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Month: October 2025

Posted on 01/10/2025

Singapore court rejects US$2.7 billion 1MDB-linked suit against Standard Chartered, BSI

The judge dismissed the liquidators’ suit as the alleged transactions happened before Singapore’s cross-border insolvency law took effect.

Posted on 01/10/2025

ExxonMobil to cut up to 500 Singapore employees by end-2027 as part of global restructuring

The company also plans to exit its HarbourFront office and move all employees to the newly expanded Jurong Refinery by 2027 Read more at The Business Times.

Posted on 01/10/2025

F1 Singapore GP: Five things to watch out for

Formula 1 takes to the streets of Singapore this weekend, so here are five things that you should watch out for ...

Posted on 01/10/2025

Simba, M1 to retain popular $10 and $12 mobile plans, current prices after proposed merger

IMDA is also asking if the industry and the public have any concerns over the proposed merger. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 01/10/2025

Singapore overtakes London in ranking of top 20 IPO markets

Singapore jumped to 9th place with US$1.44 billion raised, driven by property trust listings. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 01/10/2025

DBS, UOB, OCBC lead dividend growth as Singapore companies pay out US$8.2 billion in H1

DBS was among the top 13 banking contributors to H1 dividend growth, says Capital Group Read more at The Business Times.

Posted on 01/10/2025

The Global Crypto Industry Convenes: TOKEN2049 Singapore 2025 Sells Out as the World’s Largest Industry Gathering

The world’s largest crypto gathering begins today in Singapore, bringing together 25,000 attendees, 500+ exhibitors, and 1,000 side-events for the most important week on the ...

Posted on 01/10/2025

Singapore dollar-backed stablecoin XSGD launches on Coinbase amid rising crypto adoption

Separately, XSGD is the basis for Singapore’s first stablecoin scan-to-pay service, OKX Pay, that was also launched this week.

Posted on 01/10/2025

Singapore’s Token2049, world’s biggest crypto event, draws 250,000 amid US policy shift

Crypto enthusiasts from around the globe descend on the city state, preaching a future where blockchain-based technology dominates.

Posted on 01/10/2025

Exxon expects cut of 10% to 15% in Singapore workforce by end-2027

Exxon Mobil Corp expects to cut staff numbers in Singapore by 10% to 15% and move its office to its Jurong plant on the island by the end of 2027, the company said on Wednesday, in a global ...

Posted on 01/10/2025

What is the schedule, weather forecast and TV info for the F1 Singapore GP?

Singapore joined the F1 calendar in 2008 and has remained ever since, apart from the COVID-affected seasons in 2020 and 2021. The race has always been held at Marina Bay Street Circuit and the first ...

Posted on 01/10/2025

CICT overtakes Hong Kong’s Link Reit to become Asia’s largest real estate investment trust

A main factor behind this is the strength of the Singapore dollar, which has gained 5.4% against the greenback so far this year, while the Hong Kong dollar has fallen 0.2% Read more at The Business ...

Posted on 01/10/2025

Khazanah’s chief investment officer urges investors to ‘co-parent’ Asian firms amid weak returns

He says public market investors can play a more active role, while private equity can acquire underperforming assets Read more at The Business Times.

Posted on 01/10/2025

World Liberty Financial to launch debit card as early as this year

World Liberty Financial, a crypto venture backed by the family of U.S. President Donald Trump, plans to launch a debit card that would "bridge crypto assets with everyday spending", its CEO Zach ...

Posted on 01/10/2025

Exxon expects to cut Singapore staff by 10% to 15% by end-2027

Exxon Mobil Corp expects to cut the number of its employees in Singapore by 10% to 15% and move its office to the site of its Jurong plant from downtown by the end of 2027, in global restructuring ...

Posted on 01/10/2025

Investment strategist Phua Zhenghao and portfolio manager Grace Yan join asset management team at CGSI

Phua will oversee the CGSI’s public markets investment strategies, while Yan will “play a key role” in advancing the firm’s equity and thematic strategies.

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