A private banking industry group in Singapore on Friday denied a media report that the city state had asked global banks to keep quiet on wealth inflows coming from China over the past year due to ...
Daily Cuts – S1E267: Collaboration, not competition, to boost Singapore’s construction recovery
As Singapore's construction sector bounces back, a consultant says partnerships among key industry players can do more to ensure a smooth and strong recovery in the face of uncertainties like high inflation and rising interest rates.
Singapore Bank Group Denies MAS Muzzled Talk on Wealth Inflows
Singapore’s Private Banking Industry Group, which includes the city-state’s central bank and large lenders, rejected a report that it sought to silence discussions about the origin of wealth inflows ...
Singapore bunker sales rebound in March; vessel calls hit more than two-year highs
Sales of marine fuel, also known as bunker fuel, recovered at top refuelling hub Singapore in March as vessel calls for bunkering reached more than two-year highs, official data showed Friday.
Tesla is discounting its cars in Singapore by $3,000 to $3,800 to make them ‘more affordable’ — but they still cost upwards of $57,000
Singapore is the most expensive country in the world to own a car, with vehicle licenses costing more than a Tesla car.
Singapore’s largest F&B container park set to open near Changi Airport this year
A new F&B container park – and the largest one in Singapore – will open in the third quarter of the year at 30 Cosford Road, near Changi Airport.
Asia shares gain as Singapore stops tightening, euro climbs
Asian shares firmed on Friday as Singapore became the latest country to pause its policy tightening and markets became more confident the likely next hike in U.S. rates would be the last this cycle.The dovish signals helped keep non-yielding gold near one-year highs,
Singapore’s rate pause points to new reality
Singapore’s surprise decision on Friday to keep its monetary policy unchanged leaves one thing unsaid. The central bank at the helm of one of the world’s most open economies pointed to multiple problems,
MAS: Core inflation in Singapore to ease in second half of 2023, to end the year ‘significantly lower’
Core inflation in Singapore will remain elevated in the next few months, but should progressively ease in the second half of this year, and end the ...
Singapore can’t avoid a recession, economist says
Song Seng Wun of CIMB Private Banking says that's because much of the country's gross domestic product comes from external trade, though there could be "upside surprises" from China's reopening. He ...
Singapore boy under investigation for allegedly stealing bus and driving 100km around town
A 12-year-old boy who stole a bus and took it for a joyride around the East area is under police investigation.
What laws apply when a Singapore-registered vessel or Singaporean is caught up in a pirate attack overseas?
The authorities are still working to resolve the boarding of a Singapore-registered tanker by “unidentified persons” off Ivory Coast in western ...
Our Singapore clients have been more bullish on U.S. stocks, TD Ameritrade
Alex Coffey of TD Ameritrade says its Singapore clients have been more optimistic, as measured by the risks they've been taking.
Singapore asks banks to keep quiet on wealth inflows during China boom
The tacit directive from the Monetary Authority of Singapore was given during a February 20 meeting of an industry group made up of bankers and regulators, according to multiple people who attended.
Singapore Halts Policy Tightening After First-Quarter Slump
Singapore’s central bank kept its monetary policy settings unchanged after five straight tightening moves since October 2021, pointing to rising global growth risks and ebbing inflation.
No change in Singapore’s monetary policy; current approach ‘appropriate’ for price stability, says MAS
The central bank said the effects of its past tightening moves "should dampen inflation further". It also flagged the risk of a "deeper than anticipated" slowdown in the Singapore economy.