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Month: March 2025

Posted on 05/03/2025

Singapore government will raise HDB income ceilings when ‘time is right’, says Desmond Lee

We will continue to keep an eye on income growth and market conditions,” says the Minister for National Development.

Posted on 05/03/2025

Billionaire’s Adviser At The Center Of Singapore Property Giant’s Boardroom Battle Resigns

An adviser at the center of the City Developments boardroom brawl between billionaire Kwek Leng Beng and his son, Sherman, has resigned a week after the family feud became public. ( read original story ...)

Posted on 05/03/2025

Singapore banks face margin squeeze despite strong results: Moody’s

Looking ahead to 2025, Moody’s said banks may expect mid- to high-single-digit loan growth. Singapore’s three largest banks—DBS, OCBC, and UOB—posted strong financial results in 2024, maintaining ...

Posted on 05/03/2025

Alvin Tan: Singapore rejects crypto for SWFs investments over speculation, volatility

During Parliamentary sitting on 5 March, Minister of State for Trade and Industry and MAS Board Member Alvin Tan reaffirmed that cryptocurrencies are unsuitable for Singapore’s sovereign wealth funds ...

Posted on 05/03/2025

Malaysia probes server shipments connected to Singapore fraud case

Malaysia is investigating if local laws were breached in the shipment of servers linked to a Singapore fraud case, as they may have contained advanced chips subject to U.S. export controls. Singapore ...

Posted on 05/03/2025

Indian National Jailed 7 Months For Molesting Woman In Singapore

An Indian national was sentenced to seven months' jail on Wednesday after pleading guilty to one count of molestation, with one count of housebreaking taken into consideration for his sentencing.

Posted on 05/03/2025

Singapore tech group Sea’s finance arm emerges as key profit driver

The fintech business, SeaMoney, which offers digital payments, credit and banking services, posted an operating profit of $657 million last year, up 34% from 2023, contributing to a threefold increase ...

Posted on 05/03/2025

Singapore’s Budget 2025, Explained

Above-target tax revenues have pushed the city-state back into fiscal surplus for the first time since the COVID-19 pandemic.

Posted on 05/03/2025

EU sanctions second Singapore firm over alleged links to Russia’s military efforts

A second company based in Singapore has been sanctioned by the European Union over its alleged links to Russia's invasion of Ukraine.

Posted on 05/03/2025

Here’s the prize money payout for each golfer at the LPGA’s 2025 HSBC Women’s World Championship

The LPGA’s latest Hall of Famer has showed no signs of slowing down, dominating the HSBC Women’s World Championship to win her 23rd career LPGA title. She collected the $360,000 first-place prize money payout at Sentosa Golf Club in Singapore, topping both Ayaka Furue and Jeeno Thitikul by four shots.

Posted on 05/03/2025

Singapore’s ‘30 by 30’ food security goal currently under review, confirms government

The republic is reviewing its strategy to better tackle productivity, cost and demand challenges, said a senior minister of state. To date, food self-production remains below 10 per cent.

Posted on 05/03/2025

Singapore’s private sector returns to growth in February: S&P Global

SINGAPORE -- Business conditions in Singapore's private sector improved in February after a sluggish start of the year, with the seasonally adjusted Purchasing Manager's Index (PMI) rising to 51.0 ...

Posted on 05/03/2025

Singapore to expand preventive drug education efforts amid rise in number of young abusers

Singapore will continue to expand its preventive drug education efforts, such as through collaboration with schools. The Home Affairs Ministry said there is a concerning rise of young people abusing drugs.

Posted on 05/03/2025

Wild rescue: Responding to animals in distress in Singapore

Not all calls require an on-site response, but because the snake was trapped in an enclosed space, Ms Lim and senior wildlife rescue officer Aaron Hyberger, 47, headed out. When they arrived, the condo manager hurriedly ushered them inside.

Posted on 05/03/2025

Inaugural expo held in Singapore as business travel in the region takes off

The pickup in travel this year is not just confined to tourism. Business travel — both commercial and private — is also set for growth. The inaugural Business Aviation Asia Forum and Expo is underway ...

Posted on 05/03/2025

Singapore banks return capital but draw mixed sentiments; earnings stay resilient in Q4

Investors were divided over the respective capital return plans of DBS, UOB and OCBC, which come as they attempt to lower excess capital resulting from changes to global bank capital requirements.

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