They aim to support 500 small and mid-sized manufacturers. DBS and the Singapore Manufacturing Federation (SMF) have signed a memorandum of understanding (MOU) to accelerate the adoption of ...
COTD: Singapore’s fintech investment plunges to lowest level since 2020
Total investment was only at $1.7b. Singapore’s fintech investment dropped to $1.7b (US$1.3b) in 2024, marking its lowest level since 2020, according to KPMG. The decline signals a market adjustment ...
Risk currencies, crypto hammered by Trump’s impending tariffs
Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday in risk-sensitive currencies such as the Aussie, sent bitcoin tumbling and gave ...
Iron ore set for monthly loss on China steel export concerns
Iron ore futures prices fell on Friday and were set for modest monthly losses, pressured by U.S. tariff concerns and mounting trade frictions against Chinese steel exports. The most-traded May iron ...
Singapore urged to cap F&B licenses amidst record closures
More than 3,000 restaurants folded up in 2024. The government should consider limiting the licenses issued to food and beverage (F&B) companies to stabilise the market after record closures in ...
Nearly half of IT leaders in Singapore struggle to spot phishing scams
Nearly half of Singaporean IT decision-makers (46%) struggle to distinguish legitimate emails from phishing scams, according to new research from KnowBe4. The study found that 72% mistakenly ...
Family disputes rock $18B City Developments empire of Singapore’s 4th richest man Kwek Leng Beng
Singaporean billionaire Kwek Leng Beng spent over 60 years building up the country’s biggest property developer City Developments Ltd, but an ongoing feud with his son Sherman is now shaking up his ...
Singapore Arrests Three in Case Linked to Nvidia Server Fraud
Singaporean police arrested three men for allegedly defrauding an unnamed supplier of computing servers, casting a spotlight on local intermediaries’ role in funneling Nvidia Corp. chips around the ...
Singapore’s richest clan in crisis over public father-son feud
Even by the standards of Asian succession dramas, the family feud raging at the Kwek dynasty, who run Singapore’s biggest listed developer, is striking.
Olam Group’s profit drops on rising commodity prices, finance costs
Singapore's Olam Group reported a slump in its full-year underlying profit on Friday, impacted by an increase in net finance costs coupled with a sharp rise in prices of commodities such as cocoa and ...
Singapore’s Olam Group reports around 53% fall in full-year profit
Singapore's Olam Group reported a slump in its underlying profit for the year on Friday, impacted by an increase in its net finance costs.
HSBC contender Charley Hull paves her own way: ‘People’s opinions don’t pay my bills’
Charley Hull began her day in Singapore with a "tiny" 5K run and then fired an opening 3-under 69 at the HSBC Women's World Championship to sit one shot behind leader A Lim Kim. On Friday, she'll push it to 12K.
Singapore Hedge Fund With 33% Gain Bets Big on Suzuki Motor
A Singapore-based hedge fund that beat the market with a 33% return last year said Suzuki Motor Corp.’s robust India strategy will help shelter its portfolio from global trade risks.
Singapore Billionaire’s Scion Denies Board Coup, Blames Aide
The scion of Singapore’s richest real estate clan denied his father’s claim that he was leading a boardroom coup, saying the primary reason for the family dispute lies with a key adviser to the ...
Singapore stocks rise 0.3% despite Yangzijiang Shipbuilding dive
The three local banks had a mixed showing, with DBS declining while OCBC and UOB advanced. Read more at straitstimes.com.
Moglix Secures $12.3 Mn from Singapore Parent Amid Plans for India Domicile Shift and IPO
Credlix provides SMEs in sectors like electronics, automotive, textiles, and aerospace components with collateral-free lending options. This action demonstrates Moglix’s goal of becoming a world ...