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Category: BUSINESS

Posted on 14/03/2024

Buy Rating on CICT: Poised for Growth with Singapore’s Economic Resilience and Return of Tourism

Rachel Tan’s rating is based on the strong position of CapitaLand Integrated Commercial Trust (CICT) within the stable and resilient Singapore economy, as well as the trust’s significant exposure to ...

Posted on 13/03/2024

UBS starts job cuts at HK, Singapore wealth units after profit slump

Wealth generation in China has stalled as the nation's economy struggles to regain momentum amid a property crisis and a selloff in equities ...

Posted on 13/03/2024

SCCB: Business sentiment in Singapore at its most optimistic since 2023

This uptrend marks the third consecutive quarter of growth, suggesting a sustained positive trajectory in the business landscape ...

Posted on 13/03/2024

Singaporeans can soon travel to JB without passport through new QR code customs clearance system

SINGAPORE: Starting next Tuesday (19 March), travellers entering and exiting Singapore via Woodlands and Tuas Checkpoints by car can utilize QR codes for seamless customs clearance. According to the ...

Posted on 13/03/2024

Singapore bumps up 2024 GDP forecast on manufacturing growth; lowers headline inflation outlook

Singapore's economy is expected to grow at 2.4% in 2024, while its headline inflation is forecast to come in at 3.1%. This is higher compared with the 2.3% growth forecast in the December survey. The ...

Posted on 13/03/2024

Economists raise Singapore’s 2024 growth forecast on hopes of global demand pickup: MAS survey

Singapore’s GDP growth for 2024 was projected at 2.4%, up from an earlier prediction of 2.3%. Read more at straitstimes.com.

Posted on 13/03/2024

Singapore shares surged on Wednesday—STI up 0.2%

SINGAPORE: Singapore shares surged Wednesday morning, reflecting the upbeat sentiment from the US and European markets after the Federal Reserve released its latest inflation data. The Business Times ...

Posted on 13/03/2024

Economists Upgrade Singapore 2024 Growth Forecast, Survey Shows

SINGAPORE (Reuters) - Economists have upgraded Singapore's 2024 growth forecast, according to a survey by the country's central bank published on Wednesday, with better-than-expected external growth ...

Posted on 13/03/2024

The green balancing act: How Singapore SMEs can navigate sustainability and costs

SMEs continue to face challenges in becoming more sustainable, such as lack of resources and manpower, reveals survey. Read more at The Business Times.

Posted on 12/03/2024

How Singapore overtook China as Nigeria’s top trading partner

Singapore has overtaken China as Nigeria's top import partner for the first time in at least 16 years, a BusinessDay analysis of ...

Posted on 12/03/2024

Singapore to Clamp Down on Corporate-Service Providers After Money Laundering Scandal

Singapore is planning to tighten its rules governing corporate-service providers, following a spate of money-laundering cases involving foreign nationals in the city state.

Posted on 12/03/2024

Singapore stocks rise 0.1% on Tuesday ahead of US inflation data

SINGAPORE stocks closed slightly higher on Tuesday (Mar 12) amid mixed trading in regional markets as investors awaited the release of US inflation data. Read more at The Business Times.

Posted on 12/03/2024

Daily Cuts – Why are more people in Singapore going bankrupt?

Singapore bankruptcy applications hit an 18-year high last year - what's behind the surge? Joel Chua and Susan Ng find out more from the co-author of the commentary: Why are more people in Singapore ...

Posted on 12/03/2024

Bitcoin Hovers Near All-Time Peak as Crypto Draws Record Inflows

The original cryptocurrency reached an all-time peak of almost $72,881 on Monday and was trading at $72,165 as of 11:25 a.m. in Singapore on Tuesday. A record $2.7 billion flowed into crypto assets ...

Posted on 12/03/2024

Singapore Central Bank Raises Caution over AI’s Role in Monetary Policy

Edward S Robinson, the deputy managing director for economic policy and chief economist at Singapore's Monetary Authority, issued a clarion call regarding the role of artificial intelligence (AI) in ...

Posted on 12/03/2024

BW Group’s LR1 tanker collides with BPCL’s import mooring near India’s West coast

In a recent maritime incident near India's west coast, the Singapore-flagged Long Range 1 (LR1) tanker belonging to BW Group, named the Hafnia Seine, collided with Bharat Petroleum Corp. Ltd.'s (BPCL) ...

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