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Month: November 2024

Posted on 27/11/2024

Blockchain-based firm backed by Temasek and DBS secures new funding in Series B

Deutsche Bank has joined Partior's Series B funding round as a strategic investor. Read more at straitstimes.com.

Posted on 27/11/2024

DBS inks MOU with Japan partner to help Japanese SMEs expand into Singapore, key Asian markets

JAPANESE small and medium-sized enterprises (SMEs) can now receive financing support to expand into key Asian markets including Singapore, under a new partnership by DBS and Japan Financial ...

Posted on 27/11/2024

Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two ...

Posted on 27/11/2024

Pharma giant Sanofi opens $595 million vaccine facility in Singapore to prepare for potential pandemics

The Singapore facility is part of Sanofi's 900 million euro investment to develop two new EVFs globally over five years. The other facility will be in Neuville-sur-Saône, France. SINGAPORE — French ...

Posted on 27/11/2024

Pharma giant Sanofi opens $595 million vaccine facility in Singapore to boost preparedness for potential pandemics

The Singapore facility is part of Sanofi's 900 million euro investment to develop two new EVFs globally over five years. The other facility will be in Neuville-sur-Saône, France. SINGAPORE — French ...

Posted on 27/11/2024

Companies’ debt levels in Singapore low, banks and insurers can withstand shocks: MAS

Business costs and earnings are expected to improve, which would ease pressures on firms. Read more at straitstimes.com.

Posted on 27/11/2024

MAS highlights resilience of Singapore households despite global uncertainties

The Monetary Authority of Singapore (MAS) notes strong household financial health, underpinned by easing mortgage rates and income stability. The regulator, in its Financial Stability Review 2024, ... ( read original story ...)

Posted on 27/11/2024

Singapore households should remain prudent amid global risks: MAS

Households have strong financial buffers but should be careful given the heightened geopolitical uncertainties and trade tensions, MAS said in its annual financial stability review. ( read original story ...)

Posted on 27/11/2024

Financial institutions, companies in Singapore have enough buffer to weather shocks: MAS

COMPANIES and financial institutions in Singapore have enough buffers to manage shocks to their incomes and financing costs as their strong balance sheets can help them cope with higher borrowing ... ( read original story ...)

Posted on 27/11/2024

SMU and DBS Offer New Course to Equip Leaders for Sustainable Finance Challenges

Singapore Management University ( SMU) and DBS have partnered to launch the “Sustainable Finance in Action” course. This new programme designed to equip senior executives with the knowledge and skills ...

Posted on 27/11/2024

MGen’s PacificLight allots $900 million, to bid for 600-MW Singapore plant

PacificLight Power Pte. Ltd., controlled by Meralco PowerGen Corp. (MGen), plans to spend around $900 million to double its capacity, aiming to be a leading energy supplier here in the island country.

Posted on 27/11/2024

S$1.5b nickel investment fraud case: Man lived lavishly on gains from scheme he masterminded, prosecution says

(Photo: Reuters/Edgar Su) SINGAPORE: Alleged fraudster Ng Yu Zhi "lived lavishly" on the criminal proceeds from the S$1.5 billion (US$1.1 billion) nickel investment scheme he masterminded, prosecutors ...

Posted on 27/11/2024

Singapore Shares: Support Expected At 3,700 Points

The Singapore stock market has moved lower in back-to-back sessions, dropping almost 35 points or 0.9 percent along the way. The ...

Posted on 27/11/2024

Singapore Trader Pleads Not Guilty to $1.1 Billion Fraud

An ex-accountant accused of running a billion-dollar nickel scam that rocked Singapore’s business community pleaded not guilty on Tuesday to 42 charges including fraud and money laundering.Prosecutors ...

Posted on 27/11/2024

Singapore Prosecutors Say Trader Took $360 Million in Metal Scam

A Singapore businessman who convinced investors to put a total of S$1.5 billion ($1.1 billion) into a nickel trading scheme channeled a third of that into his own accounts, prosecutors said at the ...

Posted on 27/11/2024

Singapore’s MAS Warns of Rising Trade and Geopolitical Tensions

Singapore’s central bank warned of global monetary policy uncertainty in the face of increased trade friction and geopolitical wrangling.

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