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Month: August 2025

Posted on 19/08/2025

DBS remains RHB’s top banking pick amid ‘tough’ 2QFY2025; RHB expects FY2025 sector patmi to fall by 6% y-o-y

DBS Group Holdings remains the banking sector top pick for the team at RHB Bank Singapore as the banks generally had a “tough” 2QFY2025.

Posted on 19/08/2025

Popular automaker rolls out crypto payments for customers

Volkswagen Group Singapore (VGS) has teamed up with FOMO Pay, a major payment company, to let people pay for their cars and services via digital currency. This is the first time an automotive ...

Posted on 19/08/2025

True Global Ventures Secures Expanded MAS License, Paving Way for Crypto Funds

True Global Ventures 4 Plus (TGV) has secured a Capital Markets Services license from the Monetary Authority of Singapore.

Posted on 19/08/2025

China Merchants Bank (CMB) has introduced a 24/7 crypto trading platform in Hong Kong

CMB International Securities Limited, a subsidiary of China Merchants Bank (CMB), one of China’s largest banks with over $1.7 trillion in assets, has launched a cryptocurrency exchange in Hong Kong.

Posted on 19/08/2025

Asian crypto traders profit from Trump’s win, China’s 2025 CBDC …

Just last week, Coinbase’s US rival exchange Gemini revealed it had received in-principle approval for Singapore’s crypto business license — one that Coinbase obtained back in October 2023.

Posted on 19/08/2025

Chinese EV maker Nio to debut in Singapore, its first Southeast Asia market

Chinese electric vehicle brand Nio plans to debut in Singapore in the first quarter of 2026, marking its first market in the Southeast Asia region.

Posted on 19/08/2025

Chinese EV brand Nio to be launched in Singapore in first quarter of 2026

Singapore is Nio's first Southeast Asian market. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 19/08/2025

Singapore Dollar Consolidates Amid Focus on Possible Russia-Ukraine Meeting

The Singapore dollar consolidated against its U.S. counterpart in the Asian session amid the market’s focus on a possible Russia-Ukraine meeting.

Posted on 19/08/2025

Aspire Launches Yield Solution to Boost SMEs Investment Returns

The launch follows AFT SG 2 Pte Ltd, a company within the Aspire Group, securing its Capital Markets Services License (CMS) from the Monetary Authority of Singapore (MAS) in April 2025, enabling it to ...

Posted on 19/08/2025

Yangzijiang Financial to anchor $100 million fund of firm led by ex-CEO Vincent Toe

The fund will invest exclusively in Singapore SMEs, and is expecting to start doing so in September. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 19/08/2025

Tariffs worry economists for Singapore’s 2H2025 following July’s 4.6% y-o-y NODX decline

The contraction was largely due to the 6.6% drop in non-electronic exports, of which the lacklustre performance of pharmaceuticals and petrochemicals saw an 18.9% and 23.4% y-o-y decline respectively.

Posted on 19/08/2025

Former Yangzijiang Financial CEO Vincent Toe’s ICH Group seeks to give Singapore’s small and mid-cap IPO market a leg up

SINGAPORE] Vincent Toe, the former chief executive of Yangzijiang Financial, understands the challenges that companies with small-to-mid market capitalisation face when they attempt to get listed.

Posted on 19/08/2025

Singapore office demand soars 12-fold while Hong Kong remains ‘subdued’, Colliers says

Hong Kong prime office rents could decline by 10 per cent this year as vacancy rates climb to about 19 per cent, report says.

Posted on 19/08/2025

3 charts show Shein’s big leaps in a key market ahead of its IPO

The fast fashion giant reported a more than 56% profit gain in 2024 compared to 2023 in the UK. It also nearly tripled its headcount in the country.

Posted on 19/08/2025

Partners, Hillhouse Platform Buys $238 Million Singapore Assets

Swiss alternatives manager Partners Group and Hillhouse Investment-backed platform EZA Hill Property Management Pte are part of a group buying four industrial and logistics properties in Singapore for ...

Posted on 19/08/2025

Singapore: 30-Year-Old Motorcyclist Dies in Multi-Vehicle Collision on TPE

The police said on Sunday that the man was unconscious when he was taken to the hospital, however, he passed away later.

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