Amid a rebounding stock market and economy, 36 tycoons on the 2021 Forbes’ Singapore Rich List saw their fortunes rise. This year the list has 42 fortunes worth US$1 billion or more. ( read original story ...)
Singapore-based World’s First Online Diamond Marketplace LUXIEE Secures Finance Facility of Up to SGD5 Million
LUXIEE, a Singapore-based start-up, has secured a round of financing of up to SGD $5 million from a family office that is locally headquartered. The funds will enable the e-commerce platform ... ( read original story ...)
Singapore’s Richest Property Family Hurt by Tax Expenses
Singapore’s richest property dynasty, which runs City Developments Ltd, suffered a loss of S$32.1 million ($23.7 million) in the first half of the year due to tax expenses and the pandemic fallout. ( read original story ...)
Singapore raises growth forecast to 6 to 7 per cent
Singapore expects its economy to grow at a faster pace than previously predicted as Covid-19 vaccination rates here gain pace, allowing for more economic activity and boosting demand for goods and ... ( read original story ...)
Professor-Turned-Entrepreneur Shi Xu Debuts On Singapore Rich List 2021 After Successful IPO
The 57-year-old joins the list for the first time with a net worth of $1.8 billion, following the IPO of his firm Nanofilm Technologies International. ( read original story ...)
8 Things That Business Owners Should Know About Singapore’s Economic Recovery in 2Q 2021
During that period in 2020, Singapore’s GDP had fallen 13.3%, which means we are still not yet fully recovered from the COVID-19 slowdown. Compared to our pre-pandemic level in 2Q 2019, GDP remains ... ( read original story ...)
DBS, UOB among analysts’ top picks, as Singapore banking sector remains ‘overweight’
Analysts from CGS-CIMB Research, RHB Group Research and UOB Kay Hian have kept their “overweight” recommendations on the Singapore banking sector after the banks posted “decent” results for the ... ( read original story ...)
Singapore’s Wealth Creation: Strong GDP Rebound Expected Amid Record-High Budget Deficit
The GDP growth of the city-state this year is forecast to surpass pre-pandemic levels, despite its government recording the largest budget deficit in the sovereign state’s history last year. ( read original story ...)
Grab Cofounder Anthony Tan Grabs A Spot On Singapore Rich List 2021
Tan, who’s a Singapore citizen and resident, is on the verge of completing a SPAC deal that values his superapp at nearly $40 billion. ( read original story ...)
Singapore’s 50 Richest 2021: Collective Wealth Swells To Over $200 Billion On Economic Recovery
A rebounding stock market helped fuel the combined net worth of the city-state’s 50 richest people to $208 billion. A majority of them are wealthier than last year. ( read original story ...)
Evan Kwee Charts New Waters For Overseas Expansion For His Singapore Property Family
Pontiac Land’s Evan Kwee is pushing past the pandemic with a new resort development in the Maldives, as part of the Kwee family’s expansion out of Singapore and into the global high-end hospitality ... ( read original story ...)
Singapore economy grew 14.7% in 2Q from low base a year ago
With COVID-19 pandemic situation stablising, Singapore on Wednesday reported 14.7 per cent year-on-year economic growth in the second ... ( read original story ...)
World’s smallest known baby at birth leaves Singapore hospital
A baby born prematurely in June of 2020 weighing just under 7.5 ounces has left Singapore's National University Hospital. ( read original story ...)
Singapore economy grows 14.7% in Q2, full-year GDP growth forecast upgraded to 6-7% | Video
Singapore's economy grew by 14.7 per cent year-on-year in the second quarter of 2021, faster than the 1.5 per cent growth in the previous quarter, the Ministry of Trade and Industry (MTI) said on ... ( read original story ...)
Singapore raises trade forecasts as non-oil exports grow 10.1% in second quarter of 2021 | Video
Singapore raised its trade forecasts on Wednesday (Aug 11) amid better than expected growth in the second quarter of 2021. This is due to favourable sector-specific growth in areas such as electronics ... ( read original story ...)
A close look at Singapore’s thriving startup ecosystem
Singapore is home to fewer than six million people, making it one of the smallest ASEAN countries, in terms of population. It is a young country as well — having gained independence in 1963. ( read original story ...)