UOB has priced GBP750 million in three-year covered bond due 2027 The covered bond was priced on Thursday 5 Sep at the Sterling Overnight Index Average SONIA Rate plus 53 basis points This is the larg ...
Fierce competition drives Giant to shutter ninth Singapore supermarket this year in Toa Payoh, leaving only 45 nationwide
Supermarket chain Giant will shut its ninth store in Singapore in September 2024 due to intense competition from online retailers and other grocery stores, The Straits Times reported today. According ...
British woman fined US$3,800 for shoplifting spree at Singapore airport
While in transit at Singapore’s Changi Airport waiting for a flight to Bali, a woman went on a theft spree over an hour and forty minutes, filching cosmetics, neck pillows and other items worth more ...
India and Singapore Inks MoU Across Sectors of Semiconductors, Digital Technology
The MoU focuses on collaboration in digital technologies, including cybersecurity, 5G, quantum computing, artificial intelligence (AI) and supercomputing.
Singapore tycoons’ wealth rises 10%, with Eduardo Saverin topping Forbes’ rich list again
SINGAPORE - Singapore’s tycoons saw their collective wealth rise by over 10 per cent to US$195 billion (S$253 billion), from US$177 billion in 2023. But Forbes’ 2024 list of Singapore’s 50 Richest ...
Singapore jails Gurkha Contingent officers for running unlawful cross-border money transfer services
SINGAPORE: Five officers from the Gurkha Contingent (GC), Singapore's most trusted police force division, were sentenced to jail terms after they pleaded guilty to operating unlawful cross-border ...
Tepid take-up of new guidelines on property agent commissions
In November 2023, the Singapore Estate Agents Association (SEAA), an industry group, signed a pact with property agencies to adopt new guidelines, which call for buyer or rental agents to collect ... ( read original story ...)
OCBC’s new digital banking account for children sparks concerns among some Singaporeans
Some Singaporeans fear that young children could become easy targets for scammers as they may lack the maturity to manage digital banking responsibly.
A Guide to Singapore Personal Income Tax
When it comes to personal income taxes, Singapore is among the countries in Asia that has the most favourable rates for individuals and businesses. It follows what is called a progressive income tax ...
Singapore to stay attractive with refundable tax credit scheme, says KPMG
As more countries adopt the global minimum tax of 15%, KPMG in Singapore said the Lion City can remain attractive to businesses with a Qualified Refundable Tax Credits (QRTC) scheme to soften the ...
DBS names Calvin Ong as new Singapore consumer banking head
SINGAPORE - DBS has appointed Calvin Ong as its new Singapore consumer banking head. He will succeed Jeremy Soo who will retire at the end of the year, the lender said on Sept 6.
Singapore stocks fell on Friday—STI slipped by 0.1%
On Wall Street, stocks had a mixed performance on Thursday, ahead of a critical US labour market report due on Friday. The Dow Jones Industrial Average fell 0.5% to 40,755.75, while the S&P 500 ...
Singapore jails five Gurkha officers involved in unlicensed cross-border money transfers, with one handling nearly S$2.9m
Five men from the Gurkha Contingent of the police force were sentenced to jail for providing or supporting unlicensed payment services Millions of dollars were remitted ... ( read original story ...)
“We want to double our funds in India…”: Singapore’s business leader after PM Modi’s roundtable meet
CapitaLand Investment's Group CEO, Lee Chee Koon, highlighted India's growth prospects and the company's plan to double its funds in India. PM Modi's reforms have accelerated CapitaLand's growth over ...
Leaders of India and Singapore sign deal to cooperate on semiconductors
The leaders of India and Singapore on Thursday signed an agreement to partner and cooperate in semiconductors, in a deal aimed at giving Singaporean firms a greater role in supply chains in the Indian ...
Singapore court defers ex-minister Iswaran’s criminal trial to Sept 24
The criminal trial of former Singapore transport minister S. Iswaran that was initially scheduled for September 10 has been rescheduled to September 24. The announcement was made yesterday by a representative for the Singapore Attorney-General’s Chambers,