Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday that hit risk-sensitive currencies such as the Australian dollar and sent ...
Singapore stocks fall as trade tariff concerns re-emerge overnight; STI down 0.7%
Regional markets were also in the red on Feb 28. South Korea’s Kospi shed 3.4 per cent, Hong Kong’s Hang Seng Index declined 3.3 per cent, Japan’s Nikkei 225 fell 2.9 per cent, and the Kuala Lumpur ...
Who is Catherine Wu, adviser said to be the reason behind Singapore’s 4th richest billionaire Kwek Leng Beng’s feud with son?
Catherine Wu, adviser to Singaporean billionaire Kwek Leng Beng, has emerged as a key figure in the tycoon’s feud with his son Sherman Kwek after the latter called her the “primary reason” behind the ...
Closer look at key figures in CDL’s family business empire of Singapore’s 4th richest billionaire Kwek Leng Beng
More than 15 members of the Kwek family are part of Hong Leong Group, which controls City Developments Limited, now at the center of a dispute between chairman Kwek Leng Beng and CEO Sherman Kwek.
Singapore charges 3 for fraud reportedly linked to Nvidia chips
Singapore has charged three men with fraud, according to court documents, in cases reportedly linked to the transfer of AI-powering Nvidia chips to China.
Bitcoin down 25% from all-time high as crypto sell-off deepens
Bitcoin has tumbled amid worries about Trump's combative stance and broader concerns about the US economy. Read more at straitstimes.com.
Spectre of Trump’s tariffs hammers risk currencies, crypto
By Rae Wee SINGAPORE (Reuters) -Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday in risk-sensitive currencies such as the Aussie, ...
Singapore charges three with fraud in cases reportedly linked to smuggling of Nvidia chips to China
Officials in Washington are reportedly scrutinizing chip shipments to Singapore following the recent success of Chinese startup DeepSeek.
Iron ore logs monthly loss on China steel export concerns
By Michele Pek SINGAPORE (Reuters) -Iron ore futures prices fell on Friday and were set for monthly losses, pressured by U.S. tariff concerns and mounting trade frictions against Chinese steel exports ...
COTD: Singapore’s fintech investment plunges to lowest level since 2020
Total investment was only at $1.7b. Singapore’s fintech investment dropped to $1.7b (US$1.3b) in 2024, marking its lowest level since 2020, according to KPMG. The decline signals a market adjustment ...
Risk currencies, crypto hammered by Trump’s impending tariffs
Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday in risk-sensitive currencies such as the Aussie, sent bitcoin tumbling and gave ...
Iron ore set for monthly loss on China steel export concerns
Iron ore futures prices fell on Friday and were set for modest monthly losses, pressured by U.S. tariff concerns and mounting trade frictions against Chinese steel exports. The most-traded May iron ...
Singapore urged to cap F&B licenses amidst record closures
More than 3,000 restaurants folded up in 2024. The government should consider limiting the licenses issued to food and beverage (F&B) companies to stabilise the market after record closures in ...
Nearly half of IT leaders in Singapore struggle to spot phishing scams
Nearly half of Singaporean IT decision-makers (46%) struggle to distinguish legitimate emails from phishing scams, according to new research from KnowBe4. The study found that 72% mistakenly ...
Family disputes rock $18B City Developments empire of Singapore’s 4th richest man Kwek Leng Beng
Singaporean billionaire Kwek Leng Beng spent over 60 years building up the country’s biggest property developer City Developments Ltd, but an ongoing feud with his son Sherman is now shaking up his ...
Singapore Billionaire’s Scion Denies Board Coup, Blames Aide
The scion of Singapore’s richest real estate clan denied his father’s claim that he was leading a boardroom coup, saying the primary reason for the family dispute lies with a key adviser to the ...