Year-on-year, outbound investment declined 62%. Singapore’s outbound investment fell to $2.7b in 3Q23, data from Real Capital Analytics showed. The 3Q23 figure translates to a 36.4% QoQ and 63% YoY ...
Explained: Why the Singapore dollar is so strong against the ringgit
The ringgit and the Singapore dollar were once at par and freely interchangeable. That ended in 1973. Since then, the value of the ringgit has sunk, reaching a new low in June of RM3.4384 to one ...
Explainer: Why is the UK planning to scrap the A-Levels and are there any implications for Singapore?
British Prime Minister Rishi Sunak announced last Wednesday (Oct 4) plans to merge the country’s current A-Levels and T-Levels into a new, single qualification called the Advanced British Standard.
How $2 Billion Money Laundering Scandal Threatens Singapore’s Image
Singapore’s normally staid image has had a rough year. Allegations have erupted that wealthy Chinese have been pouring ill-gotten gains into the Asian financial hub, in what the government itself describes as potentially one of the world’s largest money-laundering cases.
No plans by Singapore Muslim travel agencies to scrap tours yet amid Israel-Hamas conflict
One tour group, whose package includes a visit to the Al-Aqsa Mosque compound in the old city of Jerusalem in Israel, will depart Singapore this week as planned.
Trust Bank to launch more types of unsecured loans in coming months
SINGAPORE – Trust Bank will roll out more types of unsecured loans to customers in the coming months as the digital bank races towards its goal of being profitable by 2025. Read more at ... ( read original story ...)
Property investment market activity to remain muted for the rest of 2023
Knight Frank expects total investment sales for 2023 to reach around $18b-$20b. Despite an uptick in total investment sales in 3Q23, property experts believe the capital markets space will see muted ... ( read original story ...)
Singapore Tip-Off Led to Arrest of Three Arrows Co-Founder Zhu
Three Arrows Capital co-founder Su Zhu ended up in jail in Singapore after liquidators decided to apply maximum pressure following months of sparring over locating the failed crypto hedge fund’s ...
Commentary: What’s behind the housing crunch for foreign workers in Singapore?
Amid a shortage of dormitories, Singapore must strike a balance between improving foreign workers' living conditions and keeping costs sustainable for businesses, says NUS Associate Professor Daniel ...
Singapore’s gym industry could consolidate further, especially in central areas, say observers
SINGAPORE’s wave of gym closures is not over yet. More casualties are expected in central areas, where rents are high, and office crowds have dwindled, market watchers and players say. Read more at The Business Times.
IPO Roundup: WeBuy Global, Birkenstock Holding and more
The IPO market revived in 3Q23, with 30 firms going public and raising a total of $7.8B, which was greater than the total proceeds generated in 2022. Arm (NASDAQ:ARM) dominated the quarter, raising $4 ...
Bitstamp Courts European Banks as Region’s Incoming Crypto Rules Boost Confidence
The longest-running crypto exchange says three European banks are in talks about offering crypto services – a stark contrast to the U.S., where firms are wary amid a regulatory crackdown.
Singapore’s power fix could held a world in strife
Worse still, the fields feeding the Malaysian and Indonesian pipelines are increasingly being used to supply domestic users. That risks leaving the city-state more dependent on costlier LNG. Such ...
Gaza could Have Been Singapore. Hamas Turned It Into ISIS | Opinion
Israel, a thriving democracy with vigorous internal debates, is now staunchly united to bring its citizens and family members home.
Singapore, Hong Kong can work together to become ‘shining cities’, fill ‘special niches’: Manpower Minister Tan See Leng
Speaking at the Post’s Hong Kong-Asean Summit 2023, Singapore’s minister for manpower said both cities can leverage their unique strengths to attract fresh talent without necessarily needing to ...
Singapore-based FII buys stake in multibagger stock Balu Forge despite 250% YTD rally
Apart from Ashish Kacholia, another value investor Vanaja Sundar Iyer also bought stake in this multibagger stock. Vanaja Sundar Iyer bought 18,00,000 shares of Balu Forge Industries, which is 1.80 ...