Singapore ’s state-owned conglomerate Temasek says it has docked wages for staff who were involved in the company’s investment in the now-bankrupt cryptocurrency exchange FTX. The measure is being ...
Singapore’s Temasek Slashes Salary of Employees Who Had Recommended $275 Million FTX Investment
On Monday, Singapore’s state-owned investment company Temasek said it was slashing the salary for teams that had suggested it was a good idea to invest in the now collapsed crypto firm FTX, almost six ...
Singapore President Halimah Yacob says she will not run for second term in upcoming election
President Halimah Yacob will not be running for a second term as head of state in the upcoming election in 2023.
Trust Bank attracts more than S$1 billion in deposits, aims for breakeven by 2025
Trust Bank is also aiming to become Singapore’s fourth largest retail bank in terms of customer numbers by the end of next year.
Saudi diesel imports from Russia, exports to Singapore hit records
Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can ...
Boon for Singapore as Indonesia scraps ban on sea sand exports
Indonesia has lifted a 20-year-old ban on sea sand exports, a copy of a government regulation showed, a measure that could help land expansion projects in neighbour Singapore, but with concern among ...
Can Singapore’s New Crop of Digital Banks Achieve Success?
While small geographically, Singapore has been big on transforming its banking sector. Unsurprisingly, the city-state was among the first to license digital-only banks. The first four were approved ...
115 travellers caught at Changi Airport for failing to declare S$18,500 worth of taxable goods brought into Singapore
The authories have caught 115 travellers at Changi Airport for failing to declare and pay duties on cigarettes, liquor, luxury bags and watches, among other items, imposing close to S$28,000 in penalties.
Fixed asset investment commitments Singapore 2021, by industry
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Business expenditure investment commitments Singapore 2021, by industry
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Singapore’s Temasek cuts staff compensation after failed FTX investment
Singapore's Temasek Holdings said it cut compensation for the team that recommended investing in the now-bankrupt FTX cryptocurrency exchange and for senior management, as they take "collective ...
CNA Explains: Why did the Singapore dollar hit an all-time high against the Malaysian ringgit?
Last Wednesday (May 24), the Singapore dollar broke its record against the Malaysian ringgit as it touched 3.4102 according to Bloomberg data. The value is up 6.16 per cent from about 3.20 a year ago, ...
UOB and Keppel join forces to provide solutions supporting businesses in their sustainability and digitalisation journeys
UOB and Keppel today announced the signing of Memorandums of Understanding (MOU) to jointly develop and provide businesses across the region with a comprehensive suite of sustainability and ...
Singapore Producer Prices Decline 4.6%
Singapore's producer prices decreased for the third straight month in April, largely due to a slump in the oil index, data from the ...
Singapore President Halimah Yacob will not be standing for re-election
Singapore President Halimah Yacob has decided not to stand for re-election after her six-year tenure ends this year.
Singapore Air, Garuda to Deepen Ties and Grow Regional Routes
Singapore Airlines Ltd. and PT Garuda Indonesia are seeking to deepen ties with a commercial pact to coordinate on fares and flight schedules, the carriers announced Monday.