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Month: July 2024

Posted on 16/07/2024

Singapore will keep pursuing 1MDB fugitive Jho Low, police say

The assets involved include artworks by Andy Warhol and Claude Monet, cash in bank accounts in Hong Kong, Switzerland and Singapore and properties in Singapore and elsewhere. Join ST's Telegram ... ( read original story ...)

Posted on 16/07/2024

Lessons from OCBC’s offer for Great Eastern: be unafraid to hold out, but do so with eyes open

MUCH has been said about what ails the local bourse and numerous suggestions have been put forward regarding how to inject vibrancy into Singapore’s stock market. Read more at The Business Times.

Posted on 16/07/2024

MAS seen loosening policy in October as disinflation stalls: UOB

Core inflation to start easing drastically in Q1 2025. Analysts expect normalization of Singapore's monetary policy via a slight slope reduction will only likely happen in October due to delayed ...

Posted on 16/07/2024

Tight financial conditions to weigh on GDP growth this year: UOB

Rate cuts could stimulate investment and boost consumption overseas. Tight financial conditions globally will continue to weigh on Singapore’s externally oriented sectors for the remainder of the year ...

Posted on 16/07/2024

HSBC launches new climate-focused infrastructure finance unit

Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a ...

Posted on 16/07/2024

UOB Kay Hian raises CICT’s TP to $2.29 following continued enhancement of retail malls

Most notably, CICT’s has commenced its asset enhancement initiatives (AEI) at Level 1 of IMM Building, set for completion in 2025.

Posted on 16/07/2024

UOB remains positive on Vietnam’s economic growth prospects

VOV.VN - The recovery of external and domestic demand, as well as the manufacturing sector, have supported the Vietnamese economy to grow stronger than expected in the first half of 2024.

Posted on 16/07/2024

Declines in DBS, OCBC weigh on STI, which closes marginally down

SINGAPORE - The Straits Times Index (STI) closed at 3,487.91 on July 16, down 11.98 points or 0.3 per cent, as declines in the shares of DBS Bank and OCBC Bank weighed on the benchmark’s performance.

Posted on 16/07/2024

Environmental approval granted for Australian plan to export solar electricity to Singapore

Authorities in Australia's Northern Territory (NT) on Tuesday granted environmental approval for the world's largest renewable energy and transmission project.

Posted on 16/07/2024

Aussie plan to export solar power to S’pore receives environmental approval

CANBERRA: Authorities in Australia's Northern Territory (NT) have granted environmental approval for SunCable's Australia-Asia PowerLink (AAPowerLink) project, the world's largest renewable energy and ...

Posted on 16/07/2024

S’pore economy saw better-than-expected growth of 2.9% in Q2; Q1 growth revised up to 3%

Analysts upgraded their 2024 Singapore growth forecasts after the data release. Read more at straitstimes.com.

Posted on 16/07/2024

Singapore’s H1 private home sales plunged to record low, weakest first half since 2004

This latest tally is even lower than the sales recorded during the global financial crisis and the COVID-19 pandemic ...

Posted on 16/07/2024

$460K outstanding fines collected by Singapore authorities came from 188 foreign motorists

SINGAPORE: Authorities in Singapore recently recovered over $460,000 from 188 foreign motorists from a multi-agency operation earlier this month, agencies said in a joint news release. The Traffic ...

Posted on 16/07/2024

Singapore and US strengthen defence ties with new AI agreement

It builds on the long-standing cooperation between Mindef and the US Department of Defence on technology. Read more at straitstimes.com.

Posted on 16/07/2024

Complex eKYC Hinder Singapore’s Digital Banking Adoption, Says FICO

FICO unveiled its latest research, highlighting that complex identity checks are stalling Singapore's digital banking progress.

Posted on 16/07/2024

Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia

A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a ...

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