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Category: BUSINESS

Posted on 15/05/2025

Asia’s refined fuel imports drop, but margins still hold: Russell

Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region ...

Posted on 15/05/2025

Singapore biotech start-up Mirxes launches IPO in Hong Kong to raise $181 million

Trading in the shares is expected to start on May 23. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 15/05/2025

SingPost reports S$245 million net profit following sale of Australia business

SINGAPORE: Singapore Post reported a full year net profit of S$245.1 million (US$188 million) for its financial year that ended Mar 31. This figure, more than double last year's, was due to the ...

Posted on 14/05/2025

Analysts: U.S. Trade Pressure Likely Behind Indonesia’s Plan to Slash Singapore Fuel Imports

Earlier, Energy and Mineral Resources Minister Bahlil Lahadalia announced the plan to stop oil imports from Singapore.

Posted on 14/05/2025

Genting Singapore’s 1QFY2025 earnings down 41% y-o-y to $145 mil; CEO Tan Hee Teck retires

On the same day as its 1QFY2025 business update announcement, Genting Singapore announced the retirement of its CEO of the company and RWS Tan Hee Teck.

Posted on 14/05/2025

Singapore-Based MetaComp Launches Stablecoin-Powered FX Payment Platform

Stablecoin-powered StableX enables “always-on access” to foreign exchange with speed, cost-efficiency, and reliability.

Posted on 14/05/2025

Congo may impose more cobalt curbs after four-month export ban

The Democratic Republic of Congo may impose strict curbs on exports of cobalt when its existing four-month export ban ends, the head of a government agency said on Wednesday. Congo, the world's ...

Posted on 14/05/2025

Singapore equities slide on Wednesday; STI declines 0.3%

SINGAPORE] Local stocks finished lower on Wednesday (May 14), as investors took stock of the United States and China trade chatter. Read more at The Business Times.

Posted on 14/05/2025

Changi Airport’s T5 to create jobs, business opportunities for Singaporeans, says PM Wong at groundbreaking

When the mega terminal's first phase is completed in the mid-2030s, it will be able to handle about 50 million passengers annually.

Posted on 14/05/2025

News Explorer — Standard Chartered and FalconX Shake Hands on Deal to Improve Crypto Services for Institutional Clients

Standard Chartered is partnering with FalconX to enhance crypto services for institutional investors, leveraging the bank's infrastructure and FX capabilities. FalconX plans to focus on Singapore ...

Posted on 14/05/2025

Crypto Brokerage FalconX, Standard Chartered Partner to Support Institutional Investors

FalconX will leverage Standard Chartered’s banking and forex services, including access to currencies, to serve institutional clients.

Posted on 14/05/2025

Ether Nears $2.7K, Dogecoin Zooms 9% as Crypto Market Remains Cheery

Ether (ETH) and dogecoin (DOGE) led majors gains on Wednesday with a 9% jump in the past 24 hours, extending a bullish streak that’s seen both tokens gain double digits over the past week. The broader ...

Posted on 14/05/2025

Singapore office neither confirms nor denies local layoffs, after Microsoft announces global job cuts

SINGAPORE] The Singapore office of Microsoft did not confirm nor deny whether staff in the Republic would be affected by terminations across the global tech company, in response to queries by The ...

Posted on 14/05/2025

Crypto platform FalconX partners with Standard Chartered

Crypto prime broker FalconX and global bank Standard Chartered said on Wednesday they had formed a strategic partnership to serve institutional crypto investors. The partnership marks FalconX's first ...

Posted on 14/05/2025

Cariflex launches US$350 million polyisoprene plant in Singapore, the world’s biggest

SINGAPORE] Synthetic rubber latex maker Cariflex has officially inaugurated its new plant in Singapore, furthering its supply-chain resilience and market penetration in South-east Asia. Read more at ...

Posted on 14/05/2025

Singapore’s Frasers Property to take REIT private in a $1.1 billion deal

Thai business magnate Charoen Sirivadhanabhakdi's Frasers Property has offered to take its Singapore-listed hospital real estate investment trust (REIT) private on Wednesday in a deal valuing it at ...

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