SINGAPORE] E-commerce in South-east Asia has reached profitability in 2024, with regional sales expected to more than double from US$184 billion last year to US$410 billion by 2030 – a 14 per cent ...
Analysts: U.S. Trade Pressure Likely Behind Indonesia’s Plan to Slash Singapore Fuel Imports
Earlier, Energy and Mineral Resources Minister Bahlil Lahadalia announced the plan to stop oil imports from Singapore.
Genting Singapore’s 1QFY2025 earnings down 41% y-o-y to $145 mil; CEO Tan Hee Teck retires
On the same day as its 1QFY2025 business update announcement, Genting Singapore announced the retirement of its CEO of the company and RWS Tan Hee Teck.
Coffee on wheels: Union thanks public transport workers with mobile ‘cafe’
NTWU aims to thank public transport workers and promote greater respect towards them through the initiative. Read more at straitstimes.com. Read more at straitstimes.com.
Brookfield Seeks $380 Million Industrial Portfolio in Singapore
Brookfield Asset Management is seeking to buy a Singapore industrial portfolio from a real estate investment trust backed by state investor Temasek Holdings Pte, according to people familiar with the ...
Thai Billionaire’s Frasers Property Offers To Take Hotel REIT Private For Second Time In $1 Billion Deal
Frasers Property first attempted to take Frasers Hospitality private in June 2022 but it failed to garner enough votes from minority shareholders. ( read original story ...)
Citing worsening macro conditions, Frasers Property renews bid to take Frasers Hospitality Trust private
SINGAPORE] Frasers Property is proposing to privatise Frasers Hospitality Trust (FHT) at S$0.71 per stapled security, citing its inability to improve the distribution and growth of FHT in the face of ... ( read original story ...)
Jail for man who set up bank account in Singapore that received over S$338,000 in scam proceeds
SINGAPORE: In exchange for cash, a man became a "consultant" in a scheme by helping to set up a bank account that received over S$338,000 in proceeds from an investment scam.
Woman saved from losing $100,000 to scammers pretending to be bank, MAS employees
The 64-year-old woman was told she was under investigation for money laundering. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore-Based MetaComp Launches Stablecoin-Powered FX Payment Platform
Stablecoin-powered StableX enables “always-on access” to foreign exchange with speed, cost-efficiency, and reliability.
Congo may impose more cobalt curbs after four-month export ban
The Democratic Republic of Congo may impose strict curbs on exports of cobalt when its existing four-month export ban ends, the head of a government agency said on Wednesday. Congo, the world's ...
Singapore equities slide on Wednesday; STI declines 0.3%
SINGAPORE] Local stocks finished lower on Wednesday (May 14), as investors took stock of the United States and China trade chatter. Read more at The Business Times.
Changi Airport’s T5 to create jobs, business opportunities for Singaporeans, says PM Wong at groundbreaking
When the mega terminal's first phase is completed in the mid-2030s, it will be able to handle about 50 million passengers annually.
Could personalisation and AI-powered vending machines take Singapore snacks global?
ETC Travel Retail has ambitions to take Singapore snacks global with AI-powered personalization and local brand collaborations aimed at travellers.
Singapore’s Changi Airport starts building fifth terminal after pandemic pause
Singapore's Changi Airport on Wednesday started construction of a fifth terminal, as the world's fourth-busiest airport by international passengers expands to capitalise on growing air travel in Asia ...
Singapore and Changi cannot be complacent, says PM Wong during groundbreaking ceremony of Terminal 5
Singapore and Changi cannot afford to be complacent, and we must "continue to work hard", said Prime Minister Lawrence Wong during the groundbreaking ceremony of the mega Terminal 5 (T5) on Wednesday ...