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Month: October 2023

Posted on 31/10/2023

Why The Next Blockbuster Therapy May Come Out Of Singapore

Singapore's recruitment of talent, billions in investment, top universities, and attraction of venture capital makes it an exciting emerging hub for biotech innovation.

Posted on 31/10/2023

Bernard Arnault-backed Singapore Spac nears merger with Kacific: sources

A SINGAPORE blank-cheque company backed by asset manager Tikehau Capital and a group of prominent European financiers is nearing an agreement on a merger with satellite Internet provider Kacific ...

Posted on 31/10/2023

Singapore Partner with Japan, Switzerland, UK Regulators for Joint Crypto Pilots

Singapores central bank is reportedly planning to establish crypto-related cooperation with Japan and some European nations. Thus, it has teamed up with the monetary authorities in Switzerland, Japan, ...

Posted on 31/10/2023

What is Halal Investment? A Guide to Singapore’s Buzzing Islamic Finance Scene

As the financial hub of Southeast Asia, Singapore’s constantly making strides in different arenas. This time round, our eyes are on Halal investing. At its core, Halal investing is more than just a ...

Posted on 31/10/2023

Taxation of Foreign Sourced Income in Singapore Effective January 2024

Singapore will begin taxing foreign-sourced disposable gains from January 1, 2024, with Parliament approving the amendments to the country’s Income Tax Act.

Posted on 31/10/2023

Exclusive: China’s CNOOC, two chemical firms looking at Shell Singapore assets – sources

At least three Chinese companies including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in coming weeks for the city ...

Posted on 31/10/2023

Singapore defense minister calls on China to take the lead in reducing regional tensions

Singapore's defense minister has urged China as a dominant power in Asia to take the lead in reducing tensions in the region, warning that a military conflict like the one in Ukraine or the ...

Posted on 31/10/2023

Korea Investment Partners is the latest Korean VC firm to launch a Southeast Asia fund

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. Short for Korea Investment Partners Southeast Asia, KIPSEA has a ...

Posted on 31/10/2023

Singapore startups to get a leg up in India, Australia expansions

SINGAPORE’S tech startups that are keen to enter markets in India and Australia can now tap Enterprise Singapore’s (EnterpriseSG) new Global Innovation Alliance (GIA) nodes in Mumbai, Melbourne and ...

Posted on 31/10/2023

Singapore manufacturing, services business outlook slightly more optimistic for next 6 months

Find out more about subscription packages here. SINGAPORE’S manufacturers and services firms are slightly more positive about business conditions in the next six months, separate quarterly surveys ...

Posted on 31/10/2023

Viral video of Grab rider flying to Singapore to get chicken rice for customer is ‘fictional’

SINGAPORE — A viral TikTok video, which claimed that a Grab delivery rider had travelled from Thailand to Singapore to purchase chicken rice for a customer, has been debunked as a work of fiction. A ...

Posted on 31/10/2023

Brokers’ take: DBS upgrades OUE C-Reit to ‘buy’ after recovery beats expectations

DBS Group Research on Tuesday (Oct 31) upgraded OUE Commercial Real Estate Investment Trust (OUE C-Reit) to “buy” from “hold”. Its target price of S$0.35 remained unchanged. Read more at The Business ...

Posted on 31/10/2023

VML merger: Lessons from DBS/POSB by Robin Nayak

Not this time in the creative hotbed of adland, but the hard nose business of banking. Back then DBS had acquired Singapore’s popular savings bank POSB, an institution generations grew up with. Most ...

Posted on 31/10/2023

GIC appoints former DBS executive Jeanette Wong as board director

GIC on Thursday (Oct 31) named Jeanette Wong, a former executive at DBS, as a director of its board with effect from Nov 8, 2023. Read more at The Business Times.

Posted on 31/10/2023

Singapore’s luxury property market grinds to a halt amid massive money laundering probe

Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money-laundering scandals weighs on the market.

Posted on 31/10/2023

Singapore’s $110,000-a-Month Mansion Market Grinds to Halt

Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.Most Read from BloombergIsrael Latest: Netanyahu Vows to Stay On; ...

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