SINGAPORE: Yang Bin (杨斌), a Jiangsu-born Dutch national and once China’s second-richest man, was sentenced to six years in prison and fined S$16,000 (US$12,284) on Monday (26 August) for orchestrating ...
Singapore tries to shore up disillusioned middle class before election
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Singapore’s National Day rally is traditionally an opportunity for the prime minister to outline domestic policy plans, but Lawrence Wong this year used his first ...
With T-bills’ cut-off yield down 21bps to 3.13%, time to ‘segue’ into S-REITs: Bank of Singapore
BOS analyst Andy Wong prefers logistics and industrial, hospitality, retail and office S-REITs — in that order.
Singapore Exchange’s head of capital markets Song to depart
Singapore Exchange’s head of capital markets, Matthew Song, is departing from the bourse, about a year after he took on the role following a revamp, according to people familiar with the matter. Read ...
Singapore Exchange’s head of capital markets Matthew Song leaving bourse
Singapore Exchange’s head of capital markets, Matthew Song, is departing from the bourse, about a year after he took on the role following a revamp, according to people familiar with the matter. Read ...
Number of Crypto Millionaires Doubled to 172,300 Over the Last Year, Study Finds
The U.S. ranked fourth in Henley & Partners’ analysis of global crypto hubs, which takes into account regulation, infrastructure adoption, technology prowess, and tax-friendliness, among other factors ...
Evonik’s expanded Singapore methionine facility becomes world’s largest
The expansion brings total DL-methionine production capacity to 340,000 tonnes per year, up by 40,000 tonnes a year.
Singapore sorts valuable metals from PCBs
Scientists at Nanyang Technological University (NTU) in Singapore are pioneering a sorting solution for end-of-life e. This could be a huge win ...
EnterpriseSG investment arm SEEDS Capital seeks new partners to co-invest in S’pore-based deep-tech start-ups
SEEDS Capital has set aside $150 million to catalyse similar co-investments with the private sector over the next three years.
Tata said to shelve media unit IPO after buying out Temasek
Tata Group has shelved plans for an initial public offering of its entertainment content distribution platform after buying out minority investors, according to people familiar with the matter. Read ...
Tata Play IPO: Tata may seek $1 bn valuation – Details
Plans for an IPO of Tata Play could still be revived in the future, sources said. Tata may seek a valuation of more than $1 billion for the entertainment business in any potential ...
Malaysia’s 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore
A bid by now defunct BSI Bank Limited to strike out a $394 million claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit, Brazen Sky Limited, has been ...
28 weeks’ jail for man who tried to flee Singapore after getting caught smuggling vapes
Mohamad Izuwan Che Mohd Abd Khoha tried to smuggle more than 20,000 vaping products into Singapore. Read more at straitstimes.com.
BSI Bank fails to strike out 1MDB’s Singapore lawsuit for US$394mil
The dismissal of the striking out application, which is subject to an appeal, allows the case against the bank to proceed to trial.
Trust Bank on track to be profitable around the end of 2025 as revenue surges, says CEO
SINGAPORE – Trust Bank expects to be profitable around the end of 2025, said its chief executive Dwaipayan Sadhu, as the lender continues to grow its customer base and revenue. In the first half of ...
Trust Bank’s deposits more than double to S$3 billion in H1 2024, customer base hits 806,000
CUSTOMER deposits at Trust Bank more than doubled to S$3 billion in the first half of 2024, from S$1.2 billion in the same period last year. Read more at The Business Times.