In sync with its efforts to further boost its presence across Asia, HSBC Holdings HSBC is weighing exit from at least 12 countries. In an interview with Reuters, the company’s newly appointed chief ...
Singapore Imports Rare Fuel Oil Cargo from Djibouti – Data
Singapore, Asia's oil hub, received a rare fuel oil cargo from Djibouti in the past week, Enterprise Singapore data showed on ...
Singapore downgrades trade forecasts with ‘worse-than-expected’ first quarter
SINGAPORE: Singapore downgraded its 2023 trade forecasts on Thursday (May 25) due to "worse-than-expected" performance in the first quarter of the year. Besides the first quarter showing, the forecast ...
Singapore upbeat travel boom can cushion economy from recession despite global slowdown woes
Singapore’s economy relies heavily on trade and is vulnerable to shocks resulting from disruptions in commerce, especially involving China, the city state’s No 1 trading partner. In a separate ...
Why it’s important to build resilience in your investments in a volatile world
This advertisement has not been reviewed by the Monetary Authority of Singapore. The relevant offering documents of unit trusts may be obtained from Digiwealth or from any DBS/ POSB branch. You should ...
Singapore stocks decline amid mixed regional showing; STI down 0.2%
THE Straits Times Index (STI) fell 0.2 per cent or 6.49 points to 3,207.72 on Thursday (May 25) as markets in the region put up a mixed showing. Read more at The Business Times.
IRS to Send Cyber Attachés Abroad to Fight Crypto Crime
The Internal Revenue Service (IRS) is launching a four-month pilot program this June to fight global cyber-crime using crypto, particularly for tax evasion ...
Singapore cuts 2023 trade forecasts after Q1 exports slump worse than expected
SINGAPORE (The Straits Times/Asia News Network): Singapore cut its 2023 growth forecasts for key non-oil domestic exports (Nodx) and total merchandise trade, which includes oil, amid a sharp downturn ...
Singtel bosses highlight mobile gains
Singtel registered growth in mobile in Singapore and Australia in fiscal H2 2023 (ending 31 March), driven by gains in prepaid subscribers, roaming and 5G migration. In an earnings release, CEO Yuen ...
Singapore focuses ICT spend on cloud applications
More than SG$1 billion ($742.6 million) is up for grabs as the Singapore government earmarks 30% of its ICT budget for applications that will run on its commercial cloud infrastructure.
Singapore Dollar at Record High Versus Ringgit on China Worries
The Singaporean dollar surged to the strongest level on record against the Malaysian ringgit, with the latter suffering more from weakening confidence in China’s economic recovery.
Singapore’s AI-Based Marketing Unicorn Raises $105 Million To Finance M&A
Insider, an AI-powered marketing platform, said it has raised another $105 million from Qatar Investment Authority (QIA) and Istanbul-based buyout firm Esas Private Equity. The company said its latest funding round gives it a valuation of almost $2 billion.
Singapore economy beats estimates as government warns of risks
Southeast Asian city-state warns of rise in ‘downside risks’ amid rising interest rates, escalation of war in Ukraine.
Singapore on track to reach cloud migration goals, asks tech suppliers to re-apply for panel positions
Singapore will ask its current IT panel vendors to reapply for their positions, digital agency GovTech revealed on Wednesday.… Speaking at an event staged to reveal a refresh of government IT strategy ...
Tamil Nadu and Singapore companies ink investment deals
Tamil Nadu Chief Minister M.K. Stalin met Minister-in-charge of Trade Relations S. Iswaran in Singapore on Wednesday (May 24) during an investment meeting organised by the Singapore Indian Chamber of ...
Singapore’s finance and insurance industry shrank 0.9% in Q1
Overall, the MTI expects Singapore's economy to grow between 0.5% to 2.5% in 2023. Gabriel Lim, Permanent Secretary (Policy) for MTI, noted the recent banking fiascos in the West amongst reasons for ...