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Posted on 06/07/2023

Singapore’s MAS posts $23 billion net loss

The Monetary Authority of Singapore's loss for the year ended March 31 marks the central bank's second consecutive year of net losses.

Posted on 06/07/2023

International school in Thailand worth close to $1.35 billion turns Singapore CEO into multi-millionaire

Demand from Chinese students to attend SISB, originally called the Singapore International School of Bangkok, has soared. Read more at straitstimes.com.

Posted on 06/07/2023

Singapore’s fight against inflation still on amid uncertain growth outlook -c.bank

Singapore's central bank warned on Wednesday of weak near-term growth for one of Asia's top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 ...

Posted on 06/07/2023

COTE Korean Steakhouse To Open First International Outpost In Singapore In Late 2023

COTE Korean Steakhouse, awarded Michelin stars at both its New York and Miami locations, will be opening its first international outpost in Singapore later this year.

Posted on 06/07/2023

MAS to adjust tax incentives to encourage single family offices to invest ‘more purposefully’ in Singapore

The changes include recognising a broader range of investments in Singapore as well as overseas climate-related investments.

Posted on 06/07/2023

New study ranks Singapore as best state in the world, 22 spots ahead of US

Singapore is the highest functioning state in the world, according to a 2022 Stateness Index report by German researchers. About the study: The Stateness Index measures "stateness" and state quality through aggregated and disaggregated data to advance performance comparison and policy analysis.

Posted on 06/07/2023

Sigfox-owner Unabiz signs cellular IoT deal with Soracom; seeks $100m funding

UnaBiz has signed with KDDI-owned Soracom to resell cellular IoT via operator partners; it is also seeking a new $100m Series C round, say reports.

Posted on 06/07/2023

UPDATE 1-India in talks to supply green hydrogen to EU, Singapore -sources

NEW DELHI, July 5 (Reuters) - India has discussed a possible deal to supply more than 11 million metric tons a year of green hydrogen to the European Union and Singapore, who in turn would invest in ...

Posted on 06/07/2023

MAS posts record net loss of S$30.8 billion amid rise in Singapore dollar, higher interest expenses

MAS says it made a “small” investment gain on the country’s official foreign reserves but this was outweighed by a rising Sing dollar and higher interest expenses.

Posted on 06/07/2023

(June 2023 Results) How i would invest in the singapore stock market if i had 100k of spare money

The rest of the stock had relatively lesser movements in terms of %. On the results / business updates front, there is nothing much to report as there is no results release in June. YTD, the STI ...

Posted on 06/07/2023

HSBC Re-Enters India Private Banking Markets After 8 Years

HSBC Holdings plc HSBC has re-launched its Global Private Banking (“GPB”) business in India. The lender was exploring options of re-entering the India markets for a year, as the country has been ...

Posted on 06/07/2023

17 firms penalised in last five years for breaking laws on money laundering and terrorism financing

Of the 17 firms taken to task by MAS, one had its licence revoked, 14 were fined and two were issued reprimands. Read more at straitstimes.com.

Posted on 06/07/2023

Amazon Prime Day Returns on 11 and 12 July with Thousands of Real Deals and Exclusive Launches in Singapore

Only on Amazon.sg, shoppers will have exclusive access to Hasbro’s new extensive lineup of products across its key brands such as NERF, Play-Doh, Monopoly, and Transformers.

Posted on 06/07/2023

GSTV 2023 payouts: Eligible Singaporeans to receive up to S$700 in August

Around 1.5mn Singaporeans will receive up to a total of S$700 in cash in August 2023 from the enhanced GSTV – Cash scheme. With this, eligible Singaporeans will get up to S$300 more from the GSTV – ...

Posted on 06/07/2023

Singapore’s fight against inflation still on, growth outlook uncertain

Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 ...

Posted on 06/07/2023

Cyber Youth Singapore Concludes Successful CYSummit 2023, Empowering the Next Generation of Tech Leaders

This momentous occasion brought together industry leaders, government representatives, and talented youths to foster collaboration, innovation, and growth.

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