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Month: July 2023

Posted on 10/07/2023

ComfortDelgro unit to distribute Chinese electric vans in Singapore by end-2023

THE race to get companies to switch to electric vans is heating up, with ComfortDelGro Engineering importing a new Chinese brand for sale or lease by the fourth quarter of 2023. Read more at The ...

Posted on 10/07/2023

Singapore family eating dinner in JB finds car window smashed, valuables stolen

A meal out in Johor Bahru, Malaysia, on Saturday night (July 8) turned sour for a family after they returned to their car to find that it had been broken into. Stomp contributor IK said cash of RM570 ...

Posted on 10/07/2023

Early retirement in Singapore: important things to know

KUALA LUMPUR, MALAYSIA - Media OutReach - 10 July 2023 - The retirement age in Singapore is 63. However, monthly payouts from the savings Singaporeans have with CPF (Central Provident Fund Board) ...

Posted on 10/07/2023

Singapore’s UOB Is Shutting Myanmar Junta Allied Airline’s Bank Accounts

UOB began closing Myanmar Airway International’s accounts on July 1 and will complete the process on August 15.

Posted on 10/07/2023

RHB downgrades banks to ‘neutral’; UOB named top pick

The Singapore research team at RHB Bank Singapore has downgraded Singapore banks to “neutral” from “overweight” after a series of “disappointing macroeconomic data” recently. The disappointing data ...

Posted on 10/07/2023

Major Singapore bank halts financial services for Myanmar airline

A leaked letter signed by MAI’s CEO explains that UOB is halting the airline’s transactions, including deposits and transfers, by mid-August ...

Posted on 10/07/2023

Singapore man gets 12 years’ jail for sexual offence against 11-year-old granddaughter after wife’s birthday celebration

After celebrating his wife’s birthday at a restaurant, a man, who was 65 years old at the time, went with his 11-year-old granddaughter to buy ...

Posted on 10/07/2023

Singapore real estate firm CapitaLand Development appoints first post-demerger head of sustainability

CapitaLand Development has named National University of Singapore's associate director of sustainability services Giovanni Cossu as head of its sustainability function.

Posted on 10/07/2023

Chinese developer Kaisa Group faces winding-up petition by Singapore hedge fund on yuan-bond payment miss

Kaisa Group received a winding-up petition in Hong Kong from a Singapore-based hedge fund for non-repayment of a yuan-denominated debt and accrued interest. The stock crashed to a record low.

Posted on 10/07/2023

Sluggish loan growth, economic uncertainties cloud Singapore’s banking prospects: RHB

RHB Research has cut its weighting for the banking sector to “neutral” from “overweight” as it foresees waning business and consumer sentiment, along with low demand for credit, to partially offset ...

Posted on 10/07/2023

SCB WEALTH embraces becoming a ‘Digital Bank with Human Touch,’ winning Best Private Bank for Digitally Empowering RMs award

SCB WEALTH embraces becoming a ‘Digital Bank with Human Touch,’ winning Best Private Bank for Digitally Empowering RMs award, strengthening wealth platform innovation leadership Dr. Sathit Pongtanya, ...

Posted on 10/07/2023

Durian vendor tackles man who snatched $600 from elderly woman in Tampines

A durian vendor went to the rescue of an elderly woman when she was robbed of $600. The incident took place near a POSB ATM at Block 827, Tampines Street 81, after the woman withdrew cash from the ...

Posted on 10/07/2023

DBS upskills relationship managers on sustainable financing

Singapore-based lender DBS has upskilled more than 1,600 institutional banking relationship managers (RMs) and 170 credit risk managers (CRMs) to deepen their knowledge in sustainable financing ...

Posted on 10/07/2023

Gaming firm Razer hit by potential breach, hacker offering stolen data for RM466,750 in crypto

Gaming hardware company Razer has allegedly suffered a data breach, after a seller on a hackers’ forum offered stolen data for US$100,000 (RM466,750 or S$134,898) in cryptocurrency on July 8.

Posted on 10/07/2023

Singapore rolls out initiatives to capture new digital jobs in supply chain management

There will be 700 new digital jobs for PMETs in supply chain management from now till 2025, a study forecast. Read more at straitstimes.com.

Posted on 10/07/2023

What is ‘GIFT Nifty’ — the new avatar of the India-Singapore joint stock exchange, now in Gujarat

The cross-border initiative connecting India & Singapore’s capital markets will now be traded from GIFT city in Gandhinagar, the country's 1st international financial services centre.

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