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Month: January 2025

Posted on 03/01/2025

Knight Frank: unlikely for Singapore’s potential new property cooling measures to hit first-time buyers

Christine Li of Knight Frank expects to see an increase in property buyers to the Singapore housing market when SORA rates move below 2.5%. She adds that any additional property cooling measures by ... ( read original story ...)

Posted on 03/01/2025

Singapore billionaire Kwek Leng Beng’s company begins selling prime condos

A company controlled by billionaire property tycoon Kwek Leng Beng will start selling premium condos in central Singapore in the next two weeks as the local housing market shows signs of recovering. ( read original story ...)

Posted on 03/01/2025

In Singapore, ex-OCBC VP gets 10-week jail term for unauthorised access to data of almost 400 customers

A former assistant vice-president at OCBC Bank in Singapore was sentenced to 10 weeks in jail today, for unlawfully accessing the personal data of 396 bank customers. According to Channel News Asia ...

Posted on 03/01/2025

OCBC assistant V-P illegally accessed bank balances of politicians, influencers

Au Jia Hao, 39, illegally accessed the banking details of 369 OCBC customers over eight months. Read more at straitstimes.com.

Posted on 03/01/2025

‘Accumulate’ all three local banks, but Phillip Securities prefers OCBC, UOB

Non-interest income will provide a boost in 2025; the banks expect fee income to continue their strong growth from the sustained shift in investor sentiment.

Posted on 03/01/2025

‘Financial world built on lies’: Crypto mogul pleads not guilty in first US court appearance

South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty Thursday to a freshly unsealed indictment released in time for his first U.S. court appearance. Kwon entered the plea in Manhattan ...

Posted on 03/01/2025

Trump’s tariffs will test the resilience of Singapore’s export-driven economy in 2025

The gloomy 2025 outlook comes at the end of a surprisingly good year when Singapore’s economy grew by 4%. Read more at straitstimes.com.

Posted on 03/01/2025

Singapore organisations report higher satisfaction and growing optimism for 2025, but attractiveness as a global talent hub drops to 41%

Meanwhile, there was a slight drop in Singapore’s standing as a global talent hub. Only 41% of organisations now rate the country highly as a destination for talent, down from 43% last year, with the ...

Posted on 03/01/2025

Singapore retail sales dip in November; half of sectors see decline

SINGAPORE – Retail sales defied optimistic market expectations and fell markedly in November. Takings at the till dropped 0.7 per cent, a sharp reverse from the 2.4 per cent growth in October, the ...

Posted on 03/01/2025

Singapore’s jet fuel imports surge to multi-year highs, India leads supply

Singapore's jet fuel imports were up to 2.55 million barrels in December, gaining from around 2 million barrels the previous month, estimates from LSEG, Kpler and trade sources showed, with most of ...

Posted on 03/01/2025

Singapore retail sales charts unexpected 0.7% fall in November with mixed performance across industries

SINGAPORE’S retail sales unexpectedly contracted 0.7 per cent on year last November, reversing from the 2.4 per cent growth logged the month before, based on Department of Statistics (SingStat) data ...

Posted on 03/01/2025

PacificLight Power to build hydrogen-ready gas power plant in Singapore

PacificLight Power (PLP) said on Friday it has received approval from the Singapore government to build a new hydrogen-fuelled gas power plant on Jurong Island.

Posted on 03/01/2025

Singapore’s home prices rebound on year-end sales boom

Singapore private home prices rebounded after its first drop in more than a year, underpinned by a rush of sales of new projects. ( read original story ...)

Posted on 03/01/2025

Singapore OCBC assistant V-P illegally accessed bank balances of politicians, influencers

SINGAPORE: Just one month into his new job, an assistant vice-president at OCBC began abusing the access his job gave him and started looking through the account balances and other details of bank ...

Posted on 03/01/2025

Ex-OCBC assistant vice president jailed for unauthorised access to data of almost 400 customers

The OCBC customer profiles that Au Jia Hao looked up included local politicians, public figures and influencers.

Posted on 03/01/2025

S-REITs’ DPU to bounce back in 2025, 2026; Parkway Life REIT a ‘dark horse’: DBS

After facing two years of erosion due to the impact of higher interest rates, S-REITs will post a turnaround in distribution per unit (DPU) growth over FY2025-FY2026, at 3.4%, according to DBS Group ...

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