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Month: March 2025

Posted on 20/03/2025

Over 850 suspects investigated in Singapore-Malaysia crackdown on $8.1 million scam syndicate

More than 850 suspects, aged 15 to 77, are under investigation for allegedly scamming victims of over $8.1 million. The month-long Singapore-Malaysia operation uncovered over 2,700 cases, froze 3,400 ... ( read original story ...)

Posted on 20/03/2025

Economists maintain Singapore’s 2025 growth forecast at 2.6%: MAS survey

SINGAPORE: Private sector economists have maintained their growth forecast for Singapore's economy this year at 2.6 per cent. This is lower than the 4.4 per cent growth recorded last year. The ...

Posted on 20/03/2025

Tycoon Gordon Tang Offers Top Bid Of $495 Million For Singapore Waterfront Site

The government received eight bids for the site, according to the Urban Redevelopment Authority. The bidders included billionaire Kwek Leng Beng’s City Developments and a joint venture between Thai ... ( read original story ...)

Posted on 20/03/2025

Partnership between govt and business community ‘more important than before’: PM Wong

The external environment, noted PM Wong, has become turbulent, volatile and dangerous. Read more at straitstimes.com.

Posted on 19/03/2025

Singapore’s Budget approach, viewed by some as conservative, now a ‘lifeline’ for the future: Tharman

President Tharman Shanmugaratnam on Wednesday (Mar 19) approved the government's spending plans for the coming financial year.

Posted on 19/03/2025

Singapore’s chip fraud scandal has global repercussions

By bno - Surabaya Office Singapore has found itself at the centre of a high-profile fraud case involving the alleged illegal export of AI-capable servers, potentially containing Nvidia chips, to ...

Posted on 19/03/2025

Singapore stocks close higher midweek ahead of Fed rate decision; STI up 0.3%

Stocks on the Singapore bourse ended higher on Wednesday (Mar 19), following a mixed performance in other Asian markets, as investors awaited the US Federal Reserve’s interest rate decision later ...

Posted on 19/03/2025

Got an e-mail to review your taxes? It might be scammers impersonating Iras

The e-mail states that taxpayers who fail to respond within five working days may be penalised. Read more at straitstimes.com.

Posted on 19/03/2025

Singapore government will take industry feedback seriously as business ties grow more important: PM Wong

SINGAPORE] Businesses’ feedback on needs and challenges will be taken seriously, as the government’s relationship with industry becomes increasingly important in Singapore’s next growth phase, said ...

Posted on 19/03/2025

Siemens’ new Singapore factory on track despite move to cut 6,000 jobs globally

SINGAPORE] The impact of Siemens’ global job cuts on its Singapore workforce cannot be determined yet, as the German industrial giant is still deciding how the layoffs will be made across different ...

Posted on 19/03/2025

Oracle to power Singapore military with cutting-edge cloud computing and AI services

SINGAPORE: Oracle (ORCL.N) has secured its first cloud and AI services deal in Southeast Asia, partnering with Singapore's defence technology arm to provide adv ...

Posted on 19/03/2025

U.K. Asset Manager ICG Mulls Sale of Singapore Private Education Institution, Sources Say

Intermediate Capital Group plans to sell one of Singapore’s largest independent tertiary education institutions, people familiar with the situation said.

Posted on 19/03/2025

Monsoon surge hits Singapore, bringing rain to all parts of the island

A monsoon surge refers to bursts of cold air from the north-east, such as Central Asia, which warms as it sweeps southwards towards the tropics and rolls over the South China Sea. It then picks up ...

Posted on 19/03/2025

Singapore CEOs’ confidence in 2025 growth outlook declines amid economic uncertainty; EY

Singapore CEOs are also showing a growing interest in divestments and carve-outs, with 60% planning such moves, up from 40% in September 2024, with figure surpassing the global average of 48%.

Posted on 19/03/2025

Economists keep Singapore’s 2025 economic growth forecast at 2.6% as trade tensions rise

Geopolitical tensions, including from higher tariffs, seen as the biggest downside risk. Read more at straitstimes.com.

Posted on 19/03/2025

Singapore’s chip fraud scandal: global repercussions and AI market volatility

By bno - Surabaya Office Singapore has found itself at the centre of a high-profile fraud case involving the alleged illegal export of AI-capable servers, potentially containing Nvidia chips, to ...

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