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Month: July 2024

Posted on 08/07/2024

Singapore companies listed in US struggle post H1 IPO

EVEN as many initial public offering (IPO) aspirants seek to list in the US, the recent experience of some Singapore companies has been less than positive. Read more at The Business Times.

Posted on 08/07/2024

Singapore Money Laundering Scandal: Single-Family Offices Linked to Major Money Laundering Case

Singapore, renowned for its robust financial sector and stringent regulatory framework, has been thrust into its largest-ever money laundering scandal, involving six single-family offices (SFOs) and a ...

Posted on 08/07/2024

Volt Singapore to operate big EV charging hub

Volt Singapore was awarded a contract to implement and operate a public EV fast-charging hub at Jalan Papan by Setsco Services Pte Ltd (Setsco), a wholly owned subsidiary of VICOM Ltd (VICOM). Setsco ...

Posted on 08/07/2024

OCBC launches first comprehensive financial and personal wellness programme

The programme designed for the 35,000 property agents currently in Singapore, is valued at up to $5,000 a year per agent.

Posted on 08/07/2024

HKMA fines DBS S$1.7M for repeated anti-money laundering failures

SINGAPORE: The Hong Kong Monetary Authority (HKMA) has fined the local arm of Singapore’s DBS Bank HK$10 million (approx. S$1.7 million) for repeated failures in anti-money laundering (AML) and ...

Posted on 08/07/2024

Huawei recognised as one of Singapore’s Digital for Life champions

Huawei has been recognised for its efforts in championing Singapore’s Digital for Life (DfL) movement, which aims to help Singaporeans embrace digital as a lifelong pursuit and enrich their lives ...

Posted on 08/07/2024

71% of large Singapore listcos aim for net zero emissions by 2050, but more interim targets needed: study

SOME 71 per cent of billion-dollar issuers on the Singapore Exchange (SGX) have set a target to hit net-zero emissions by 2050 or earlier, shows a study released on Monday (Jul 8). Read more at The ...

Posted on 08/07/2024

NTU Singapore scientists develop ‘band-aid’ that measures glucose levels in sweat using microlaser technology

Scientists from Nanyang Technological University, Singapore (NTU Singapore) have developed a ‘band-aid’ or plaster that measures body ‘biomarkers’ ...

Posted on 08/07/2024

Citigroup Cuts 500 Jobs in Singapore as Part of Global Strategy

Citigroup Inc. has laid off about 500 employees as part of a global restructuring effort and now has about 8,000 employees.

Posted on 08/07/2024

Singapore shares open lower on Monday—STI fell by 0.2%

SINGAPORE: Singapore shares opened lower on Monday, July 8, continuing the decline from the previous... The post Singapore shares open lower on Monday—STI fell by 0.2% appeared first on The Independen ...

Posted on 08/07/2024

Import, sale & consumption of some insects including crickets & mealworms allowed in S’pore from Jul. 8

As of Jul. 8, 2024, the Singapore Food Authority (SFA) will allow the import, sale, manufacturing, processing, and farming of select insect species assessed to be safe for human consumption. To ensure ...

Posted on 08/07/2024

Bombay High Court Quashes Customs Duty Reassessment Against Patanjali Foods On Crude Palm Oil Import

The Bombay High Court has quashed the customs duty reassessment against Patanjali Foods on the import of crude palm oil for home consumption.The Bench of Justice K. R. Shriram and Justice ...

Posted on 08/07/2024

‘Disgusted’ Singapore TikTokker exposes sexual photo shoot recruitment scheme

Lai Yi Jing, 21, said she was offered nearly US$9,000 to appear in a photo shoot with 50 men performing a sexual act.

Posted on 08/07/2024

MOM Singapore reinforces consequences facing employers for failure or delay in issuing itemised pay slips

In the event of any repeat offenders, MOM will issue caution letters and, if needed, impose an administrative penalty of up to S$400 per repeated infringement.

Posted on 08/07/2024

Singapore FinTech Festival 2024 to take place from 6-8 November, spotlight on artificial intelligence and quantum technology

Elevandi, and Constellar, in collaboration with The Association of Banks in Singapore, SFF 2024 will examine the transformative potential of artificial intelligence (AI) and quantum computing in ...

Posted on 08/07/2024

Citibank Singapore downsized staff by 500 jobs

SINGAPORE: Citigroup’s workforce in Singapore has decreased by 500 people. Last October, the US investment bank and financial services company employed 8,500 full-time and contract staff, which has ...

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