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Category: BUSINESS

Posted on 07/11/2024

Singapore bank DBS Group’s third-quarter net profit jumps 15% on year to record high

DBS Group , Singapore's biggest bank, posted on Thursday a 15% jump in net profit in the third quarter from a year earlier to a record high of S$3.03 billion ($2.27 billion) driven by total income ...

Posted on 07/11/2024

Changi Airport Group’s $273 million runways and taxiways investment tax break appeal gets denied by High Court

The decision stresses a key differentiation in tax law between physical infrastructure and operational equipment ...

Posted on 06/11/2024

Yields Soar as Likely Trump Win Stirs ‘Bond Vigilantes’

Treasury yields surged once it became clear Trump had considerably improved on his 2020 election performance against Joe Biden. The two-year yield peaked at 4.312%, its highest since August, and last ...

Posted on 06/11/2024

Singapore Announces Plans To Introduce Autonomous Vehicles For Public And Logistics Use

Singapore’s Transport Minister Chee Hong Tat said that autonomous vehicle AV is the future and that the technology can be scaled and used along fixed routes.

Posted on 06/11/2024

CIIE: Singapore firms take long-term view towards Chinese market

SHANGHAI: Singapore firms take a long-term view towards China, a market with huge potential and growing sophistication, and regard investing in the country as a long game, according to the Singapore ...

Posted on 06/11/2024

Singapore crypto exec fired over alleged drink spiking during job interview at HK bar

SINGAPORE, Nov 6 — A Singaporean man has been dismissed from his roles at two crypto firms following allegations of drugging a woman he was interviewing for a job. Singapore media site AsiaOne ...

Posted on 06/11/2024

What lies ahead for Singapore’s medical device market?

The sector will benefit from rising healthcare expenditure driven by an ageing population. Singapore’s medical device market is projected to rise at a compound annual growth rate of 7.5% in local ...

Posted on 06/11/2024

Asia’s export-driven economies brace for upheaval under Trump

Former US president’s proposals for sweeping tariffs threaten to hobble exports that drive the region’s growth.

Posted on 05/11/2024

World Precision expects loss after tax for 3QFY2024 in profit guidance

The group adds that it also expects a loss after tax for the full-year FY2024 period ending Dec 31. Shares in World Precision Machinery closed flat at 27.5 cents on Nov 5.

Posted on 05/11/2024

USDG: Global Dollar Network Launches Singapore-Based Stablecoin with Robinhood, Kraken Partnership

Seven major crypto companies launched USDG, a Singapore-based stablecoin that will share 97% of reserve earnings with network participants while competing against established players Tether and USDC.

Posted on 05/11/2024

Retail sales in Singapore up 2% in September, boosted by motor vehicle sales

SINGAPORE – Retail sales here went up in September ... Major sporting events, popular concerts, business travel, and meetings, incentives, conventions and exhibitions could support retail sales while ...

Posted on 05/11/2024

Four Singapore shipping companies sanctioned by the US over Russian ties

The US State Department said the LNG Alpha Shipping, LNG Beta Shipping, LNG Delta Shipping, and LNG Gamma Shipping, all companies registered in Singapore, are majority owned by New Transshipment FZE, ...

Posted on 05/11/2024

Only 4 in 10 Singapore firms see AI as fully transformative

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this ...

Posted on 05/11/2024

Monetary Authority of Singapore to Drive Tokenized Asset Growth with Industry Partnerships and New Frameworks

Singapore’s MAS has published two frameworks to advance tokenization in the country. The financial authority aims to build a supportive system where different market tools and platforms work well ...

Posted on 05/11/2024

New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies

The USDG stablecoin is issued out of Singapore by Paxos, and is broadly in line with the Monetary Authority of Singapore's upcoming stablecoin ...

Posted on 05/11/2024

Crypto firms including Robinhood, Kraken launch global stablecoin network

A consortium of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday introduced a joint stablecoin pegged to the U.S. dollar. The aim of the newly ...

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