Indonesia will cut its fuel imports from Singapore and source supplies from the US and Middle Eastern countries instead, according to the country’s energy minister.
Indonesia eyes cut in fuel imports from Singapore in favour of US as part of tariffs negotiations
Indonesia plans to change the source of some of its fuel imports from Singapore to the United States as part of negotiations over steep tariffs, its energy minister said on Friday.
Singapore banks set aside extra allowances to account for heightened uncertainty
SINGAPORE] The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic environment. Read more at The Business Times.
Property buyer loses S$590k suit against real estate agent, ERA in rare case of size disparity
SINGAPORE] A beauty salon owner bought a commercial unit at D’Leedon condominium for nearly S$1.6 million, assuming that the size of the premises was 818 sq ft. Read more at The Business Times. ( read original story ...)
Singapore’s 3 Big Banks Just Reported Earnings: Here’s What You Need to Know
DBS, UOB and OCBC — just released their Q1 2025 results. Despite global uncertainties, all three posted resilient performances, with DBS and OCBC beating profit forecasts. Here's how each bank fared ...
RI to halt refined fuel imports from Singapore
The energy minister has announced a plan to stop importing refined fuels from Singapore, and instead procure the commodity from Middle Eastern countries.
Singapore’s Sembcorp signs contracts for energy and utilities projects worth over $500 million
Singapore's Sembcorp on Friday said it will provide gas, power and utilities solutions to Aster Chemicals and Energy for a total contract value of over S$650 million ($500.23 million).
Singapore stocks open weaker as Fed leaves rates unchanged; other Asian markets mixed
SINGAPORE] Singapore stocks opened weaker on Thursday (May 8) following the overnight announcement by the US Federal Reserve that it will be holding rates steady. Read more at The Business Times.
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
SINGAPORE] Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million in the year-ago period. Read more at The Business ...
How Singapore’s AI Safety Vision Unites Global Tech Giants
In the rapidly evolving world of technology, the realm of Artificial Intelligence (AI) has become a controversial topic of interest ...
Malaysia and Singapore attracted bulk of US$2.4 billion green investment hike in Southeast Asia in 2024
Malaysia has boosted renewables-powered data centres while Singapore's solar energy financing jumped. But progress is uneven in the region as it struggles to close an annual funding gap of more than ...
Singapore stocks retreat as investors keep eye on tariff negotiations; STI dips 0.4%
Venture Corp was the top gainer on the index, while Mapletree Logistics Trust led the losers. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore’s OCBC maintains 2025 guidance despite challenging outlook
Chinese Banking Corp (OCBC), Singapore's second largest bank, maintained 2025 guidance and set aside credit allowances, citing a challenging economic outlook after posting on Friday a 5% drop in first ...
Singapore’s bank OCBC first-quarter net profit drops 5%, but beats forecast
Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) reported on Friday a 5% decline in net profit in the first quarter, the first drop since the first quarter of 2022, mainly on lower ...
GSR’s Josh Riezman on Regulation, Risk, and Readying Crypto for the Next Phase
The market-maker, investor and asset manager aims to be a “one-stop shop for market participants,” says its Chief Strategy Officer. Riezman is a speaker at Consensus 2025 May 14-16.
Singapore’s Temasek, UK family office invest in digital impact marketplace Co-Axis
Singapore state investment company Temasek Holdings and UK family office Richardson Family are investing S$1.25 million (US$1 million) in Co-Axis, a digital impact investment marketplace.