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Month: May 2024

Posted on 08/05/2024

Singapore government briefings for international banks not ‘unusual’ as asserted in FT article: Indranee

In an Apr 20 article, the Financial Times reported that Singapore had given international banks an "unusual series of top-level briefings on geopolitics".

Posted on 08/05/2024

IRAS to claw back S$60 million from private property buyers who used ’99-to-1′ scheme to reduce ABSD

SINGAPORE: The Inland Revenue Authority of Singapore (IRAS) has found 166 cases of private property purchases involving the “99-to-1” scheme to avoid paying the additional buyer’s stamp duty (ABSD). ( read original story ...)

Posted on 08/05/2024

Singaporean property services provider signs deal with local realty firm

APAC Realty, a leading Singapore-based real estate services provider under the ERA brand, has just closed a game-changing franchise deal with homegrown firm Upper Room Realty to form ERA Philippines, ... ( read original story ...)

Posted on 08/05/2024

Standard Chartered readies debut euro covered bond

Standard Chartered Bank is set to issue its first euro covered bond — a three to five year benchmark issued through its Singaporean branch. “Everyone knows the name,” said a syndicate banker close to ...

Posted on 08/05/2024

DBS CEO Piyush Gupta sells $2.7 million worth of bank shares

SINGAPORE - DBS chief executive officer Piyush Gupta has gained $2.7 million after selling 75,000 of his shares in the bank, according to a filing on the Singapore Exchange on May 7. The transaction ...

Posted on 08/05/2024

AI lacks judgement to set interest rates, Singapore central bank head says

Artificial intelligence lacks the human judgement skills needed to set interest rates, the head of the Monetary Authority of Singapore said on Monday. But AI could make it easier for criminals to ...

Posted on 07/05/2024

In Data: Global cloud industry set to exceed $1.4trn by 2027 as AWS doubles Singapore cloud investment

The global cloud industry is set to exceed $1.4trn by 2027 according to research and analysis company GlobalData as news comes today (7 May) that Amazon Web Services (AWS) will double its investment ...

Posted on 07/05/2024

Singapore is world’s 4th wealthiest city, overtaking London: Report

Singapore has become one of the world’s top destinations for migrating millionaires. Read more at straitstimes.com.

Posted on 07/05/2024

WP’s Louis Chua explains why $1 is worth less in Singapore than elsewhere

SINGAPORE: Workers’ Party MP Louis Chua posted an interesting question on Facebook on Tuesday morning... The post WP’s Louis Chua explains why $1 is worth less in Singapore than elsewhere appeared fir ...

Posted on 07/05/2024

Singapore stocks end lower even as regional markets rally; STI slips 0.1%

SINGAPORE shares closed lower on Tuesday (May 7), bucking a regional rally and overnight gains in the US. Read more at The Business Times.

Posted on 07/05/2024

Singapore takes the crown for offering highest average annual salary in Asia

SINGAPORE: When it comes to the highest yearly salaries in Asia, Singapore is ranked number... The post Singapore takes the crown for offering highest average annual salary in Asia appeared first on T ...

Posted on 07/05/2024

KING, QUEEN BRIEFED ON PROGRESS OF RTS LINK PROJECT IN SINGAPORE

SINGAPORE, May 7 (Bernama) -- His Majesty Sultan Ibrahim and Her Majesty Raja Zarith Sofiah, the King and Queen of Malaysia were briefed on the progress of the Johor Bahru-Singapore Rapid Transit System Link (RTS Link) project at the Woodlands North MRT station here today.

Posted on 07/05/2024

Singapore: Two men convicted in S$3bil money laundering case deported to Cambodia

SINGAPORE (The Straits Times/ANN): Two men convicted in Singapore’s largest money laundering case were deported to Cambodia on Monday evening. Su Wenqiang and Wang Baosen, both 32, will be barred from ...

Posted on 07/05/2024

The Ultimate List of Credit Card Reviews in Singapore (2024)

In today's dynamic world of personal finance, selecting the perfect credit card has become an essential skill. With a myriad of options available, each promising unique benefits and rewards, ...

Posted on 07/05/2024

OCBC Cycle: Road closures on May 11 & 12 for Singapore’s largest mass cycling event

SINGAPORE: The OCBC Cycle will begin this Saturday (May 11), and more than 7,000 cyclists are expected to participate. Being Singapore’s largest mass cycling event, it also aims to provide “a safe ...

Posted on 07/05/2024

Singapore stocks end lower, bucking regional upbeat trend

SINGAPORE - Shares in Singapore closed lower on May 7 ... The local banks ended the day mixed, with UOB and OCBC Bank slipping $0.01 each, but DBS Bank shares finished higher, rising $0.12 to $35.93.

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