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Month: October 2023

Posted on 11/10/2023

In Singapore, crypto firm co-founder, 26, charged with taking S$270,400 from investors, making false robbery report

Two 26-year-olds were charged in court today over allegedly making a false police report about a robbery of S$270,400 in cash at Pasir Ris Park ...

Posted on 11/10/2023

Revealed: Liquidator’s report led to Three Arrows Capital founder’s arrest at Singapore Airport

Zhu Su, the founding executive of the renowned cryptocurrency hedge fund Three Arrows Capital, who was arrested at Singapore Changi Airport, was reported to the police by the consulting firm Teneo.

Posted on 11/10/2023

OCBC and Venture Corp.: Reliable Dividend Picks on SGX

SGX-listed Oversea-Chinese Banking Corp. Ltd., or OCBC (SG:O39) and Venture Corp. Limited (SG:V03) are favoured by investors for their reliable ...

Posted on 11/10/2023

4 decades of savings drained in 15 min: Woman loses $72,500 despite ‘knowing about scams’

A 68-year-old woman lost more than $72,500 from her POSB bank account in 15 minutes after she downloaded a third-party app in a bid to sell her pre-loved kitchen appliances online. Read more at stomp.

Posted on 11/10/2023

Analysis-China Saves Billions of Dollars From Record Sanctioned Oil Imports

For imports of Venezuelan oil, mostly heavy grade Merey, China saved an average of $10 a barrel versus comparable Colombian Castilla crude, the calculations based on the trader data showed. The ...

Posted on 11/10/2023

Use hydroelectricity to attract foreign investment, not sell it to Singapore and Peninsular Malaysia, state DAP chairman tells Sarawak

Sarawak DAP chairman Chong Chieng Jen today urged the state government to focus on how to use the hydroelectricity to attract good investment instead of selling it to Singapore and Peninsular Malaysia ...

Posted on 11/10/2023

Singapore’s Q3 GDP likely to show persistent weakness

Singapore's economic growth in the third quarter is expected to remain sluggish as the central bank seeks to balance the task of containing inflation and shoring up the slowing post-pandemic recovery.

Posted on 11/10/2023

GCB turned urban farm: URA looking into use of Three Arrows co-founder Zhu Su’s property

THE Urban Redevelopment Authority (URA) is looking into the activities being carried out at a Good Class Bungalow (GCB) linked to Zhu Su, co-founder of failed crypto fund Three Arrows Capital. The Business Times (BT) reported on Oct 2 that the GCB, ( read original story ...)

Posted on 11/10/2023

Singapore’s Q3 GDP Likely to Show Persistent Weakness Reuters Poll

Economists polled by Reuters expect preliminary data, due on Friday, to show gross domestic product (GDP) expanding 0.4% in July-September from a year ago amid tepid external demand. The city state ...

Posted on 11/10/2023

Singapore soars as regional business hub

Australian companies in Singapore are more upbeat about their investment than those in China, with 88 per cent of respondents in new survey looking to expand in the region.

Posted on 11/10/2023

Singapore Institute of Technology to let alumni take modules for free

SINGAPORE - Alumni of the Singapore Institute of Technology (SIT) can soon return to their alma mater to take modules for free, as part of a push for universities to play a greater role in adult ...

Posted on 11/10/2023

Singapore’s Power Fix Could Help a World in Strife

Electricity trading between neighbors grants the provider a lot of leverage. The island state is right to take this chance.

Posted on 11/10/2023

Singapore shares extend rally at Wednesday’s open; STI up 0.4%

SINGAPORE stocks started off strong in early trading on Wednesday (Oct 11), following overnight gains in global markets. Read more at The Business Times.

Posted on 11/10/2023

HDB Public Phone Singapore: About 150 public phones are still operating

Nestled in a corner of a Bukit Purmei provision shop is a relic – an iconic orange payphone belonging to the 78-year-old shop owner, who wants to be known ...

Posted on 11/10/2023

Singapore companies’ love affair with Nasdaq continues despite post-IPO heartaches

SINGAPORE-based companies continue to flock to the Nasdaq exchange in the United States, even though data shows it is tough for smaller players to win investors there. Read more at The Business Times.

Posted on 11/10/2023

Staying listed in the US could prove to be a rough ride for Singapore companies

RIDE-HAILING startup Ryde and personal-finance comparison platform MoneyHero Group are the latest in a string of Singapore-linked companies to seek a listing in the US markets. Read more at The ...

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