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Posted on 08/03/2023

CPF accounts of non-Singapore citizens and non-PRs will be closed from April 2024

The Central Provident Fund (CPF) accounts of those who are not Singapore citizens or permanent residents will be closed from April 2024, the CPF Board said on Wednesday (8 March). The purpose of the ...

Posted on 08/03/2023

Daily roundup: Singapore’s slip-ups and good calls from the ‘complex and wicked’ Covid-19 pandemic – and other top stories today

Stay in the know with a recap of our top stories today.1. Singapore's slip-ups and good calls from the 'complex and wicked' Covid-19 pandemicSingapore has looked at how it performed in its fight ...

Posted on 08/03/2023

China’s SHEIN set to raise $2 bln, eyes US IPO later this year -sources

It was not immediately clear if SHEIN is planning to officially seek Chinese regulatory approval for its IPO. In recent years, the company has made a Singapore firm its de facto holding company and Xu ...

Posted on 08/03/2023

Banks will benefit from the full impact of previous rate hikes in 2023, says UOB Kay Hian

UOB Kay Hian analyst Jonathan Koh has kept his "overweight" rating for the sector with "buy" calls for DBS and OCBC.

Posted on 08/03/2023

Singapore: Retail Sales surprised to the downside in January – UOB

Senior Economist at UOB Group Alvin Liew reviews the latest release of Retail Sales in Singapore. Key Takeaways “Singapore’s retail sales started the new year on a cautious no ...

Posted on 08/03/2023

Economists lift Singapore’s 2023 growth forecast slightly to 1.9% on China rebound hopes: MAS survey

The pace of Singapore's economic growth is seen accelerating to 2.5 per cent in 2024. Read more at straitstimes.com.

Posted on 08/03/2023

DA bans pork from Singapore, cattle from Spain

THE Department of Agriculture banned the importation of pigs from Singapore amid an outbreak of African Swine Fever (ASF) in the country.

Posted on 08/03/2023

Singapore’s Sea reports first profit on cost cuts; shares soar

Singapore-based Sea on Tuesday (Mar 7) posted its first quarterly profit, as the gaming and e-commerce company benefited from major cost cuts it undertook to offset a post-pandemic slowdown in demand.

Posted on 08/03/2023

34% of investment professionals in SG expect private capital market to worsen

Some, however, said it will be about the same. More than three in 10 (34%) investment professionals in Singapore believe that the private capital market will be “somewhat worse” in 2023, data from ...

Posted on 08/03/2023

Singapore’s Sea Group turns profitable for the first time

Tech giant Sea posted a quarterly profit for the first time as the company pledged to move towards profitability last quarter.

Posted on 08/03/2023

Sea sails past growth vs. profitability debate

Singapore technology giant Sea on Tuesday reported its first ever quarterly profit, beating regional tech firms like GoTo and Grab to the punch. The almost $1 billion swing from a fourth-quarter loss ...

Posted on 08/03/2023

Lee Hsien Yang implies in Facebook post that he is never returning to Singapore

Lee Hsien Yang, the younger brother of Prime Minister Lee Hsien Loong, has implied that he is never returning to Singapore.

Posted on 08/03/2023

Covid-19 White Paper: Singapore identifies 7 lessons for next pandemic, and what went right and wrong

The Covid-19 pandemic has shown that while the Government must learn from past crises, it must not be limited by existing playbooks if they do not work, but be nimble enough to adopt new strategies, a review of Singapore's pandemic response has found.

Posted on 08/03/2023

COVID-19 White Paper: U-turn on masks, confusing measures among areas Singapore says it could have done better

The Government could also have better managed the outbreak in migrant worker dormitories, border measures, contact tracing efforts and the transition to endemic COVID-19, according to the White Paper.

Posted on 08/03/2023

Economists lift Singapore’s 2023 growth forecast to 1.9% on China rebound hopes: MAS survey

The pace of Singapore's economic growth is seen accelerating to 2.5 per cent in 2024. Read more at straitstimes.com.

Posted on 08/03/2023

Singapore Begins Investigation Into Do Kwon’s Terraform Labs After SEC Charged Company With Defrauding Customers

Do Kwon and Terraform Labs were charged with defrauding investors in crypto schemes Kwon remains a fugitive and frequently changes his hiding spots Ten months after the world witnessed the epic crash ...

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