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Month: January 2025

Posted on 02/01/2025

Singapore shares rise on first trading day of 2025; STI up 0.4%

Losers beat gainers 284 to 246, with 812.8 million securities worth S$581.4 million changing hands. Read more at straitstimes.com.

Posted on 02/01/2025

Singapore economy beats forecasts in Q4 of 2024 but analysts see tougher 2025 growth outlook

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.1 per cent, down from the 3.2 per cent growth in the third quarter of 2024. For full-year 2024, the economy grew 4 per cent, ...

Posted on 02/01/2025

Leading the Quantum AI Revolution: AQSolotl Solidifies Milestone Collaboration in Singapore

SINGAPORE, Singapore, January 2, 2025 (EZ Newswire) -- Quantum technology jointly developed at Nanyang Technological University, Singapore (NTU Singapore) and National University of Singapore (NUS) ...

Posted on 02/01/2025

Jail for ‘instrumental player’ in syndicate that sold bank accounts used to launder money

Goh Soon Lee received, processed and sent out 34 ATM cards between July and October 2023. Read more at straitstimes.com.

Posted on 02/01/2025

One-off payment incoming for about 11,000 junior OCBC employees in February and April 2025

Specifically in Singapore, approximately 4,000 junior employees, including new hires and unionised staff, will receive a one-off payment of S$1,000 each.

Posted on 02/01/2025

Pre-booking of CNY bank notes starts Jan. 7, collection at DBS, OCBC, UOB: MAS

Here are the ways you can get hold of the notes if you're a DBS, OCBC, or UOB bank member: Pre-booking for collection at bank branches: Online pre-booking is required, from Jan. 7. Collection of ...

Posted on 02/01/2025

Bookings to collect fit-for-gifting notes for Chinese New Year to start from Jan 7

SINGAPORE: From Jan 7, the public may make bookings to collect fit-for-gifting bank notes for Chinese New Year, said the Monetary Authority of Singapore (MAS) on Thursday (Jan 2). These "fit notes" ...

Posted on 02/01/2025

Business sentiment improves for 2025; manpower costs, uncertain demand still top concerns

SINGAPORE businesses are more positive on the economic outlook for this year, even as rising manpower costs and demand uncertainty remain as key concerns, based on the annual national business survey ...

Posted on 02/01/2025

SGX Group chairman calls for ‘bold and decisive actions’ to solve stock market’s ‘longstanding issues’

A myriad of structural and policy issues must be addressed, certainly by SGX, but also with policymakers, regulators and all players within the ecosystem,” says Koh Boon Hwee.

Posted on 02/01/2025

China stocks lead losses in Asia as manufacturing slows; Singapore annual GDP growth rises to 4%

China's Caixin/S&P Global manufacturing purchasing managers' index for December fell to 50.5, missing economists' estimates of 51.7 in a Reuters poll.

Posted on 02/01/2025

Private home prices in Singapore rose 2.3 per cent in Q4, but overall growth slowed to 3.9 per cent in 2024

SINGAPORE: Private residential property prices rose 2.3 per cent in the fourth quarter due primarily to a last-minute surge in new home sales, reversing a modest drop in the third quarter. ( read original story ...)

Posted on 02/01/2025

Singapore’s HDB resale prices rose 9.6% in 2024, with price growth slowing in Q4

SINGAPORE: Prices of Housing Board resale flats rose 9.6 per cent in 2024 – a quicker pace than the 4.9 per cent increase recorded in 2023. ( read original story ...)

Posted on 02/01/2025

Singapore Private Home Prices Rebound on Sales Surge

Singapore's Housing and Development Board said separately on Thursday that flash estimates show resale prices for public housing climbed 2.5% sequentially in the fourth quarter, easing slightly from ... ( read original story ...)

Posted on 02/01/2025

UOB Kay Hian keeps FLCT at ‘buy’ but with lower target price of $1.33 following higher taxes in Australia

FLCT is working on backfilling the remaining vacant space but competition from other business parks remains tough,' says UOB Kay Hian's Jonatha Koh ...

Posted on 02/01/2025

Singapore stocks rise as trading begins in the new year—STI gains 0.2%

SINGAPORE: Singapore stocks rose as trading began on Thursday (Jan 2) after the New Year’s Day holiday. The Straits Times Index (STI) gained 0.2% or 5.73 points to 3,793.33 at 9:01 am, The Business ...

Posted on 02/01/2025

Singapore’s strong 2024 growth puts MAS decision in focus

SINGAPORE - Singapore’s economic growth beat estimates in the last three months of 2024 but slowed from the prior quarter, potentially providing scope for the central bank to slightly loosen monetary settings in 2025. Gross domestic product grew 4.3 per ...

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