DBS Bank has rolled out a roadmap to improve its technology resiliency after its banking services experienced repeated and prolonged outages in 2023, announced the bank in a press release on Nov. 1, ...
Singapore’s middle distillates stocks surge 1 mln bbl on slow gasoil outflow
Singapore's middle distillates inventories surged by almost 1 million barrels, as persistently lower gasoil outflows for a second straight week offset an increment in jet fuel/kerosene net exports, ...
Singapore’s Emerging Role as a Business Hub Compared to Hong Kong
Singapore is experiencing a significant transformation in its economic landscape. Read more about business in Hong Kong.
Billionaire Lim Kok Thay’s Genting To Expand Singapore Casino Resort Hotel Amid Tourism Boom
Genting Singapore is expanding the hotel capacity at its casino resort by more than 40% to tap into the post-pandemic tourism that has driven hotel room room rates in the Lion City to record levels this year.
Interest Rates and Returns for Singapore Savings Bonds (SSB) in November 2023
Learn more about Singapore Savings Bond (SSB), a bond with a steady rise in interest rates with no capital loss! Table of Contents: What is SSB? Features of the SSB Illustration of SSB Nov 2023 ...
Foreigners in S’pore reminded not to support or import foreign politics amid Israel-Hamas war
SINGAPORE - Foreigners should avoid using Singapore as a platform to further their political causes amid the Israel-Hamas conflict, said the Ministry of Manpower (MOM). Read more at straitstimes.com.
More deals expected in Singapore real estate in 2024: report
Singapore remains to have a more unique selling point as a haven. Savills' recent research found that Singapore property sectors will have a mixed outlook but more transactions are seen in line in ... ( read original story ...)
Singapore shares rise at Thursday’s open after Wall Street rally; STI up 0.4%
SINGAPORE shares were pulled into positive territory on Thursday (Nov 2), following overnight gains on Wall Street after the Federal Reserve’s decision to keep interest rates steady. Read more at The ...
DBS apologises for digital bank disruptions, to dock senior management pay
The bank is allotting a special budget of S$80m to enhance its system resiliency. DBS has issued an apology for the series of digital banking disruptions earlier in 2023, and is enacting structural changes to strengthen its digital resiliency.
Singapore seen as hub for renewable energy
Singapore can serve as a hub for renewable energy as the city-state can leverage its status as one of the world's biggest commodity trading centers and bunkering ports, analysts said.
Singapore nabs US’ spot as largest investor in APAC real estate
"This brings Singapore's cross-border investment value to surpass that of the US by nearly 50%," read the statement from Knight Frank. This stemmed from the strength of the Singapore dollar, which ...
Malaysian Tycoon Lee Yeow Seng Doubles Down Singapore Bet With $394 Million Office Tower Purchase
Lee Yeow Seng has agreed to buy Shenton House, one of the oldest buildings in Singapore’s Raffles Place central business district, for S$538 million.
Singapore Central Bank Chief Rules Out Politics Post Retirement
(Bloomberg) -- Singapore’s longest-serving central bank chief ruled out entering politics after he steps down at the end of this year, departing from the route taken by some of his predecessors. Most ...
Singapore regulator bars DBS bank from new acquisitions for 6 months, over ‘unacceptable’ outages
Singapore’s financial regulator on Wednesday barred DBS Group from acquiring new business ventures or reducing the size of its local branch networks for six months, as it steps up efforts to get the lender to resolve a spate of digital banking service ...
Singapore must find ‘right approach’ to decide who takes responsibility for malware scam losses: MAS chief
The authorities are “very concerned” about malware scams and discussions with banks on putting safeguards in place are underway, says Singapore’s central bank chief Ravi Menon in an interview with CNA ...
How Singapore and its population of just six million is beating much bigger countries in the race to attract chip manufacturing
Singapore could be a lesson for other countries hoping to break into chips: Experience and expertise is worth more than money.