UOB has awarded its chairman, Wong Kan Seng, over S$400,000 in shares, the bank said in a bourse filing on Wednesday (May 8). Read more at The Business Times.
UBS Jumps as Swiss Lender Returns to Profit
Key Takeaways UBS Group returned to a profit after two quarters of losses as it cut costs and moved forward with its integration of Credit Suisse.The Swiss bank purchased struggling rival Credit Suisse in a government-backed bailout in March 2023.
Singapore has achieved astounding economic success
S ince its independence almost 60 years ago, Singapore has become a beacon of prosperity. In a part of the world where middle-income status is the norm, the city-state is now the ...
Shell sells Singapore assets on Pulau Bukom and Jurong Island after strategic review
SINGAPORE - Oil giant Shell has agreed to sell its energy and chemicals park on Singapore’s Pulau Bukom and Jurong Island to a joint venture comprising Indonesia’s Chandra Asri Capital and global ...
Exploring Top Dividend Stocks In Singapore May 2024
As of May 2024, the Singapore market continues to attract attention with its robust economic indicators and stable financial environment, fostering confidence among investors. Amidst this backdrop, ...
Explainer-Shell’s Singapore refinery sale and its market significance
Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore,
Singapore-ASEAN trade stands at $295.6b in 2023
The direct investment abroad from Singapore to ASEAN also reached $226.1b. The total trade between Singapore and its Southeast Asian neighbors amounted to $295.6b in 2023, a 14% increase from 2019. “The ASEAN region is an important market for our ...
MAS follows up on DBS to identify reasons for disruptions and address them effectively
SINGAPORE: The Monetary Authority of Singapore (MAS) is following up on DBS to identify reasons... The post MAS follows up on DBS to identify reasons for disruptions and address them effectively appea ...
Singapore urged to increase renewable grid interconnection investment
Singapore should focus on increasing its investment in renewable grid interconnection to double its renewable energy imports, supporting its energy transition and bringing the cost of its electricity.
US revokes Intel, Qualcomm’s export licenses to sell to China’s Huawei, sources say
By Alexandra Alper, Fanny Potkin and David Shepardson WASHINGTON/SINGAPORE (Reuters) -The U.S. has revoked licenses that allowed companies including Intel and Qualcomm to ship chips used for laptops ...
Singapore’s DBS appoints Ping An Technology CEO as chief information officer
SINGAPORE, May 8 (Reuters) - Singapore's biggest bank DBS Group (DBSM.SI) , opens new tab said on Wednesday that it has appointed Ping An Technology's chairman and CEO Eugene Huang as its chief ...
Number of millionaires in Singapore soars by over 60%, making SG the 4th wealthiest nation in the world
SINGAPORE: Singapore has seen an unprecedented surge in its millionaire population over the past decade,... The post Number of millionaires in Singapore soars by over 60%, making SG the 4th wealthiest ...
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner ...
Singapore says Air Force F-16 crashed at air base on Wednesday
A Singapore Air Force F-16 plane crashed at Tengah Air Base on Wednesday at 12:35 p.m. (0435 GMT), Singapore's defence ministry said on Wednesday.
Shell Agrees to Sell Singapore Assets to Glencore-Indonesian JV
(Bloomberg) -- Shell Plc has agreed to sell its Singapore refining and chemicals assets to a joint venture between commodity trader Glencore Plc and Indonesian company PT Chandra Asri Pacific. Most ...
Cambodian nationals deported from Singapore following record money laundering convictions
Two men, Su Wenqiang and Wang Baosen, both of whom hold Cambodian passports and were convicted in Singapore's largest-ever money laundering case, were deported to Cambodia on May 6, according to the ...