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Category: FINANCE

Posted on 14/02/2024

461 victims lost $6.8m in investment or job scams involving online chat groups since start of 2024

Victims were added to chat groups or channels on messaging platforms and offered investment or job opportunities. Read more at straitstimes.com.

Posted on 14/02/2024

Singapore REITs Fall as U.S. Inflation Data Weighs on Potential Payouts

By Amanda Lee Units of Singapore-listed real-estate investments trusts fell Wednesday after the latest U.S. inflation data added fuel to growing ...

Posted on 14/02/2024

IHH Healthcare’s indirect subsidiary to withdraw IPO plans

According to IHH, the private equity investors, as well as the board of directors at Fortis and Agilus, have agreed to withdraw the draft red herring prospectus following meetings held on Feb 13.

Posted on 14/02/2024

Singapore gov’t to refund 7.5 million wrongly collected tax

Singapore authorities will refund wrongly collected goods and services tax GST worth 75 million Singapore dollars 55 million US dollars to tax ...

Posted on 14/02/2024

Singapore Budget 2024: HR leaders share what’s on their wishlist

From more focused support for upskilling, to increased funding for research projects, here's what leaders from Senoko Energy, HSBC Singapore, Transport Capital, and J&T Express are looking out for.

Posted on 14/02/2024

Singapore leads commercial real estate investments in APAC

Commercial investment volume in Singapore grew 462% QoQ and 110% YoY in 4Q23. Singapore has emerged as a leader in APAC commercial investments after hitting US$4.1b in 4Q23. According to Knight Frank, ...

Posted on 14/02/2024

OCBC Investment Research keeps ‘buy’ on SingPost with unchanged TP of 55.5 cents, says business environment challenging

Analyst Ada Lim notes all of SingPost’s businesses posted positive operating profits in its 3QFY2024 business update.

Posted on 14/02/2024

CapitaLand Investment establishes CapitaLand Ascott Residence Asia Fund II to invest in lodging properties amidst growing demand

CapitaLand Investment has established CapitaLand Ascott Residence Asia Fund II with a target equity size of US$600 million (S$800 million) to invest in lodging properties. It has secured first close ...

Posted on 14/02/2024

Standard Chartered weighs breaking up corporate, investment bank

Standard Chartered Plc is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders, as part of the latest effort by Chief Executive ...

Posted on 14/02/2024

Commentary: DBS CEO’S 30% variable pay cut raises issues of accountability

Singapore banks rely heavily on "pay for performance" practices to reward senior management. They must ensure that remuneration policies drive the right behaviour, says NUS corporate governance expert ...

Posted on 14/02/2024

ST-UOB round-table event on Feb 19 to discuss Budget measures to tide S’pore over volatile times

SINGAPORE – Budget 2024 will be put under the microscope at a roundtable discussion on Feb 19 organised by The Straits Times and UOB. Read more at straitstimes.com.

Posted on 14/02/2024

Commentary: What DBS CEO Piyush Gupta’s 30% variable pay cut says about accountability

Singapore banks rely heavily on "pay for performance" practices to reward senior management. They must ensure that remuneration policies drive the right behaviour, says NUS corporate governance expert ...

Posted on 13/02/2024

IEA and Singapore will set up regional energy centre to spur Asia’s green transition

The Regional Cooperation Centre, IEA's first office outside its Paris HQ, will open later in 2024. Read more at straitstimes.com.

Posted on 13/02/2024

The Future Of Investing: Fintech 50 2024

These six fintechs are serving everyone from high net worth investors to ordinary workers who need help consolidating their old 401(k)s.

Posted on 13/02/2024

History Of Banking In Singapore: How We Ended Up With The 3 “Big” Banks For Consumers

A snapshot of acquisitions and mergers of Singapore banks through the decades - till we ended up with the 3 Big Local banks, and upcoming digital banks.

Posted on 13/02/2024

Nikkei set to breach 37,000 with corporate inflation in focus; South Korea, Singapore return to trade

Asia-Pacific markets are set for a positive open as more markets return to trade from the Lunar New Year holiday, including South Korea and Singapore ... market A slump in foreign direct investments, ...

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