SINGAPORE stocks opened weaker on Wednesday (Jul 5), following cautious sentiments in the European market amid global economic uncertainties. Read more at The Business Times.
Singapore’s electricity demand spiked amid heat wave in May
Singapore's peak electricity demand increased by 8% amid record-high temperatures. Measures are in place to ensure supply stability, despite an upcoming 12% tariff hike due to higher energy costs.
Love scam? Chinese tourist claims she was cheated $120k while holidaying in Singapore
One Chinese tourist's leisurely vacation in Singapore went from a dream to a nightmare in the span of two months. The woman, surnamed Jiang, came to Singapore for a vacation this year and ended up ...
Why Are So Many Concerts Extending More Days In Singapore?
Why are there so many sell-out concert shows in Singapore? The DollarsAndSense team breaks down the economics of concerts to explain why so that you won’t panic the next time your favourite star’s ...
Microsoft Introduces New AI Tools from Singapore
Singapore-based start-ups, Babbobox and Wiz.AI, have collaborated with Microsoft to develop new AI tools that showcase promising advancements in the field. These tools aim to bring significant changes ...
Analysts await details on OCBC’s $3 bil incremental revenue goal, expected at 1HFY2023 earnings call on Aug 4
Oversea-Chinese Banking Corporation (OCBC O39 0.33%) unveiled on July 3 its branding and strategic refresh, which includes a target to deliver an incremental $3 billion in cumulative revenue between 2023 and 2025. Analysts, however, have kept their views for now.
Singapore and India bourses’ NSE IX-SGX GIFT Connect goes live
The NSE IX-SGX GIFT Connect became fully operational on July 3, and recorded more than US$8 billion of open interest in US dollar GIFT Nifty futures and over $1 billion open interest in Nifty options ...
Taylor Swift fans caused 45% surge in UOB card applications across Southeast Asia
Taylor Swift fans across Southeast Asia have reportedly caused a "very significant surge" in UOB card applications ahead of the Singapore concert. Find out more.
Sky-High Prices Make Singapore the Costliest Luxury City, New York and Miami in Top 10
With over 5.5 million people, Singapore residents pay the highest for rent, housing, school fees, insurance, taxes on cars, and general living costs.
Singapore’s GIC, Genus Power Infra to invest $2 billion in smart meter projects
Singapore’s sovereign wealth fund GIC and Genus Power Infrastructures have agreed to set up a joint venture platform to fund smart metering projects and have committed to invest $2 billion for the ...
How This Indian-Origin CEO Has Created A Succession Dilemma At Singapore’s Largest Bank
For more than 13 years, India-born Piyush Gupta has led one of Singapore’s most iconic and biggest institutions. The 63-year-old Gupta is the CEO of DBS Bank, which has played a key role in turning ...
Singapore economy set to bottom, may spark STI re-rating
FOLLOWING a relatively strong 2022, the current year has not been a great one for the Straits Times Index (STI) so far. Read more at The Business Times.
Pirates allegedly steal scrap iron after boarding ship in Malaysian waters off Singapore
Four pirates allegedly stole some scrap iron after boarding a Malaysia-flagged tug and barge along the Singapore Strait on Tuesday morning.
Vivian Balakrishnan: Singapore has not imposed general trade embargo on Myanmar
Singapore has not imposed a general trade embargo on Myanmar as it does not want to add to the suffering of the civilian population, said the republic’s Foreign Affairs Minister Dr Vivian Balakrishnan ...
Singapore’s $2 Billion Fintech Nium Eyes US IPO in Two Years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore stocks fall amid weaker regional sentiment; STI down 0.1%
Across the broader market, gainers beat losers 276 to 213 after 1.2 billion shares worth $607.2 million changed hands. Read more at straitstimes.com.