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Month: February 2025

Posted on 03/02/2025

Singapore’s 2025 Budget statement to be delivered on Feb 18 at 3.30pm

SINGAPORE: Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore’s 2025 Budget statement in parliament on Feb 18 at 3.30pm, the Ministry of Finance (MOF) said on Monday (Feb 3).

Posted on 03/02/2025

Deepseek-Nvidia chips: Singapore reaffirms commitment to upholding trade laws; church buys Orchard Towers property for $54.5 million: Live news

Singapore's trade ministry (MTI) reaffirms commitment to upholding local and international trade laws amid reports of Deepseek using intermediaries to obtain Nvidia chips, and more news and updates ... ( read original story ...)

Posted on 03/02/2025

DBS keeps ‘buy’ on Starhill Global REIT while OCBC maintains ‘hold’ call with lower TP after 1HFY2025 results

DBS analysts Geraldine Wong and Derek Tan like the REIT for its yields north of 7%, while OIR's Ada Lim says 1HFY2025 results were "steady with no surprises".

Posted on 03/02/2025

Ether, memecoins plunge as traders shed risk after Trump tariffs

Ether, the second-largest digital asset by market value, fell as much as 26.53% to US$2,135 on Monday morning, the token’s largest intra-day decline in percentage terms since May 2021.

Posted on 03/02/2025

2 suspects arrested for evading more than S$450,000 in duty and GST

Singapore Customs conducted an operation at Petir Road on Jan 23, seizing 4,228 cartons of contraband cigarettes and two vans.

Posted on 03/02/2025

Singapore Under Scrutiny: The Role of a Southeast Asian Hub in the AI Chip Trade

Recent developments have placed Singapore at the centre of investigations by US regulatory agencies over its role in the shipment of regulated AI chips to destinations that are not authorised to ...

Posted on 03/02/2025

Singapore says Nvidia’s astounding local sales don’t mean it’s the source of DeepSeek’s GPUs

PLUS: Chinese bus lanes put Tesla in a tangle; India drops electronics tariffs; Samsung worries about soft demand Asia In Brief Nvidia’s quarterly results occasionally raise eyebrows because they ...

Posted on 03/02/2025

Singapore’s Syfe lobs bid for SelfWealth; tops Bells by 12pc

Singapore-based investment platform Syfe has formally tabled a 28¢ a share bid for ASX-listed SelfWealth, two days after it built a blocking stake as it prepared a competing bid to Bell Financial ...

Posted on 03/02/2025

A decade after Singapore last held physical election rallies, nearly half of those sites are no longer around

Of the sites that have disappeared, a majority were replaced by housing projects. PAP and WP candidates during rallies for GE2015. (Photos: TODAY/Ray Chua, Facebook/ The Workers' Party) ...

Posted on 03/02/2025

Woman who stole $5.6m worth of crypto gets 6 weeks’ jail for disobeying civil court order

The six-week jail term arose out of a High Court civil case that the company, ByBit Fintech, filed against Ho to recover the stolen cryptocurrency. From June 2022, Ho used the stolen monies to live a ...

Posted on 03/02/2025

Bitcoin slides below $100,000 as tariffs rattle markets

Cryptocurrency prices slid as the spectre of a global trade war put investors on edge and pushed them out of risky assets.

Posted on 03/02/2025

Singapore in rough spot if Trump’s tariffs escalate into trade war: analysts

SINGAPORE may have to brace itself for serious economic fallouts and double down on trade pacts if the US’ sweeping new tariffs – on imports from China, Canada and Mexico – pave the way for a major ...

Posted on 03/02/2025

Singapore’s operating revenue on track to exceed full-year estimate, allowing ‘generous’ Budget 2025: economists

AFTER the first nine months of Singapore’s fiscal year, the government’s operating revenue is on track to meet – and likely surpass – the full-year estimate, said economists. Read more at The Business ...

Posted on 03/02/2025

Singapore to become key hub for Europe-Asia cargo under Maersk, Hapag-Lloyd alliance

Some 40 vessels transporting eastbound cargo are expected to call at the Singapore port every week. Read more at straitstimes.com.

Posted on 03/02/2025

Nvidia expected to abide by US curbs, S’pore laws, says MTI in reply to queries on DeepSeek’s chips

S'pore has come under the spotlight in a US probe into whether the AI firm circumvented curbs. Read more at straitstimes.com.

Posted on 03/02/2025

Singapore Budget 2025: Game-changing reforms set to transform workforce, cut costs, and propel sustainability into the future

Innovation and research and development (R&D) are integral to Singapore’s reputation as a global innovation hub. In 2025, the government is expected to further fuel this momentum with increased ...

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