Switzerland’s far-left Young Socialists party has secured a referendum, scheduled for November, to target the ultra-wealthy via the introduction of a federal tax on inheritances and gifts worth more t ...
Low mortgage rates help; but be cautious in pursuing condo dreams as economic outlook weakens
Low home loan rates meet weak economy: home buyers should be cautious and judicious in using CPF funds Read more at The Business Times. ( read original story ...)
Stocks to watch: OCBC, SIA, SGX, GuocoLand, China Aviation Oil, Del Monte Pacific
SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 8): Read more at The Business Times.
Strong geothermal potential discovered in northern Singapore
A joint project which saw two boreholes drilled in northern Singapore has revealed subsurface temperatures reaching up to 122°C at a depth of 1.76 km in Sembawang, significantly higher than earlier ...
NTT DC REIT seeks to raise US$773 mil in IPO, GIC to be substantial unit holder
The REIT will have over 1 billion units, and is set to be the largest REIT IPO on the SGX in more than a decade.
Standard Chartered faces $2.7 billion 1MDB lawsuit
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OCBC raises loan fund size to $5b and covers more territories in boost for serial entrepreneurs
It is extending its cash line beyond Singapore to Malaysia, Indonesia and Hong Kong. Read more at straitstimes.com. Read more at straitstimes.com.
Huawei and SP Group to launch Singapore’s fastest public EV charger in Q4
(EV) charger is the first in the collaboration, which aims to support both passenger and commercial vehicles in future Read more at The Business Times.
OCBC to support serial entrepreneurs with $5 bil in loans by 2028
According to the bank, one in five entrepreneurs set up a second company a year after establishing their first, while most entrepreneurs set up a second company three years after their first.
UOB acknowledges penalty for anti-money laundering breaches
Two of its employees were reprimanded, it said in an SGX statement. United Overseas Bank Limited (UOB) said that it accepts the Singapore central bank’s decision to impose regulatory actions against ...
Visa’s 24/7 war room takes on global cybercriminals
In the heart of Data Center Alley — a patch of suburban Washington where much of the world's internet traffic flows -- Visa operates its global fraud command center. The numbers that the payments ...
Singapore data centre NTT DC REIT to raise around $773 million from IPO
SINGAPORE (Reuters) -Singapore data centre real estate investment trust NTT DC REIT intends to raise gross proceeds of around $773 million from its initial public offering on the domestic bourse, it ...
Singapore’s second mufti dies aged 87
Shaikh Syed Isa Semait was Singapore’s longest-serving mufti. Read more at straitstimes.com. Read more at straitstimes.com.
OCBC targets S$5 billion in loans to serial entrepreneurs by 2028
SINGAPORE] OCBC is aiming to extend an additional S$3.5 billion in loans to serial entrepreneurs in its core markets by 2028. Read more at The Business Times.
Singapore penalises nine financial institutions for AML breaches
In total, MAS has imposed composition penalties amounting to S$27.45m ($21.4m) on the FIs for violations of AML and CFT requirements.
Singapore stocks rise on Monday; STI up 0.5%
SINGAPORE] The local bourse kicked off the week on a positive note even as markets monitored how the tariff tango was unfolding. Read more at The Business Times.