Singapore biotech firm Mirxes began trading in Hong Kong on May 23 at a valuation exceeding US$1 billion. Read more at straitstimes.com. Read more at straitstimes.com.
Trust Bank’s FY2024 net interest income soars 124.7% to S$72.8 million; losses narrow
SINGAPORE] Trust Bank on Friday (May 23) reported net interest income of S$72.8 million for the financial year ended Dec 31, 2024, up 124.7 per cent from S$32.4 million a year ago. Read more at The ...
Trust Bank revenue doubles to S$97m whilst losses narrow in 2024
Costs reportedly rose only 4% in 2024, the Singapore-based digital bank said. Trust Bank’s revenue rose 148% to S$97m in 2024 from S$39m in 2023, according to a report. Operating losses narrowed to ...
Issue 149: Funds take lion’s share of global blended finance volumes; Singapore upgrades sustainability reporting training syllabus
Blended finance at critical crossroads, says Convergence; accounting regulator publishes guide for sustainability reporting trainers Read more at The Business Times.
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal
HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two ...
Singapore launches world’s first national ESG utility for Scope 1 and 2 reporting
An entity spun-off from the Singapore central bank now offers SMEs a free tool that automatically converts utilities data into basic climate metrics.
Appointments in new Cabinet show climate change remains a priority for Singapore
A notable development is the creation of an Energy, and Science and Technology portfolio within MTI. Read more at straitstimes.com. Read more at straitstimes.com.
Visually impaired users in Singapore may soon use voice commands to book a Grab ride
Grab employees have donated 80,000 voice samples to enhance the tool's ability to understand Singaporean accents. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore’s core inflation edges up in April; price risks seen tilted to downside
Singapore's key consumer price gauge came in above expectations in April, data showed on Friday, but it remained at a low level and authorities said the risks to inflation were tilted to the downside ...
Singapore market a ‘safe haven’ amid global volatility; market reforms signal upside potential: Morgan Stanley
SINGAPORE] Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per cent. Read more at The ...
Singapore shipbroker Vantage plans New York listing as it targets global expansion
Vantage Corp is aiming to become the only New York-listed shipbroker with plans to launch an initial public offering. Securities filings show the Singapore parent of Vantage Shipbrokers is aiming to ...
HK debutant Mirxes says China-Singapore ‘dual engine’ will drive growth amid global changes
Lihan Zhou, CEO and Co-Founder of Mirxes, a Singapore-based bio-test company, discusses the company's Hong Kong IPO and growth prospects.
DBS CEO Tan Su Shan ranked sixth most powerful woman in business
Tan took the helm in SEA’s largest bank in April 2025. DBS CEO Tan Su Shan has been named one of the most powerful women in the business world in 2025 by Fortune magazine. Tan, who took over as head ...
Singapore’s core inflation rises to 0.7% in April, first increase after six months
SINGAPORE: Singapore’s core inflation rose in April, marking the first year-on-year increase after six months. Core inflation, which excludes private transport and accommodation, came in at 0.7 per cent in April.
Singapore advises against tit-for-tat tariffs as economy faces technical recession risk
Asian economies need to stay agile and avoid tit-for-tat tariff retaliation, a deputy managing director of the Monetary Authority of Singapore said on Friday. At the meeting, Robinson, who is also a MAS chief economist,
Design Cues: Singapore serves up feast of citymaking ideas at Venice biennale
This first instalment of a new design column looks at the Singapore Pavilion in Venice. Read more at straitstimes.com. Read more at straitstimes.com.