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Category: BUSINESS

Posted on 20/02/2025

Nearly 10 years’ jail for woman who committed cheating linked to over $5.7m of mostly crypto funds

Ho Kai Xin used her ill-gotten gains to live a lavish lifestyle, including placing a down payment for a penthouse. Read more at straitstimes.com.

Posted on 20/02/2025

Genting Singapore posts 34% fall in H2 net profit to S$222 million

GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in the corresponding year-ago period. Read more at The Business ...

Posted on 20/02/2025

Singapore banks guarded by tax relief and financing amid economic pressures

SINGAPORE: In his Budget 2025 address on February 18, Singapore’s Prime Minister, Lawrence Wong, unveiled a series of measures aimed at supporting local busin ...

Posted on 20/02/2025

Robinhood To Introduce Cryptocurrency Services In Singapore By 2025

Robinhood is set to enter the Singaporean cryptocurrency market in 2025, marking a significant expansion of its services beyond traditional stock ...

Posted on 20/02/2025

Singapore’s Abaxx Exchange plans gold futures as precious metal surges

Not all attempts to launch precious-metals products have been successful. Singapore Exchange – which runs the local stock exchange, and also offers futures for commodities including iron ore – started ...

Posted on 20/02/2025

Singapore biotech tycoon Huang Zhenhua has assets frozen over $1.1 billion suit by pharma giant

Wegovy maker Novo Nordisk is accusing Mr Huang and his firm of fraudulent claims over a hypertension drug. Read more at straitstimes.com.

Posted on 20/02/2025

Grab shares rise after Singapore announces 50% corporate income tax rebate in Budget 2025

SINGAPORE: Shares of Grab Holdings Limited traded higher on Tuesday (Feb 20) after a 50 per cent corporate income tax rebate for Singapore companies in the 2025 ...

Posted on 20/02/2025

Will President Trump propel the crypto industry to new heights or new lows?

US President Donald Trump’s evolving stance on cryptocurrencies — from scepticism in his first term to a pro-innovation approach in his second — has sparked significant debate about the future of the crypto industry.

Posted on 20/02/2025

Efforts to draw businesses to Johor-Singapore Special Economic Zone being stepped up

Efforts to ease business entry into the Johor-Singapore Special Economic Zone are ramping up, driven by both public and private sectors. Authorities are also actively addressing concerns raised by ...

Posted on 20/02/2025

Robinhood tips Singapore launch, touts memecoin interest: Report

Robinhood plans to launch cryptocurrency trading products in Singapore through its Bitstamp subsidiary, Bloomberg reported on Feb. 18. The online brokerage has not yet set a launch date but aims to start rolling out services by late 2025,

Posted on 20/02/2025

SingPost 3QFY2025 operating profit down 23.8% y-o-y; domestic business back in an operating loss

In its 3QFY2025 business update, SingPost says that overall delivery volumes in the Singapore postal and logistics business grew by 3.4%, as letter mail volume growth offset lower ecommerce volumes ...

Posted on 20/02/2025

Singapore’s business support measures to sustain banks’ asset quality

Wealth management income will benefit from stock exchange-related incentives. Singapore’s commitment to aiding companies— via tax incentives, rebates, and more financing options— will help local banks ...

Posted on 19/02/2025

Budget 2025 will ease business costs but challenges remain, say firms and trade associations

Firms and business associations that CNA spoke to largely welcomed measures to cushion rising costs, but also raised concerns about how the effects may be limited in some instances.

Posted on 19/02/2025

Budget 2025: Singaporeans to get up to S$800 in SG60 cash vouchers, income tax rebate capped at S$200

Up to S$1 billion will also be spent over the next 20 to 30 years to upgrade ageing hawker centres and build new ones.

Posted on 19/02/2025

Robinhood (HOOD) to Expand Its Cryptocurrency Services to Singapore in 2025

Fintech company Robinhood Markets ($HOOD) is planning to expand its cryptocurrency services to Singapore in 2025, according to Bloomberg News.

Posted on 19/02/2025

Robinhood to Roll Out Crypto Offerings in Singapore by Late 2025 via Bitstamp

Robinhood Markets is preparing to introduce crypto services in Singapore next year through Bitstamp which it acquired in 2024 ...

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