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Month: February 2025

Posted on 07/02/2025

Singapore’s 10-fold rise in family offices is driving a philanthropic boom

Singapore has more than 2,000 single-family offices — up from 200 in 2019. Many are channeling their overseas charitable efforts through the city-state.

Posted on 07/02/2025

Singapore leads AI adoption in Asia: report

Around 57% of organisations in Singapore consider AI critical to their operations, making it one of the leading adopters of AI globally.

Posted on 07/02/2025

These property sectors in Singapore could take a hit from the JS-SEZ, analysts say

WHILE some industries in Singapore, such as banks and gaming, are poised to benefit from the Johor-Singapore Special Economic Zone (JS-SEZ), this may not be the case for some industries. Read more at ...

Posted on 07/02/2025

Singapore reports 23 tonnes of oil leak from police facility near Sentosa; oil patches seen off island

About 23 tonnes of diesel oil leaked from the Police Coast Guard Brani Regional Base in southern Singapore into surrounding waters on Feb 5.

Posted on 07/02/2025

Former Singapore transport minister S Iswaran placed on home detention scheme

Iswaran began his 12-month jail term on Oct 7, 2024. Lawyers confirmed with CNA that in their experience, offenders become eligible for home detention after serving around one-third of their sentence.

Posted on 07/02/2025

Singapore Shares Likely To Open To The Upside On Friday

The Singapore stock market on Thursday wrote a finish to the three-day losing streak in which it had slipped almost 40 points or 1.1 ...

Posted on 07/02/2025

Brazil chemical firm Unigel denies report of planned Singapore IPO

SAO PAULO (Reuters) -Brazilian chemical firm Unigel said on Thursday it had no plans to launch an initial public offering in the short term, after newspaper Valor Economico reported that Unigel could ...

Posted on 07/02/2025

Singapore IPOs raise $45.9m in first 10.5 months of 2024

The listings are in the Consumer, Industrial Products, and Life Sciences & Health Care industries. Singapore saw four initial public offerings (IPOs) raising approximately $45.9m (US$34m) in the first ...

Posted on 07/02/2025

Singapore Banks Struggle with Client Exodus Amid Record High KYC Failures – Report

Singapore’s banking industry is facing challenges as clients abandoning banks due to "slow and inefficient onboarding practices" has surged.

Posted on 07/02/2025

SingTel secures $476 million green loan to develop data centre

Singapore Telecommunications (SingTel) said on Friday that it had secured a S$643 million ($476.16 million) green loan to finance the development of a new 58 megawatt (MW) data centre in the ...

Posted on 07/02/2025

Singtel secures $643 mil five-year green loan to finance Tuas data centre

Singapore Telecommunications’ (Singtel) regional data centre arm, Nxera DCT, has secured a $643 million five-year green loan to finance the development of a new 58MW data centre in Tuas, or DC Tuas.

Posted on 07/02/2025

DBS, OCBC, and UOB’s STI weight rises to 54.3% in 2024

The three banks drove the STI’s 23.5% total return in 2024 but were outpaced by Yangzijiang Shipbuilding. The combined weightage of DBS, OCBC, and UOB in the Straits Times Index (STI) has risen to 54.

Posted on 07/02/2025

S’porean man allegedly asked to pay S$298 for ‘customs tax’ after buying S$1,400 water filter in JB

A Singaporean man was reportedly tricked into paying S$298 of "customs tax" at the Singapore borders after buying a water filter in Johor Bahru which cost S$1,400. A reader told Mothership that his ...

Posted on 07/02/2025

Memecoins: A new frontier or a dicey gamble for young investors in Singapore?

Two Gen Z investors said they are drawn to memecoins for their potential outsized returns, despite knowing the risks involved. Read more at straitstimes.com.

Posted on 07/02/2025

Singapore shares rise at Friday’s open; STI up 0.1%

SINGAPORE shares began Friday (Feb 7) trading in positive territory as markets abroad mostly closed higher. Read more at The Business Times.

Posted on 07/02/2025

Brazil chemical firm Unigel to go public in Singapore, media report says

SAO PAULO (Reuters) -Brazilian chemical firm Unigel will launch an initial public offering (IPO) in Singapore in the next few months, Brazilian newspaper Valor Economico reported on Thursday, citing ...

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