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Month: December 2024

Posted on 06/12/2024

Lloyd’s Singapore hub to write over US$1 billion in premiums in 2024

LLOYD’S of London’s Singapore hub will write more than US$1 billion of business this year, as growing wealth levels help to raise awareness of the need for insurance, said Lloyd’s chairman Bruce ...

Posted on 06/12/2024

Song Ui-Young clarifies Singapore exclusion after hat-trick heroics sent Lion City Sailors marching on in AFC Champions League Two

After his hat-trick heroics sent Lion City Sailors through to the ACL Two, Song Ui-Young moved to clarify his ASEAN Championship absence.

Posted on 06/12/2024

DBS hires more Russian-speaking bankers amid possible sanctions

DBS appears to be bucking the trends followed by other banks. Bloomberg pointed out that out of concern over possible penalties from Europe and the United States, banks such as HSBC and UBS have ...

Posted on 06/12/2024

Singapore retail sales up 2.2% in October with mixed performance across industries

SINGAPORE’S retail sales grew 2.2 per cent on year in October, picking up from the 1.9 per cent growth recorded in the month before, based on Department of Statistics (Singstat) data released on ...

Posted on 06/12/2024

Singapore’s civil service ranked world’s best in Oxford University study

Singapore finished ahead of Norway, Canada and Denmark in the inaugural Blavatnik Index of Public Administration.

Posted on 06/12/2024

Elon Musk’s ‘big warning’: Singapore and many other countries are going extinct

Elon Musk commented on Singapore's declining fertility rate, sparking debate about the nation's future. With a TFR of 0.97, Singapore faces a 'baby crisis,' prompting discussions about robotics, ...

Posted on 06/12/2024

Are robots the answer as Singapore grapples with declining birth rates?

"Singapore (and many other countries) are going extinct," tech titan Elon Musk tweeted, highlighting a pivotal concern grappling several Asian countries -- declining fertility rates and a rise in ...

Posted on 06/12/2024

Singapore’s Bank Stock Rally Pushes Market Near Record High

Singapore’s stock market edged closer to an all-time high on Thursday, after a prolonged rally in bank shares.

Posted on 06/12/2024

2 digital payment solutions to be rolled out in mid-2025 as Singapore phases out cheques

Two new electronic payment methods for individuals and companies will be introduced in mid-2025, as part of moves to phase out cheques. They will be available on digital banking platforms of seven ...

Posted on 06/12/2024

Top 50 list shows worsening dip in Singapore’s insurance premiums

The thriving nonlife business offset life insurance’s poor showing in 2023. The drop in gross premiums of Singapore’s insurance industry widened to 9% in 2023 due to slowing demand in the life ...

Posted on 05/12/2024

UOB teams up with Disney Cruise Line to deliver magical travel experiences for ASEAN consumers

UOB today announced an exciting strategic collaboration with Disney Cruise Line as the first regional Bank offering UOB cardholders across Singapore, ...

Posted on 05/12/2024

Jail for parallel importer who forged Vicom test results to register new vehicles

Lim Tze Yong, 50, pleaded guilty to five charges of forgery for the purpose of cheating. Read more at straitstimes.com.

Posted on 05/12/2024

ST Telemedia sells majority stake in Malaysian telecom firm U Mobile

Singapore Technologies Telemedia said on Wednesday Malaysia's Mawar Setia will acquire a majority stake in the company's U Mobile unit, a mobile and broadband service provider in Malaysia.

Posted on 05/12/2024

Singapore’s Telemedia to sell majority stake in U Mobile of Malaysia

(Reuters) -- Singapore Technologies Telemedia on Wednesday said Malaysia's Mawar Setia will acquire a majority stake in the company's U Mobile unit, a mobile and broadband service provider in Malaysia ...

Posted on 05/12/2024

How a brazen US$1.1 billion nickel scam allegedly ensnared some of Singapore’s brightest

Ng Yu Zhi stands trial for allegedly orchestrating Singapore’s largest Ponzi scheme that defrauded nearly 1,000 investors.

Posted on 05/12/2024

Retail sales in Singapore up by 2.2% in October, boosted by motor vehicle sales

Retailers continue to enjoy increased turnover in the lead-up to Christmas, with vehicle buyers helping drive revenue higher in October. Read more at straitstimes.com.

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