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Category: FINANCE

Posted on 15/02/2023

Four key points from the ST-UOB Roundtable on Budget 2023

The key points raised during the ST-UOB roundtable – moderated by ST associate editor Vikram Khanna – include the impact of inflation on business and the tough choices that lie ahead for Singapore.

Posted on 15/02/2023

The Battle For High Interest: Why I Chose To Switch To The UOB One Account

With the UOB One Account, we can earn more than $430 a month in interest on the first $100,000 of savings. This article was written in collaboration with UOB. All views expressed in this article are ...

Posted on 15/02/2023

Stock Market LIVE Today: Sensex, Nifty50 likely to open weaker as indicated by SGX Nifty futures; ONGC, ITC in focus

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are down 67 points or 0.4 per cent at 17,860.5 at this hour, suggesting a weak start ahead on Dalal Street. Earlier ...

Posted on 15/02/2023

Steady Start Eyed For Singapore Stock Market

(RTTNews) - The Singapore stock market has moved lower in back-to-back sessions, sinking more than 40 points or 1.2 percent along the way. The Straits Times Index now rests just beneath the ...

Posted on 15/02/2023

Setting this year’s budget was a ‘very delicate balancing act,’ says Singapore minister

Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong discusses the 2023 budget that was delivered in parliament on Tuesday. He says it was a challenge to find a "sweet spot" as ...

Posted on 15/02/2023

One of the world’s largest sovereign wealth funds has hit the brakes on investing in China amid fears about Beijing’s leadership, report says

Singapore's sovereign wealth fund, GIC, has significantly reduced its private investing in China, sources told the Financial Times. Reasons include Xi Jinping's "common prosperity" campaign and fears ...

Posted on 15/02/2023

Jupiter Asset Management chooses head of Asia

Singapore-based Madeline Han took up the role of head of Asia, as Jupiter AM also promoted two regional heads of sales.

Posted on 14/02/2023

HSBC adds former JPMorgan banker Kalpana Morparia to board

Her deep banking expertise and experience of the Asia region, particularly in India and Southeast Asia, will be an asset to the Board," HSBC chair Mark Tucker said. Jackson Tai, another former ...

Posted on 14/02/2023

Singapore’s GIC says still exploring China investment opportunities

Singapore sovereign wealth fund GIC said it continues to scout for long-term investment opportunities in China, looking at a wide range of industries, adding that it maintains significant exposure to ...

Posted on 14/02/2023

Budget 2023: National Productivity Fund gets $4 billion top-up to attract multinational investments

The fund was established to support a wide range of measures for businesses to improve productivity, and continue to educate and train workers. Read more at straitstimes.com.

Posted on 14/02/2023

FirstFT: Singapore’s GIC scales back China investments

Singapore’s GIC, one of the world’s largest investors ... The sovereign wealth fund has also significantly slowed the pace of its direct investments in private Chinese companies, five people with ...

Posted on 14/02/2023

Singapore finance minister sees lower 2022 budget deficit at S$2 billion

Singapore Finance Minister Lawrence Wong said on Tuesday the government expects 2022's budget deficit to be S$2 billion ($1.51 billion), or 0.3% of gross domestic product, down from a previous ...

Posted on 14/02/2023

Singapore finance minister sees 2022 budget deficit of RM6.6bil

SINGAPORE, Feb 14 (Reuters): Singapore's Finance Minister Lawrence Wong said on Tuesday the government expects 2022's budget deficit to be S$2 billion (US$1.51 billion - RM6.6bil), down from a ...

Posted on 14/02/2023

Singapore fin min sees lower 2022 budget deficit at S$2bil

SINGAPORE: Singapore Finance Minister Lawrence Wong said on Tuesday the government expects 2022's budget deficit to be S$2 billion ($1.51 billion), or 0.3% of gross domestic product, down from a ...

Posted on 14/02/2023

Singapore’s GIC rethinks China strategy after significant pullback

Singapore’s sovereign wealth fund GIC has put the brakes on private investments in China as it steps up scrutiny of risks in the world’s second-biggest economy. GIC, one of the world’s largest ...

Posted on 14/02/2023

Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA

Aspire, the Singapore-based neobank that wants to become the financial ... Aspire began offering more services, including bank accounts for cross-border businesses, corporate cards, payable and ...

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