DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's ...
Singapore shoppers scoop up Lunar New year bargains in Malaysia as city state’s dollar rides high: ‘it’s like a bonus’
As the cost of living back home soars, Singaporeans are taking advantage of their local dollar’s unprecedented strength. And the Malaysian ringgit isn’t the only Asian currency at a record low against ...
Iswaran allowed to leave Singapore temporarily; corruption case moved to High Court
Former Transport Minister S Iswaran, who was handed multiple bribery and corruption-related charges in January, was on Thursday (Feb 8) granted permission ...
Singapore builds AI model to ‘represent’ Southeast Asians
A Singapore government-led initiative aims to correct the imbalance with a Southeast Asian LLM, the first in a family of models named SEA-LION - Southeast Asian Languages in One Network - trained in ...
Singapore’s budget to focus on jobs, cost of living relief
Singapore is likely to focus on cost of living issues and employment in the government's budget next week, as sticky inflation, slow growth and geopolitical uncertainties hang as key concerns for the ...
Singapore Rejects Opposition Motion to Review Reserves Policy
Singapore lawmakers on Wednesday rejected an opposition motion suggesting the government should further dip into the national reserves to help offset rising costs.Most Read from BloombergCitadel Among ...
Money laundering accused charged with submitting forged documents to cheat StanChart, Bank of Singapore
VANUATU passport holder Su Jianfeng, one of the 10 accused in Singapore’s largest money laundering case, was on Thursday (Feb 8) handed two new charges for submitting forged documents to two financial ...
DBS board holds CEO Piyush Gupta accountable for digital disruptions, cuts pay by 30%
Singapore's DBS Group on Wednesday announced to cut the variable pay of its management, including CEO Piyush Gupta, holding them accountable for the digital disruptions suffered in 2023. CEO Piyush ...
Piyush Gupta must act fast to cement his legacy at DBS
Under Mr Gupta, DBS has always aspired to be less of a bank, and more of a technology powerhouse. Read more at straitstimes.com.
Median monthly household income in Singapore above $10,000 in 2023 for second straight year
The lowest 10 per cent in terms of household income saw the slowest average nominal income growth. Read more at straitstimes.com.
Hillhouse Investment acquires Singapore’s InCorp Global
InCorp said Hillhouse’s acquisition is a strategic move that will enable it to further accelerate growth. Read more at straitstimes.com.
FEATURE-Biased GPT? Singapore builds AI model to ‘represent’ Southeast Asians
Singapore government-backed project builds large language model trained on Southeast Asian data * SEA-LION better represents region's languages and culture * Regional LLMs may leave out dissenting ...
Indian-origin company director in Singapore jailed for dereliction of duty
Thilagaratnam Rajaratnam of Strategic Corporate Investments, who was convicted in October last year, was also disqualified from acting as the company's director for five years, the Singapore Police ...
Singapore wealth fund shuffles leadership, names COO
Singapore’s sovereign wealth fund GIC Pte. reshuffled the roles of some senior executives as part of a broader leadership overhaul.
BIZ BUZZ: IPO curtain-raiser rethinks timing
It’s no secret that the market is looking at tycoon Edgar Saavedra’s Citicore Renewable Energy to jumpstart an initial public offering (IPO) revival in 2024. Given its size of P12.9 billion, that one ...
2 new charges for money laundering accused who allegedly submitted forged documents to banks
SINGAPORE - Su Jianfeng, one of the 10 accused in Singapore’s largest money laundering case, was handed two new charges on Feb 8. Su, 35, a Vanuatu national who is originally from China, According to ...