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Month: August 2023

Posted on 30/08/2023

DBS, OCBC among creditors to alleged money launderers’ Singapore firms

Prosecutors have said they are seeking documents from at least 10 financial institutions in relation to the case. Read more at straitstimes.com.

Posted on 30/08/2023

Singapore to vote on new president amid rumblings of discontent

Former finance minister Tharman Shanmugaratnam is leading the field of three candidates chosen under demanding criteria.

Posted on 30/08/2023

Thai Billionaire Charoen Sirivadhanabhakdi’s REIT To Sell Singapore Mall For $250 Million

Frasers Centrepoint Trust (FCT) has agreed to sell a suburban shopping mall in Singapore for S$338 million ($250 million), helping the real estate investment trust deleverage amid soaring interest ...

Posted on 30/08/2023

DBS, OCBC are creditors to alleged launderers’ Singapore firms

TWO of the biggest local banks in Singapore are creditors to suspects in a major money laundering scandal involving over S$1 billion of assets. Read more at The Business Times.

Posted on 30/08/2023

The Share Prices of These 4 Singapore REITs Are Hitting a Year-Low: Are They a Bargain?

The REIT sector has been under pressure over the past year, but could these REITs be a bargain waiting to be scooped up? The post The Share Prices of These 4 Singapore REITs Are Hitting a Year-Low: ...

Posted on 30/08/2023

Frasers Centrepoint Trust to divest Changi City Point for $338 mil

Changi City Point is a retail mall located at 5 Changi Business Park Central 1. The building has three storeys and one basement level and is connected to the Expo MRT station on the East West and ...

Posted on 30/08/2023

India allows rice exports to Singapore

India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year.

Posted on 30/08/2023

India allows export of rice to Singapore in view of ‘special relationship’

External Affairs Ministry spokesperson Arindam Bagchi, on Tuesday, said formal orders allowing the export of rice to Singapore will be issued shortly.

Posted on 30/08/2023

In High-Rise Happy Singapore, a $4.2 Million Single-Family Home Bucks the Trend

A local couple tore down their bungalow to create a four-story, seven-bedroom house spread across 7,400 square feet.

Posted on 30/08/2023

Singapore Presidential Election 2023: A look back at the 5 times it was previously held

SINGAPORE — Before presidential elections in Singapore were introduced following a constitution amendment in 1991, the city-state's Parliament was in charge of electing and appointing the country's ...

Posted on 30/08/2023

Curbs on significant investment need not hurt Singapore’s reputation for openness

AT FIRST glance, Singapore’s planned curbs on “significant investments into critical entities” might seem like a bold and even uncharacteristic move for an economy that prides itself upon openness. In ...

Posted on 30/08/2023

Singapore Busts Multimillion-Dollar Money Laundering Scheme

A huge money laundering case has riveted attention in Singapore. In a series of raids across the city-state in mid-August, authorities seized close to three quarters of a billion U.S. dollars in ...

Posted on 30/08/2023

Singapore: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore

Singapore’s post pandemic recovery is nearly complete; underpinned by its strong economic fundamentals and the authorities’ decisive policies. While overall output surpassed pre-COVID levels in 2021, ...

Posted on 30/08/2023

India Decides To Allow Rice Export To Singapore In View Of “Special Ties”

In view of the "special relationship" with Singapore, India has decided to allow the export of rice to "meet the food security requirements" of the Southeast nation, the Ministry of External Affairs ...

Posted on 30/08/2023

India decides to allow rice export to Singapore: MEA

In view of the "special relationship" with Singapore, India has decided to allow the export of rice to "meet the food security requirements" of the Southeast nation, the Ministry of External Affairs ...

Posted on 30/08/2023

India to export rice to Singapore despite curbs, says External Affairs Ministry

India will allow export of rice to Singapore despite restrictions on export of the product, citing the special relationship between India and Singapore as the reason for this exemption ...

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