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Category: BUSINESS

Posted on 12/06/2024

Economists keep 2.4% forecast for Singapore’s growth, but expect less from manufacturing: survey

PRIVATE-SECTOR economists’ forecasts of Singapore’s growth in 2024 were unchanged, at a median of 2.4 per cent, in the latest quarterly survey of professional forecasters published by the Monetary ...

Posted on 12/06/2024

Daily Cuts – Hosting major events: A reliable business strategy for Singapore’s tourism sector?

Joel Chua and Justine Moss speak with Dr Kevin Cheong, Managing Partner, Syntegrate, about whether hosting major events have become a new business strategy for Singapore's tourism sector, and if this ...

Posted on 12/06/2024

Customer refunds, business suspension send Cordlife $11.6m into the red in Q1

In the corresponding quarter the year before, it had recorded a net profit of $1.2 million. Read more at straitstimes.com.

Posted on 11/06/2024

Singapore to demand more information from family offices and hedge funds to better monitor the influx of foreign wealth

SINGAPORE: Singapore authorities are intensifying scrutiny of family offices and hedge funds and closing dormant... The post Singapore to demand more information from family offices and hedge funds to ...

Posted on 11/06/2024

Primorye Maneuvers: Russian Oil Tanker Sanctions Evasion Near Singapore

The saga of the Primorye began when it fell under the crosshairs of the US Treasury's Office of Foreign Assets Control (OFAC) ...

Posted on 11/06/2024

Saudi crude oil exports to China to fall for 3rd straight month in July, sources say

Saudi crude oil exports to China will fall in July for a third straight month to about 36 million barrels amid plant maintenance and as some refiners opted for other sources of cheaper oil, several ...

Posted on 11/06/2024

Singapore businesses targeted by ransomware hackers demanding crypto

Akira - a ransomware hacker group -that extorted $42 million from over 250 organizations across North America, Europe, and Australia within a year, is now actively targeting businesses in Singapore, ...

Posted on 11/06/2024

Navigating Compliance: Family Offices and Hedge Funds in Singapore’s Financial Landscape

Its strategic location, robust regulatory framework, and business-friendly environment have attracted a steady influx of foreign wealth, including family offices and hedge funds seeking opportunities ...

Posted on 11/06/2024

Vietnam to let companies import gold for first time in years, industry official says

SINGAPORE — Vietnam is expected to allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international benchmarks, an ...

Posted on 11/06/2024

Singapore shares rose again on Tuesday—STI rose by 0.2%

SINGAPORE: Singapore shares rose again on Tuesday, June 11, influenced by slight gains in US stocks the previous day. The Business Times reported that the Straits Times Index (STI) rose by 0.2%, ...

Posted on 11/06/2024

Exclusive-Vietnam to let companies import gold for first time in years, industry official says

Vietnam is expected to allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international benchmarks, an industry official ...

Posted on 11/06/2024

Top 20 Singapore-listed China-related stocks see median total returns of 8.4% so far this year

Leading the pack was Yangzijiang Shipbuilding, which generated total returns of 67.9 per cent year-to-date. Read more at straitstimes.com.

Posted on 11/06/2024

Singapore Warns Businesses Of Bitcoin Ransomware Risks

Authorities have issued a joint advisory to alert local businesses to the rising threat of the Akira ransomware attack in Singapore.

Posted on 11/06/2024

Singaporean Businesses Targeted by Crypto Ransomware

Akira, an infamous ransomware, has set its eyes on Singaporean businesses after wreaking havoc on others worldwide within a year. It has stolen over $42 million from about 250 firms […] ...

Posted on 11/06/2024

MACC reaches out to Singapore Corrupt Practices Investigation Bureau for information on ‘flying container’ mastermind, reveals source

The Malaysian Anti-Corruption Commission (MACC) has reached out to Singapore’s Corrupt Practices Investigation Bureau (CPIB) in an effort to track ...

Posted on 11/06/2024

MACC REACHES OUT TO SINGAPORE CPIB FOR INFORMATION ON ‘FLYING CONTAINER’ MASTERMIND

has reached out to Singapore’s Corrupt Practices Investigation Bureau (CPIB) in an effort to track A Singaporean national suspected to be the mastermind in the container tax evasion case (flying ...

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