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Posted on 20/06/2023

Singapore tops list of costliest cities for goods, services aimed at the wealthy

Cars and essential health insurance in Singapore are 133% and 109% more expensive than the global average, among 12 consumer goods and eight services that reflect the spending patterns of ...

Posted on 20/06/2023

First Criminal Convictions For Wirecard Fraud Scandal Handed Down In Singapore

The once celebrated German payments firm collapsed spectacularly in 2020 after it acknowledged around $2 billion of listed assets probably didn’t exist.

Posted on 20/06/2023

Singapore hands down first Wirecard criminal convictions

Singapore has handed down prison sentences to two former senior Wirecard finance executives, the first criminal convictions related to the collapse of the once high-flying German ...

Posted on 20/06/2023

Probation for teen who receives over $85k in bank account from scams targeting OCBC customers

SINGAPORE - A 17-year-old boy, who allowed scammers to use his bank account to receive $85,220 stolen from OCBC Bank customers, also recruited his friends to commit similar offences. Cash totalling ...

Posted on 20/06/2023

DBS upgrades Sheng Siong to ‘buy’ on ‘attractive industry dynamics and reasonable valuation’

Sheng Siong’s new stores are also well-positioned to support a steady revenue and earnings growth. The group has opened one new store year-to-date (ytd) and is expected to open at least two new stores ...

Posted on 20/06/2023

Live news: Two former Wirecard executives sentenced to prison in Singapore

We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how ...

Posted on 20/06/2023

Singapore is most expensive city for high net worth individuals to live well: Julius Baer report

SINGAPORE has, for the first time, risen to become the most expensive city for high net worth individuals (HNWIs) to live well, said a report by Swiss private bank Julius Baer on Tuesday (Jun 20).

Posted on 20/06/2023

Dyson doubles down on Singapore and ramps up hiring globally

Dyson's £2.75 billion global investment includes a slate of new generation of products and a giant battery plant in Singapore.

Posted on 20/06/2023

Singapore takes top spot as Asia is the world’s most expensive region according to spending patterns of the super-rich: report

The Global Wealth and Lifestyle Report says Asia remains the most expensive region in the world, with spending patterns of high-net-worth individuals confirming it is the most costly region to live we ...

Posted on 20/06/2023

Two former execs get Singapore jail terms in first conviction for Wirecard case

TWO individuals have been sentenced to jail in the first Wirecard-related conviction in Singapore and globally. They pled guilty to charges for their role in the scandal. James Aga Wardhana, who was ...

Posted on 20/06/2023

Duo jailed for helping finance vice-president embezzle funds in first Wirecard conviction

The alleged mastermind, Wirecard Asia vice-president of controlling and international finance Edo Kurniawan, escaped Singapore before he could be apprehended. He is at large, with an Interpol red ...

Posted on 20/06/2023

Two Ex-Wirecard Asia Employees in Singapore Sentenced to Jail

Two former employees of Wirecard Asia Holdings Pte were handed prison terms in Singapore for their roles in conspiring to misappropriate money.

Posted on 20/06/2023

Singapore’s Grab Plans Biggest Round of Job Cuts Since Pandemic

Grab Holdings Ltd. is preparing its biggest round of layoffs since the pandemic, as the internet company faces stiffening competition in ride-hailing and meal delivery across Southeast Asia.

Posted on 20/06/2023

Singapore’s Grab plans biggest round of job cuts since pandemic – Bloomberg News

Singapore-based Grab Holdings is preparing its biggest round of layoffs since the pandemic, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Posted on 20/06/2023

Singapore Airlines’ fortunes are soaring. And Hong Kong’s Cathay Pacific?

Singapore’s flag carrier has now hit a market value of US$17 billion – almost three times that of Cathay’s. Four years ago the difference was only about US$2 billion.

Posted on 20/06/2023

Coldplay Breaks Record for Most Tickets Sold in Singapore

British rock band Coldplay will play for six nights in Singapore in January after breaking the record for the most tickets sold in a day in the city-state.

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