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Month: April 2025

Posted on 15/04/2025

Trump tariff-hit Singapore stares at technical recession, Q1 data lower than expected

Singapore is staring at a technical recession this year as economic growth is set to contract as a result of US President Donald Trump’s tariffs ...

Posted on 15/04/2025

Singapore dissolves parliament, paving the way for general elections

Singapore’s parliament has been dissolved to pave the way for general elections in which the city-state’s long-ruling party will seek to strengthen its dominance under Prime Minister Lawrence Wong.

Posted on 15/04/2025

Here are the top 15 companies for career growth in Singapore, according to LinkedIn

DBS Bank dominates LinkedIn's 2025 Top Companies in Singapore list for the third time in a row, topping the best companies for career growth in the country.

Posted on 15/04/2025

Asian Stock Markets Rise Amid Hopes for More U.S. Tariff Exemptions

Asian stock markets rose Tuesday morning amid tentative hopes for more U.S. tariff exemptions that could lessen the negative impact of tougher trade barriers.

Posted on 15/04/2025

A ransomware attack hit a DBS vendor. What is it and how does it affect bank operations?

SINGAPORE] Customer data from DBS and Bank of China’s Singapore branch (BOC) were stolen when their printing vendor was hit by a ransomware attack last week. Read more at The Business Times.

Posted on 15/04/2025

Saved ₹1.35 crore in taxes? NRI slips through capital gains net using one mutual fund loophole

The case began when an NRI tax resident in Singapore declared capital gains of ₹1.35 crore for FY 2021–22: ₹88.75 lakh from debt mutual funds and ₹46.91 lakh from equity mutual funds. She sought tax ...

Posted on 15/04/2025

Automotive group Vin’s Holdings shares rise on IPO debut in SGX’s first listing of 2025

SINGAPORE] Shares of Vin’s Holdings (VH) climbed on its debut on Tuesday (Apr 15), in the first IPO on the Singapore Exchange this year. Read more at The Business Times.

Posted on 15/04/2025

2 in 3 Singapore residents aim to be financially independent between age 40 and 60: CIMB survey

More than half of those surveyed also said they believe they need more than S$1 million to achieve financial independence.

Posted on 15/04/2025

UOB enhances sustainable financing frameworks, granting SMEs easier access

UOB says it is the only Singapore bank to incorporate MAS’s technical screening criteria of the Singapore-Asia Taxonomy into all of its six sector-focused sustainable financing frameworks.

Posted on 15/04/2025

DBS maintains $1.12 target price on Grand Venture following 1HFY2025 revenue guidance reaffirmation

DBS Group Research has kept its "buy" call and $1.12 target price on Grand Venture Technology after the manufacturer reaffirmed its 1HFY2025 revenue guidance amid wider sell-down of tech stocks.

Posted on 15/04/2025

Forensic lab launched to boost Singapore’s fight against new psychoactive substances

The First Lab will help the authorities better detect such substances here. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 15/04/2025

YLF Group Marketing withdraws IPO even as placement shares in Vin’s Holdings’ sell out

The candy maker did not give a reason for withdrawing its preliminary offer document. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 15/04/2025

Explained: Will NRIs be liable for capital gains tax on mutual fund sales in India?

The case involved A Shah, a Singapore tax resident, who declared capital gains of Rs 88.75 lakh from debt mutual funds and Rs 46.91 lakh from equity mutual funds for the financial year 2021–22.

Posted on 15/04/2025

More than S$400,000 lost to phishing scams impersonating OneMotoring

In September last year, at least S$28,000 were lost to phishing scams impersonating OneMotoring in less than three weeks. For those cases, victims received emails, purportedly from OneMotoring, about ...

Posted on 15/04/2025

MAS eases Singapore dollar policy to help economy weather Trump’s tariff storm

Singapore's central bank reduced the pace of the local currency's trade-weighted appreciation in its second such move in 2025, in response to easing inflation and rising risks to economic growth from ...

Posted on 14/04/2025

Property tycoon Ong Beng Seng to step down as HPL managing director to manage cancer treatment

SINGAPORE] Hotel Properties Limited (HPL) announced on Monday (Apr 14) that managing director Ong Beng Seng will be stepping down from the position to devote more time to manage his medical condition. ( read original story ...)

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