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Month: November 2024

Posted on 04/11/2024

Singapore stocks edge up on eve of US election following regional trend; STI rises 0.5%

On the STI, top gainer Hongkong Land continued to rally, closing up 7.1 per cent at US$4.80. Read more at straitstimes.com.

Posted on 04/11/2024

How one of the tiniest oil markets cost Singapore-based Trafigura $1.5 billion

Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com.

Posted on 04/11/2024

Singapore Airlines to spend $835 mln upgrading long-haul Airbus A350 cabins

Singapore Airlines will spend 1.1 billion Singapore dollars ($834.66 million) to upgrade all classes on its 41 Airbus A350-900 long-haul and ultra-long-range planes by the end of 2030, the airline ...

Posted on 04/11/2024

Singapore Air Unveils First Class Seats on Ultra-Long Flights

Singapore Airlines Ltd. is introducing first class on its ultra-long haul flights for the first time as part of a sweeping S$1.1 billion ($835 million) upgrade to its cabin products.

Posted on 04/11/2024

How Singapore’s tokenization push could reshape fixed income and FX markets

Singapore’s MAS boosts tokenization with new Project Guardian frameworks, enhancing liquidity and adoption in debt, FX, and fund markets.

Posted on 04/11/2024

Niva Bupa’s IPO to open on Thursday, price band fixed at Rs 70-Rs 74

Niva Bupa Health Insurance Company on Monday said it has fixed the price band of Rs 70-Rs 74 per equity share of face value Rs 10 each for its maiden initial public offer (IPO).

Posted on 04/11/2024

Person jailed for accepting $300 to share bank details used in $160k money laundering scheme

His Singpass identity was subsequently used to open two bank accounts that were used to receive more than $337,000. At least $114,000 was derived from 21 scam victims in Singapore, said the police.

Posted on 04/11/2024

Woman in S’pore transfers S$290k to scammers, but manages to get back S$250k

SINGAPORE: A 77-year-old woman recovered S$250,000 ... A scammer, pretending to be a Standard Chartered Bank employee, called the victim and told her that several unauthorised transactions had been ...

Posted on 04/11/2024

MAS pushes ahead on tokenisation in financial services for commercialisation

SINGAPORE - Singapore is pushing ahead in its plans for ... In his speech, Mr Leong also said Citi, HSBC, Schroders, Standard Chartered and UOB have formed the Guardian wholesale network industry ...

Posted on 04/11/2024

Singapore stocks started the week on a high note on Monday—STI rose by 0.5%

In the broader market, 67 gainers outpaced 50 losers after 35.9 million securities valued at S$56.5 million were traded ...

Posted on 04/11/2024

Singapore’s Changi Airport Group loses appeal to have tax break for more than RM893mil spent on assets like runways

SINGAPORE (The Straits Times/ANN): Singapore's Changi Airport Group (CAG) has lost an appeal to have a tax break for S$270 million (RM893 million) spent on assets over three years. In dismissing the ...

Posted on 04/11/2024

Three Arrows Capital (3AC) Crypto Fallout: Zhu Su’s wife sells her S$51M Singapore mansion amid financial turmoil

However, the hedge fund’s fortunes plummeted in 2022 due to a series of poor investment decisions coinciding with a broader downturn in the crypto market. Since the fund’s collapse, Zhu’s situation ...

Posted on 04/11/2024

Is the Singapore stock market as bad as it’s made out to be?

The Singapore Exchange (SGX) has come under much scrutiny lately, with a high-level committee formed in August to study ways to stimulate interest in a market that is often criticised as boring, ...

Posted on 04/11/2024

White faces, open mouths: Avant-garde Japanese dance finds foothold in Singapore

Butoh, where dancers interpret prompts like “a flower” or “lava”, asks dancers to forget themselves. Read more at straitstimes.com.

Posted on 04/11/2024

Singapore digital economy hits new high, adding S$113 billion to GDP in 2023

The Singapore digital economy has surged to account for 17.7 per cent or S$113 billion of the nation’s Gross Domestic Product (GDP) in 2023.

Posted on 04/11/2024

Singapore’s SPH Media restructures tech division, lays off 34 staff members

SINGAPORE, Nov 4 – Singapore’s media giant SPH Media has today announced that it is letting go 34 employees as part of a restructuring in its technology division. The Straits Times, which is published ...

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