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Category: BUSINESS

Posted on 14/03/2025

Singapore’s DBS raises $2 billion through US dollar bonds, term sheet shows

DBS Group , Southeast Asia's biggest bank, has raised $2 billion through a multi-tranche U.S. dollar senior bond issuance for general business purposes and to finance treasury activities, according to ...

Posted on 14/03/2025

AIA Singapore’s value of new business rises 15% in 2024 to US$454 million

SINGAPORE] AIA Singapore’s value of new business (VONB) rose 15 per cent on the year to US$454 million for the full year ended Dec 31, 2024, from US$394 million in the year-ago period, on a constant ...

Posted on 14/03/2025

CNA Explains: What happens if a Singapore-licensed investment platform goes under?

On online forums and social media, users highlighted that – unlike for bank deposits – money placed with such investment platforms is not covered by the Singapore Deposit Insurance Corporation's (SDIC ...

Posted on 14/03/2025

Fortify your business: Ransomware is eyeing your small enterprise – are you prepared?

Three in five ransomware attacks target SMEs. Here’s how the Cyber Security Agency of Singapore (CSA) can help you keep your defenses up and avoid losses from security breaches Read more at ...

Posted on 14/03/2025

SingPost shareholders vote overwhelmingly in favour of A$1 billion sale of Australian business

[SINGAPORE] Singapore Post (SingPost) shareholders on Thursday (Mar 13) voted in favour of the sale of the Australian logistics business Freight Management Holdings (FMH). Of the shareholders who ...

Posted on 14/03/2025

Nvidia chip smugglers get bail in $390M fraud case in Singapore

Among the Nvidia smugglers, two men from Singapore were given bail of $600,000 each, and the third man, who was from China, was given bail of $1 million.

Posted on 14/03/2025

Singapore-US business ties: US firms urged to partner local businesses even amid global challenges

US firms are encouraged to maximise opportunities in Southeast Asia, using Singapore as a base. Deputy Prime Minister Gan Kim Yong says local businesses can play a role in strengthening the supply ...

Posted on 13/03/2025

SingPost shareholders vote almost unanimously in favour of selling Australian logistics business

Decision leaves SingPost with ailing postal network operation, room for strategy reset. Read more at straitstimes.com.

Posted on 13/03/2025

Singapore fraud case: Three accused in Nvidia chip export scheme get bail up to S$1m

Three men linked to the export of computer servers to Malaysia that may contain Nvidia chips have been offered bail, with amounts ranging up to S$1 ...

Posted on 13/03/2025

Outlook for record Chinese second-quarter soybean imports may ease supply tightness

By Ella Cao, Mei Mei Chu and Naveen Thukral BEIJING/SINGAPORE (Reuters) - China is poised to receive record soybean imports in the second quarter, traders and analyst said, after delayed Brazilian ...

Posted on 13/03/2025

Up to S$1mil bail offered to three men charged with fraud in Singapore case linked to Nvidia chips

SINGAPORE: Bail has been offered to three men allegedly linked to computer servers exported to Malaysia that might contain Nvidia chips.

Posted on 13/03/2025

Singapore to collaborate with US businesses amid rising protectionism: DPM Gan

U.S. embassy in Singapore catheterised US-Singapore economic relations as enduring and dynamic. Read more at straitstimes.com.

Posted on 13/03/2025

AmCham Singapore launches expanded hub in Shaw Centre

SINGAPORE] The American Chamber of Commerce in Singapore (AmCham) launched its newly expanded AmChamSG Hub at Shaw Centre on Thursday (Mar 13), symbolising the strengthening of ties between the US and ...

Posted on 13/03/2025

Who is Tan Lip-Bu, the Singapore-raised tech titan tasked with steering Intel’s comeback?

Tan Lip-Bu may be one of the most powerful technology executives you've never heard of. As he steps into one of the highest-profile jobs on the planet - CEO of troubled, storied chipmaker Intel - his ...

Posted on 13/03/2025

Temasek acquires nearly 10% stake in Haldiram’s snacks business for US$1 billion

Temasek, Singapore’s state investment firm, has signed a deal to acquire nearly 10% of Haldiram’s snacks business for around US$1 billion, valuing the company at US$10 billion. The deal follows ...

Posted on 13/03/2025

Intel gets new CEO Tan Lip-Bu, a chip industry veteran who grew up in Singapore

Intel on Wednesday (Mar 12) named former board member and chip industry veteran Tan Lip-Bu as its CEO and signalled the struggling but storied chipmaker was unlikely to split up its chip-design and ...

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