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Category: BUSINESS

Posted on 17/01/2022

Key facts to know about Singapore’s oldest local ETF

Offering diversified exposure to 30 leading companies listed on SGX, this ETF has enabled investors to affordably invest in the city-state’s long-term growth for 20 years . Read more at ... ( read original story ...)

Posted on 17/01/2022

Sesto Robotics, located in Singapore, plans to expand internationally after raising $5.7 million

Sesto, a Singapore-based industrial robotics business, announced a $5.7 million funding round this week, with TRIVE, WTI GmbH, and SEEDS Capital (Enterprise Singapore’s venture capital arm) ... ( read original story ...)

Posted on 16/01/2022

What Support is Available for Singapore Companies to Expand Overseas?

The DTDi provides a 200 percent tax deduction on qualifying market expansion and investment development expenses. This is subject to approval from Enterprise Singapore (ESG) or the Singapore Tourism ... ( read original story ...)

Posted on 15/01/2022

Ministry ensures electricity provision to Singapore well-regulated

The Ministry of Marine Affairs and Fisheries (KKP) has ensured that state electricity firm PT PLN's agenda to provide renewable electricity to Singapore ... ( read original story ...)

Posted on 15/01/2022

Singapore workers refusing Covid jabs risk losing jobs

SINGAPORE: Workers in Singapore who refuse to be inoculated against Covid-19 may risk losing their jobs as new restrictions on office access take effect. From today, a prior concession that allowed ... ( read original story ...)

Posted on 15/01/2022

Citi to sell South-East Asia retail business to Singapore’s UOB for US$3.7 billion

Citigroup has agreed to sell its consumer business in four South-East Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the US bank closer to its goal of ... ( read original story ...)

Posted on 15/01/2022

CPO futures to trade lower next week on weaker exports

The crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to trade lower on the new benchmark month, April 2022, next week due to export weakness, dealers said. ( read original story ...)

Posted on 14/01/2022

Japan, Korean stocks lead losses; data shows China’s exports beat expectations

Asia-Pacific stocks dropped on Friday as the recent rally in U.S. stocks broke momentum with the Nasdaq snapping a three-day winning streak. ( read original story ...)

Posted on 14/01/2022

Citi to sell Southeast Asia retail business in $3.7 bln deal to Singapore’s UOB

Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)

Posted on 14/01/2022

Citi to sell Southeast Asia retail business to Singapore’s UOB for $3.7 billion

Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)

Posted on 14/01/2022

Singapore strengthens measures to deal with inflation

In the context of inflation being at its highest level in almost a decade, the Singaporean government has devised a multi-pronged strategy to minimise inflationary pressures on businesses and ... ( read original story ...)

Posted on 14/01/2022

China’s annual crude oil imports drop for first time in 20 years

China's annual crude oil imports slid 5.4per cent in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners ... ( read original story ...)

Posted on 14/01/2022

Australian supply chain chaos that fuelled supermarket shortages creeps into exports to Hong Kong

Canberra has moved to ease Covid-induced labour shortages that tripped up domestic supply chains, but Asian importers are starting to feel the squeeze. ( read original story ...)

Posted on 14/01/2022

Singapore Tycoon Wee Cho Yaw’s UOB To Buy Citi’s Southeast Asia Consumer Business For $3.6 Billion

United Overseas Bank—controlled by billionaire Wee Cho Yaw—has agreed to acquire Citigroup’s consumer banking business across Indonesia, Malaysia, Thailand and Vietnam as the Singapore lender ... ( read original story ...)

Posted on 14/01/2022

Singapore envisions a future without carparks at home

Some 50 years from now, there may no longer be carparks in every building. After a person alights at his destination, his car would travel on its own to an out-of-the-way storage hub, where it can ... ( read original story ...)

Posted on 14/01/2022

Citi to sell retail arms in 4 Southeast Asian markets to Singapore’s UOB for $3.65 billion

Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for S$4.915 billion ($3.65 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)

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