Both Nodx and total merchandise trade are now expected to contract by 9% to 10%. Read more at straitstimes.com.
Singapore’s full-year growth forecast narrowed to 0.5-1.5%, as Q2 growth revised lower
SINGAPORE’S official full-year growth forecast for 2023 has been narrowed to 0.5 to 1.5 per cent, down from 0.5 to 2.5 per cent, as the external demand outlook for the rest of the year remains weak, ...
Singapore cuts 2023 economic growth forecast to 0.5-1.5%
Singapore economy narrowly avoided a technical recession in the second quarter this year. Read more at straitstimes.com.
Singapore narrows 2023 GDP growth projection to lower range
With better visibility that external demand will remain weak towards the end of the year, Singapore has narrowed its 2023 GDP growth projection range to 0.5 to 1.5%, from the earlier 0.5 to 2.5%.
Singapore billionaire, Lim Oon Kuin accused of brazen fraud by HSBC: ‘must be held accountable’
HSBC Holdings Plc said it was deceived by oil tycoon Lim Oon Kuin and his children as civil lawsuits brought by the bank and liquidators of his collapsed fuel trading empire kicked off in Singapore.
Putin approves suspension of tax treaties with ‘unfriendly’ countries – RIA
Russian President Vladimir Putin chairs a meeting with members of the Security Council via video link at the Kremlin in Moscow, Russia August 4, 2023. Sputnik/Alexander Kazakov/Kremlin via REUTERS/Fil ...
Singapore solar company plans major US manufacturing plant in New Mexico, pending federal loan
Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy ...
Singapore issues arrest notice to billionaire in anti-graft probe involving country’s transport minister
Singapore's anti-graft agency issued an arrest ... "continues to be a strong focal point for tourists, global events and business meetings. We have decided to continue hosting the F1 race for ...
Foreign tech start-ups leveraging Singapore’s brand to venture overseas
IMDA works with global partners to make S'pore a hub for tech solutions and deepen its talent pool. Read more at straitstimes.com.
Singapore-based solar company to bring manufacturing plant, 1,800 jobs, to Albuquerque
A Singapore-based solar company will be bringing an estimated $1 billion investment and 1,800 jobs to Albuquerque.
Singapore-Based DigiFT Launches Regulatory-Compliant US Treasury Token
DigiFT, a digital asset decentralized exchange (DEX) based in Singapore, launched DigiFT US Treasury Token (DUST) – “the first fully regulatory-compliant U.S. Treasury token issued on a public ...
BBC Studios debuts Bluey toys in Asia with Singapore launch
Toy range licensed by Moose Toys and distributed by Sheng Tai Toys, hit shelves for the first time in the region, starting with Singapore retail stores.
Crypto investors sue Asian venture capital firms for ‘aiding and abetting’ FTX, naming Temasek, SoftBank and Sino Global
Temasek, SoftBank and Sino Global were named along with nine other VC firms in a class-action lawsuit alleging they should have known about issues at FTX before it collapsed.
Blockchain.com Obtains Major Payment Institution License from Monetary Authority of Singapore
Blockchain.com announced it has been granted a major payment institution (MPI) license from the Monetary Authority of Singapore.
HSBC accuses S’pore oil tycoon of brazen fraud
“It is HSBC’s case that it has been a victim of brazen fraud perpetrated by the defendants,” the bank’s lawyers said in an opening statement, adding the Lims cheated various banks into extending ...
Singaporean man fined RM51,000 for illegally importing more than 180kg of food products from China
A Singaporean man was fined $15,000 (RM51,000) on Thursday for illegally importing more than 180kg of meat and seafood products from China, according to a joint statement by the Singapore Food Agency ...