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Posted on 14/10/2024

GDP growth boosts market sentiment; STI up 0.6%

The benchmark Straits Times Index (STI) was up 0.6 per cent or 22.15 points at 3,595.91 at the close. Across the broader market, losers outnumbered gainers 301 to 254, after 1.3 billion securities ...

Posted on 14/10/2024

Developing | Singapore opposition leader Pritam Singh stands trial for alleged lies under oath

The trial marks the first time in Singapore’s history when an opposition leader has been prosecuted for lying to a parliamentary committee.

Posted on 14/10/2024

S.Korea’s Hanwha sweetens takeover offer for Singapore’s Dyna-Mac

South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.

Posted on 14/10/2024

Singapore’s Central Bank Holds Steady as Economy Picks Up, Inflation Cools

Singapore’s growth momentum has picked up and the negative output gap is projected to close in H2 2024,” the MAS said.

Posted on 14/10/2024

OCBC to Stop Russia-Linked Transactions to Cut Risk

Oversea-Chinese Banking Corp. will stop handling transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions.

Posted on 14/10/2024

Jamus Lim on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Bill will align Singapore’s tax regime with international tax developments arising from the BEPS 2.0 initiative. On concerns that subscribing to a corporate minimum tax will erode a cornerstone of Sin ...

Posted on 14/10/2024

Top Tech News: Singapore’s Economy Expands by 4.1% in Q3 2024; London Crypto Trader Pleads Not Guilty to Illegal Crypto ATM Business Charges

Good morning, tech fam; here are some quick tech updates for you to catch on to! What’s New Today: Singapore’s Economy Expands by 4.1% in Q3 2024Fast-Track Insi ...

Posted on 14/10/2024

Alleged Hong Kong Crypto Swindler Tied to Singapore Money Laundering Syndicate

Su Weiyi is also listed as an owner of two Hong Kong companies along with a man named Wang Dingkai. He co-founded a firm in the Philippines, which was raided by police in 2023 as part of an ongoing ...

Posted on 14/10/2024

China copper imports climb 15% on seasonal demand, brighter outlook

Singapore – China’s imports of unwrought copper rose in September from the prior month, customs data showed on Monday, due to improving seasonal demand and a better consumption outlook for the ...

Posted on 14/10/2024

China’s Exports Slow But Continue Run of Growth

China’s exports grew at a slower pace in September, but extended their streak to a sixth consecutive month, driven by Beijing’s efforts to cement its dominance in global manufacturing.Outbound ...

Posted on 14/10/2024

Free collection of bulky e-waste from doorstep for all households in Singapore from 2025

More than 22,300 tonnes of electronic waste have been collected in Singapore since February 2022. Read more at straitstimes.com.

Posted on 14/10/2024

Singapore economy grows 4.1% in Q3, more than expected, on manufacturing rebound

Manufacturing sector expanded 7.5 per cent, rebounding from 1.1 per cent contraction in previous quarter. Read more at straitstimes.com.

Posted on 14/10/2024

Singapore to Halt $1.69 Billion Allianz Deal for Majority Stake in Income Insurance

The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore insurance company Income Insurance.

Posted on 14/10/2024

Singapore blocks massive US$1.7bil Allianz-income insurance deal; govt says it is not good for public interest

Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open to a new deal if its concerns can be addressed, Prime Minister Lawrence Wong said in a Facebook post on Monday.

Posted on 14/10/2024

Singapore Dollar Steady, Underpinned by MAS’s Appreciation Stance on Policy Band

Singapore dollar was steady against its U.S. counterpart after choppy trade earlier, after the Monetary Authority of Singapore decided to keep its policy settings unchanged.

Posted on 14/10/2024

MAS keeps support for strong Singdollar; sees core inflation easing to 2% by year-end

MAS said risks to Singapore’s inflation outlook are more balanced compared to July. Read more at straitstimes.com.

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