Tepid spending amid a challenging macroeconomic outlook pressured Sea's e-commerce business Shopee and caused a steep decline in its mobile gaming business. After a meteoric run in 2020 and part of ...
Singapore’s Sea Misses Quarterly Revenue Estimates
(Reuters) - Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services. U.S.-listed shares ...
Lucasfilm’s Industrial Light & Magic to Close VFX and Animation Facility in Singapore Due to ‘Economic Factors Affecting the Industry’
Disney-owned Lucasfilm/ Industrial Light & Magic is to close its VFX and animation facility in Singapore, where more than 300 people are employed. The company points to changes in the global ...
‘Rent prices have tumbled’: Expat shares insights on property market after 24 years here as realtor
Singapore's property costs have stayed painfully high and both locals and foreigners alike have been feeling the pinch. But is the market showing signs of cooling off? Juliet, who is the co-owner of a ... ( read original story ...)
UOB Kay Hian Remains a Hold on Singapore Exchange (SPXCF)
In a report released today, Llelleythan Tan from UOB Kay Hian maintained a Hold rating on Singapore Exchange (SPXCF – Research Report), ...
DBS head says Singapore hasn’t realized that it’s rich, suggests rethinking what to do with reserves
Mr Piyush Gupta, the head of DBS Group Holdings, called for reconsidering how the country’s sizable reserves can be better deployed. “We’ve still not caught up around the fact that we are a rich ...
Company and its director fined $7,500 each for illegally importing over 810kg of meat, seafood products
A food importer was fined $7,500 for illegally importing meat, seafood and processed food for sale, the Singapore Food Agency (SFA) said in a statement. Read more at stomp.straitstimes.com ...
Lucasfilm shutters its Singapore studio after nearly 2 decades in the country amid Disney’s plan to save $5.5 billion this year
The winding down "is in response to changes in the industry and business conditions," a Singapore government unit said in a statement.
Singapore among world’s first to agree stablecoin crypto regulation
The stablecoin market is valued at around $125 billion with two tokens — Tether's USDT and Circle's USDC — dominating with around 90% share.
Singapore Exchange to List Structured Certificates Linked to China’s Alibaba
The first issue of the structured certificates is a yield enhancement product linked to Chinese tech giant Alibaba Group with an autocall feature, according to SGX in a statement. It will be listed on August 30, SGX said. Societe Generale is the issuer, with UOB and UOB Kay Hian as the primary distributors, according to ...
Disney to shut Lucasfilm studio in Singapore
Lucasfilm's visual effects and animation studio in Singapore will close down in the coming months due to economic reasons, parent firm Disney said on Tuesday. "Over the next several months, ILM will be consolidating its global footprint and winding down its Singapore studio due to economic factors affecting the industry,
Must-watch: Singapore Reserves Revealed gives exclusive insight into the country’s rainy day fund
Produced over the span of six months, Singapore Reserves Revealed is to date, the most extensive look at one of Singapore’s most closely guarded secrets. It features exclusive interviews with the ...
Singapore introduces visionary regulatory framework to boost stablecoins’ stability
The Monetary Authority of Singapore (MAS) unveiled an innovative regulatory framework to boost the stability of the nation’s certified stablecoins on 15 August. The central bank revealed that the new ...
Chongqing and Singapore lead by example in green finance collaboration – Minister Insights
As Chongqing's green finance infrastructure crystallizes, its synergy with Singapore signifies a watershed moment in the region's quest for sustainability. Their collaborative spirit serves as a ...
Invaluable Chinese photovoltaic technology and experience for Singapore – Minister Insights
Fu spoke of Singapore's ambitions to forge sustainable energy partnerships. She spotlighted the nation's intent to import green energy from neighboring countries, with China as a leading partner.
Saudi, Singapore wealth funds snap up Alibaba, JD.com, BeiGene and other Chinese stocks, picking up where US funds left off
The Saudi and Singapore sovereign funds recorded steep losses last year amid a global market downturn. The PIF incurred a loss of US$11 billion on investment activities last year, versus a US$19 ...