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Month: July 2024

Posted on 31/07/2024

HSBC plans another $3 billion stock buyback as CEO Noel Quinn prepares to leave

The London-headquartered bank beat expectations on a bumper result from its wealth-management arm as it launched another $3 billion share-buyback plan ...

Posted on 31/07/2024

‘As yet, there are no credits’: Singapore launches new alliance to source Article 6 offsets for high-emitters

Through the Singapore Carbon Market Association, the country aims to increase the supply of carbon credits that firms can use to offset taxable emissions, says government official.

Posted on 31/07/2024

Singapore to Start Passport-Less Immigration Clearance

Singapore will start passport-less immigration clearance at Changi Airport from August, the latest step by the Asian city-state to provide hassle-free travel in one of the world’s busiest hubs.

Posted on 31/07/2024

Sailing-Formula One meets chess for Singapore’s Maeder in kite medal quest

Driving a racing car while playing chess is how Singapore's Max Maeder sums up "flying" on a foiling kiteboard at speeds of up to 80 kilometres per hour in Olympic sailing's newest event.

Posted on 31/07/2024

Singapore and US sign civil nuclear technology deal

Singapore Foreign Affairs Minister Vivian Balakrishnan and US Secretary of State Antony Blinken signed the 123 Agreement on Wednesday. The 30-year pact, which is likely to be enforced by end-2024 ...

Posted on 31/07/2024

Brainstorm AI Singapore 2024: AI will have a $1 trillion impact in Southeast Asia, says Microsoft Asia president

Arvind JAIN, Glean, Ahmed MAZHARI, Microsoft Asia, Suthen Thomas PARADATHETH, Grab, Stephanie SY, Thinking Machines, Ayesha KHANNA, Addo AI ...

Posted on 31/07/2024

Singapore Airlines warns of pressure on passenger yields due to stiff competition

(Reuters) -Singapore Airlines on Wednesday warned that a key revenue metric would remain under pressure this year as rising competition crimps average fares and higher fuel costs dent profits. Airlines globally have been increasing the number of flights and routes to cater to robust air travel demand,

Posted on 31/07/2024

Singapore’s Nur Muhammad Asis makes history in signing for Portugal’s Estrela da Amadora

Nur Muhammad Asis has become the first Singaporean to sign professional terms with a Portuguese top-flight club after moving from Lion City Sailors to Primeira Liga outfit Estrela da Amadora. The initial one-year loan deal -- which will run through to June 2025 -- was announced on Wednesday and will primarily see Asis feature for ...

Posted on 31/07/2024

Reformative training for 21-year-old who sold Singpass info to write off S$1,000 in loan, stole bicycles in Bukit Batok

Unable to repay a loan that he had taken, Ng Zheng Quan agreed to give the moneylender his Singpass login details, in exchange for having S$1,000 written off from his loan.

Posted on 31/07/2024

New savings account for newborns under Baby Bonus scheme from July 1

The savings account is in addition to the existing Child Development Account (CDA), which is used for education and healthcare expenses. Read more at straitstimes.com.

Posted on 31/07/2024

Singapore, Asia markets react to BOJ rate hike; STI rises 0.4%

The local banks rose: DBS was up 0.1 per cent to $36.59; OCBC climbed 0.3 per cent to $14.85; and UOB, which releases second-quarter results on Aug 1, added 0.3 per cent to $32.35. THE BUSINESS TIMES ...

Posted on 31/07/2024

Singapore signs pact with US to deepen understanding of nuclear reactors, safety

SINGAPORE: Singapore and the United States on Wednesday (July 31) inked a 30-year agreement that will allow the Republic to learn more about the latest nuclear technologies and scientific research ...

Posted on 31/07/2024

Singapore Airlines reports lower first-quarter profit

Singapore Airlines reported a 38.4% fall in first-quarter net profit on Wednesday, hurt by lower yields and a rise in fuel costs.

Posted on 31/07/2024

Exclusive-New US rule on foreign chip equipment exports to China to exempt some allies, sources say

The Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor manufacturing equipment from some foreign countries to Chinese chipmakers, ...

Posted on 31/07/2024

Manufacturing and services firms in Singapore upbeat about second half of 2024: Surveys

This is on the back of growing demand in semiconductors, increased travel and consumer spending. Read more at straitstimes.com.

Posted on 31/07/2024

TikTok-owner ByteDance’s Singapore workers suffer mass food poisoning

An office of TikTok-owner ByteDance in Singapore was hit by a mass food poisoning incident on Tuesday, according to local authorities.

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