DBS joined peers OCBC and UOB in reporting earnings that were boosted by rising interest rates. Read more at straitstimes.com. ( read original story ...)
UPDATE 4-DBS Q2 profit tops estimates as banks benefit from rising interest rates
Singapore's DBS Group reported a 7% rise in quarterly net profit that came in slightly above market estimates and gave a robust outlook as Southeast Asia's largest lender gains from sharply higher ... ( read original story ...)
DBS Second Quarter Profit Beat Driven by Lending Income
DBS Group Holdings Ltd. said profit rose in its second-quarter, driven by higher lending income though gains were offset by declines in wealth management and investment banking fees. ( read original story ...)
Johor poultry farmers want Singapore export ban lifted, fear competition from Indonesia
Johor poultry farmers have reportedly urged the federal government to lift the chicken export ban to Singapore, citing concerns that the country would ... ( read original story ...)
China’s State Grid to invest $22 billion in ultra high voltage power lines – report
China's State Grid plans to invest more than 150 billion yuan ($22 billion) in the second half of 2022 in ultra high voltage (UHV) power transmission lines, state media Xinhua News reported on ... ( read original story ...)
Singapore’s MPA suspends Glencore’s bunkering licence over fuel contamination
The Maritime and Port Authority of Singapore (MPA) said on Wednesday it will suspend Glencore Singapore's bunkering licence for two months after the company was found to have supplied contaminated ... ( read original story ...)
Prosecution says Singapore YouTuber Dee Kosh has shown no remorse for sex offences, seeks five to eight months’ jail
A prosecutor has argued that YouTube personality and former radio deejay Dee Kosh has not shown any remorse for soliciting paid sex acts from minors, ... ( read original story ...)
Revolut launches cryptocurrency trading in Singapore
FINTECH company Revolut has launched a cryptocurrency service in Singapore, allowing users to buy, hold and sell over 80 tokens through its app. Read more at The Business Times. ( read original story ...)
Commonwealth Games: Singapore’s Shanti Pereira fails to qualify for women’s 100m final
SINGAPORE: Sprinter Shanti Pereira failed to qualify for the 100m final at the Commonwealth Games after clocking a time of 11.57s in the semis on Wednesday (Aug 3). Pereira's time was slightly slower ... ( read original story ...)
HSBC faces scepticism as pushback against breakup call starts
HSBC Holdings Plc kickstarted its public fightback against Ping An Insurance Group Co’s push to break it up this week. The early indications are that the lender has a long way to go to convince some ... ( read original story ...)
Aadi Vaidya, COO of troubled Singapore fashion startup Zilingo, departs firm
Aadi Vaidya has left the firm, confirmed the senior executive on Friday. Vaidya joined the Singapore fashion startup as its vice president, and head of expansion in 2015 and took over as COO in 2017, ... ( read original story ...)
China’s Wuxi Biologics Moving Big In Singapore
China's WuXi Biologics has announced a 10-year investment plan aimed at establishing a world-class pharmaceutical contract manufacturing center i ... ( read original story ...)
Singapore suspends Glencore’s bunker licence for two months
The Maritime and Port Authority of Singapore says it has completed its investigation into contaminated high sulphur fuel oil that affected vessel engines and pumps and found that commodities trader Gl ... ( read original story ...)
E-commerce firm Shopify’s job cuts hit Singapore staff
The company axed around 1,000 of its global workforce of 10,000 employees on July 27. Read more at straitstimes.com. ( read original story ...)
How Open Source Technology Is Opening Opportunities In The IP Landscape
The open source arena in the intellectual property domain is still very new; hence, early adopters can significantly benefit. ( read original story ...)
Singapore COE prices for big cars drop in first exercise since new counting method for quota kicks in
Certificate of Entitlement (COE) prices for big cars closed lower at the end of the latest bidding exercise today, the first exercise after a new ... ( read original story ...)