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Month: November 2024

Posted on 22/11/2024

Morgan Stanley opens new Southeast Asia headquarters in Singapore

Morgan Stanley said it opened its new Southeast Asia headquarters in Singapore's swanky downtown business district this week.An expanding list of global investors and financial institutions have ...

Posted on 22/11/2024

CapitaLand Warns of China Losses as Singapore Property Investor Cuts Exposure

CapitaLand Investment Ltd., one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis. ( read original story ...)

Posted on 22/11/2024

Singapore’s residential market expects boost in sales, prices in Q4

Strong demand for newly launched residential projects in Singapore may boost primary sales and overall property prices in the fourth quarter. ( read original story ...)

Posted on 22/11/2024

Singapore stocks rose on Friday’s open—STI gained 0.3%

Banking stocks were mixed on Friday’s open. UOB rose 0.4%, or S$0.15, to S$36.30, while OCBC gained 0.3%, or S$0.05, to S$16.48. DBS dipped inched down 0.02%, or S$0.01, to S$42.55.

Posted on 22/11/2024

Singapore’s outstanding business leaders and innovators lauded at SBR Management Excellence Awards 2024

The awards programme honoured Singapore’s top business leaders, innovators, and teams for their exceptional contributions to business growth, employee well-bein ...

Posted on 22/11/2024

Court lifts veil on fraudulent diamond investment scheme; $2.38m in damages awarded

The ring was bought off the shelf for about $25,000 and presented to investors as being worth $13.8 million. Read more at straitstimes.com.

Posted on 22/11/2024

Diamonds aren’t forever: Singapore court exposes ‘Jane Seymour’ gem as RM45m synthetic hoax

A three-year legal battle involving a Singaporean and a fraudulent multimillion-dollar diamond investment has come to light after the country’s Court ...

Posted on 22/11/2024

Singapore’s GDP growth forecast revised upward for 2024, outlook mixed for 2025

Singapore’s GDP is projected to grow at “around 3.5 per cent” in 2024, an upward revision by the Ministry of Trade and Industry (MTI). Growth slowed in 2025 to a projected “1.0 to 3.0 per cent”.

Posted on 22/11/2024

Singapore cuts 2024 key exports forecast again on weaker-than-expected recovery

Volatile segments such as pharmaceuticals could continue to weigh on rest of 2024 performance. Read more at straitstimes.com.

Posted on 22/11/2024

Singapore downgrades 2024 export forecasts again on weaker-than-expected recovery

SINGAPORE has narrowed its 2024 full-year forecasts for both non-oil domestic exports (NODX) and total merchandise trade, on a worse-than-expected recovery in the second half of this year. This was ...

Posted on 22/11/2024

Singapore’s 2024 NODX forecast downgraded to ‘around 1%’ following weaker-than-expected 3Q2024 growth

Singapore’s FY2024 growth forecast for total merchandise trade and non-oil domestic exports (NODX) have narrowed to around 5% and 1% respectively, following weaker-than-expected 3Q2024 growth, due to ...

Posted on 22/11/2024

Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded

SINGAPORE: Singapore's economy grew 5.4% in the July-September quarter from a year earlier, higher than the 4.1% official advance estimate released last month and above market expectations, government ...

Posted on 22/11/2024

Singapore Q3 GDP up 5.4% y/y, higher than advance estimate; 2024 forecast upgraded

Singapore's economy grew 5.4% in the July-September quarter from a year earlier, higher than the 4.1% official advance estimate released last month and above market expectations, government data ...

Posted on 22/11/2024

Singapore’s Economic Growth Outpaces Expectations

Singapore’s economy grew more quickly than initially estimated in the third quarter, backing views that growth is on track to at least more than double for the year.

Posted on 22/11/2024

Singapore’s 2025 growth forecast at 1-3%; 2024 forecast upgraded to ‘around 3.5%’

SINGAPORE’S official growth forecast for 2025 is between 1 and 3 per cent, while the full-year growth forecast for 2024 has been upgraded to “around 3.5 per cent”, said the Ministry of Trade and ...

Posted on 22/11/2024

Singapore upgrades 2024 economic growth forecast to around 3.5%

Singapore's economy grew 5.4 per cent in the third quarter of the year, up from the advanced estimate of 4.1 per cent.

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