Economists are looking at 2024 with more optimism after Singapore’s economy grew faster than expected in the final quarter of 2023, with the manufacturing sector finally returning to growth.
Singapore stocks end lower in first 2024 session; STI down 0.3%
SINGAPORE stocks started 2024 weaker amid mixed trading across the region. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.32 points to close at 3,229.95 on Tuesday (Jan 2). Shares of ...
Singapore Stock Market on sale! Analysts say it’s severely undervalued
SINGAPORE: Insiders said that the Singapore stock market is severely undervalued, supported by metrics such... The post Singapore Stock Market on sale! Analysts say it’s severely undervalued appeared ...
UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle
UOB Kay Hian analyst Jonathan Koh has downgraded the Singapore banking sector to “market weight” amid an upcoming interest rate downcycle. The US Federal Reserve has paused its rate hike for the third ...
Singapore dollar has chance of three-peat on inflation fight
The Singapore dollar beat out all its Asian counterparts in each of the past two years. The chance of leading the region for a third straight year rests with the central bank.
HSBC takes on Revolut, Wise with new forex app for non-customers
HSBC Holdings is set to debut an international payments app aimed at directly challenging the dominance of fintechs such as Revolut and Wise that have gathered tens of millions of retail customers by ...
Seatrium takes green finance raised to over $1.5bn with latest facility
Singapore firm encouraged by strong support of its banks in its ongoing efforts in pursuing sustainability in its business operations ...
Look Ahead 2024: Stronger economy, lower inflation and interest rates expected in Singapore, but experts urge prudence
It may seem like the dark clouds looming over Singapore's post-pandemic economy in 2023 might finally dissipate in 2024, but that does not mean ...
Singapore stocks open stronger on Tuesday; STI up 0.5%
Banking stocks rose in early morning trade. DBS : D05 +0.54% was trading up 0.6 per cent or S$0.20 at S$33.61. UOB : U11 +0.81% was up 0.7 per cent or S$0.21 at S$28.66, and OCBC : O39 +0.23% rose 0.3 ...
Singapore’s Q4 GDP growth speeds up
Singapore's economy grew 1.2% in 2023, moderating from the 3.6% growth in 2022, preliminary government data showed on Tuesday. Gross domestic product (GDP) was up 2.8% in the October to December ...
Q4 growth of 2.8% on manufacturing upturn lifts Singapore’s 2023 full-year growth to 1.2%
SINGAPORE’S economy expanded 1.2 per cent year on year in 2023, pulled up by stronger growth in the fourth quarter, advance estimates from the Ministry of Trade and Industry (MTI) showed on Tuesday ...
Saudi fund outpaces Singapore’s GIC with US$31.6 billion splurge
Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers slashed spending.
Seatrium secures contract from Shell estimated at $400 million by DBS
The contract includes the installation of equipment provided by Shell and follows the LOI signed by both parties in August 2023.
HSBC France retail bank sold to US fund Cerberus
HSBC on Monday (Jan 1) transferred for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus. Read more at The Business Times.
Saudi Arabia’s Public Investment Fund outpaces Singapore’s GIC with US$31.6 billion splurge in 2023
The Public Investment Fund was the world’s most active sovereign investor last year, deploying US$31.6 billion in 2023 versus US$20.7 billion the previous year, according to research consultancy Globa ...
Saudi Fund Outpaces Singapore’s GIC With $31.6 Billion Splurge
Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC Pte and Temasek Holdings Pte ...