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Month: September 2024

Posted on 25/09/2024

Singapore stocks extend losses despite a broader market rally; STI down 1.1%

The Straits Times Index (STI) declined 1.1 per cent or 39.47 points to 3,583.27, although gainers beat losers 302 to 289 on trade of 1.4 billion securities worth $1.4 billion. Mapletree Pan Asia ...

Posted on 25/09/2024

Singapore’s apex business chamber leads delegation to 21st China-Asean Expo in Nanning

SINGAPORE is continuing its efforts to bolster trade and investment ties with China and Asean countries, with the Singapore Business Federation (SBF) leading a delegation to the China-Asean Expo in ...

Posted on 25/09/2024

5% increase in non-residents propels Singapore’s population to hit record 6 mil in June 2024

For the first time in the nation’s history, Singapore’s total population passed the six million threshold.  This landmark milestone was recorded in June by the National Population and Talent Division (NPTD) in its annual Population in Brief (PIB).

Posted on 25/09/2024

DBS moving to raise China securities joint venture stake to 91%, CEO says

DBS Group Chief Executive Piyush Gupta said on Wednesday (Sep 25) it is in the process of increasing ownership in its China securities joint venture to 91 per cent from 51 per cent. The comments came ...

Posted on 25/09/2024

Tax incentives in the Forest City Special Financial Zone could position Johor as a thriving financial hub

Kenanga Research noted that the tax incentives were highly competitive, especially compared to Singapore's corporate tax rate of 17% ...

Posted on 25/09/2024

Singapore places fourth in world financial centres ranking, ahead of San Francisco, Shanghai

New York and London took the top two spots respectively in the latest Global Financial Centres Index released Sept 23. Hong Kong ranked third, reclaiming the position of Asia’s top financial centre ...

Posted on 25/09/2024

Singapore dollar trades at a fresh 10-year high of S$1.28 against the greenback

RECENT weakness in the US dollar has spurred strength in the Singapore currency, a development that spells good news for Singaporeans going on holiday and for importers. At around S$1.28 per US dollar,

Posted on 25/09/2024

Singapore’s war on rats goes futuristic: Thermal cameras and AI to the rescue!

Armed with AI sensors, thermal cameras and cutting-edge surveillance, Singapore is turning its fight against rats into a high-tech showdown that’s straight out of science fiction ...

Posted on 25/09/2024

Singapore stocks declined on Wednesday—STI fell by 0.4%

The Straits Times Index (STI) fell by 0.4%, or 14.52 points, to 3,608.22 by 9:02 am, as reported by The Business Times. In the broader market, 90 stocks gained, while 40 declined after a total of 56.8 ...

Posted on 25/09/2024

Intergenerational co-living: A new housing option for seniors in Singapore?

Such arrangements are growing in popularity as people realise that "seniors and the young do have things that they can learn from each other and can support each other with”, says a researcher. ( read original story ...)

Posted on 25/09/2024

Singapore bank UOB trims Vietnam’s 2024 growth forecast to 5.9% on typhoon Yagi

Singapore-based United Overseas Bank (UOB) has revised down its GDP growth forecast for Vietnam by 0.1 percentage point to 5.9% this year due to the damage caused by super typhoon Yagi.

Posted on 25/09/2024

Singapore’s Climate Envoy Sees Green Stimulus Stoking Inflation

Global incentives to galvanize demand for green assets are contributing to inflation in the short term, as supply for renewable energy and other clean technologies expand more slowly, according to Singapore’s climate action ambassador,

Posted on 25/09/2024

Singapore AGC amends corruption charges against former minister Iswaran, citing challenges in establishing original claims

General’s Chambers (AGC) expressed concerns yesterday about the challenges of proving corruption charges against former

Posted on 25/09/2024

4 Singapore Blue-Chip Stocks Punching Through Their All-Time Highs: Are They a Screaming Buy?

It’s not often that stocks surpass their all-time highs, but does this achievement make them a compelling buy? The post 4 Singapore Blue-Chip Stocks Punching Through Their All-Time Highs: Are They a ...

Posted on 25/09/2024

Singapore’s Population Tops 6 Million as Non-Residents Swell

Singapore’s population crossed six million for the first time, as the percentage of non-residents increased more than that of residents, a government report showed.

Posted on 25/09/2024

ADB upgrades Singapore’s 2024 economic growth outlook on rising chip exports

It expects all-items headline inflation in Singapore will ease to 2.6 per cent. Read more at straitstimes.com.

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