CITIGROUP has appointed a veteran of more than 20 years to lead its Asia-Pacific commercial bank operations from Singapore, as it hires for the business in the region. Read more at The Business Times.
DBS downgrades Prime US REIT on high gearing, refinancing risks, falling occupancy
DBS Group Research has downgraded Prime US REIT OXMU -1.53% to “hold” following its results for 1HFY2023 ended June, citing high gearing, refinancing risks and declining occupancy among the US office ...
Many motorists driving to Singapore still prefer physical road tax and licence
While Malaysians do not usually need to produce their road tax or driver’s licence when they commute to Singapore for work daily, many still prefer having the physical documents to avoid potential ...
Singapore’s key exports fall by 13.4% in second quarter of 2023
SINGAPORE: Singapore's non-oil domestic exports (NODX) declined in the second quarter of 2023, falling by 13.4 per cent, with both electronics and non-electronics seeing a drop. The drop follows a 16.
Singapore cuts 2023 economic growth forecast to 0.5-1.5% on weak trade outlook
Singapore on Friday cut its economic growth forecast for this year owing to weak demand from key export markets including China and the United States.
Singapore’s full-year growth forecast narrows to 0.5-1.5%, Q2 growth revised down
SINGAPORE’S official full-year growth forecast for 2023 has been narrowed to a range of 0.5 per cent to 1.5 per cent, down from 0.5 per cent to 2.5 per cent, as the external demand outlook for the ...
Singapore Billionaire Kwek Leng Beng’s CDL Eyes More Global Acquisitions Despite Soaring Interest Rates
I would like to grab opportunities whether it’s in the U.K., Asia, or America,” Kwek, executive chairman of CDL, said Thursday after the company announced its first-half results.
Singapore Q2 GDP revised lower as 2023 outlook dims
Investing.com-- Singapore’s economy grew less than initially expected in the second quarter, official data showed on Friday, with the government also positing a weaker outlook for 2023 as a ...
Genting Singapore Shares Rise as Profit Soars
By Ying Xian Wong Genting Singapore shares rose early Friday after its first-half earnings more than tripled. Shares of the casino operator jumped 4.3% ...
Singapore narrows 2023 growth forecast on ‘weak’ external demand
The growth forecast was trimmed to between 0.5% to 1.5%, from an earlier range estimate of 0.5% to 2.5%, the Ministry of Trade and Industry on Friday.
Singapore downgrades GDP outlook, avoids recession
Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in the second quarter, with weak global demand a key drag on its trade-reliant economy. Goss ...
Singapore’s full-year growth forecast narrows to 0.5-1.5%, Q2 growth revised lower
SINGAPORE’S official full-year growth forecast for 2023 has been narrowed to 0.5 per cent to 1.5 per cent, down from 0.5 per cent to 2.5 per cent, as the external demand outlook for the rest of the ...
Singapore stocks open Friday lower after revised growth forecast; STI down 0.2%
SINGAPORE shares slipped at the opening bell on Friday (Aug 11), after the Ministry of Trade and Industry narrowed its official full-year growth forecast for 2023, citing a weak external demand ...
Singapore narrows 2023 growth forecast range to 0.5-1.5%, as external demand outlook remains weak
This is down from the previous forecast range of 0.5 to 2.5 per cent, as the Ministry of Trade and Industry said it sees a “weak” external demand outlook for the rest of the year.
Singapore downgrades 2023 export forecasts on worse-than-expected performance
SINGAPORE has narrowed its 2023 full-year forecast for non-oil domestic exports (NODX) and lowered its total merchandise trade projection on a worse-than-expected performance so far this year, led by ...
Singapore GDP Climbs 0.1% On Quarter In Q2
Singapore's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the second quarter of 2023, the Ministry ...