The Singapore dollar is steady against its U.S. counterpart in the Asian session. The weak U.S. JOLTS job openings in July places a Fed rate cut in the bag later this month, says José Torres,senior ...
OCBC Indonesia’s ‘big advantage’ over local, Chinese banks
OCBC Indonesia believes its 205 office networks in 54 cities is a superior choice for Chinese firms looking to set up shop in Southeast Asia’s most populous country.
Firms can tap OCBC’s network to expand in Indonesia amid push to boost local manufacturing
The country is South-east Asia’s largest consumer market. Read more at straitstimes.com. Read more at straitstimes.com.
OCBC analysts maintain Indonesia’s growth forecast despite protests
Even with the protests that escalated in Jakarta on Aug 28, OCBC Global Markets Research economists have kept their 2025 GDP growth forecast for Indonesia unchanged at 4.7%.
Singapore’s snowballing cash levels are boosting local bonds
SINGAPORE] The recent build-up of cash in Singapore’s money market is strengthening demand for the nation’s bonds, driving returns to near the highest in the region. Read more at The Business Times.
More Chinese companies looking to manufacture in Indonesia: OCBC
JAKARTA] Chinese companies are increasingly looking to set up their manufacturing operations in Indonesia, instead of just exporting and distributing their products in the South-east Asian nation.
Data centres to drive threefold jump in jobs in Singapore; wages higher than national average: report
SINGAPORE] The data centre sector is making an “outsized” contribution to Singapore’s economy and has created several thousand jobs directly linked to this sector – with above-average wages, said a ...
Singapore government orders Meta to comply with anti-scam measures or risk hefty S$1M fine
SINGAPORE: The Singapore government has directed tech giant Meta to take stronger measures against scams involving the impersonation of government officials on its platforms. Failure to comply could ...
Over 370,000 Singapore bank customers used the money lock feature
More than $30b have been locked up. At least 370,000 Singapore bank customers have used the money lock feature, saving over $30b as of 30 June, according to the Singapore Police Force Mid-Year Scam ...
300,000 vapes seized in Malaysia, shipment believed bound for Singapore
Malaysian Customs has seized about 300,000 vapes at Port Klang, with investigators saying the haul was bound for Singapore's black market.
Combined Wealth Of Singapore’s 50 Richest On Forbes List Rises 23% To Record US$239 Billion
The combined wealth of tycoons on the 2025 Forbes list of Singapore’s 50 Richest rose by 23% to US$239 billion.
S’pore’s stock market bull run is just getting started, with room for more upside: Fund chief
Improving sentiment and better valuations could also open the door for new players in emerging sectors to list. Read more at straitstimes.com. Read more at straitstimes.com.
Property Billionaire Kwek Leng Beng And Son Call A Truce To Restore Investor Confidence At CDL
Earlier this year, property magnate Kwek Leng Beng, 84, took his son Sherman, 49, to court over what appeared to be a battle for control of their family’s crown jewel, City Developments Ltd. (CDL). ( read original story ...)
Singapore’s 50 Richest 2025: Combined Wealth Jumps To $239 Billion; Facebook Cofounder Eduardo Saverin Adds $14 Billion To Remain At No. 1
On the 60th anniversary of its independence, Singapore posted better-than-expected economic growth of 4.3% in the first half of 2025, thanks to an export overdrive amid tariff-related uncertainties.
Family Of The Late Paints Billionaire Goh Cheng Liang Debuts On Singapore’s 50 Richest List At No. 4
Paints tycoon Goh Cheng Liang, whose life epitomized the classic tale of a self-made billionaire, passed away in August at age 98. His fortune is now listed under his heirs, who appear at No. 4 as the ...
Economists raise Singapore growth forecast to 2.4% for 2025; see growth slowing to 1.9% in 2026
Possible levying of semiconductor and pharmaceutical tariffs by US seen as biggest threat to outlook. Read more at straitstimes.com. Read more at straitstimes.com.