On 17, 2024, ITRIX, a product based on AI + Web3 digital avatars, received $2 million in seed funding from Singaporean investment firm DE.AI TECH. The funding will be used for market operations and pr ...
More than 3 years’ jail for man linked to loan ruse in which banks were cheated of over $1m
SINGAPORE – A man who worked with a female accomplice to dupe two banks into disbursing loans totalling $1,218,000 by using false statements was sentenced to three years and nine months’ jail on Nov ...
Peregrine falcons recorded nesting in Singapore’s CBD for first time, tray set up to encourage breeding
SINGAPORE: Peregrine falcons have been recorded nesting for the first time in Singapore - in the heart of its central business district, in a recess high up on OCBC Centre in Chulia Street. The birds, ...
COP29 climate talks on the brink as finance deal remains elusive
In an effort to get an agreement over the line, the US and EU negotiators had proposed that developed nations increase a funding commitment to US$300 billion a year.
Market capitalisation to GDP: Is the Buffett ratio giving us any signal?
The Buffet Ratio measures whether stock markets are overvalued or undervalued. Many countries, including the USA and Japan, have experienced periods of overvaluation. India has seen significant growth ...
Banking on quantum: OCBC to train 100 employees in quantum computing as next-gen tech shapes up
SINGAPORE – OCBC Bank aims to train up around 100 employees in quantum computing over the next three years to develop new applications and strengthen defences against emerging cybersecurity threats as ...
Temasek’s CapitaLand warns of China property losses as Singapore investor cuts exposure
CapitaLand Investment, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis. The Singapore-based firm wants to ...
Daily Cuts – Singapore upgrades 2024 economic growth forecast to around 3.5%
Singapore Today's Lance Alexander and Daniel Martin speak with Selena Ling, Chief Economist and Head of Global Markets, Research and Strategy, OCBC Bank, about whether this is an impressive economic ...
Ex-DBS employee jailed for accessing customer data, passing details to moneylender and bookie
Huang Pin Wen committed his offences, which numbered more than 120, out of "foolishness" and to impress others, his lawyer said.
Near-term volatility drives SGX to 17-year peak on higher turnover
SHARES of Singapore Exchange (SGX) charged to their highest since December 2007, driven by near-term volatility as turnover and trading volumes advance. Read more at The Business Times.
Singapore Bourse Poised To Halt Its Slide
The Singapore stock market has finished lower in two straight sessions, slipping almost 20 points or 0.6 percent in that span. The ...
5 Finfluencers You Should Follow: Top Finance Influencers in Singapore
These days, you can learn anything online. In today’s digital age, we can plan entire trip itineraries without ever leaving TikTok and learn how to change a car tyre simply by following a YouTube ...
Singapore stocks rose on Friday’s open—STI gained 0.3%
Banking stocks were mixed on Friday’s open. UOB rose 0.4%, or S$0.15, to S$36.30, while OCBC gained 0.3%, or S$0.05, to S$16.48. DBS dipped inched down 0.02%, or S$0.01, to S$42.55.
Court lifts veil on fraudulent diamond investment scheme; $2.38m in damages awarded
The ring was bought off the shelf for about $25,000 and presented to investors as being worth $13.8 million. Read more at straitstimes.com.
Diamonds aren’t forever: Singapore court exposes ‘Jane Seymour’ gem as RM45m synthetic hoax
A three-year legal battle involving a Singaporean and a fraudulent multimillion-dollar diamond investment has come to light after the country’s Court ...
Singapore’s GDP growth forecast revised upward for 2024, outlook mixed for 2025
Singapore’s GDP is projected to grow at “around 3.5 per cent” in 2024, an upward revision by the Ministry of Trade and Industry (MTI). Growth slowed in 2025 to a projected “1.0 to 3.0 per cent”.