China's State Grid plans to invest more than 150 billion yuan ($22 billion) in the second half of 2022 in ultra high voltage (UHV) power transmission lines, state media Xinhua News reported on ... ( read original story ...)
5 Singapore businesses tried to profiteer using GST rise as excuse: Gan Kim Yong
Five businesses were alleged to have used the GST increase as an excuse to increase the prices of essential products and services, said Minister for Trade and Industry Gan Kim Yong. In a written reply ... ( read original story ...)
HSBC Hard Sells Growth Plan to Disgruntled Investors After Rebuffing Breakup
HONG KONG/SINGAPORE (Reuters) -HSBC executives on Tuesday defended the lender's strategy to operate as a global bank and promised better returns to disgruntled individual shareholders in Hong Kong, a ... ( read original story ...)
Singapore’s OCBC Shares Hit 3-Mth High on Stellar Quarterly Results
Investing.com-- Shares of Oversea-Chinese Banking Corp (SGX:OCBC) hit a three-month high on Wednesday after Singapore’s second-largest bank logged strong growth in its second-quarter profit. As of ... ( read original story ...)
Singaporeans With Low Incomes Continue to Face the Lowest Wage Growth, DBS Says
Low-income earners in Singapore will face the lowest growth in wages and the biggest jump in household expenses as inflation rises, according to DBS. ( read original story ...)
Asia-focused SPAC Catcha Investment 2.0 withdraws $250m US IPO
Catcha Investment 2.0, the second blank cheque company formed by Singapore-based internet investment firm Catcha Group, has filed to withdraw its plans to raise $250 million in an initial public ... ( read original story ...)
Rising Interest Rates and Returns for Singapore Savings Bonds (SSB) — Should You Start Investing In It?
With the increased attention toward personal assets, people are looking to strengthen their portfolios by investing in low-risk bonds. Learn more about Singapore Savings Bond (SSB), a bond with a ... ( read original story ...)
Singtel adds $100M to startup investment arm
Singapore telco pumps another $100 million into its VC arm Innov8 to expand its investment portfolio across Southeast Asia, China, Australia, Israel, and the US. ( read original story ...)
Singapore’s Central Bank to Consult Public for Stablecoin Regulations
The MAS is reviewing a regulatory regime targeting risks involving stablecoins, the minister in charge of the bank said. ( read original story ...)
No change to ‘generous’ CPF interest rates amid inflation, with floor rates still higher than bank rates: Tan See Leng
SINGAPORE — The interest rates for the Central Provident Fund (CPF) will remain unchanged for now because interest rates at banks continue to be below the effective CPF floor rates. ( read original story ...)
Singapore’s watchdog urges financial firms to ‘discourage’ retail crypto trading
Despite the cryptocurrency sector's exponential growth, Singapore's central bank is warning against crypto trading. ( read original story ...)
Barclays Hunts for Private Banking Deals Amid Singapore Rebuild
Barclays Plc. is on the prowl for deals that will expand its business catering to Asia’s wealthy six years after largely retreating from the space. ( read original story ...)
2022 Mid-Year Round Up: Where to Next for Singapore Stocks and REITs?
As we shake off a turbulent first half, we gaze into our crystal ball to see what we can expect for the second half of this year. The post 2022 Mid-Year Round Up: Where to Next for Singapore Stocks ... ( read original story ...)
HSBC aims to placate Hong Kong investors after rejecting break-up call from Ping An
HSBC’s bosses will meet retail investors in Hong Kong on Tuesday, seeking to convince them that a strategy to operate as a unified bank is better for its future than a break-up mooted by top ... ( read original story ...)
How Singapore is trying to cool itself down
The temperature had reached 86 degrees and was climbing. Humidity was measured at 75%. Sunshine glinted off the tall buildings.'Fourteen volunteers, six ... ( read original story ...)
Funding Digest: Axcynsis Therapeutics receives $10m, Leap Finance gets $15m
Singapore-based biotech startup Axcynsis Therapeutics and edtech firm Leap Finance have received fresh money as part of their earlier announced funding rounds, according to ACRA filings accessed by ... ( read original story ...)