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Month: June 2024

Posted on 28/06/2024

Singapore offers carbon tax rebates of up to 76% for refiners, petrochemical firms, sources say

The tax concessions will help them ease cost strains and remain competitive versus rivals elsewhere. Read more at straitstimes.com.

Posted on 28/06/2024

TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With 20,000 Attendees And Over 500 Side Events

Set to welcome 20,000 attendees from over 150 countries, TOKEN2049 will return to Singapore once more, converging industry leaders and global cultural icons alike in Asia's leading economic hub to ...

Posted on 28/06/2024

3 Singapore REITs That Announced Divestments Recently: Should Income Investors Pay Attention?

Paragon REIT has a portfolio of five properties in Singapore and Australia. Just last week, the retail REIT announced the divestment of The Rail Mall for S$78.5 million. The property is a strip mall ... ( read original story ...)

Posted on 28/06/2024

Stocks to watch: OCBC, Great Eastern, Wing Tai, Yoma, No Signboard

Responding to queries from the Securities Investors Association (Singapore), or Sias, OCBC said Great Eastern’s listed status does “not affect” the close relationship between the bank and its ...

Posted on 28/06/2024

DBS Bank Eyed as Possible ‘Ether Whale’ Amid Crypto Market Surge

Discover how the rise of cryptocurrency is reshaping corporate norms and transferring DBS Bank and McDonald's in Singapore into the world of digital currency.

Posted on 28/06/2024

Turkey’s Simsek to speak at FATF watchdog meeting in Singapore, state media says

Turkish Finance Minister Mehmet Simsek will speak at the Financial Action Task Force meeting in Singapore, Turkish state media said on Thursday, ahead of a decision by the international crime watchdog ...

Posted on 28/06/2024

More than 110 suspicious bank accounts with over $400k blocked by UOB or seized by police

The operation was conducted by UOB and officers from the Anti-Scam Centre from June 17 to 24. Read more at straitstimes.com.

Posted on 28/06/2024

Singapore prime office rents hit pause after 3 years of non-stop growth: CBRE

Rents of Grade A offices in Singapore’s core central business district (CBD) held steady at $11.95 psf per month in the second quarter, pausing after rising non-stop for the past 12 quarters, ...

Posted on 28/06/2024

Singapore won best first-class airline in the world for its exclusive hotel-like Airbus A380 suite. Here’s what it’s like inside.

Singapore Airlines won the 2024 Skytrax award for the world's best first-class service. The airline's Airbus A380 planes sport a hotel-like suites that can convert into double rooms. The ...

Posted on 27/06/2024

OCBC stands by its Great Eastern offer, says it represents a ‘meaningful premium’

SINGAPORE – OCBC said on June 27 that its offer price of $25.60 a share in the bid to take its insurance arm Great Eastern Holdings (GE) private represents a “meaningful premium” for shareholders.

Posted on 27/06/2024

Great Eastern to delist only if in our interests and conditions acceptable: OCBC

GREAT Eastern’s offeror OCBC will only take the insurer private if the “conditions are acceptable and in the interests of OCBC and its shareholders”, said the bank in response to questions from the ...

Posted on 27/06/2024

More than 110 suspicious S’pore bank accounts with over S$400k blocked by UOB or seized by police

SINGAPORE: More than 110 suspicious bank accounts with over S$400,000 were blocked by UOB or seized by the police in a joint operation targeting money mules. The operation was conducted by the bank ...

Posted on 27/06/2024

Singapore Takes More Steps to Expand Asset Tokenization

The Monetary Authority of Singapore added to its list of partners including global industry associations and financial institutions to expand asset tokenization, according to a statement.

Posted on 27/06/2024

Singapore passport holders to enjoy short-term, visa-free travel to Timor-Leste under new agreement

SINGAPORE: Singapore passport holders can soon enjoy short-term, visa-free travel to Timor-Leste, following an agreement inked on June 27 between the two countries’ foreign ministers.

Posted on 27/06/2024

This Singapore-Based Brewery Is Making Moon-Powered Kombucha, Here’s Why

Moon Juice Kombucha, a microbrewery in Singapore, blends traditional brewing with modern wellness practices. Infusing mystical traditions into health brews, this company has captured widespread ...

Posted on 27/06/2024

Singapore Hosts FATF Plenary; PM Wong says ‘Asset Recovery A Priority’ In National Policy

One of the top business hubs in the world, with financial services being a key sector, Singapore “faces greater money laundering and terrorism financing risks”, said Prime Minister Lawrence Wong ...

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