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Month: January 2025

Posted on 23/01/2025

Revolut rolls out robo-advisory service in Singapore

The service supports investment in diversified portfolios without the need for extensive research or active management.

Posted on 23/01/2025

WazirX gets Singapore court approval to repay victims of $235M hack

Indian cryptocurrency exchange WazirX has secured approval from the Singapore High Court for its restructuring plan, enabling the repayment of customer funds stolen in a massive cyberattack in July ...

Posted on 23/01/2025

About 860kg of illegally imported vegetables from Malaysia seized at Tuas Checkpoint

SINGAPORE – About 860kg of illegally imported vegetables from Malaysia were seized from a truck on Jan 22 at Tuas Checkpoint.

Posted on 23/01/2025

Singapore’s StarHub and Nokia to work together on 5G and 4G

Singaporean multinational telecommunications conglomerate StarHub and Finland's telecoms giant Nokia have announced a partnership in the area of fourth and fifth generation (4G and 5G) mobile ...

Posted on 23/01/2025

Singapore stocks close higher on Thursday as inflation eases; STI up 0.7%

SINGAPORE stocks ended higher on Thursday (Jan 23), after the Republic reported that full-year inflation in 2024 came in at 2.4 per cent. This figure, closely aligned with the official forecast, was ...

Posted on 23/01/2025

New cafe chain Oriental Kopi’s shares double on IPO debut in Malaysia

It plans to open 14 new cafes in Malaysia and by 2026 and 2 more in Singapore this year. Read more at straitstimes.com.

Posted on 23/01/2025

MAS tipped to ease monetary policy as Singapore’s core inflation dips further in December

SINGAPORE’S central bank may take steps to loosen monetary policy on Friday (Jan 24) for the first time in nearly five years, with the city-state’s core inflation in December remaining below the 2 per ...

Posted on 23/01/2025

Singapore-born reality TV star Lynn Ban dies at 51; Workers in Singapore seek higher pay and career purpose: Singapore live news

Singapore-born Lynn Ban, renowned jewellery designer and star of Bling Empire: New York, has died. Meanwhile, Singapore workers are aiming for higher pay in 2025. Plus some of the biggest and ...

Posted on 23/01/2025

Singapore’s Record Yield Gap With US to Widen on Debt Supply

The yield gap between Singapore’s ultra-long bonds versus Treasuries is expected to expand from already-record levels as the nations’ debt supplies continue to diverge.Most Read from BloombergHow Sanc ... ( read original story ...)

Posted on 23/01/2025

UOB Reportedly in Talks with Private Credit Investors, Hoping to Shun SHIMAO GROUP $10B Loan

Singapore-based United Overseas Bank (UOB), a creditor bank of SHIMAO GROUP (00813.HK), is in talks with private credit investors to offload a $10 billion loan due 2025, Bloomberg quoted sources as ...

Posted on 23/01/2025

Singapore December core inflation hits its lowest since November 2021

Singapore's key consumer price gauge rose 1.8% in December from a year earlier, more than economist forecasts and the lowest in more than three years, official data showed on Thursday. The core ...

Posted on 23/01/2025

Top 6 Banking Trends That Is Roaring Throughout Asia in 2025

Trends show that while Western banks streamline, the banking sector in Asia leaps forward, driven by the rise in technology and open banking.

Posted on 23/01/2025

Our 2025 picks: Singapore Exchange — Uplift in valuation multiples?

Citing the market review, the analysts think “seemingly stronger political will and low market expectations” could result in “a broad-based uplift in valuation multiples”. In turn, shares in SGX ...

Posted on 23/01/2025

Singapore charges man with helping to forge documents in $2.2 bln money laundering case

A naturalised Singaporean man was charged on Thursday with helping foreigners forge documents and falsify accounts as part of a S$3 billion ($2.24 billion) money laundering ring.

Posted on 23/01/2025

Singapore Charges Former Director in Record Laundering Case

Singapore has charged Wang Junjie, the former director of a local corporate service provider linked to individuals caught up in the city-state’s record S$3 billion ($2.2 billion) money-laundering case ...

Posted on 23/01/2025

Singapore Inflation Cooled in 2024, Nudging Open Door to Monetary Easing — Update

For 2024, core inflation averaged 2.7%, pulling back sharply from the 4.2% rate seen in 2023. The headline measure came in at 2.4% versus 4.8% in 2023, suggesting that policymakers' efforts to tame ...

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