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Category: FINANCE

Posted on 25/01/2023

Shifting from Singapore to India cost PhonePe investors Rs 8,000 Cr in taxes

Sameer Nigam, Co-founder and CEO of PhonePe, said Indian laws pose several challenges for startups that want to shift domicile to India.

Posted on 25/01/2023

Investors forked out Rs 8000 cr to shift base from Singapore to India, says PhonePe CEO Sameer Nigam

The company completed the move in October when it shifted all businesses and subsidiaries of PhonePe Singapore to PhonePe Pvt Ltd ... to raise funds from other investors who may have their investment ...

Posted on 25/01/2023

Reits lead Singapore stocks higher on Wednesday; STI up 1.8%

SINGAPORE stocks jumped higher on Wednesday (Jan 25) with real estate investment trusts (Reits) leading the gainers, as investors returned after the Chinese New Year holidays. Read more at The ...

Posted on 25/01/2023

Singapore’s Sea said to be eyeing sale of Phoenix Labs to cut costs

SEA Ltd is considering a sale of Vancouver-based indie developer Phoenix Labs as the South-east Asian Internet giant slashes costs and focuses on its core business, said sources.  Read more at The ...

Posted on 25/01/2023

EMERGING MARKETS-Thai baht unchanged after c.bank hikes rates; Singapore stocks rally

Thai baht, stocks unchanged after rates decision * Singapore shares hit near 9-mth high * China, Taiwan, Hong Kong closed for new year By Savyata Mishra Jan 25 (Reuters) - The Thai baht was broadly ...

Posted on 25/01/2023

Digital red packets proving popular during CNY; $5m topped up in DBS QR gift cards over 2 days

Some banks see customer adoption hitting a record high over the Chinese New Year period. Read more at straitstimes.com.

Posted on 25/01/2023

CMC Markets gets green light for Singapore launch, trading in line after January rebound

CMC Markets PLC (LSE:CMCX) said a regulatory green light had been agreed for the launch of CMC Singapore Invest, while trading for the year to 31 March was ...

Posted on 25/01/2023

Singapore’s December Core Inflation Rises 5.1%

Singapore's key consumer price gauge rose 5.1% in December, slightly higher than forecast, official data showed on Wednesday. The core inflation rate - which excludes private road transport and ...

Posted on 25/01/2023

Stock Market LIVE Updates: Sensex down 150 pts, Nifty below 18,100; CarTrade Tech gains 5%, MOSL falls 5%

Nifty futures on the Singapore Exchange traded 28 points, or 0.15 per cent, lower at 18,176.50, signaling that Dalal Street was headed for a negative start on Wednesday. Headline equity index Nifty ...

Posted on 25/01/2023

Thai baht down ahead of policy decision; Singapore leads Asian shares up

Asian emerging markets trickled back to life on Wednesday after the Lunar New Year holiday, with the Thai baht dipping ahead of a central bank policy rate decision, while Singapore shares hit a near ...

Posted on 25/01/2023

Best credit card promotions in Singapore: Citibank, UOB, DBS (January 2023)

When it comes to credit card promotions these days, we're spoilt for choice. Banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple ...

Posted on 25/01/2023

We’re still waiting for the dust to settle in China’s property sector, DBS Bank says

Hou Wey Fook of the Singapore bank discusses China's reopening and says it likes "the internet platforms, e-commerce, cloud computing plays." ...

Posted on 25/01/2023

Market LIVE Updates: SGX Nifty futures indicate lower start for Sensex and Nifty 50

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

Posted on 25/01/2023

Nifty to top 18250 or profit-booking on cards on monthly F&O expiry? 7 things to know before market opens

Indian benchmark indices are likely to open on a negative note on monthly F&O expiry, hinted SGX Nifty on Wednesday. Here are 7 things you must know before share market opening bell.

Posted on 25/01/2023

RHB maintains ‘buy’ on OCBC Bank amid expectations of a stable 4QFY2022

The RHB analysts expect the bank to post a net profit of $1.55 billion for the quarter, down an estimated 3.5% q-o-q.

Posted on 25/01/2023

Netizens say Singapore is first-world country, but ATM outlet litterbugs don’t reflect first-world citizens

"1st world country but many 3rd world citizen and mindset," said a netizen. "1st world country doesn't mean you are 1st world citizens, leh," said another.

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