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Month: November 2023

Posted on 09/11/2023

Top award in financial services for companies under a billion goes to Sing Investments & Finance

The Edge Singapore’s Billion Dollar Club Awards have shone a spotlight on Sing Investments & Finance (SIF). In the Centurion Club sector for companies with a market capitalisation of less than $1 ...

Posted on 09/11/2023

Clear path to profitability needed for green companies to attract finance: Earthshot panellists

In his remarks, Nagarajan advised entrepreneurs to have a clear path to profitability, no matter the time needed. Their business should be scalable as well, so that its unit economics are profitable.

Posted on 09/11/2023

Analysts mixed on DBS’s prospects with ‘sell’, ‘neutral’ and ‘buy’ calls after 3QFY2023 results

The Singapore research team at RHB Bank Singapore has kept its “neutral” call with an unchanged target price of $34.70 as DBS’s 3QFY2023 results stood in line with a sequential rise in loan ...

Posted on 09/11/2023

Significant investment Bill is part of Singapore’s security strategy in turbulent world: Gan Kim Yong

Finally, Singapore must seek new areas for cooperation, to deepen collaboration and strengthen the city-state’s relevance as a global business hub. Gan named sustainability and the digital economy as ...

Posted on 09/11/2023

Singapore’s Mortgage Tech Startup LXA Secures US$10 Million Seed Funding

LXA, a Singapore-based technology startup specialising in mortgage solutions, has raised US$10 million in a seed funding round led by New Enterprise Associates (NEA). The round also included ...

Posted on 09/11/2023

China’s Xi Jinping Unlikely To Launch ‘D-Day’ On Taiwan Unless Provoked, Says Singapore PM

Singapore’s Prime Minister, Lee Hsien Loong, expressed optimism about the possibility of de-escalating U.S.-China tensions, particularly over Taiwan, ahead of a much-anticipated meeting between U.S. President Joe Biden and Chinese President Xi Jinping.

Posted on 09/11/2023

Singapore’s real estate boom set to end, says Morgan Stanley

Home prices are expected to fall 3% in 2024, and the downward trend may continue for two more years. Morgan Stanley downgraded both Singapore’s key property developer stocks City Developments and UOL Group to underweight. (Reuters pic) SINGAPORE ...

Posted on 09/11/2023

Ex-Blackstone credit veteran targets Singapore mortgage market

The firm has US$10 million in seed money from backers including New Enterprise Associates, Openspace Ventures and Singapore Economic Development Board Investment. The digital platform will source ... ( read original story ...)

Posted on 09/11/2023

More Singaporeans manage debt better but retirement plans on backburner: OCBC survey

The OCBC Financial Wellness Index shows Singaporeans managing debt better but delaying planning for retirement. Find out why.

Posted on 09/11/2023

Fewer Singaporeans able to spend beyond basics, OCBC survey finds

Fewer Singaporeans are able to comfortably spend on things beyond the basics, and more do not have sufficient emergency funds or enough savings to meet their families' needs over the next year, a ...

Posted on 09/11/2023

S’pore to import low-carbon electricity from Vietnam to help meet renewable imports target

SINGAPORE – From 2033, Singapore will import 1.2 gigawatts (GW) of low-carbon electricity – primarily generated by wind power – from Vietnam, which will help fulfil the Republic’s target ...

Posted on 09/11/2023

Woman deported, banned from Singapore after jail term from hospital argument

A Chinese national who gained attention for videos of her confrontation with the police has been deported from and permanently banned from working in Singapore.

Posted on 09/11/2023

Singapore Shares May Halt Slide On Thursday

(RTTNews) - The Singapore stock market has finished lower in back-to-back sessions, slumping more than 50 points or 1.6 percent along the way. The Straits Times Index now sits just beneath the ...

Posted on 09/11/2023

Singapore stocks open stronger on Thursday; STI up 0.2%

SINGAPORE stocks edged up on Thursday (Nov 9 ... DBS was trading up 0.4 per cent or S$0.12 at S$33.45. UOB was up 0.6 per cent or S$0.16 to S$27.55, and OCBC rose 0.2 per cent or S$0.02 to S$13.08. US ...

Posted on 09/11/2023

CapitaLand Investment 9-month revenue drops 3% on weaker real estate business

SINGAPORE - Real estate investment manager CapitaLand Investment ... The dip in revenue was due to an 8 per cent decline in revenue of its real estate business to $1.4 billion. This was partially ...

Posted on 09/11/2023

Tiger Brokers (Singapore) Takes Home “Best Retail Broker” Title at SIAS Investors’ Choice Awards 2023

Client assets are also held and kept in ringfenced custody accounts and held in trust by an appointed trustee, separated from Tiger Brokers (Singapore)'s own business capital. The firm also strictly ...

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