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Month: May 2025

Posted on 22/05/2025

Over a third of businesses in Singapore already hurting from tariff pain; 9 in 10 expect ripple effects soon: SBF poll

SINGAPORE] Over one-third of businesses in Singapore are already hurting from the global tariff war, with almost 90 per cent expecting to feel its fallout within the next six months. Read more at The ...

Posted on 22/05/2025

Singapore must take sides based on principle as holding geopolitical neutrality ‘not possible’ says DPM Gan

DPM Gan believes that Singapore must remain nimble and to respond fast to the changing world so that Singapore can remain ‘one step ahead’ of its competitors.

Posted on 22/05/2025

Singapore shares slide in tandem with regional bourses and Wall Street

Decliners beat gainers 288 to 178 across the broader Singapore market. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 22/05/2025

Singtel profit rises on cost-cutting, one-off gain

Singapore-based Singtel returned to profit in the second half of fiscal 2025, aided by a SGD1.5 billion exceptional gain.

Posted on 22/05/2025

SingTel posts 9% annual profit rise, unveils $1.5 billion buyback plan

SingTel: Post-tax contributions from the company's associates grew 13%, mainly driven by India's Bharti Airtel, which nearly doubled its quarterly profit on higher tariffs and subscriber growth.

Posted on 22/05/2025

Jail for man who siphoned more than S$12.5 million of investor funds through fake wine investment scheme

Eldric Ko went on the run in 2011 to avoid the repercussions of his actions, and only returned to Singapore last year.

Posted on 22/05/2025

Jail for man who devised bogus wine investment scheme, pocketed $12.67m of investors’ funds

A man, who set up a company that dealt with wines, and an alleged accomplice devised a fraudulent investment scheme involving the beverage to cheat over 200 investors of millions of dollars between ...

Posted on 22/05/2025

Many Singapore family businesses unprepared for succession; some prefer to sell: HSBC

SINGAPORE] Many family-owned companies in Singapore are not fully prepared to pass on the business to the next generation, an inaugural HSBC report released on Wednesday (May 14) has said. Read more ...

Posted on 22/05/2025

3 arrested for allegedly evading over $936k in cigarette duties and taxes

A lorry, 8,642 cartons and one packet of duty-unpaid cigarettes were seized. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 22/05/2025

Singapore Business Federation launches guide to help firms navigate trade barriers

The Republic's apex business chamber is also drafting financing and other measures to help companies. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 22/05/2025

New ministerial role for energy carved out in Singapore cabinet reshuffle

New ministerial role for energy carved out in Singapore cabinet reshuffle. PM Lawrence Wong appoints second minister of trade and industry Dr Tan See Leng to new position.

Posted on 22/05/2025

Singapore DPM Says Holding Geopolitical Neutrality Not Possible

Singapore’s Deputy Prime Minister Gan Kim Yong said neutrality is not possible, highlighting the rising challenges for the city-state that has long sought to tread a diplomatic tightrope amid US-China ...

Posted on 22/05/2025

Dueling US-China Videos Spark Pushback From Singapore Government

Singapore signaled displeasure at embassies attempting to evoke a public response, after the US and Chinese missions to the city-state posted dueling social media videos lashing out at one another on ...

Posted on 22/05/2025

Singapore keeps 2025 growth forecast at 0% to 2%, though outlook ‘improved slightly’ from trade truces

SINGAPORE: The Government is keeping Singapore's economic growth forecast for 2025 at zero per cent to 2 per cent, though it said the external demand outlook for the rest of the year has "improved ...

Posted on 22/05/2025

DBS CEO Tan Su Shan named 6th most powerful woman in business in Fortune’s list

Ms Tan was ranked 89th on the magazine’s list in 2024. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 22/05/2025

Eight stocks to see ‘renewed investor interest’ as MAS nears allocation of $5 billion fund: DBS

MAS, according to 'market chatter', is 'close to shortlisting' investment managers to help manage the $5 billion Equity Market Development Programme fund ...

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