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Category: FINANCE

Posted on 26/05/2023

Enterprise SG’s SEEDS Capital joins co-investment partnership

Startups will receive funding to access Cedars-Sinai's clinical resources. Enterprise Singapore's investment arm SEEDS Capital, through Coronet Ventures, has partnered with Cedars Sinai Intelelctual ...

Posted on 26/05/2023

Singapore court orders Credit Suisse to pay tycoon damages that could amount to hundreds of millions of dollars

A CREDIT Suisse Group AG unit has been ordered by a Singapore court to compensate billionaire Bidzina Ivanishvili for what may well be hundreds of millions of dollars, in yet another setback for the ...

Posted on 26/05/2023

Angel tax hit on Mauritius, Singapore likely to exacerbate startup funding winter

The exclusion of jurisdictions like Singapore, Mauritius, Cayman Islands and Netherlands, which comprise a bulk of the foreign direct investment (FDI) into Indian startups, from a white list of ...

Posted on 26/05/2023

Singapore signs new China ETF connect agreement with Shanghai

“SSE and SGX Group will continue to promote cross-border co-operation between China and Singapore and develop more connectivity products investing in selected ETFs to meet the growing demand for cross ...

Posted on 26/05/2023

Stock Market Live: Sensex, Nifty 50 likely to open lower tracking global cues

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are likely to open lower tracking global cues. Singapore Exchange Nifty futures, an early indicator of the Nifty index, was last trading 55 points ...

Posted on 26/05/2023

Daily Markets Briefing: STI down 0.19%; UOB is top stock

Genting Singapore (1.00%), and Emperador Inc (0.98%) are leading the index. The lowest stocks are DFI Retail Group with 3.04% down and CapitaLand Ascendas Reit with 2.54% down.

Posted on 26/05/2023

HSBC Mulls Exit From 12 Countries to Focus on Asia Business

In sync with its efforts to further boost its presence across Asia, HSBC Holdings HSBC is weighing exit from at least 12 countries. In an interview with Reuters, the company’s newly appointed chief ...

Posted on 25/05/2023

Why it’s important to build resilience in your investments in a volatile world

This advertisement has not been reviewed by the Monetary Authority of Singapore. The relevant offering documents of unit trusts may be obtained from Digiwealth or from any DBS/ POSB branch. You should ...

Posted on 25/05/2023

Singapore stocks decline amid mixed regional showing; STI down 0.2%

THE Straits Times Index (STI) fell 0.2 per cent or 6.49 points to 3,207.72 on Thursday (May 25) as markets in the region put up a mixed showing. Read more at The Business Times.

Posted on 25/05/2023

Tamil Nadu and Singapore companies ink investment deals

Tamil Nadu Chief Minister M.K. Stalin met Minister-in-charge of Trade Relations S. Iswaran in Singapore on Wednesday (May 24) during an investment meeting organised by the Singapore Indian Chamber of ...

Posted on 25/05/2023

Singapore’s finance and insurance industry shrank 0.9% in Q1

Overall, the MTI expects Singapore's economy to grow between 0.5% to 2.5% in 2023. Gabriel Lim, Permanent Secretary (Policy) for MTI, noted the recent banking fiascos in the West amongst reasons for ...

Posted on 25/05/2023

Singapore economy posts smaller contraction in first quarter as global demand weakens

Downside risks in the global economy have risen, which could weigh more heavily on consumption and business investments, the MTI said in a statement. It retained its full-year growth forecast at 0.5 ...

Posted on 25/05/2023

Singapore’s Q1 GDP contraction raises recession risk; China revival key

TOKYO (Reuters) - The Bank of Japan (BOJ) may abandon a controversial bond yield cap this year if risks clouding the outlook, such as global banking sector... NEW YORK (Reuters) -Activist investor ...

Posted on 25/05/2023

Marcum Asia To Expand In Hong Kong As U.S.-China Tech War Shifts IPOs

Marcum Asia CPAs LLP, a joint venture between Marcum LLP and Bernstein & Pinchuk, plans to hire up to 25 people before the end of 2023, Co-Chairman Drew Bernstein said in an interview on Tuesday.

Posted on 25/05/2023

The US-Asean corridor: Opportunities aplenty as the bloc moves ahead

DURING a recent visit to the Asean region to meet with clients and colleagues, I was again reminded of the bloc’s rapid evolution and incredible potential, which is nothing short of impressive. Read ...

Posted on 24/05/2023

Singapore to invest S$3 billion on infocomms tech | Video

Singapore's public sector will spend about S$3.3 billion (US$2.4 billion) on infocommunications technology. A third will go into improving the user experience on government websites and securely ...

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