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Category: FINANCE

Posted on 27/04/2023

ABSD raised to pre-emptively dampen property investment demand: Desmond Lee

SINGAPORE - The latest round of cooling measures was aimed at preventing property prices from being pushed up by investors and prioritising Singaporeans buying homes for owner-occupation, said ...

Posted on 27/04/2023

Asia markets largely higher as new Bank of Japan chief chairs first policy meeting

Asia-Pacific market were largely lower on Thursday as investors focus on the Bank of Japan’s first policy meeting led by new BOJ governor Kazuo Ueda.

Posted on 27/04/2023

Singapore property stocks hit by latest round of cooling measures

Property developers that have limited exposure to the residential market are likely to be less affected, say analysts.

Posted on 27/04/2023

Alipay continues regional expansion as speculation of IPO plans begin to resurface

Ant Group is continuing to grow its Alipay+ digital payment service across Asia, with a significant new deal integrating it into Singapore’s unified QR system, as speculation about its much-lauded IPO ...

Posted on 27/04/2023

Number of women brand owners, inventors rising in Singapore: report

The proportion of women brand owners who registered trademarks rose to 23.4% in 2022. More women are participating in intellectual property (IP) management and innovation in Singapore, a recent study ...

Posted on 27/04/2023

Singapore fuel oil stocks slip to four-week lows; net imports ease 19%

SINGAPORE, April 27 (Reuters) - Residual fuel oil stocks at key trading hub Singapore fell to four-week lows, with net imports easing by 19% after jumping last week, official data showed on Thursday.

Posted on 27/04/2023

Singapore unveils surprise measures to cool property market, doubles stamp duties for foreigners

The tax is now 60 per cent for foreign buyers, while citizens and permanent residents will see small increases when buying second and subsequent properties.

Posted on 27/04/2023

Jail for man who paid doctor linked to Healing the Divide group to obtain fake vaccination records

David Christopher Newton paid S$6,000 to have himself and his unsuspecting wife injected with saline so he could enter Australia despite being unvaccinated.

Posted on 27/04/2023

UPDATE 1-Shares of Singapore property firms slip on surprise tax hike

Shares of Singapore property companies fell on Thursday after the government raised taxes on private property purchases, including doubling stamp duty for foreigners.

Posted on 27/04/2023

Cooling ‘pre-emptive measure’ to dampen local & foreign property investment demand: Desmond Lee

Raise ABSD rate from 17 per cent to 20 per cent for Singapore citizens purchasing their second residential property Raise ABSD rate from 25 per cent to 30 per cent for Singapore citizens purchasing ...

Posted on 27/04/2023

Latest round of property cooling measures hits S’pore stock market

While property stocks were in the first line of fire, banks were also sold down. Read more at straitstimes.com.

Posted on 27/04/2023

Singapore Lender UOB’s Q1 Core Net Profit Leaps 74% to Record $1.2 Billion

Singapore's United Overseas Bank reported on Thursday a 74% surge in core net profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The ...

Posted on 27/04/2023

Stock Market Live: Sensex, Nifty 50 likely to open with cuts

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open lower tracking global cues. Singapore Exchange Nifty futures, an early indicator of the Nifty index, was trading 46 points or ...

Posted on 27/04/2023

Singapore lender UOB’s Q1 core profit leaps 74% to record $1.2 bln

Singapore's United Overseas Bank reported on Thursday a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth.

Posted on 27/04/2023

Singapore lender UOB’s Q1 net profit leaps 74% to record $1.2 bln

Singapore's United Overseas Bank reported on Thursday a 74% surge in net profit in the first quarter from a year earlier on the back on strong net interest and non-interest income growth.

Posted on 27/04/2023

Investing in Singapore Exchange (SGX:S68) five years ago would have delivered you a 48% gain

For example, the Singapore Exchange Limited (SGX:S68) share price is up 24% in the last 5 years, clearly besting the market decline of around 28% (ignoring dividends). However, more recent returns ...

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