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Category: FINANCE

Posted on 08/02/2023

Government spending could exceed 20% of GDP by 2030; GST and other tax moves help to close funding gap: Finance Ministry

SINGAPORE: Singapore is expecting government expenditure to rise to about 19 per cent to 20 per cent of gross domestic product (GDP) between the financial years of 2026 to 2030, and possibly exceed 20 ...

Posted on 08/02/2023

OCBC offers new option to customers to earn higher interest from CPF funds

The bank is offering a promotional rate of 3.88 per cent a year if they place a minimum of $20,000 with the bank for eight months. Read more at straitstimes.com.

Posted on 08/02/2023

ST-UOB roundtable on Feb 15 to discuss Budget measures meant to help households, businesses

SINGAPORE - Next week’s Budget will be put under the microscope at a roundtable discussion on Feb 15 organised by The Straits Times and UOB. Read more at straitstimes.com.

Posted on 08/02/2023

Market LIVE Updates: Sensex and Nifty poised for a flat to positive start

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open higher on Wednesday amid mixed cues from global markets. Singapore Exchange Nifty futures, an early indicator of the Nifty ...

Posted on 08/02/2023

‘Surprised’ that Net-Zero Asset Owner Alliance said no to carbon removal: DBS sustainability chief

The United Nations-backed climate investor group has said it will bar members from counting carbon removal schemes for their short-term emission reduction plans, amid increasing scrutiny of such ...

Posted on 08/02/2023

Singapore Bourse May Challenge Resistance At 3,400 Points

(RTTNews) - The Singapore stock market on Tuesday wrote a finish to the two-day winning streak in which it had gathered more than 20 points or 0.6 percent. The Straits Times Index now rests just above ...

Posted on 08/02/2023

Which sectors are net sellers for the stock market in January?

The stock market closed 3,365.67 points in January, up 3.51% from December. Institutional and retail investors are net sellers in January for the Singapore stock market index, CGS-CIMB said. Outflows ...

Posted on 08/02/2023

Hong Kong Could Surpass Singapore With Borders Now Open

With the full reopening of Hong Kong’s border with China Monday and the city dropping vaccine requirements for all visitors, the campaign to rebuild the territory’s battered economy is full speed ...

Posted on 08/02/2023

Singapore office investment volume hits 6-year high in 2022

Investments surged 54% to $7.3b for the whole year. According to a CBRE report, preliminary real estate investment volumes in Singapore for Q4 2022 declined 55.6% q-o-q to $3.194 bn, mainly on sharp ...

Posted on 07/02/2023

Singapore will always act in its interests & take a principles-based approach: Shanmugam

Shanmugam said that Singapore's good governance, political stability, and united people had shown the world what it could do.

Posted on 07/02/2023

Singapore’s 2022 office net absorption of 1.15m sq ft breaches records

It’s almost 4 times 2021’s net demand and is 18% higher than the 10-year average. Singapore’s office sector ended 2022 on a high note as net absorption levels outperformed expectations. According to a ...

Posted on 07/02/2023

Singapore: Retail Sales remained strong in December – UOB

Senior Economist at UOB Group Alvin Liew assesses the latest results from retail sales in Singapore. Key Takeaways “Singapore’s retail sales rebounded to end 2022 on a positiv ...

Posted on 07/02/2023

Singapore stocks end lower on Tuesday; STI down 0.2%

SINGAPORE - Local shares pulled back on Tuesday as investor sentiment took a hit from the usual suspects – possible interest rate hikes by the United States Federal Reserve, inflation and worsening US ...

Posted on 07/02/2023

OCBC Cycle to return to full scale on its 15th anniversary

Singapore's biggest mass cycling event - the OCBC Cycle - will return to its full scale on 6 and 7 May for the first time since 2019.

Posted on 07/02/2023

Cycling: 7,000 participants expected as OCBC Cycle returns with in-person races

SINGAPORE – The Republic’s biggest cycling event – the OCBC Cycle – will return to its full in-person format in May 2023, with registration flagging off Tuesday. For the first time since 2019, the May ...

Posted on 07/02/2023

Indian wealth still being parked in Singapore

Singapore has seen tremendous growth as a wealth management centre in recent years After the country eased COVID restrictions it has become a leading Asian co ...

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