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Month: August 2023

Posted on 01/08/2023

Prince Harry to visit Singapore in August to play in polo match for charity

Britain’s Prince Harry will be travelling to Singapore in August to take part in a Polo Cup to help raise funds for charity.

Posted on 01/08/2023

India-Singapore Space Partnership Achieves New Milestone With Satellite Launch By ISRO

ISRO launched 7 Singaporean satellites last week that marks a milestone in the both countries’ space partnership. The mission launched via PSLV-C56/DS-SAR is the dedicated commercial mission of New ...

Posted on 01/08/2023

Singapore’s GIC sets sights on Vietnam, India, and Indonesia

Singapore's sovereign wealth fund, GIC, is shifting its investment strategy to focus more on emerging markets like India, Indonesia, and Vietnam.

Posted on 01/08/2023

CapitaLand Ascendas REIT’s net property income rises 6.7% YoY to $508.8m in 1H23

The REIT attributed the increase to “robust operational performance.” Robust operational performance and high portfolio occupancy boosted CapitaLand Ascendas REIT’s (CLAR) net property income to $508. ( read original story ...)

Posted on 01/08/2023

DBS shares its secret to becoming AI-fuelled

The bank currently has more than 300 AI and machine learning use cases, which helped with revenue uplift and cost avoidance.

Posted on 01/08/2023

Depreciating RMB ‘throwing salt’ on CapitaLand China Trust’s ‘recovering wounds’, 1HFY2023 DPU down 8.8% y-o-y: DBS

Divestment will continue to feature strongly within CLCT’s retail segment among older non-core retail assets, say DBS’s analysts.

Posted on 01/08/2023

Global and Singapore fintech funding in 1H2023 dropped, but payments and AI remain resilient sectors: KPMG

In Singapore, 84 deals in mergers and acquisitions (M&A), private equity (PE), and venture capital (VC) accounted for the US$934 million raised, a drop from the 117 deals in 2H2022. However, the ...

Posted on 01/08/2023

Manufacturing firms optimistic about business in the remaining months of 2023

Across industries, firms in the transport engineering cluster expressed the highest optimism. Manufacturing firms in Singapore are more optimistic about their business conditions in the next six ...

Posted on 01/08/2023

Singtel releases touching National Day documentary charting Singapore’s history

Local telco Singtel has released a short film in honor of Singapore's 58th birthday as well as to commemorate founding prime minister Lee Kuan Yew's 100th birth anniversary.

Posted on 01/08/2023

Switzerland and Singapore deepen partnership to chart fintech’s future

WHEN regular trade between Singapore and Switzerland kicked off in the 1830s, it was not clocks and watches but Swiss-made sarongs – brightly-coloured woven and printed textiles – that were the main ...

Posted on 01/08/2023

World Leaders to Descend on Singapore for the 10th Milken Institute Asia Summit, Celebrating a Decade of Progress, Action, and Impact

Milken Institute Asia Summit, taking place from September 13 – 15, will convene regional and global leaders to discuss a wide range of issues and challenges shaping the Asia Pacific region, including ...

Posted on 01/08/2023

Tech firms still the second largest driver of office demand in Singapore

This sector accounted for a fifth of new leases in H1. According to Cushman and Wakefield, financial and professional services firms in Singapore have partially offset a slowdown in tech office demand ...

Posted on 01/08/2023

Banks to charge for use of Singdollar cheques by Nov 1, to stop taking corporate cheques by end-2025

DBS, OCBC, UOB, Citibank, Maybank, Standard Chartered and HSBC – will start charging for the use of Singapore dollar-denominated cheques by Nov 1. Read more at The Business Times.

Posted on 01/08/2023

More businesses in Singapore going cashless despite resistance

SINGAPORE: Cash piling up seems like the ideal outcome for any business, but restaurateur Guy Wachs found the process of collecting, counting and banking all those notes and coins so time-consuming ...

Posted on 01/08/2023

Singapore Bourse May Be Stuck In Neutral On Tuesday

The Singapore stock market has moved higher in five straight sessions, gathering more than 100 points or 3.2 percent along the way.

Posted on 01/08/2023

Royal Caribbean cruise passenger who ‘could not swim’ goes overboard in Singapore Strait

A Royal Caribbean cruise passenger who reportedly "could not swim" fell overboard into the Singapore Strait Monday as the vessel was headed to Singapore.

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