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Category: BUSINESS

Posted on 04/05/2023

Exports did reasonably well, need services boost to hit $2 trillion: National University of Singapore’s Amitendu Palit

Outbound shipments may have to navigate difficult waters as the globe is headed towards a slowdown and the effects of de-globalisation and fragmentation of supply chains show up, says the Senior Resea ...

Posted on 04/05/2023

As office and shop rentals rise, storage space providers see brisk business. But for how long?

Storage providers are not immune from the very same rental pressures, since not all own the properties they are in.

Posted on 03/05/2023

Woman fined $12k for illegally importing over 200kg of meat products and processed food

The unauthorised consignment was uncovered in 2022 after scanned images revealed anomalies. Read more at straitstimes.com.

Posted on 03/05/2023

Singapore factory activity drops in April as electronics sector downturn drags on

PMI fell 0.2 points to 49.7 in April and followed a 0.1 point decline in March. Read more at straitstimes.com.

Posted on 03/05/2023

Hong Kong holds edge over Singapore as top business hub thanks to availability of talent and ample supply of office space: research

A study rating perennial rivals Hong Kong and Singapore as business hubs gives the overall edge to Hong Kong thanks to factors such as its financial prowess and talent pool, while pointing out ...

Posted on 03/05/2023

Hong Kong holds edge over Singapore as business hub amid talent war, as narrower office-rent gap tightens race: research

CBRE report gives the overall edge to Hong Kong thanks to factors such as its financial prowess and talent pool Singapore maintains an advantage in technology, as well as ESG initiatives and green ...

Posted on 02/05/2023

Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec

Vijay Ayyar, Luno's vice president of corporate development and international, resigned from the firm after seven years working there.

Posted on 02/05/2023

Fresh pork back in stock in Singapore, ending temporary disruption over African swine fever discovery

Fresh pork is available at local supermarkets and it will be distributed to wet markets from Wednesday (May 3), says Senior Minister of State for Manpower Koh Poh Koon.

Posted on 02/05/2023

Singapore jails Chinese trio for ‘sophisticated’ theft of casino chips with super glue on their palms

The three men from China, who were in Singapore for a holiday and to gamble, received jail terms of 7-10 months From March 6 to 11, they stole about US$1,100 worth of casino chips in total at the ...

Posted on 02/05/2023

Reports of US$10 million investment into crypto company Array is ‘fake news’: Temasek

SINGAPORE: Singapore state investor Temasek on Tuesday (May 2) rejected recent reports it made a US$10 million (S$13 million) investment into algorithmic currency system Array.  Temasek released a ...

Posted on 02/05/2023

Rising from the Crypto Winter: Play It Forward Transforms into PIF Nation

Play It Forward (PIF), the leading SEA gaming platform, has announced its transformation into PIF Nation, marking its commitment to empowering gamers globally through fresh opportunities, resources, ...

Posted on 02/05/2023

Singapore bank DBS reports Q1 profit jumps 43% to new high

Singapore's biggest bank, DBS Group, reported a 43% jump in quarterly profit on Tuesday to a record high, citing higher net interest margin, sustained business momentum and resilient asset quality.

Posted on 02/05/2023

CLAS remains analysts’ top pick within Singapore hospitality sector after 1Q business update

Analysts from PhillipCapital and CGS-CIMB Research have kept their "add" and "buy" calls with unchanged TPs of $1.26 and $1.27.

Posted on 01/05/2023

Singapore faces slower growth in 2023, but seen to avoid contraction

Singapore—Singapore is expected to post slower economic growth this year but it “should avoid an outright contraction”, Prime Minister Lee ...

Posted on 01/05/2023

Crypto Exchange Luno exits Singapore; Dogecoin, Shiba Inu, & Signuptoken.com record gains

Luno, a digital currency trading platform that belongs to Digital Currency Group, has made a public statement declaring that it will be terminating its services in Singapore. This decision is a ...

Posted on 01/05/2023

Over half of all new vans in Singapore registered in Q1 2023 were electric

Some 51.9 per cent of new vans registered in Singapore in the first three months of 2023 were electric vehicles (EVs).

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