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Category: FINANCE

Posted on 16/05/2024

Billion-dollar money laundering case: Suspect gets 6 new charges over fake property sale, loan agreement papers

SINGAPORE: Su Jianfeng, one of the 10 suspects involved in Singapore's billion-dollar money laundering probe, was on Thursday (May 16) slapped with six new charges. The fresh charges are related to ...

Posted on 16/05/2024

S-REITs in ‘better shape’ than two years ago; CICT, MLT top picks: HSBC

HSBC favours stocks with embedded growth, like CICT; and REITs that have priced in most of the negative news, like MLT.

Posted on 16/05/2024

Singapore Airlines CEO Says Travel Out of China Not Yet Recovered

"Travel into China has been strong, travel out of China has not yet recovered fully," Singapore Airlines CEO Goh Choon Phong told media. He said the visa-free scheme between China and Singapore which ...

Posted on 16/05/2024

Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank

SU JIANFENG, one of the 10 foreign nationals embroiled in Singapore’s largest money laundering case, was handed six new forgery and fraud charges on Thursday (May 16). He allegedly submitted forged ...

Posted on 16/05/2024

‘Not cheap’, ‘no value’ but market excited: OCBC’s GEH bid divides analysts

We are unclear of incremental synergies that could accrue by acquiring the 11.56% of GEH that OCBC does not already own.” ...

Posted on 16/05/2024

Shein suppliers work 75-hour weeks, report claims as Chinese fast-fashion giant looks to IPO

A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company would improve labor standards.

Posted on 16/05/2024

Mitsui to invest in Singapore refrigerated warehouse

Japanese shipping giant Mitsui OSK Lines will invest in a new cold storage warehouse project in Singapore that will include Asia’s tallest industrial refrigerator. This is a news story by the ...

Posted on 16/05/2024

Air India-Vistara merger awaiting foreign direct investment, other approvals, says Singapore Airlines

Helped by robust air travel demand, the group posted a 24 per cent rise in net profit at 2,675 million Singapore dollars for FY 2023-24.

Posted on 16/05/2024

Himanta Biswa Sarma congratulates Singapore’s new PM, eyes enhanced collaboration

Assam Chief Minister Himanta Biswa Sarma congratulates Singapore's new Prime Minister, Lawrence Wong. Sarma emphasises on strengthening ties between Assam and Singapore under PM Modi's Act East Policy ...

Posted on 15/05/2024

Prime Bank Investment holds roadshow in Singapore

Prime Bank Investment Ltd (PBIL) recently organised an "Investment Roadshow Singapore 2024", aiming to empower remittance earners and unlock the nation's potential in the Capital Market. Powered by ...

Posted on 15/05/2024

Dubai beats Singapore, London as top city for ‘greenfield’ FDI projects

FDI Markets data, compiled by the Financial Times, found the UAE's financial capital ranked top overall in global "greenfield" FDI projects attracted in 2023.

Posted on 15/05/2024

Singapore’s new prime minister vows to ‘lead in our own way’ as Lee dynasty ends after half-century

Amid China-U.S. rivalry, he said Singapore — which has stayed neutral — would continue to engage both nations. Wong has retained the Cabinet and held onto his finance portfolio as he prepares for his ...

Posted on 15/05/2024

Singapore’s new PM takes office pledging to lead his own way

Wong will retain his position as finance minister and takes charge of a country led for two decades by Lee Hsien Loong, the 72-year-old son of Lee Kuan Yew, the founder of modern Singapore who stayed ...

Posted on 15/05/2024

Singapore’s Incoming Leader Wong Confronts Domestic, International Risks

Here's what that might look like. Joe Biden told Yahoo Finance he thinks China will retaliate to sweeping new tariffs on Chinese imports, but he expects any trade conflict to be manageable. Bitcoin's ...

Posted on 15/05/2024

DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?

It can be a tough decision to decide between the three big local banks. We simplify the decision by comparing various metrics across the lenders. The post DBS, OCBC or UOB: Which of the Three ...

Posted on 15/05/2024

Seatrium, Other Singapore Stocks Slump After Being Cut From MSCI Index

By Kimberley Kao A handful of Singapore stocks led by Seatrium fell Wednesday after stock market index compiler MSCI removed the companies from its ...

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