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Month: May 2024

Posted on 07/05/2024

Singapore stocks kicked off on Tuesday—STI up by 0.2%

SINGAPORE: Singapore stocks ... were gaining than losing in the broader market, with 55 gainers for every 36 losers, after 21 million securities valued at S$37.6 million changed hands. The most traded ...

Posted on 07/05/2024

Amazon’s AWS to invest nearly $9 billion in Singapore to grow cloud infrastructure

This comes after AWS pumped over SG$11 billion through 2023 into Singapore's cloud infrastructure and ecosystem.

Posted on 07/05/2024

OCBC remains stable amidst strong credit fundamentals: Moody’s

OCBC will remain stable at least until next year amidst projected strong credit fundamentals in 2024-2025, according to Moody’s.

Posted on 07/05/2024

Waterbomb Singapore 2024: Festival Dates, Line-Up, Tickets And More

Making its debut splash in Singapore this year is the iconic water music festival WATERBOMB. Originating from South Korea, the city-state will hold WATERBOMB SINGAPORE 2024 on 24 and 25 August 2024.

Posted on 07/05/2024

Crypto winter hits Crypto.com’s Irish entity as revenues plunge 80%

An Irish subsidiary of Singapore-based crypto asset exchange Crypto.com reported a nearly 80 per cent drop in revenues for 2022 amid a collapse in trading volumes and asset prices following a number ...

Posted on 07/05/2024

Amazon says will invest $9 billion in Singapore

Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city. Microsoft pledged US$2.2 billion in artificial ...

Posted on 07/05/2024

Singapore court sentences cleaner to jail for taking photos of mentally incapacitated man’s genitals at a home for the disabled

Knowing that a male resident at a home for the disabled was mentally incapacitated, a 60-year-old cleaner at the home photographed the victim’s ...

Posted on 07/05/2024

Amazon to spend $9 bln to expand cloud infra in Singapore, Bloomberg News reports

Amazon.com Inc. plans to spend $9 billion in expanding its cloud computing infrastructure in Singapore, Bloomberg News reported on Monday.

Posted on 07/05/2024

Amazon Commits $9 Billion to Double Singapore Cloud Investment

Amazon.com Inc. plans to spend $9 billion expanding its cloud computing infrastructure in Singapore, the latest global tech company to boost investment in Southeast Asia.

Posted on 07/05/2024

Singapore’s Public Toilets Taskforce kicks off discussions to clean up dirty loos

A government taskforce to battle dirty public toilets is now in full force. The goal is to improve cleanliness at common toilets, especially those found at coffee shops and hawker centres. The ...

Posted on 07/05/2024

Singapore Stock Market May Find Additional Support On Tuesday

The Singapore stock market rebounded on Monday, one session after ending the three-day winning streak in which it had risen more than ...

Posted on 07/05/2024

Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs

SINGAPORE -- The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York's Nasdaq via a merger with a ...

Posted on 07/05/2024

Singapore shares rise at Tuesday’s open tracking global rally; STI up 0.2%

SINGAPORE stocks entered Tuesday (May 7) morning slightly stronger following overnight gains on Wall Street and Europe brought about by optimism over potential rate cuts by central banks. Read more at ...

Posted on 07/05/2024

2 men convicted in $3b money laundering case deported to Cambodia, barred from re-entering Singapore

SINGAPORE - Two men convicted in Singapore's largest money laundering case were deported to Cambodia on Monday (May 6). Su Wenqiang and Wang Baosen, both 32, will be barred from re-entering Singapore, ...

Posted on 07/05/2024

Singapore Airlines signs historic deal to buy 1,000 tonnes of sustainable jet fuel from Finland’s Neste

Sustainable aviation fuel is made from 100 per cent renewable waste and residue raw materials and cut greenhouse gas emissions by up to 80 per cent, Neste said Singapore said in February it would ...

Posted on 07/05/2024

No shortage of candidates to be Singapore’s next finance minister

DEPUTY Prime Minister Lawrence Wong will soon announce his new Cabinet, a few days before he is sworn in as Singapore’s fourth prime minister on May 15. Read more at The Business Times.

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