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Posted on 25/11/2024

Singapore Gulf Bank plans stablecoin acquisition after seeking the funding of $50M

Singapore Gulf Bank is seeking a $50 million funding round next year and plans to buy a stablecoin payments company. Licensed in Bahrain since February, the bank was set up by the Singapore family ...

Posted on 25/11/2024

Singapore is one of the most popular business locations for world’s wealthiest entrepreneurs: HSBC

The report revealed that Singapore is the most popular destination for those considering a personal move abroad (9%), with the strongest interest from entrepreneurs in Hong Kong (19%), Taiwan (16%) ...

Posted on 25/11/2024

Singapore, Hong Kong among best Asian markets for investment and business: HSBC report

Singapore is the top destination for wealthy entrepreneurs to relocate, while Hong Kong fails to make the top 10.

Posted on 25/11/2024

Singapore civil servants to get 1.05-months year-end bonus, up from last year’s 0.6-month

Taken together with the 0.45-month mid-year payment announced in June, civil servants will receive a total of 1.5 months in bonuses for the full year, with those in the more junior grades acquiring ...

Posted on 25/11/2024

Singapore civil servants to receive 1.05-month year-end bonus with additional lump sum for junior officers

Singapore civil servants will receive a 1.05-month year-end bonus, with junior-grade officers entitled to an extra S$600 lump sum, according to the Public Service Division. Combined with mid-year payments,

Posted on 25/11/2024

Nanyang Technological University Singapore, Gaia, ranked among the world’s most beautiful campuses for 2024

Did you know the stunning building is Asia's largest timber building and takes its name from the ancient Greek goddess of the Earth?

Posted on 25/11/2024

Singapore investment sales surge in Q3 2024, fueled by ION Orchard deal and industrial boom

SINGAPORE: Investment sales in Singapore saw a strong uptick in the third quarter of 2024, rising by 22.7% compared to the previous quarter and 25.4% year-on-year, reaching a total of $8.05 billion, ...

Posted on 25/11/2024

Standard Chartered Trade Institute receives accreditation from LIBF

Singapore – Standard Chartered has today announced that its flagship Trade Institute has received full accreditation from LIBF (formerly known as the London Institute of Banking and Finance).

Posted on 25/11/2024

Brokers’ take: RHB ‘overweight’ on Singapore banking sector

RHB on Monday (Nov 25) upgraded its call on Singapore’s banking sector to “overweight” from “neutral” in September, as it made a “buy” call for two of the three Singapore bank stocks covered. Read ...

Posted on 25/11/2024

Singapore firms brace for modest recovery as profits continue to tumble

Looking ahead to the final quarter of 2024, Chow expects Singapore’s GDP to grow by 3.7% to 4%, which aligns with the expectations of a steady recovery in the manufacturing and services sectors.

Posted on 25/11/2024

China issues extra crude oil import quota to independent refineries, sources say

China has issued an additional crude oil import quota of at least 5.84 million metric tons (116,800 barrels per day) to independent refiners for cargoes arriving by end-2024 and in early 2025, people ...

Posted on 25/11/2024

Singapore Gulf Bank to Raise Funds, Buy Stablecoin Payments Firm

Singapore Gulf Bank is seeking to raise at least $50 million in a funding round and plans to acquire a stablecoin payments company next year, according to people with direct knowledge of the matter.

Posted on 25/11/2024

Singapore’s inflation rate falls in October, hitting lowest point since March 2021

Singapore’s core inflation measure — which strips out prices of accommodation and private transport — came in at 2.1%, down from the 2.8% seen in September.

Posted on 25/11/2024

Singapore Core Inflation at Weakest Pace in Almost Three Years

Singapore’s core inflation in October slowed to the weakest pace since December 2021, as heathcare and recreation price gains eased.

Posted on 25/11/2024

Singapore banking sector’s overall exposure to India’s Adani Group is small, MAS says

The Singapore banking sector's overall exposure to the Adani Group, the Indian conglomerate embroiled in bribery and fraud allegations by U.S. authorities, is small, the Monetary Authority of ...

Posted on 25/11/2024

HSBC links SMEs’ sustainability performance to interest rates with new Sustainability Improvement Loan

Firms that improve their scores throughout the tenure of their loan with HSBC may benefit from reduced interest rates. However, should borrowers’ scores decline, the rates on their loans may increase.

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