Singapore’s power consumption has been steadily increasing, with hot weather pushing peak demand to an all-time high in May. The new 600-megawatt power plant could help alleviate periods of tight ...
Singapore real estate investment volumes decline 11% to $3.2b in Q2
The residential sector accounted for 40% of the transactions. Singapore’s total real estate investment volumes in Q2 2023 fell 11.0% to $3.2b in Q2, marking the second consecutive quarter of decline. ( read original story ...)
CapitaLand Ascendas REIT DPU slips 2.0% y-o-y despite higher 1HFY2023 net property income
DPU declined on account of the lower distribution and an enlarged unit base following CLAR’s private placement in May. ( read original story ...)
Singapore seeks to tighten money laundering audits for family offices
Singapore's central bank said on Monday it was proposing measures to tighten money laundering surveillance of family offices, which handle the financial affairs of the super rich. The Monetary ...
3 years’ jail for parquet firm founder who duped 3 banks into disbursing over $2m in loans
SINGAPORE - The founder of a parquet company was sentenced to three years’ jail on Monday for duping three different banks into delivering more than $2 million in loans. Jason Sim Chon Ang, 57, who is ...
MAS: End corporate cheques by end-2025, banks to charge for processing from 1 Nov
Many banks will charge for cheque processing from 1 Nov, MAS added. Why are cheque transactions being stopped?
OCBC’s Great Eastern in talks to buy MetLife Malaysian arm, sources say
The subsidiary of OCBC is said to be conducting due diligence on AmMetLife Insurance Bhd. and seeking regulatory approval.
OCBC’s Great Eastern in talks to buy AmMetLife, claim sources
A deal would see Great Eastern prevail in its pursuit of AmMetLife Insurance. The Singaporean firm was interested in acquiring the unit last year, even as Zurich Insurance Group AG had emerged as the ...
India successfully orbits seven Singapore satellites
India successfully orbits seven Singapore satellites - India successfully placed into orbit seven satellites from Singapore- the radar imaging satellite DS-SAR and ...
Singapore MP Christopher de Souza cleared of improper professional conduct
Holland-Bukit Timah GRC Member of Parliament Christopher de Souza was cleared of improper professional conduct as a lawyer on Monday.
As talks with Indonesia stall, Singapore seeks other green energy sources: ‘the clock is ticking’
Despite signing agreements and a US$37 billion 'Green Corridor' in Indonesia, a history of turbulence clouds Singapore-Jakarta energy relations Indonesia wants to add value to its industries, experts ...
Singapore stocks gain in line with region on Monday; STI up 0.1%
SINGAPORE shares closed higher on Monday (Jul 31) tracking gains across the region, following signs of easing inflation in the US. Read more at The Business Times.
Singapore’s Deputy PM Lawrence Wong Hails Sikhs’ Contribution
Sikhs in Singapore have distinguished themselves in their chosen professions and made significant contributions in diverse fields while retaining their culture, faith and unique identity, Deputy Prime ...
Singapore eases rules on national symbol usage, provides guidelines on respectful use
SINGAPORE — Singapore will see a significant change in the rules governing the usage of its national symbols, with the National Symbols Act and its accompanying regulations coming into effect on ...
Why auctions are gaining popularity amongst Singapore homeowners
There were 57 owner listings and only 22 mortgagee listings in Q2. In Q2 2023, there were 57 owner listings in Singapore, a 26.7% q-o-q gain from the 45 in Q1 2023*, but an 8.1% y-o-y decrease from ...
Five key changes to regulations on the use of the Singapore flag
The National Symbols Act and Regulations, which provides a framework to promote the appropriate use of the national and presidential symbols, comes into effect on Tuesday.