Last year, 7.5% of Singapore's citizens and permanent residents had wealth of at least US$1m. Read more at straitstimes.com. ( read original story ...)
SMU’s founding chairman Ho Kwon Ping to step down after 25 years, DBS CEO Piyush Gupta to succeed him
SINGAPORE — Singapore Management University’s (SMU) founding chairman Ho Kwon Ping will step down on Jan 11 next year after 25 years of leadership, the institution announced on Wednesday (Aug 17). ( read original story ...)
Tencent Posts First Revenue Drop Since 2004 IPO
The Chinese social-media giant’s revenue dropped 3% as a slowing economy further dented its online-ad revenue, while its videogame business continued to struggle from tighter regulations. ( read original story ...)
Baby boomers lead greener lifestyles than younger generations, are stronger advocates for the environment: OCBC study
Baby boomers in Singapore scored the highest in their awareness and adoption of greener lifestyles compared with younger generations, and are also doing more to advocate for sustainable behaviours, a ... ( read original story ...)
Baby boomers in Singapore more environmentally conscious, leading greener lifestyles than younger generations: Study
Contrary to the general perception that baby boomers in Singapore are less environmentally conscious than their younger counterparts, a recent study has shown that this group of people aged between 58 ... ( read original story ...)
How to cancel your credit card: Citibank, DBS, Standard Chartered and OCBC
The world of credit card benefits is so fickle. Benefits change like the wind - your proudest 8 per cent cashback benefit can get removed anytime. What was once your beloved go-to credit card with the ... ( read original story ...)
SMU’s founding chairman Ho Kwon Ping to step down next year, DBS CEO Piyush Gupta to succeed him
SINGAPORE: Singapore Management University’s (SMU) founding chairman Ho Kwon Ping will step down on Jan 11 next year after 25 years of leadership, the institution announced on Wednesday (Aug 17). He ... ( read original story ...)
Singapore will have more millionaires per population vs US and China by 2030: HSBC
In the next eight years, the number of millionaires in Singapore as a share of its population will grow to surpass that of the United States, China or any other economy in the Asia Pacific region, ... ( read original story ...)
Most analysts call ‘buy’ on ST Engineering, but Citi calls ‘sell’
Find out why Citi handed a "sell" rating to STE when others were calling "buy" Analysts from five brokerages have mostly given “buy” calls on Singapore Technologies Engineering (ST Engineering) after ... ( read original story ...)
Tax the rich? 5 ways Singapore might tackle wealth inequality as it seeks inclusive growth
Singapore abolished its so-called estate duty – taxes collected on wealth left behind after a person’s death – in 2008. Then-finance minister Tharman Shanmugaratnam said the move would encourage ... ( read original story ...)
Singapore Savings Bonds (SSB) Vs CPF Top Up. The Benefits And Drawbacks Of Both Options
Both the SSB and the CPF serve different investment needs of investors. We have been in a low interest rate environment since the global financial crisis (GFC) of 2007–2008. Interest rates on our ... ( read original story ...)
Why Singaporeans are investing in money market fund amidst volatile markets
Investors are allocating 70% of their funds portfolio to money market funds. Money market fund was selected by Singaporeans as the top investment tool to hedge inflation. Based on a study by wealth ... ( read original story ...)
Youth admits cheating 7 friends of S$332,000 in investment scam
The youth believed he would be more well-liked by his peers if he showed success at cryptocurrency trading, says his defence lawyer. ( read original story ...)
DBS downgrades Q&M to ‘hold’, lowers TP to 53 cents on delayed expansion plans
On the back of Q&M's “disappointing” results, DBS has cut its earnings for the FY2022 and FY2023 by 31% and 33% respectively. ( read original story ...)
IPW: Singapore targets sustainable investment, and OECD highlights climate finance deficit
In this week’s Infrastructure Policy Watch, Singapore mobilises sustainable infrastructure investment and the OECD reports on global climate change investment. Singapore has launched a new online ... ( read original story ...)
Singapore’s Temasek stock bets shrink by US$5.6 billion on sales, price slump amid Fed hikes and recession fears, filings show
The firm's bets on US-listed stocks shrank last quarter by the most since the final quarter of 2004, SEC filings show US rate hikes stoked recession fears, slamming its bets including BlackRock and ... ( read original story ...)