New unicorns have been few and far between here this year amid a poor global economy that is hitting investor confidence and fundraising prospects. Read more at straitstimes.com. ( read original story ...)
Singapore’s central bank chief urges ‘balance’ in currency defence
Southeast Asia has done a “decent job” of allowing markets to absorb some shocks from an aggressive US monetary tightening while ensuring that currency weakness doesn’t spiral out of control, ... ( read original story ...)
The new brand of personalisation that’s shaping Citi’s digital banking journey
Customers want options, but curate it–don’t just offer it, says Citibank’s Nilesh Kumar. The word personalisation gets thrown around a lot when it comes to digital banking. With 80% of their customers ... ( read original story ...)
Singtel provides seamless customer experiences during Singapore Grand Prix 2022 using Ericsson’s 5G network slicing technology
Singtel, the official network partner of Grand Prix Season Singapore 2022 (GPSS 2022), powered seamless 5G experiences and festivities along the Marina Bay Street Circuit in early October by ... ( read original story ...)
Unwanted Russian Oil Piles Up on Ships Anchored Near Singapore
A fleet of tankers filled with Russian fuel oil have anchored near Singapore and Malaysia as more flows are directed toward Asia ahead of European Union sanctions that take effect early next year. ( read original story ...)
Singapore sets 2050 net-zero target, unveils national hydrogen strategy
DPM Lawrence Wong announced Singapore's updated climate commitments at the Singapore International Energy Week on Oct 25. ( read original story ...)
Growth-stage startup funding slows in Singapore; early-stage deals buoy overall investments
ENTERPRISE Singapore (EnterpriseSG) on Thursday (Oct 27) warned of a weakening environment for startup fundraising, noting that investments in growth-stage startups have become sluggish compared with ... ( read original story ...)
Cooling down Singapore’s HDB market as flat prices ‘overheat’ to a million
Slow down in price growth may be felt by the fourth quarter of the year, OrangeTee said. Singapore has not held back in imposing cooling measures to tame rising home prices, but in what seems to be ... ( read original story ...)
UOB Kay Hian upgrades CapitaLand Integrated Commercial Trust to ‘buy’ with TP of $2.14
UOB Kay Hian analyst Jonathan Koh's upgrade comes on the back of CICT’s positive performance for the 3QFY2022 ended Sept 30. ( read original story ...)
Expect ‘accelerated net interest margin expansion’ as DBS, OCBC report 3QFY2022 results: UOBKH
Ahead of the three Singapore banks’ 3QFY2022 ended September results, UOB Kay Hian Research analyst Jonathan Koh is maintaining “overweight” on Singapore’s three banks, citing net interest margin (NIM ... ( read original story ...)
Inflation in Singapore will stay high next year even as pace of economic growth slows: MAS
No imminent threat of a recession here but the outlook depends on trajectory of other advanced economies, MAS warns. Read more at straitstimes.com. ( read original story ...)
Credit Suisse to cut 9,000 jobs, some in Singapore, after posting $5.7b Q3 loss
The bank intends to raise capital worth 4 billion Swiss francs through the issuance of new shares to qualified investors. Read more at straitstimes.com. ( read original story ...)
Singapore to Invest US$50M to Develop AI Talent and Attract Researchers
The Singapore government will invest an additional US$50 million to develop local artificial intelligence (AI) talent and double the number of AI apprenticeships in the next five years. The ... ( read original story ...)
Muddied economic outlook for Singapore as main trading partners experience slowing growth, high inflation: MAS
SINGAPORE — Major economies around the world will be buffeted by the double whammy of slowing growth and "multi-decade" high inflation in the coming months, muddying the economic outlook for Singapore ... ( read original story ...)
Below-trend growth for Singapore economy in 2023 amid deteriorating global outlook: MAS
Inflation-growth dynamics of the global economy have turned less favourable in the past few months, says the macroeconomic review. ( read original story ...)
Singapore Economy Likely to Grow at Below-Trend Pace in 2023, MAS Says
Singapore's economic growth in 2023 is likely to be at a below-trend pace amid weaker external demand, the Monetary Authority ... ( read original story ...)