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Posted on 18/02/2025

Singapore shares track regional gains on Tuesday; STI up 0.5%

THE Straits Times Index (STI) edged up on Tuesday (Feb 18), mirroring regional indices. It closed 0.5 per cent or 20.71 points higher at 3,925.56. Read more at The Business Times.

Posted on 18/02/2025

Singapore warns of rising credit card phishing scams in online purchases, 656 cases linked to mobile wallets

Singapore authorities on Monday issued a public warning about the risks of sharing credit card credentials for online transactions, as data revealed at ...

Posted on 18/02/2025

Singapore budget 2025: More support for businesses and households to ease living costs

The country announced support measures for households and businesses, including vouchers and tax breaks, in its first budget under Prime Minister Lawrence Wong.

Posted on 18/02/2025

Singapore Flags Investment Plans From Chips to Energy in Budget

Singapore plans to invest about S$1 billion ($744.8 million) for a new R&D semiconductor facility that will provide “great tools for researchers and industry partners” to boost innovation, according ...

Posted on 18/02/2025

Singapore Activist Investor 3D Questions Sapporo Acquisitions

Singapore-based investment fund 3D Investment Partners Pte sent a letter dated Feb. 18 criticizing Sapporo Holdings Ltd.’s past overseas acquisitions as failures, and questioning the responsibility of ...

Posted on 18/02/2025

Singapore will feel impact of rising global tensions, PM says

Singapore will feel the impact of increasing global tensions with economic growth set to slow this year, Prime Minister Lawrence Wong said in his budget speech in parliament on Tuesday. Wong, who is ...

Posted on 18/02/2025

In Singapore, PropertyGuru lays off 174 employees, shutters key business units in restructuring effort

PropertyGuru has laid off 174 employees, or approximately 12 per cent of its workforce, and shut down three business units. Headquartered in Singapore, the property technology company — which also has ... ( read original story ...)

Posted on 18/02/2025

HSBC lays off 40 dealmakers in Hong Kong as part of revamp to cut costs

The job cuts in HSBC's regional hub Hong Kong started on Monday, where at least four managing directors were let go, with three of them based in Hong Kong and one in Singapore ...

Posted on 18/02/2025

OCBC drops FLCT, CLAS from REIT picks while highlighting KDCREIT’s ‘solid turnaround story’

OCBC’s analysts say they were “left disappointed” with FLCT as it has not made any data centre acquisitions and did not penetrate the Japanese market since its CEO took over in August 2023.

Posted on 18/02/2025

OCBC Investment Research increases Seatrium’s target price to $2.82 after share price surge

OCBC Investment Research (OIR) analyst Ada Lim has increased her fair value estimate on Seatrium to $2.82 from $2.64 previously after shares in the offshore and marine (O&M) company surged by 10.87% ...

Posted on 18/02/2025

Singapore businesses call for Budget support to tackle inflation and boost digital adoption

The survey revealed that 50% of businesses are anticipating Budget measures to help them navigate the challenges posed by high inflation and facilitate their adoption of digital technologies. This ...

Posted on 18/02/2025

Gold Market Ructions Spur Spike in Singapore Exports to the US

Gold shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in bullion trading after pricing disparities opened up in key ...

Posted on 18/02/2025

Singapore’s Wong Set to Deliver First Annual Budget as Prime Minister

This is Lawrence Wong’s first budget as prime minister. He’s no stranger to it though, having been involved since the 1990s as a civil servant and in recent years as finance minister. He has pledged ...

Posted on 18/02/2025

Budget 2025: Singapore to introduce 50% corporate income tax rebate amid higher rent, labour costs

SINGAPORE: Companies in Singapore will receive a 50 per cent corporate income tax rebate in the 2025 year of assessment, Prime Minister and Finance Minister Lawrence Wong announced on Tuesday (Feb 18) ...

Posted on 18/02/2025

Nvidia’s physical shipments to Singapore make up less than 1% of revenue: Tan See Leng

He said Nvidia’s products are mainly deployed here for major enterprises and the Government. Read more at straitstimes.com.

Posted on 18/02/2025

Budget 2025: Singapore enters next phase of growth amid “a new global contest”

SINGAPORE will face a new global contest, with greater uncertainty and downside risks as it moves into its next phase of growth, said Finance Minister Lawrence Wong in his Budget speech on Tuesday ...

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