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Month: May 2025

Posted on 24/05/2025

Crypto Awareness Hits 94% in Singapore, But Ownership Slips

Singaporean investors are increasingly aware of cryptocurrency, with 94% of respondents familiar with at least one digital asset, according to the latest ...

Posted on 24/05/2025

Singapore climbs to fourth in global startup index

Singapore has climbed to fourth place in the 2025 Global Startup Ecosystem Index by research platform StartupBlink. The country moved up from fifth in 2024 and has made significant progress since 2020 ...

Posted on 24/05/2025

Singapore ranks 4th globally in startup ecosystem

Singapore advanced to fourth position in the 2025 global start-up ecosystem rankings, improving from fifth place in 2024, according to the 2025 Global Startup Ecosystem Index by StartupBlink.

Posted on 23/05/2025

Singapore’s core inflation inches up to 0.7% in April; headline inflation is unchanged at 0.9%

SINGAPORE] Singapore’s core inflation came in higher than expected in April, driven by higher food and services prices, while headline inflation stood pat, data from the Department of Statistics ...

Posted on 23/05/2025

Six men in Singapore charged over child sexual exploitation offences, including commercial sex with 12-year-old

SINGAPORE (The Straits Times/ANN): Six men aged between 22 and 41 were charged on May 23 over child sexual exploitation offences. Kok Chuan Yuan, 37, faces two charges relating to commercial sex with ...

Posted on 23/05/2025

Mukesh Ambani pledges Rs 75,000 crore for North-East, sees ‘Singapore-like success’; Gautam Adani to invest Rs 50,000 crore

Reliance Industries and Adani Group have pledged substantial investments of Rs 75,000 crore and Rs 50,000 crore respectively, at the Rising Northeast Investors Summit 2025.

Posted on 23/05/2025

More companies, including some from Singapore, eye listings in Hong Kong

Singapore biotech firm Mirxes began trading in Hong Kong on May 23 at a valuation exceeding US$1 billion. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 23/05/2025

Trust Bank’s FY2024 net interest income soars 124.7% to S$72.8 million; losses narrow

SINGAPORE] Trust Bank on Friday (May 23) reported net interest income of S$72.8 million for the financial year ended Dec 31, 2024, up 124.7 per cent from S$32.4 million a year ago. Read more at The ...

Posted on 23/05/2025

Trust Bank revenue doubles to S$97m whilst losses narrow in 2024

Costs reportedly rose only 4% in 2024, the Singapore-based digital bank said. Trust Bank’s revenue rose 148% to S$97m in 2024 from S$39m in 2023, according to a report. Operating losses narrowed to ...

Posted on 23/05/2025

Issue 149: Funds take lion’s share of global blended finance volumes; Singapore upgrades sustainability reporting training syllabus

Blended finance at critical crossroads, says Convergence; accounting regulator publishes guide for sustainability reporting trainers Read more at The Business Times.

Posted on 23/05/2025

Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal

HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two ...

Posted on 23/05/2025

Singapore launches world’s first national ESG utility for Scope 1 and 2 reporting

An entity spun-off from the Singapore central bank now offers SMEs a free tool that automatically converts utilities data into basic climate metrics.

Posted on 23/05/2025

Appointments in new Cabinet show climate change remains a priority for Singapore

A notable development is the creation of an Energy, and Science and Technology portfolio within MTI. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 23/05/2025

Visually impaired users in Singapore may soon use voice commands to book a Grab ride

Grab employees have donated 80,000 voice samples to enhance the tool's ability to understand Singaporean accents. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 23/05/2025

Singapore’s core inflation edges up in April; price risks seen tilted to downside

Singapore's key consumer price gauge came in above expectations in April, data showed on Friday, but it remained at a low level and authorities said the risks to inflation were tilted to the downside ...

Posted on 23/05/2025

Singapore market a ‘safe haven’ amid global volatility; market reforms signal upside potential: Morgan Stanley

SINGAPORE] Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per cent. Read more at The ...

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