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Month: August 2025

Posted on 01/08/2025

Singapore’s OCBC flags tariff headwinds as Q2 profit falls

SINGAPORE -- Singapore's Oversea-Chinese Banking Corp. (OCBC) on Friday flagged “continued headwinds from tariffs and geopolitical tensions,” as the lender reported a 7% year-on-year decline in net ...

Posted on 01/08/2025

ICA reports 43% rise in foreigners being refused entry into Singapore in first half of 2025

Singapore's Immigration and Checkpoints Authority reported a 43% rise in foreigners being refused entry in the first half of 2025. No-Boarding Directives will also be issued progressively, to get ...

Posted on 01/08/2025

More than $1.7 million lost in scams using fraudulent mobile apps

In this scam variant, victims are lured by opportunities to start a business or to invest. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 01/08/2025

US tariff on S’pore exports likely to remain at 10%

U.S. President Donald Trump and the White House announced on Aug. 1 that the "universal tariff" for goods entering the U.S. will remain at 10 per cent, which was the same number he announced on ...

Posted on 01/08/2025

Singapore manufacturers race to lower cost base before US tariffs kick in

Singapore manufacturers are scrambling to lower their cost base ahead of US tariffs kicking in on Aug 1. Some are splitting operations to produce entirely within the US for American customers, separate from global supply chains.

Posted on 01/08/2025

What to expect from Singapore’s real estate investment sales market

Investment sales might be stymied for the rest of the year. According to a report from Savills, although interest rates have fallen dramatically in Singapore, with the all in borrowing cost for good ...

Posted on 01/08/2025

Singapore’s OCBC sees lower 2025 net interest income after Q2 profit falls

Singapore’s second-largest bank, on Friday cut its net interest income outlook for 2025 after clocking a drop in its second-quarter net profit, albeit in line with expectations.

Posted on 01/08/2025

UOB Plaza One lights up Singapore skyline with record-breaking projection display

Singapore's UOB Plaza One set three Guinness World Records titles with a spectacular projection mapping for SG60 celebrations.

Posted on 01/08/2025

Trump modifies reciprocal tariffs ahead of deadline; rate on Singapore likely to remain at 10%

Senior US officials said that the tariff rate will be 10 per cent for trade partners the US enjoys a trade surplus with. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 01/08/2025

YSRCP leader sent mails to Singapore govt. to stall investments in A.P., alleges Lokesh

HRD and IT Minister Nara Lokesh exposes YSRCP's sabotage attempts against Andhra Pradesh's development, urging for investment support.

Posted on 01/08/2025

Exclusive-China Galaxy, CICC plan over $1 billion investment funds in Southeast Asia

By Yantoultra Ngui and Rae Wee SINGAPORE (Reuters) -State-backed investment banks China International Capital Corp and China Galaxy Securities plan to launch funds worth a total of more than $1 ...

Posted on 01/08/2025

Jetstar Asia bids farewell as final flight from Singapore departs, marking end of 20-year journey

More than half of the job applications by the airline's retrenched staff have led to job offers or interviews, CEO John Simeone says.

Posted on 01/08/2025

Singapore’s OCBC sees lower 2025 net interest income, Q2 profit matches forecasts

Singapore's second-largest bank, Oversea-Chinese Banking Corp (OCBC), lowered its net interest income expectation for 2025 after posting on Friday a 7% year-on-year drop in second-quarter net profit ...

Posted on 01/08/2025

How a sinkhole revived a debate about migrant workers’ rights in Singapore

When a 3m (10ft) deep sinkhole on a busy Singapore road swallowed a black Mazda on Saturday, a group of workers at a nearby construction site sprung into action.Grabbing a rope from their work site, ...

Posted on 01/08/2025

Singapore ranks second globally in AI readiness

Singapore has been ranked second globally in AI readiness, according to Salesforce’s newly released Global AI Readiness Index.

Posted on 01/08/2025

Ex-engineer at Singapore’s health tech agency jailed for accepting S$18,000 Paris trip as bribe

Ng Kah Siang rejected a visit to Huawei's Changi lab, opting instead for a fully sponsored Europe trip with his wife from a vendor seeking to win a tender.

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