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Month: July 2024

Posted on 10/07/2024

While Singapore scrutinises, Hong Kong wins back wealthy Chinese

It's a shift from the pandemic years when Hong Kong's strict quarantine and political upheaval led many to flock to Singapore Hong Kong is winning back wealthy Chinese by rolling out the red carpet ...

Posted on 10/07/2024

Banks in Singapore to phase out login OTPs for digital token users

Major banks in Singapore will phase out the use of one-time passwords (OTPs) for bank account logins by customers who are digital token users.

Posted on 10/07/2024

Singapore’s Hell Theme Park Dead Serious About Afterlife

Gory grottos with demons impaling sinners on stakes and people drowning in a pool of blood are not part of your average theme park experience.

Posted on 10/07/2024

Air freight rates in Singapore set to continue rising amid worldwide port congestion

Local firms are now paying up to 50 per cent more to ship goods by air instead of sea, in order to avoid months of shipping delays.

Posted on 10/07/2024

Is Shopee’s Mari Credit Card Singapore’s Best Unlimited Cashback Card?—MoneySmart Review (2024)

Who knew that Singapore’s highest-earning unlimited cashback card would come from…Shopee?  The Mari Credit Card is named after MariBank, Shopee’s digital bank. With this card, you can earn 5% ...

Posted on 10/07/2024

Port of Singapore congestion raising spot market prices, report finds

Port congestion in Southeast Asia is creating an imbalance of equipment, raising both local and global spot market pricing, according to a report by AlixPartners. The post Port of Singapore congestion ...

Posted on 10/07/2024

HSBC fined S$4.15M for offering incentives to unregistered intermediaries in MPF scheme

The MPFA highlighted that HSBC's actions “did not comply” with the Mandatory Provident Fund Schemes Ordinance's conduct requirements ...

Posted on 10/07/2024

P1-B moved from foreign banks to poll exec’s offshore accounts – Marcoleta

At least P1 billion worth of funds were transferred from different banks, including those based in South Korea, to 49 offshore accounts supposedly linked to a ...

Posted on 10/07/2024

DBS CEO says Trump will be open to cutting deals, which could suit China

SINGAPORE: DBS CEO Piyush Gupta said on Tuesday (Jul 9) that US presidential candidate Donald Trump, if he wins, would be open to cutting deals, which could suit China. Gupta, who made the comments in ...

Posted on 09/07/2024

Should I Refinance Now Or Hope Mortgage Rates in Singapore Drop in 2025?

Mortgage rates in Singapore have stabilised in 2024, after sharp spikes observed in the post-pandemic era. With the US Fed poised to cut rates four times in 2025, mortgage rates are expected to dip in ... ( read original story ...)

Posted on 09/07/2024

Singapore Exchange Has No Current Plans for Crypto Listings, CEO Says

The CEO of Singapore's primary bourse has said that current conditions are not ripe for the exchange to list any crypto products.

Posted on 09/07/2024

Singapore Exchange Ditches Bitcoin & Crypto ETF Listings, What’s Happening?

Singapore Exchange (SGX) currently has no plans to permit cryptocurrency listings, according to CEO Loh Boon Chye’s latest statement. This view ...

Posted on 09/07/2024

MALAYSIA FEST 2024 TO SHOWCASE LOCAL PRODUCTS IN SINGAPORE FROM JULY 25

The Malaysia Fest 2024 expo from July 25 to July 28 at the Singapore EXPO convention and exhibition centre will showcase a variety of Malaysian food, fashion, beauty and travel products. Federal ...

Posted on 09/07/2024

Singapore port congestion threatens to gum up global trade

Singapore is the world’s largest transshipment hub: the container port connects more than 600 ports from 123 countries and has an annual capacity of 50mn 20ft equivalent units, a measure of volume.

Posted on 09/07/2024

With The Stock Down 14% Year, Will Strong Singapore Business Drive LVS Stock Higher Post Q2?

Las Vegas Sands is expected to publish its Q2 2024 results around mid-July. We expect revenues to come in around $2.85 billion, about 11% higher than last year and..

Posted on 09/07/2024

Singapore stocks rally in tandem with most regional markets; STI closes 0.6% higher

SINGAPORE - The Straits Times Index (STI), cued by record-high closings on Wall Street overnight, rose 21.62 points or 0.6 per cent to 3,426.09 on July 9. The S&P 500 and Nasdaq closed 0.1 per cent ...

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