year. The key to ensuring a safe and resilient banking system is through pre-emptive safeguards, meaning ...

Posted on 28/06/2023

Jewel Changi Airport and UOB partner to incentivise tourist spend

Jewel Changi Airport (Jewel) and UOB (United Overseas Bank) have partnered to drive value, incentivise and grow spend among inbound tourists, especially from ASEAN, and local residents at Jewel.

Posted on 28/06/2023

Brokers’ Take: DBS downgrades HRnetGroup to ‘hold’ as labour market softens

DBS Group Research on Wednesday (Jun 28) downgraded HRnetGroup to “hold” from “buy” as it expects softness in the Singapore and China’s economies to hit the labour markets. Read more at The Business ...

Posted on 28/06/2023

DBS downgrades HRnetGroup, sharing similar concerns as CGS-CIMB’s earlier call

Andy Sim of DBS Group Research has downgraded his call on HRnetGroup from "buy" to "hold", citing concerns that a slowing economy will dampen the recruitment firm's business in its key markets of ...

Posted on 28/06/2023

Singapore stocks end Wednesday higher; STI inches up 0.1%

LOCAL shares ended Wednesday (Jun 28) on a slightly more upbeat note alongside most other market indices in South-east Asia, as investors scoured capital markets for opportunities.  Read more at The ...

Posted on 28/06/2023

Lexus to join Singapore taxi fleet

First time for Toyota-owned nameplate here; and second luxury brand following Mercedes-Benz in mid-1990s Read more at straitstimes.com.

Posted on 28/06/2023

Singapore jails Indonesian who filmed himself having sex with 76 women without their consent

Johan Wijaya, a 32-year-old permanent resident of the city state, used a video camera hidden inside a power-bank charger to film his victims. Police found 336 voyeuristic videos on his laptop.

Posted on 28/06/2023

Singapore Clears Ministers Over Rental of Colonial Bungalows

A Singapore government review into colonial bungalows rented by two ministers found no evidence of corruption or criminal wrongdoing after the opposition questioned whether the officials were paying ...

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