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Month: November 2023

Posted on 29/11/2023

MAS: More households may face rising mortgage rates next year

SINGAPORE: The Monetary Authority of Singapore (MAS) has cautioned that more Singapore households may encounter... The post MAS: More households may face rising mortgage rates next year appeared first ... ( read original story ...)

Posted on 29/11/2023

MOVES-Singapore bank OCBC appoints new chief for Hong Kong unit

Singapore's second-biggest lender by assets, said on Wednesday it had appointed Wang Ke as the chief executive of its Hong Kong unit, effective from Dec. 15. OCBC, which is also Southeast Asia's ...

Posted on 29/11/2023

Here’s your cheapest SIM-Only mobile data plans in Singapore

SINGAPORE: When it comes to mobile data plans in Singapore, savvy Singaporeans seeking cost-effective solutions... The post Here’s your cheapest SIM-Only mobile data plans in Singapore appeared first ...

Posted on 29/11/2023

Hyundai Opens Innovation Center in Singapore to Spearhead Human-Centric Technology

Experienced by Kimatni D. Rawlins Welcome to Southeast Asia for the groundbreaking of Hyundai Motor Group’s Innovation Center in Singapore (HMGICS), where the goal is to accelerate the company’s human ...

Posted on 29/11/2023

Singapore’s M&L Healthcare sells new diabetes-related treatment to Nasdaq firm for $334 million

M&L Healthcare is a family-owned investment fund founded by shipping tycoon Michael Kum and his wife Lynda. Read more at straitstimes.com.

Posted on 29/11/2023

Singapore household debt drops to lowest in over a decade

SINGAPORE: Singaporeans are reducing their debt levels as high interest rates discouraged them from taking new loans and healthy income growth helps them pay off their obligations, the central bank ... ( read original story ...)

Posted on 29/11/2023

Property agent convinced 80yo woman to set up joint bank account with him containing S$462,300 in sale proceeds

SINGAPORE: A property agent who sold a condominium unit for an 80-year-old woman convinced her to set up a joint bank account with him containing the S$462,300 in sale proceeds. 58-year-old Louiis ... ( read original story ...)

Posted on 29/11/2023

Singapore floats two design options to bidders for planned FSRU

LNG buyer Singapore is looking at two different design concepts for its long-planned floating storage and regasification unit-based second import facility as selected bidders are invited to join a ...

Posted on 29/11/2023

Singapore canes, jails ‘sick and depraved’ man for sexually abusing girl he wanted to adopt

The man, 39, was sentenced to 10 years’ jail and nine strokes of the cane for engaging in a sexually exploitative relationship with someone aged 16-18.

Posted on 29/11/2023

Nearly 8 in 10 of Singapore’s wealthiest investors will divest from non-sustainable firms

Financially abundant investors prioritise ESG and sustainability factors the most when investing. ESG has further climbed up the ladder of priorities of Singapore’s wealthiest or “financially abundant ...

Posted on 29/11/2023

Singapore-based think tank raises red flags on Maharlika

The Maharlika Investment Fund (MIF) has a “strong legal framework,” but has potential risks such as the possible misuse of funds and a lack of accountability, according ...

Posted on 29/11/2023

Income Investing: How A Consistent Income Stream Can Help Fight Inflation And Manage Market Volatility

Income investing can provide both a safety buffer and the opportunity for growth in an unpredictable and high-inflation environment.

Posted on 29/11/2023

Shein IPO Is In the Works: What You Need to Know

The initial public offering (IPO) world is buzzing on news Singapore-based fast-fashion retailer Shein has filed confidential paperwork to go public in the U.S. While details are sparse, reports ...

Posted on 29/11/2023

Shein’s IPO Plan to Fuel Scrutiny Over Cotton, Roots in China

Fast-fashion retailer Shein has a lot of work to do to convince skeptics that the runway is clear for it to launch an initial public offering next year.

Posted on 29/11/2023

TikTok faces Singapore civil lawsuit from K Shanmugam over ‘false, baseless’ claims of extramarital affair

Singapore’s Law and Home Affairs Minister K Shanmugam has launched a civil lawsuit against social media giant TikTok requiring they identify three users who, he said, spread false allegations of an ...

Posted on 29/11/2023

Shein’s IPO could raise billions. Here’s what to know about the secretive Chinese-founded retailer.

A stock sale "will shine a spotlight on the business model and financials" of the fast-fashion giant about which little is known, said one analyst.

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