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Month: June 2025

Posted on 06/06/2025

Is Singapore building the next Silicon Valley?

The new Punggol Digital District hopes to power the island's transition into a smart hub for cutting-edge technology.

Posted on 05/06/2025

Fintech major PhonePe appoints new board member as it prepares for IPO

PhonePe is the largest player on India's real-time payments system Unified Payments Interface (UPI). It reversed its listing from Singapore to India in 2022 ...

Posted on 05/06/2025

Which segment in Singapore saw the biggest slowdown in condo prices?

Non-landed home prices in this area only inched up by 0.3%. The URA property price index for all private residential properties in Singapore grew by 0.8% QoQ in Q1/2025 after a 2.3% increase in the ... ( read original story ...)

Posted on 05/06/2025

Bridging Dubai and Singapore: A private banking mission in a changing world

From an apartment a few streets away, Ranjit Khanna – head of private banking for Bank of Singapore in the Middle East and Europe – watched, phone in hand, capturing the moment. It was, he says, “so ...

Posted on 05/06/2025

Great Eastern plans to delist through higher OCBC-backed bid: Bloomberg

SINGAPORE] Great Eastern is considering options that include a plan to delist via an offer by OCBC, which will be higher than its original offer in May last year, Bloomberg reported on Thursday (Jun 5 ...

Posted on 05/06/2025

Singapore Court Blocks WazirX Restructuring Plan After $230 Million Crypto Hack

WazirX restructuring plan rejected by Singapore court, delaying fund recovery for users after 2024 crypto platform hack.

Posted on 05/06/2025

Singapore Paincare up 12.1% on Sias valuation

SINGAPORE] Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, valued the medical services company at more than double its ...

Posted on 05/06/2025

Best Credit Card Promotions in Singapore (Jun 2025): Citibank, DBS, HSBC, UOB, and More

This June, sign up for a credit card and you could walk away with welcome gifts like: Apple 10.9-inch iPad 10th Gen WiFi 64GB (worth $499) Sony WH-1000XM5 Wireless Noise Cancelling Headphones (worth ...

Posted on 05/06/2025

Shein shifts Australian marketplace to Singapore, raising tax question

The Chinese online fast fashion giant, which has expanded rapidly with low prices and a large range of merchandise, moved transactions to an overseas entity.

Posted on 05/06/2025

WazirX exits Singapore, rebrands as Zensui, as court rejects restructuring plan after $235-million hack

Amid the Singapore High Court's rejection of its restructuring plan, WazirX is rebranding as Zensui and relocating operations to Panama. While the court's decision does not affect user-owned assets, ...

Posted on 05/06/2025

Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

MAS has finalised the Singapore DTSP licensing rules. Here’s what crypto firms must comply with by 30 June 2025 to stay operational.

Posted on 05/06/2025

More than $8.5b GST collected by Singapore Customs in 2024; increase in tobacco and liquor offences

GST rates increased from 7 per cent to 8 per cent in 2023, and to 9 per cent in 2024. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 05/06/2025

Singapore retail sales rise in April by 0.3%

The total retail sales value in April was $3.9 billion. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 05/06/2025

Best Fixed Deposit Rates in Singapore (Jun 2025)—Minimum Deposits From $500, Rates Up To 2.45%

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Posted on 05/06/2025

DBS, UOB back 6.7 trillion rupiah loan facility for data centre campus in Batam’s Nongsa Digital Park

SINGAPORE] DBS and UOB have jointly provided a 6.7 trillion rupiah (S$530 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia. Read more at The Business ...

Posted on 05/06/2025

DBS and UOB provide record IDR6.7 trillion loan for data centre development project in Batam

DBS Bank and United Overseas Bank(UOB) have jointly provided a landmark IDR6.7 trillion loan facility to finance the development of a new data centre campus in Batam, Indonesia, according to a joint ...

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