Shell (NYSE:SHEL) said Wednesday it agreed to sell its refining and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) and ...
Failed crypto giant FTX has recovered billions more than it needs to pay back bankruptcy victims
Fallen cryptocurrency exchange FTX has raked in billions of dollars more than it needs to fully pay back customers who lost funds in its November 2022 collapse. In a rare twist versus typical US ...
We are pro-Singapore: DPM Lawrence Wong on standing between the US and China
Countries, including Singapore, have to navigate an unpredictable world that could be messy for a decade or longer, said DPM Wong. Read more at straitstimes.com.
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
SINGAPORE needs to be realistic about the global trends affecting the city-state’s equities market, and the actions that can be taken to change them, said Deputy Prime Minister Lawrence Wong on ...
DBS CEO Piyush Gupta sells bank shares worth S$2.7M
SINGAPORE: DBS CEO Piyush Gupta sold bank shares worth S$2.7 million. According to a filing with the Singapore Exchange on May 7, Mr Gupta recently sold 75,000 bank shares, gaining him S$2.7 million.
Shell offloads Singapore assets
Shell has sold its remaining chemical assets in Singapore in the latest attempt to simplify operations and sell-off less profitable parts of the business. Glencore, the commodities group, and Chandra ...
UOB awards Wong Kan Seng over S$400,000 in shares
UOB has awarded its chairman, Wong Kan Seng, over S$400,000 in shares, the bank said in a bourse filing on Wednesday (May 8). Read more at The Business Times.
UBS Jumps as Swiss Lender Returns to Profit
Key Takeaways UBS Group returned to a profit after two quarters of losses as it cut costs and moved forward with its integration of Credit Suisse.The Swiss bank purchased struggling rival Credit Suisse in a government-backed bailout in March 2023.
Singapore has achieved astounding economic success
S ince its independence almost 60 years ago, Singapore has become a beacon of prosperity. In a part of the world where middle-income status is the norm, the city-state is now the ...
Shell sells Singapore assets on Pulau Bukom and Jurong Island after strategic review
SINGAPORE - Oil giant Shell has agreed to sell its energy and chemicals park on Singapore’s Pulau Bukom and Jurong Island to a joint venture comprising Indonesia’s Chandra Asri Capital and global ...
Exploring Top Dividend Stocks In Singapore May 2024
As of May 2024, the Singapore market continues to attract attention with its robust economic indicators and stable financial environment, fostering confidence among investors. Amidst this backdrop, ...
Explainer-Shell’s Singapore refinery sale and its market significance
Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore,
Singapore-ASEAN trade stands at $295.6b in 2023
The direct investment abroad from Singapore to ASEAN also reached $226.1b. The total trade between Singapore and its Southeast Asian neighbors amounted to $295.6b in 2023, a 14% increase from 2019. “The ASEAN region is an important market for our ...
MAS follows up on DBS to identify reasons for disruptions and address them effectively
SINGAPORE: The Monetary Authority of Singapore (MAS) is following up on DBS to identify reasons... The post MAS follows up on DBS to identify reasons for disruptions and address them effectively appea ...
Singapore urged to increase renewable grid interconnection investment
Singapore should focus on increasing its investment in renewable grid interconnection to double its renewable energy imports, supporting its energy transition and bringing the cost of its electricity.
US revokes Intel, Qualcomm’s export licenses to sell to China’s Huawei, sources say
By Alexandra Alper, Fanny Potkin and David Shepardson WASHINGTON/SINGAPORE (Reuters) -The U.S. has revoked licenses that allowed companies including Intel and Qualcomm to ship chips used for laptops ...