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Month: April 2025

Posted on 14/04/2025

Singapore economy expected to slow, but analysts split on whether technical recession is likely

Analysts say that Singapore stands ready to take action to support its economy through fiscal measures and monetary policy.

Posted on 14/04/2025

Standard Chartered launches sports investing fund for wealthy clients

StanChart says the media industry has seen a growth in media contract value of 16%-17% over the past decade, with major sports leagues signing “record-breaking broadcasting deals”.

Posted on 14/04/2025

10 Dining Deals To Eat Out And Save In 2025, Including 1-For-1 Hotel Buffets And Omakase

Enjoy 1-for-1 buffets, omakase deals & dining discounts with DBS/POSB Cards at top restaurants in Singapore in 2025.

Posted on 14/04/2025

$407,000 lost since December 2024 in OneMotoring phishing scam resurgence in Singapore

At least 37 cases have been reported since December 2024. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 14/04/2025

Impact of Trump tariffs could push Singapore into technical recession, after Q1 growth disappoints: economists

SINGAPORE] Private-sector economists warned that Singapore could slip into a technical recession this year, as the escalating trade war between the United States and China is expected to weigh heavily ...

Posted on 14/04/2025

UOB, Wee Foundation pledge $110 mil to NTU, part of bank’s 90th anniversary gifts

Last month, the bank announced a $30 million commitment to programmes supporting the education of more than 120,000 students and children in Singapore and the region.

Posted on 14/04/2025

Singapore businesses must move strategically to get on winning side of tariff war

THE deluge of latest developments in tariffs announced by the US, and the resulting countermoves from its trade partners, have made global trade more complex and uncertain. Read more at The Business ...

Posted on 14/04/2025

Singapore shares and STI close higher on Monday, mirroring regional indices

SINGAPORE] The Straits Times Index (STI) closed higher, mirroring most regional indices on Monday (Apr 14). Read more at The Business Times.

Posted on 14/04/2025

To aid drug enforcement, Singapore opens first forensic lab to examine, detect new psychoactive substances

The forensic lab under the Home Team Science and Technology Agency has developed a wearable device that can detect traces of drugs in a person's perspiration.

Posted on 14/04/2025

New forensic lab to boost Singapore’s fight against new psychoactive substances

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

Posted on 14/04/2025

Singapore sees zero growth as a possibility this year as it cuts GDP outlook on tariff worries

This comes as the MAS had previously eased its policy stance back in its January meeting, the first time since 2020.

Posted on 14/04/2025

GXS Bank acquires Validus Capital, leading digital lending platform for S’pore SMEs

The deal broadens the firm's business lending services to include supply chain financing and working capital loans.  Read more at straitstimes.com. Read more at straitstimes.com. ( read original story ...)

Posted on 14/04/2025

HPL jumps 5.5% after announcing that Ong Beng Seng will step down as managing director

SINGAPORE] Shares of Hotel Properties Limited (HPL) rose on Monday (Apr 14) by over 5 per cent, following the company’s announcement that property tycoon and hotelier Ong Beng Seng is set to step down ... ( read original story ...)

Posted on 14/04/2025

Ong Beng Seng to step down as managing director of Hotel Properties

Ong is set to plead guilty in a court case linked to former transport minister S. Iswaran. Read more at straitstimes.com. Read more at straitstimes.com. ( read original story ...)

Posted on 14/04/2025

Citi transformation is paying off amid tariff troubles, with room for optimism

Citi established an office in Singapore. Fast forward 123 years, Citi has thrived and grown along with Singapore and has a much larger presence here. Read more at The Business Times.

Posted on 14/04/2025

S’pore GDP likely to sink further in 2H2025, and OCBC expects off-budget fiscal package

A technical recession is possible as the brunt of the initial US tariff announcements has wrecked “significant havoc” on financial markets this month, says OCBC chief economist Selena Ling.

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