The drop in net portfolio value is its first since the 2019 financial year and came amid intensified global market volatility.
Singapore state investor Temasek posts negative annual return, its first since 2020
Its global direct investments, particularly in technology, healthcare and payments, saw "a reversal of gains" in the 12 months ending March 31 this year.
Singapore’s Temasek reports portfolio value drop, positive on China tech
Singapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March.
Can Foreigners Overseas Open a Singapore Bank Account 100% Digitally?
Say goodbye to endless paperwork and long queues at bank branches—OCBC has become the first bank in Singapore to fully digitalise the account opening process for foreigners. That means foreigners ...
Man grabs $600 that elderly woman withdrew from Tampines ATM, durian vendor grabs man’s neck
A durian vendor went to the rescue of an elderly woman when she was robbed of $600. Read more at stomp.straitstimes.com ...
Interest Rates and Returns for Singapore Savings Bonds (SSB) in July 2023
In recent months, the interest rate and therefore returns of the Singapore Savings Bond (SSB) have been at record highs. Should you buy the SSB? Read on as we delve deeper into the Singapore Savings ...
UOB to close Myanmar Airways International’s bank accounts by Aug 15
The airline has been asked to stop using the bank for outward transactions by July 21. Read more at straitstimes.com.
DBS sells 77.8% stake in AXS to private equity firm Tower Capital Asia
DBS has entered into an agreement to sell a 77.8 per cent stake in AXS to Tower Capital Asia in August 2023. How much will its minority stake be?
Singapore-based medical firm Genesis MedTech weighs up to US$500 million HK IPO: sources
GENESIS MedTech Group, a medical device company, has selected advisers for a potential initial public offering (IPO) in Hong Kong, according to people familiar with the matter. Read more at The ...
‘What is the point?’: Singapore has more quiet quitters than global average, survey shows
About 38 per cent said it was because of low compensation and rising cost of living. Read more at straitstimes.com.
‘I will do only what’s needed’: Survey finds Singapore has more quiet quitters than global average
SINGAPORE - When she found out that her peers were earning “a lot more money” than her despite both parties doing the same amount of work, Nancy (not her real name) opted for something many working ...
Singapore’s Central Bank Says Inflation Fight Is Not Over
While inflation has peaked in Singapore and growth prospects have dimmed, authorities aren’t shifting to pro-growth mode just yet as the battle against persistent price pressures isn’t over, the head ... ( read original story ...)
Singapore’s investment landscape may stay subdued for the rest of the year
Knight Frank advised that freehold properties are a popular investment. Property firm, Knight Frank, sees a muted outlook for investment activities in Singapore for the rest of 2023 following the wait ... ( read original story ...)
Citi to Pilot Digital Platform for Commercial Banking Clients in Singapore, India, HK
Citi announced that it will pilot its new platform in the second half of 2023 across Singapore, India, Hong Kong, and the U.K.
OCBC powering growth through unified network and talent connections
The bank will leverage its network and capabilities to capture more Asean-Greater China opportunities. Read more at straitstimes.com.
Thief grabs $600 that elderly woman withdrew from Tampines ATM, durian vendor grabs thief’s neck
A durian vendor went to the rescue of an elderly woman when she was robbed of $600. Read more at stomp.straitstimes.com ...