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Month: June 2024

Posted on 26/06/2024

OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside

Among OCBC Investment Research’s table of 14 “selective stock investment ideas”, two are not STI constituents.

Posted on 26/06/2024

Singapore stocks inch up on June 26 as May factory output beats forecasts

SINGAPORE – Investors latched on to news that Singapore’s factory output beat forecasts in May to nudge local shares higher on June 26. The benchmark Straits Times Index (STI) rose 0.2 per cent or ...

Posted on 26/06/2024

Challenges to Singapore’s semiconductor surge: high costs, limited space and regional rivalries

Singapore is attracting major semiconductor investments, thanks to its strong labor force, advanced research capabilities, and solid manufacturing infrastructure.

Posted on 26/06/2024

Its advantage Singapore over Cayman Islands under new RBI rules

Singapore is set to emerge as the preferred jurisdiction over the current favourite Cayman Islands for outward remittances following the recent relaxation in rules by the Reserve Bank of India (RBI), ...

Posted on 26/06/2024

Asset recovery a priority in Singapore’s national anti-money laundering regime: PM Wong

said the Finance and Home Affairs ministries and the Monetary Authority of Singapore in a joint statement on June 26. The CPC empowers the authorities to order any individual or entity to produce ...

Posted on 26/06/2024

Singapore announces seizing over $4 billion in dirty money since 2019

Prime Minister Lawrence Wong said he was determined to 'safeguard Singapore's reputation as a trusted financial center,' after a dirty money scandal marred the Southeast Asian country's reputation ...

Posted on 26/06/2024

Bybit Surpasses Coinbase to Become the World’s Second-Largest Crypto Exchange by Volume: Kaiko

The Singapore-based crypto exchange Bybit has flipped US-based Coinbase to become the world’s second-largest second-largest crypto exchange.

Posted on 26/06/2024

Singapore factory output beats forecasts with 2.9% rise in May on electronics rebound

SINGAPORE - Singapore’s manufacturing output turned positive ... Within the cluster, the output of the medical technology segment increased 7.8 per cent on account of higher exports of medical devices ...

Posted on 26/06/2024

Determined to respond to financial crime risks: Singapore PM Wong

Singapore published a national asset recovery strategy report as part of its efforts to enhance its anti-money laundering ...

Posted on 26/06/2024

Singapore’s anti-money laundering efforts led to seizure of S$6bil in criminal proceeds since 2019

said the Finance and Home Affairs ministries and the Monetary Authority of Singapore in a joint statement on June 26. The CPC empowers the authorities to order any individual or entity to produce ...

Posted on 26/06/2024

Singapore unveils asset recovery strategy to protect its financial crown jewel

The city state is determined to combat money laundering and terrorism financing to safeguard its reputation, PM Lawrence Wong said.

Posted on 26/06/2024

Lessons from S$3b money laundering case will strengthen Singapore’s approach to tackling threat: PM Wong

In his first comments on the case since it concluded, Mr Wong, who is also Finance Minister, said: “Our approach has enabled us to take quick and strong enforcement action against criminals who try to ...

Posted on 26/06/2024

Singapore the costliest city for wealthy individuals to ‘live extremely well’: report

Singapore is ranked as the most expensive city to “live extremely well,” according to a report by Swiss bank Julius Baer on the cost of living for high-net-worth individuals.The city-state held on to ... ( read original story ...)

Posted on 26/06/2024

Changi Business Park, International Business Park ‘hollowing out’ but UOBKH still likes these two S-REITs

Occupancy for Singapore’s business parks has languished, falling 8.0 percentage points to 79.1% over the past three years.

Posted on 26/06/2024

Singapore shares began muted on Wednesday—STI slightly down by 0.04%

SINGAPORE: Singapore shares began muted on Wednesday, June 26, following a mixed outcome in US equities overnight and negative results in European markets. The Business Times reported that the Straits ...

Posted on 26/06/2024

Daily Cuts – How Singapore ended up on a list of countries flouting YouTube rules

Singapore is among the top 10 nations that have had the most number of “objectionable” video content removed from YouTube, according to a Google survey. Asia First's Andrea Heng and Hairianto Diman ...

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