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Category: FINANCE

Posted on 31/12/2024

Singapore stocks traded lower before the new year—STI fell 0.4%

In the broader market, 69 stocks fell while 15 gained, with 33.6 million securities valued at S$28.3 million traded ...

Posted on 31/12/2024

Singapore to increase minimum salary requirement for foreign workers in 2025

Singapore is increasing the qualifying salary for S Pass applications, requiring foreigners to meet a higher threshold for work visas.

Posted on 31/12/2024

Singapore Only Charts 4 IPOs This Yr, Setting 10Yr+ Low

Only four IPOs were listed in Singapore in the whole year of 2024, setting an all-time low of more than a decade and raising about US$31 million, the Financial Times reported. The number of listed ...

Posted on 31/12/2024

Starting a start-up: Will 2025 be a year of growth for Singapore’s start-up scene?

The funding landscape is poised to be buoyant, with expected rate cuts and investments targeting South-east Asia. Read more at straitstimes.com.

Posted on 31/12/2024

When the heat races ahead, sports enthusiasts need stronger safeguards to keep pace

Singapore is expected to experience an increase in ambient heat and humidity in the near future. Read more at straitstimes.com.

Posted on 31/12/2024

Singapore Declares Former Tycoon Lim Oon Kuin Bankrupt Following Oil Empire Collapse

Former oil tycoon Lim Oon Kuin has been declared bankrupt in Singapore following the collapse of his oil empire, Hin Leong Trading.

Posted on 31/12/2024

China-Singapore Free Trade Agreement Further Upgrade Protocol to come into force

Further Upgrade Protocol will enter into force on Dec. 31, 2024, China's Ministry of Commerce said on Monday.In alignment with high-standa ...

Posted on 31/12/2024

China to upgrade FTA with Singapore, implement FTA with Maldives, in show of commitment to free trade

China's Ministry of Commerce (MOFCOM) announced on Monday that the China-Singapore Free Trade Agreement (FTA) Further Upgrade Protocol will come into effect on Tuesday. Also on Monday, Wang Wentao, ...

Posted on 31/12/2024

OCBC to offload full 33.33% stake in Hong Kong Life Insurance

"OCBC to offload full 33.33% stake in Hong Kong Life Insurance " was originally created and published by Life Insurance International, a GlobalData owned brand.

Posted on 30/12/2024

OCBC selling stake in Hong Kong Life Insurance for $103 million

SINGAPORE - OCBC has agreed to sell its entire stake in Hong Kong Life Insurance to a Hong Kong investment holding company for HK$589.3 million (S$103 million). OCBC, through its wholly owned ...

Posted on 30/12/2024

Trump’s next steps will shape economic outlook for 2025: OCBC Bank’s Vasu Menon

Vasu Menon, Managing Director, Investment Strategy Wealth Management of OCBC Bank Singapore talks about the factors that will drive the global economy and markets in 2025.

Posted on 30/12/2024

Who Is Lim Oon Kuin, Singapore Oil Tycoon Declared Bankrupt?

The government gazette revealed that Lim Oon Kuin, founder of the Hin Leong Trading Pte., and his children, Lim Huey Ching and Lim Chee Meng, were issued bankruptcy orders on December 19. Both ...

Posted on 30/12/2024

Singapore’s DBS appoints Rajat Verma as DBS Bank India CEO

Singapore's DBS Group said on Monday it has appointed Rajat Verma as chief executive officer of DBS Bank India, succeeding Surojit Shome, who would retire at the end of February.

Posted on 30/12/2024

Rajat Verma appointed as CEO of DBS Bank India from March 2025

DBS Bank has appointed Rajat Verma as its new chief executive officer of DBS Bank India effective from Mar 1, 2025. Read more at The Business Times.

Posted on 30/12/2024

Singapore stocks saw little change on Monday morning—STI edged up 0.03%

In the broader market, 56 stocks gained while 46 declined, with 51.2 million securities valued at S$42.5 million traded ...

Posted on 30/12/2024

Possible IPO of Sunway Healthcare and Columbia Asia might spur re-rating of IHH Healthcare: Maybank

Maybank Securities has resumed coverage of IHH Healthcare , with a "buy" call and sum-of-the-parts based RM7.97 target price for its Bursa-quoted shares, up from a previous target of RM7.13. IHH ...

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