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Month: April 2024

Posted on 16/04/2024

Home owners likely to pay higher mortgage rates for a while more, say market watchers

An expected percentage point dip in interest rates is now likely to only take place at the end of next year, instead of this year. ( read original story ...)

Posted on 16/04/2024

Explainer: Singapore 4-room HDB resale flat in Tampines sold for S$100,000 in January — what’s behind such outlier sales?

An older four-room flat in central Tampines that recently changed hands for S$100,000 (RM351,271) has raised eyebrows among netizens, as similar units in the area ... ( read original story ...)

Posted on 16/04/2024

HSBC lays off at least a dozen Asia dealmakers amid weaker activities, sources say

HSBC is laying off more than a dozen of its investment banking staff in Asia as dealmaking in the region slows, three people with knowledge of the matter told Reuters on Tuesday. Bankers in Hong Kong ...

Posted on 16/04/2024

HSBC cuts a dozen Asia dealmakers, source says

HSBC is laying off around a dozen of its Asia investment banking staff, a person with knowledge of the matter told Reuters on Tuesday. Bankers in Hong Kong and Singapore are impacted as the lender ...

Posted on 16/04/2024

Court lets OK Lim’s daughter leave Singapore, bail doubled to S$100,000

LIM Huey Ching – the daughter of fallen oil tycoon Lim Oon Kuin or OK Lim – was on Tuesday (Apr 16) granted conditional permission by the state courts to leave Singapore to attend the graduation ...

Posted on 16/04/2024

OCBC’s Quest for Loan Recovery Amidst a $3 Billion Money Laundering Probe

OCBC Bank embarks on a quest amidst the sun-drenched shores of Sentosa, Singapore, a gripping tale unfurls within the backdrop of a colossal $3 billion money laundering investigation. The crux of the ...

Posted on 16/04/2024

Singapore Expands Payment Services Act to Include Token Custody and Transfers

The Payment Services Act (PS Act) in Singapore has been amended by the Monetary Authority of Singapore (MAS) to broaden the regulatory framework that applies to digital payment token (DPT) service ...

Posted on 16/04/2024

Three investment strategies to boost Singapore’s green lead

Singapore made US$913m worth of private green investments. Singapore leads the net-zero charge, but experts see room for three more decarbonisation strategies to further solidify its sustainability ...

Posted on 16/04/2024

Eco-friendly data centers help drive $6.3 billion of green investment in Southeast Asia, but report shows more needed

Southeast Asia saw an uptick in green investments in 2023, with a boost from green data center projects, though funding remains insufficient, says a report.

Posted on 16/04/2024

5 men charged over bogus investment schemes that duped 47

The police said on April 15 that Muhammad Muniruddin Mohamed Khairuddin, 38, Osman Japar, 52, and Muhammad Nabil Fatin Osman, 29, allegedly formed part of a team that duped 47 people into investing in ...

Posted on 16/04/2024

SMEs in Singapore remain contractionary for fifth consecutive quarter: OCBC

According to the latest small and medium-sized enterprises (SME) index by Oversea-Chinese Banking Corporation (OCBC), SMEs have remained contractionary for the fifth consecutive quarter. The latest ...

Posted on 16/04/2024

LinkedIn Top Companies 2024 in Singapore: DBS, Standard Chartered, OCBC, Singlife in the list

Homegrown bank DBS retained the top spot on the LinkedIn Top Companies 2024 list for Singapore, according to the social media company. The annual list, released on Tuesday (16 April), is the fourth ...

Posted on 16/04/2024

Financial firms lead LinkedIn’s top companies in Singapore

LinkedIn unveils companies list where professionals advance the most. Financial institutions dominate LinkedIn’s 2024 Top Companies list for Singapore, comprising over half of the top 15. Notably, DBS ...

Posted on 16/04/2024

Singapore leads in accelerating decarbonization efforts in Southeast Asia: report

The state could expand the list of qualifying projects under its carbon tax regime. Singapore was among the Southeast Asian countries that made great strides in reducing carbon emissions last year, ...

Posted on 16/04/2024

Bitcoin halving may lead to some sales, Crypto.com CEO says

BITCOIN selling may become evident as the date of the so-called halving nears but the event is set to bolster the price of the largest digital asset longer term, according to the head of the ...

Posted on 16/04/2024

Singapore gives workers right to request 4-day weeks, more work from home under new flexitime guideline

Employees will also be entitled to ask for other arrangements such as flexible work locations and staggered work timings come the end of this year.

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