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Month: July 2024

Posted on 05/07/2024

S’pore draws just one IPO, Malaysia leads South-east Asia listings in first half of 2024

Singapore Institute of Advanced Medicine's US$20m is the smallest amount from an IPO in the region this year. Read more at straitstimes.com.

Posted on 05/07/2024

Hong Kong fines DBS Bank $1.3 M in money laundering scandal

The Hong Kong Monetary Authority has fined DBS Hong Kong HK$10 million for multiple breaches of anti-money laundering laws over a seven-year period.

Posted on 05/07/2024

Singapore to waive registration fee for short-term EV charger use

THE Singapore government is reducing the regulatory burden and lowering costs for businesses by making the application process for licences and regulatory approvals faster and better, said Minister ...

Posted on 05/07/2024

HSA Seizes 350,000 E-Vaporisers And Components Worth Over SGD 6 Million, Disrupts Largest Distribution Network In Singapore

Penalties for such offences in Singapore The HSA said it has seized more than SGD ... it is an offence under the Tobacco (Control of Advertisements and Sale) Act to import, distribute, sell or offer ...

Posted on 05/07/2024

Singapore remains committed to support SMEs: Chee Hong Tat

Singapore will keep supporting small and medium enterprises (SMEs) and help them expand here and overseas, said Transport Minister Chee Hong Tat on July 5. Read more at straitstimes.com.

Posted on 05/07/2024

Safety lapses found on Dutch dredging boat involved in Singapore oil spill

SINGAPORE: Serious lapses relating to fire safety and life-saving equipment aboard Netherlands-flagged dredger Vox Maxima were uncovered during an inspection by Singapore’s port authority in the wake of the worst oil spill here in a decade.

Posted on 05/07/2024

S’pore draws just one IPO, Malaysia leads Southeast Asia listings in first half of 2024

making Singapore the worst-performing market in South-east Asia for initial public offerings (IPO). The dismal result came in spite of intensified efforts to revitalise the Singapore Exchange (SGX), ...

Posted on 05/07/2024

Hong Kong fines DBS Bank $1.3 million for money-laundering breaches

The Hong Kong Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday. The HKMA ...

Posted on 05/07/2024

The Big Read: Singapore writers are going places but what’s the next chapter for SingLit?

In 2020, in the throes of the Covid-19 pandemic, Singaporean Kyla Zhao felt terribly isolated and homesick as a student at Stanford University in the United States.

Posted on 05/07/2024

DBS fined by Hong Kong for violating anti-money laundering rules

DBS Group Holdings was fined HK$10 million (S$1.72 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations. Read more at The ...

Posted on 05/07/2024

Hong Kong fines DBS over breaching anti-money laundering rules

HONG KONG/SINGAPORE, July 5 (Reuters) - The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong's banking regulator for violating ...

Posted on 05/07/2024

Singapore stocks with British portfolios end mixed on Friday

Labour opposition unseated the Conservatives after 14 years, winning at least 412 of the 650 seats in parliament as at 6.35 pm Singapore time. Outgoing prime minister Rishi Sunak has conceded the ...

Posted on 05/07/2024

Singapore shares open lower on Friday—STI dropped 0.2%

SINGAPORE: Singapore shares open lower on Friday, July 5, even as European markets posted gains overnight. The Business Times reported that the Straits Times Index (STI) was down by 0.2%, dropping ...

Posted on 05/07/2024

Singapore stocks fall in tandem with regional indices; STI down 0.9%

SINGAPORE – Local shares went south on July 5 with investors ... DBS fell 1.5 per cent to $37.42; OCBC fell 1 per cent to $15; and UOB was down 0.2 per cent to $32.50. THE BUSINESS TIMES Join ST's ...

Posted on 05/07/2024

4 Reliable Singapore Dividend Stocks That I Never Intend to Sell

Singapore Exchange Limited ... VICOM’s final dividend was reduced from S$0.0332 to S$0.0275 as the group needed to retain cash for a major investment in a new test and inspection centre at Jalan Papan ...

Posted on 05/07/2024

Foxconn plans to invest up to $551mn more in Vietnam as it continue to moves away from China

Foxconn Singapore has been granted a license to invest $551 million in two significant projects aimed at producing smart entertainment products and smart-system equipment in Vietnam’s northern provinc ...

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