Economists from DBS Group Research expect the US Fed to hike rates once more during the 2Q2023 to 5.25%, which is the terminal rate for the current rate hike cycle. See also: CGS-CIMB stays 'neutral' ...
Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast
Singapore's key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate - which excludes private road transport and accommodation ...
DBS maintains ‘buy’ call on FCT with 2023 shaping up to be ‘banner year for acquisitions’
2023 is shaping up to be another banner year for acquisitions with [around] $500 million in acquisition deals year-to-date.
Singapore EV battery startup Oyika secures $8.75m in funding
Singapore-based smart-battery-swapping startup Oyika has secured fresh funding from BPIN Investment, a unit of Thailand's smart-energy company Banpu Next, according to regulatory filings. Banpu Next, ...
Funds raised by Singapore’s early-stage emerging tech startups down 28% in 2022
SINGAPORE - Early-stage emerging technology startups in Singapore raised US$253 million (S$337.5 million) in funding last year, down 28.1 per cent from the US$352 million raised in 2021, said ...
StashAway launches third cash management portfolio with fixed deposit holdings, daily-reviewed rates
The launch comes a day after the digital wealth manager announced higher management fees for its two prior cash portfolios.
DBS CEO Piyush Gupta in new book: Don’t forget your younger self
Why did the DBS CEO say this? Find out too who are the other famous personalities who shared their life lessons.
NI has potential to be Singapore-style investment hub, says Silicon Valley CEO
Ms Friar was back in Northern Ireland last week to speak at a major conference marking the 25th anniversary of the Good Friday Agreement ...
IPO market shows signs of life even as recession fears persist
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia. But ...
Northern Ireland has the potential to be Singapore-style investment hub, says Silicon Valley CEO Sarah Friar
Northern Ireland has the potential to become a Singapore-style international investment hub, a Silicon Valley tech chief executive has predicted.
Shanghai and Singapore initiating new collaboration in new era
Singapore and Shanghai have been reaffirming strong comprehensive business ties over the years, with a sector in point being financial services and innovation. To deepen diplomatic relations and ...
Maid runs away after borrowing money from loan shark; employer later discovers $20k missing from bank account
One woman in Singapore was shocked to discover that the family's maid had borrowed $10,000 from loansharks. Not only that, they later found out that $20,000 had been stolen from their mother's bank ...
U Power shares soar after biggest US IPO this year
U Power shares skyrocketed amid more than 20 halts for volatility as the Chinese electric vehicle (EV) startup debuted on a US exchange on Thursday.
Less than 1% of private home transactions in Singapore use 99-to-1 arrangement: Finance Ministry | Video
From 2018 to 2021, about 0.5 per cent of private residential properties transacted involved “99-to-1” or similar arrangements, and action will be taken against both buyers and property agents, said ...
How DBS CEO Piyush Gupta, burnt in 2001 dot-com bubble burst, came back with new mindset
PERSPECTIVE: In a chapter of a new book, CEO of DBS Group Piyush Gupta shares his personal struggles with mental wellness after he left a senior position at Citibank to start a business, only to have ...
Mirxes applies for Singapore mega IPO, but HK beckons with possibly higher valuation
HOME-GROWN cancer diagnostics company Mirxes has made its first submission of documents to the Singapore Exchange (SGX) for an initial public offering (IPO) that could raise between US$100 million and ...