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Category: BUSINESS

Posted on 19/07/2024

Hyundai launches second made-in-Singapore electric car, expands charging options

Separately, Hyundai is expanding charging options for owners of its EVs. An agreement has been signed for SP Mobility to be the second provider of destination charging – that is, charging outside the ...

Posted on 19/07/2024

Singapore sends rescue teams to help crew of oil tankers on fire

Two oil tankers have caught fire about 55 km (34 miles) northeast of the Singaporean island of Pedra Branca, the Maritime and Port Authority of Singapore (MPA) said on Friday.

Posted on 19/07/2024

Who is Guo Wengui and why is Singapore blocking social media accounts linked to him?

The exiled billionaire teamed up with Donald Trump’s former adviser Steve Bannon to set up a political movement aiming to overthrow China's Communist Party.

Posted on 19/07/2024

Singapore orders social media sites to block 95 accounts, in first such use of foreign interference law

FIVE social media platforms have been directed by the authorities to block a network of 95 accounts that published coordinated posts spreading allegations that Singapore is being controlled by China.

Posted on 19/07/2024

Pundi X unveils new AI-powered crypto payments solution for merchants

Pundi X Pay for merchants is a solution that allows customers to pay at physical stores via an AI-powered omni QR code layer ...

Posted on 18/07/2024

Singapore fintech startup draws $4.5 million in latest funding round

SINGAPORE: Singapore-based fintech startup PEXX has successfully raised $4.5 million in a seed funding round. The funding round was led by TNB Aura and saw participation from venture capital firm ...

Posted on 18/07/2024

Singapore’s economy grows by 2.7% in Q1 2024

SINGAPORE: Singapore’s economy experienced a 2.7% growth ... remained in expansionary territory as of May, indicating positive business sentiment. The services sector played a significant role in the ...

Posted on 18/07/2024

Germany’s longstanding popularity with Singapore companies gets new boost

marketing and business matching in Europe, as well as facilitating projects and discussions and securing leads. This was up from 190 in 2022 and 150 in pre-Covid 2019. On average, the number of ...

Posted on 18/07/2024

Singapore’s Umami Bioworks in US cell-based pet-treats venture

Singapore-based cultivated-seafood business Umami Bioworks has inked a deal with US firm Friends & Family Pet Food Co. (FnF) to create lab-grown fish treats for cats. Claiming a world first for such a ...

Posted on 18/07/2024

More Singapore businesses aware of and benefited from free trade agreements in 2023: SBF

according to the Singapore Business Federation’s Free Trade Agreement Survey 2023. The survey was conducted between October and December 2023. More than 800 businesses across industries in Singapore ...

Posted on 18/07/2024

Singapore continues to see strong growth in wealth inflows; MAS working to reduce wait time

SINGAPORE continues to see strong growth momentum for wealth inflows, even as financial institutions stepped up onboarding processes in the wake of the S$3 billion money laundering case uncovered last ...

Posted on 18/07/2024

Singapore sees growth in assets management, debt market last year

SINGAPORE, July 18 (Xinhua) -- Singapore's asset management volume reached 5.41 trillion Singapore dollars (4 trillion U.S. dollars) by 2023, a 10 percent growth from the previous year, according to ...

Posted on 18/07/2024

These Return Metrics Don’t Make Genting Singapore (SGX:G13) Look Too Strong

And from a first read, things don't look too good at Genting Singapore (SGX:G13), so let's see why. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use ...

Posted on 17/07/2024

Bitcoin L2s help crypto miners in Asia supplement income with staking

Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving. One crypto narrative that has garnered significant traction across the ...

Posted on 17/07/2024

Allianz plans majority stake in Singapore firm to widen access to Asia markets

Europe's largest insurer, Allianz, is aiming to substantially enhance its presence in Singapore. In a statement, Allianz said the offer was a subsidiary collaboration formed through Allianz Europe BV ...

Posted on 17/07/2024

Exclusive: Singapore-Laos clean power deal stuck over transmission, sources say

The extension of a multilateral deal by Singapore to import hydropower from Laos is stuck due to disagreements over how the energy will be transmitted through Malaysia and Thailand, two regional ...

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