The funds, to be invested in the existing Space Technology Development Programme (STDP), will also be used to improve the capabilities of Singapore’s research and learning institutions and bolster the ...
Singapore sets up Earth observation initiative in space sector push
An additional S$60 million will also be invested over the next two years in projects to further Singapore’s capabilities in the space sector, said the national space office.
Singapore’s lender OCBC warns of slower loan growth in 2025 after missing profit estimates
Singapore’s second-largest lender, has forecast a slowdown in loan growth for 2025 following a weaker-than-expected rise in fourth-quarter earnings. The bank also announced an SGD2.5bn ($1.87bn) ...
OCBC to return $2.5b capital via special dividends and share buybacks, Q4 profit misses estimates
SINGAPORE - OCBC on Feb 26 announced it will return $2.5 billion of capital to shareholders over two years via special dividends and share buybacks, as the bank delivered a record profit of $7.59 ...
Five gang members get prison time, whipping over deadly brawl near Singapore’s Concorde Hotel
Five men, all members of a secret society, were sentenced to imprisonment and caning yesterday for their involvement in a 2023 fatal brawl near ...
Singapore’s ELD warns voters over fake notice claiming electoral roll removal
Singaporeans who cannot check their voting status online can contact the ELD hotline at 1800-CALL-ELD (1800-225-5353) or visit the nearest community centres and ServiceSG centres ...
Singapore’s Mapletree wins land tender, adds Tsing Yi logistics site to Hong Kong assets
Hong Kong has awarded Singapore’s Mapletree Investments a 50-year land grant to a parcel of land in the New Territories for about HK$3.68 billion (US$473 million), according to the Lands Department on ...
Singapore bank OCBC Q4 profit misses forecast, unveils $1.9 bln capital return
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 ...