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Month: June 2024

Posted on 11/06/2024

Singapore businesses targeted by ransomware hackers demanding crypto

Akira - a ransomware hacker group -that extorted $42 million from over 250 organizations across North America, Europe, and Australia within a year, is now actively targeting businesses in Singapore, ...

Posted on 11/06/2024

Navigating Compliance: Family Offices and Hedge Funds in Singapore’s Financial Landscape

Its strategic location, robust regulatory framework, and business-friendly environment have attracted a steady influx of foreign wealth, including family offices and hedge funds seeking opportunities ...

Posted on 11/06/2024

Singapore Airlines Offers Compensation to Passengers Injured on Turbulent Flight

KUALA LUMPUR, Malaysia — Singapore Airlines said Tuesday it has offered compensation to passengers of a flight that hit extreme turbulence last month, in a rare case that killed one passenger and injured dozens. The Being 777 jet, carrying 211 passengers ...

Posted on 11/06/2024

Major Singapore Airlines update after 73-year-old Brit died in horror turbulence

A 73-year-old British passenger died and dozens more were injured as a result of the terrifying ordeal. In a Facebook post, the airline announced it will pay out US$10,000 (£7,800) to those who sustained minor injuries.

Posted on 11/06/2024

Singapore to trial battery swapping and mobile charging for electric heavy goods vehicles

SINGAPORE will begin trials for battery charging and swapping and mobile charging systems for electric heavy goods vehicles (eHGVs) in the second half of 2024, said the Land Transport Authority (LTA) ...

Posted on 11/06/2024

Singapore Smart Home Appliances Market Revenue, Price, Growth Rate, Forecast To 2032

report_id=bwcc17960 Singapore Smart Home Appliances Market – By Technology: On the basis of technology, Singapore smart home appliances market is divided into Wi-Fi, Radio Frequency Identification ...

Posted on 11/06/2024

UOB Thailand appoints Richard Maloney as CEO

SINGAPORE - UOB appointed Richard Maloney as the new chief executive officer of its Thailand operations, effective July 1. Mr Maloney will succeed Tan Choon Hin, who will return to Singapore to be ...

Posted on 11/06/2024

UOB Thailand appoints new chief executive

UOB appointed Richard Maloney as the new chief executive of its Thailand operations, effective Jul 1. Read more at The Business Times.

Posted on 11/06/2024

Banks in Singapore tighten management after 3-billion-USD money laundering case

Banks in Singapore, including Citigroup and DBS Group Holdings, are ramping up scrutiny of their wealthy customers and potential clients to avoid exposure to illicit flows.

Posted on 11/06/2024

Citi, DBS Reportedly Entangled in Singapore’s Money Laundering Case

Citi (C.US) and DBS, which are entangled in Singapore's biggest money laundering scandal, are stepping up scrutiny of wealthy clients and potential customers to avoid illicit m... Private bankers at a ...

Posted on 11/06/2024

Vietnam to let companies import gold for first time in years, industry official says

SINGAPORE — Vietnam is expected to allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international benchmarks, an ...

Posted on 11/06/2024

Singapore shares rose again on Tuesday—STI rose by 0.2%

SINGAPORE: Singapore shares rose again on Tuesday, June 11, influenced by slight gains in US stocks the previous day. The Business Times reported that the Straits Times Index (STI) rose by 0.2%, ...

Posted on 11/06/2024

Cellular IoT Module Shipments and Revenue Decline

Higher-speed IoT devices still primarily use LTE Cat-4 and higher Cat LTE-A technologies but ... Sigfox, under the management of Singapore-based UnaBiz since 2022, saw its installed base of devices ...

Posted on 11/06/2024

Daily Cuts – Rising rent and space constraints at Singapore’s student hostels

Prices of student hostels here have been on the rise, with the highest increase so far seen for units at the Singapore University of Technology and Design. Rachael Anthony, CNA938 intern, a returning ...

Posted on 11/06/2024

Singapore is set to lead the gold market as ‘center of gravity’ shifts east, World Gold Council says

Singapore is set to become a leading gold hub as trading shifts east, said the World Gold Council's Head of Asia-Pacific and Global Head of Central Banks, Shaokai Fan. The country's proximity to these ...

Posted on 11/06/2024

Singapore Airlines offers $10,000 to passengers hurt by turbulence

Singapore Airlines said Tuesday it has offered $10,000 compensation to passengers who suffered minor injuries on a flight hit by violent turbulence last month and will discuss higher payouts with ...

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