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Month: July 2023

Posted on 05/07/2023

Why Are So Many Concerts Extending More Days In Singapore?

Why are there so many sell-out concert shows in Singapore? The DollarsAndSense team breaks down the economics of concerts to explain why so that you won’t panic the next time your favourite star’s ...

Posted on 05/07/2023

Microsoft Introduces New AI Tools from Singapore

Singapore-based start-ups, Babbobox and Wiz.AI, have collaborated with Microsoft to develop new AI tools that showcase promising advancements in the field. These tools aim to bring significant changes ...

Posted on 05/07/2023

Analysts await details on OCBC’s $3 bil incremental revenue goal, expected at 1HFY2023 earnings call on Aug 4

Oversea-Chinese Banking Corporation (OCBC O39 0.33%) unveiled on July 3 its branding and strategic refresh, which includes a target to deliver an incremental $3 billion in cumulative revenue between 2023 and 2025. Analysts, however, have kept their views for now.

Posted on 05/07/2023

Singapore and India bourses’ NSE IX-SGX GIFT Connect goes live

The NSE IX-SGX GIFT Connect became fully operational on July 3, and recorded more than US$8 billion of open interest in US dollar GIFT Nifty futures and over $1 billion open interest in Nifty options ...

Posted on 05/07/2023

Taylor Swift fans caused 45% surge in UOB card applications across Southeast Asia

Taylor Swift fans across Southeast Asia have reportedly caused a "very significant surge" in UOB card applications ahead of the Singapore concert. Find out more.

Posted on 04/07/2023

Sky-High Prices Make Singapore the Costliest Luxury City, New York and Miami in Top 10

With over 5.5 million people, Singapore residents pay the highest for rent, housing, school fees, insurance, taxes on cars, and general living costs.

Posted on 04/07/2023

Singapore’s GIC, Genus Power Infra to invest $2 billion in smart meter projects

Singapore’s sovereign wealth fund GIC and Genus Power Infrastructures have agreed to set up a joint venture platform to fund smart metering projects and have committed to invest $2 billion for the ...

Posted on 04/07/2023

How This Indian-Origin CEO Has Created A Succession Dilemma At Singapore’s Largest Bank

For more than 13 years, India-born Piyush Gupta has led one of Singapore’s most iconic and biggest institutions. The 63-year-old Gupta is the CEO of DBS Bank, which has played a key role in turning ...

Posted on 04/07/2023

Singapore economy set to bottom, may spark STI re-rating

FOLLOWING a relatively strong 2022, the current year has not been a great one for the Straits Times Index (STI) so far. Read more at The Business Times.

Posted on 04/07/2023

Pirates allegedly steal scrap iron after boarding ship in Malaysian waters off Singapore

Four pirates allegedly stole some scrap iron after boarding a Malaysia-flagged tug and barge along the Singapore Strait on Tuesday morning.

Posted on 04/07/2023

Vivian Balakrishnan: Singapore has not imposed general trade embargo on Myanmar

Singapore has not imposed a general trade embargo on Myanmar as it does not want to add to the suffering of the civilian population, said the republic’s Foreign Affairs Minister Dr Vivian Balakrishnan ...

Posted on 04/07/2023

Singapore’s $2 Billion Fintech Nium Eyes US IPO in Two Years

Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.

Posted on 04/07/2023

Singapore stocks fall amid weaker regional sentiment; STI down 0.1%

Across the broader market, gainers beat losers 276 to 213 after 1.2 billion shares worth $607.2 million changed hands. Read more at straitstimes.com.

Posted on 04/07/2023

Supermarket showdown: Expat reveals vast grocery price differences between Singapore and Switzerland

According to a report by ECA, a human capital firm, Singapore is the fifth most expensive city in the world for expats. From rising rental costs to inflation, even expats find the prices in the little ...

Posted on 04/07/2023

Cryptocurrency crackdown: 5 ways on how US’ war on crypto could impact S’pore and SEA

With the SEC cracking down on companies such as Binance and Coinbase, here's how regulations in the US could soon impact crypto regionally.

Posted on 04/07/2023

South Korea OKs Its First Crypto Bill Targeting Unfair Trading, Bolstering Investor Protection

South Korea has passed its first cryptocurrency bill that will advance the country's bid to protect investors in digital assets. Lawmakers have been discussing crypto-related protections in recent years,

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