Singapore's second-largest bank, Oversea-Chinese Banking Corp , reported a 4% year-on-year rise in net profit in the fourth quarter that missed expectations, while unveiling a S$2.5 billion ($1.87 ...
Maritime Companies ASL Singapore and Jia Feng Shipping Fined $1.85 Million for Environmental Crimes and Banned from U.S. Waters
Two companies pleaded guilty to environmental crimes with the M/V ASL Singapore, fined $1.85 million, and banned from the US.
Fund managers welcome MAS’ $5b boost for stock market; SGX shares up nearly 4%
But they said they would still have to look at liquidity and fundamentals, especially those of smaller stocks. Read more at straitstimes.com.
Budget Brief: Singapore Defense Budget Growth Continues
Singapore’s defense budget is set to increase by double digits for the fourth time in five years in 2025 as the city-state responds to a deteriorating global security environment. According to the ...
Singapore’s Orchard Road fatal brawl: Jail, caning for five men who rained blows on ex-bouncer in 2023
SINGAPORE: Five men linked to a 2023 fatal brawl around Concorde Hotel were sentenced to jail and caning on Tuesday (Feb 25) after they rained blows on a former bouncer who was allegedly killed later ...
Pofma orders issued to The Online Citizen, YouTube channel over Ridout Road property claims
The publications made allegations about the works carried out at a bungalow leased by Law Minister K. Shanmugam’s wife. Read more at straitstimes.com. ( read original story ...)
Scam losses in Singapore surge to S$1.1b in 2024, crypto-related cases rising
Singapore saw a sharp rise in scam losses last year, with victims losing a record S$1.1 billion, the highest-ever total recorded. It is a more than 70 per cent rise in losses from 2023. Police also ...
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
AMONG the trio of local banks, OCBC and UOB are expected to stand to gain the most from the Johor-Singapore Special Economic Zone (JS-SEZ) as facilitators of investment and trade, given their sizeable ...
DBS, Southeast Asia’s largest bank, is cutting 4,000 temp roles due to AI: ‘For the first time, I’m struggling to create jobs’
DBS is Southeast Asia’s largest bank by revenue, and ranks No. 10 on Fortune’s Southeast Asia 500. It’s the first of Singapore’s Big Three banks to suggest how AI will aff ...
Scam losses surge to S$1.1 billion in 2024, with crypto-related cases making up a quarter
THE TOTAL amount of money lost to scams surged 70.6 per cent to at least S$1.1 billion in 2024, from S$651.8 million in 2023, said the Singapore Police Force. Read more at The Business Times.
Singapore’s Biggest Bank Plans 4,000 AI-Driven Job Cuts, Projects S$1B Gain
Singapore's DBS bank expects to cut 4,000 jobs over the next three years. The bank said it expects the positive economic impact of AI to ...
NTU Singapore and Trinasolar to develop AI smart energy storage
NTU Singapore and Chinese solar photovoltaic module maker Trinasolar have partnered for AI-powered smart energy storage solutions.
Employees at Singapore’s biggest bank are set to lose their jobs to the AI revolution — and that worries me
Singapore’s largest bank, DBS, has confirmed it will continue using AI tools by cutting as many as 4,000 roles (9.7% of DBS’ total workforce), so the technology can take a larger role in its ...
Poster girl Hannah Green looks forward to title defence at HSBC Women’s World Championship
Green is aiming to become just the second golfer to retain her title at the HSBC Women's World Championship. Read more at straitstimes.com.
Singapore introduces guidelines to minimise disruptions to cloud services and data centres
The guidelines for data centres will provide a framework for operators to instill systems to ensure business continuity and minimise service disruptions.
Singapore shares in the red as regional indexes fall; STI retreats 0.3%
Key regional indexes declined across the board. Hong Kong’s Hang Seng Index was down 1.3 per cent and Japan’s Nikkei 225 retreated 1.4 per cent. South Korea’s Kospi Composite Index lost 0.6 per cent.