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Category: BUSINESS

Posted on 11/08/2023

Singapore downgrades 2023 export forecasts on worse-than-expected performance

SINGAPORE has narrowed its 2023 full-year forecast for non-oil domestic exports (NODX) and lowered its total merchandise trade projection on a worse-than-expected performance so far this year, led by ...

Posted on 11/08/2023

Singapore GDP Climbs 0.1% On Quarter In Q2

Singapore's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the second quarter of 2023, the Ministry ...

Posted on 11/08/2023

Genting Singapore first-half profit more than triples on improved visitor arrivals

The company posted a net profit of $276.7 million for the six months ended June 30. Read more at straitstimes.com.

Posted on 11/08/2023

Putin approves suspension of tax treaties with ‘unfriendly’ countries – RIA

Russian President Vladimir Putin chairs a meeting with members of the Security Council via video link at the Kremlin in Moscow, Russia August 4, 2023. Sputnik/Alexander Kazakov/Kremlin via REUTERS/Fil ...

Posted on 11/08/2023

Singapore solar company plans major US manufacturing plant in New Mexico, pending federal loan

Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy ...

Posted on 11/08/2023

Singapore issues arrest notice to billionaire in anti-graft probe involving country’s transport minister

Singapore's anti-graft agency issued an arrest ... "continues to be a strong focal point for tourists, global events and business meetings. We have decided to continue hosting the F1 race for ...

Posted on 11/08/2023

Crypto investors sue Asian venture capital firms for ‘aiding and abetting’ FTX, naming Temasek, SoftBank and Sino Global

Temasek, SoftBank and Sino Global were named along with nine other VC firms in a class-action lawsuit alleging they should have known about issues at FTX before it collapsed.

Posted on 11/08/2023

Blockchain.com Obtains Major Payment Institution License from Monetary Authority of Singapore

Blockchain.com announced it has been granted a major payment institution (MPI) license from the Monetary Authority of Singapore.

Posted on 10/08/2023

Singaporean man fined RM51,000 for illegally importing more than 180kg of food products from China

A Singaporean man was fined $15,000 (RM51,000) on Thursday for illegally importing more than 180kg of meat and seafood products from China, according to a joint statement by the Singapore Food Agency ...

Posted on 10/08/2023

Singapore’s middle distillates stocks steady; imports rise

Singapore's middle distillates stockpiles were little changed as an uptick in weekly imports for both gasoil and jet fuel/kerosene capped drawdowns, official data showed on Thursday.

Posted on 10/08/2023

Genting Singapore H1 profit more than trebles on improved visitor arrivals

GENTING Singapore posted a net profit of S$276.7 million for the six months ended Jun 30, 2023, more than three times the S$84.4 million in earnings in the same period a year ago. Read more at The ...

Posted on 10/08/2023

Man fined $15,000 for illegally importing more than 180kg of food products from China

SINGAPORE - A Singaporean man was fined $15,000 on Thursday for illegally importing more than 180kg of meat and seafood products from China, according to a joint statement by the Singapore Food Agency ...

Posted on 10/08/2023

Singapore fuel oil inventories drop to three-week lows

Residual fuel oil stocks at key trading hub Singapore retreated to three-week lows, official data showed on Thursday, amid a strongly backwardated market and high storage financing costs. Onshore fuel ...

Posted on 10/08/2023

Singapore stocks rise on Thursday amid mixed regional trading; STI up 0.3%

Local stocks inched higher on Thursday amid mixed trading in the region and a nervy session on Wall Street overnight ahead of upcoming inflation figures. Read more at straitstimes.com.

Posted on 10/08/2023

Millions of crypto investors’ wallets at risk of attacks due to security flaws, says study

Dubbed BitForge, it had impacted popular wallet providers like Coinbase WaaS and Binance. Read more at straitstimes.com.

Posted on 10/08/2023

Singapore banks ‘ploughing ahead’, with 2QFY2023 results beating CLSA’s conservative estimates

Singapore’s banks are “ploughing ahead”, admit CLSA analysts Neel Sinha and Lin Daxin, as the trio’s results for 2QFY2023 ended June beat their estimates by 5%-17%. Among them, DBS D05 -0.17% was the ...

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