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Month: August 2023

Posted on 03/08/2023

Singapore worked with UK authorities on fraud case involving ex-F1 CEO Bernie Ecclestone: DPM Wong

SINGAPORE: Singapore worked closely with authorities in the United Kingdom on their investigation and prosecution of former F1 CEO Bernie Ecclestone, Deputy Prime Minister Lawre ...

Posted on 03/08/2023

Singapore’s building technology in need of a new climate era

Singapore has gone from a mudflat swamp with fishing villages to an island metropolis boasting one of the world’s highest incomes and population densities – in a little more than 150 years.

Posted on 03/08/2023

Singapore bank DBS’ Q2 profit beats estimates; expects record year

Singapore's biggest bank DBS Group said on Thursday its second-quarter profit jumped a forecast-beating 48% to a new record as higher interest rates helped drive income growth, and forecast growth in ...

Posted on 03/08/2023

Singapore bank DBS’ Q2 profit jumps 48% to record, beats forecasts

SINGAPORE: Singapore's biggest bank DBS Group said on Thursday (Aug 3) its second-quarter profit jumped a forecast-beating 48 per cent to a new record as higher interest rates helped drive income ...

Posted on 03/08/2023

DBS Q2 profit jumps 48% to $2.69b; dividend of 48c declared

DBS Group Holdings on Thursday reported record quarterly earnings as higher interest rates continued to lift its margins despite muted loan growth. Wealth management and card fees also rebounded after ...

Posted on 03/08/2023

DBS Q2 profit beats forecasts to rise 45% to S$2.6 billion; declares S$0.48 dividend

SINGAPORE’S largest lender DBS posted a net profit of S$2.6 billion for the second quarter ended June, representing a 45 per cent year-on-year increase from S$1.8 billion. Read more at The Business ...

Posted on 03/08/2023

Singapore not banning lorries for migrant worker transport despite accidents injuring dozens

Advocacy groups have called for a halt to the practice that has resulted in fatalities for migrant workers in past years. Businesses countered that a ban would pile on costs and result in traffic woes ...

Posted on 03/08/2023

Can Property Investing Ever Be Safe? Here’s Why A Guaranteed Real Estate-Backed Loan Could Be Your Best Option For Regular Passive Income

Since BigFundr’s targeted Deal returns of more than 6% nett p.a. are currently higher than fixed deposits and provide more stability than equity investments, investors can now diversify into investing ...

Posted on 03/08/2023

Singapore’s Bank DBS Second-Quarter Net Profit Jumps 48% On-Year

SINGAPORE (Reuters) - Singapore's biggest bank DBS Group reported on Thursday a 48% rise in net profit in the second quarter from a year earlier on the back of stronger total income growth.

Posted on 03/08/2023

Singapore bank DBS’ Q2 profit jumps 48%, beats forecasts

Singapore's biggest bank DBS Group posted on Thursday a 48% surge in second-quarter net profit that beat expectations, as a stronger net interest income drove earnings.

Posted on 03/08/2023

Singapore PM Pushes Back as Opposition Slams Scandal Response

Singapore Prime Minister Lee Hsien Loong vowed to protect the integrity of governance, fighting back opposition questions following a series of scandals that have put his party’s reputation to the test.

Posted on 03/08/2023

Singapore’s Indian origin investment Guru Narayana Iyer Narayanan dies

Singapore’s investment guru Narayana Iyer Narayanan, who represented the interests of minority stakeholders in major corporations, has passed away. He was 95. Narayanan, who had deep knowledge of the ...

Posted on 03/08/2023

Finmo launches in Singapore after securing MPI license

Finmo, a payments company headquartered in Singapore, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Posted on 03/08/2023

Australia’s upcoming global minimum tax is intended to stop offshore tax evasion. There are doubts it will work

In 2016, reportedly half of US corporate profits were stashed in seven countries with low tax rates: Bermuda, the Cayman Islands, Ireland, Luxembourg, the Netherlands, Singapore and Switzerland. In ...

Posted on 03/08/2023

Singapore is building technology it needs for a new climate era

SINGAPORE has gone from a mudflat swamp with fishing villages to an island metropolis boasting one of the world’s highest incomes and population densities in a little more than 150 years. It’s going ...

Posted on 03/08/2023

Singapore PM admits ruling party ‘has taken a hit’ from scandals

Singapore's Prime Minister mounted a vigorous defence of his long-ruling People's Action Party on Wednesday, even as he acknowledged it had "taken a hit" after a rare spate of political scandals. Lee Hsien Loong vowed, however, to "show Singaporeans that ...

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