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Tag: banking

Posted on 18/02/2024

Singapore bags S$750 million in aerospace investment commitments, 2,500 jobs to be filled: EDB

SINGAPORE has bagged over S$750 million in investment commitments from more than 10 aerospace projects. The sector is also expected to hire over 2,500 roles over the next three to five years. Read ...

Posted on 18/02/2024

Retail investors net buy S$1 billion of Singapore stocks in early 2024

THE net institutional fund flows for the first six weeks of 2024 showed a similar trend as the same period in 2023, with net withdrawals of S$463 million. This was slightly higher than the net ...

Posted on 18/02/2024

S$40b to be spent on Forward Singapore exercise a very significant signal: Analyst

The announcement that S$40 billion will be spent by the end of the decade in the Forward Singapore exercise, has been described as a very significant signal. Political analyst Eugene Tan says it also ...

Posted on 18/02/2024

Singapore to Invest Over $743 Million in AI in Five Years

Singapore has announced a major investment in artificial intelligence (AI), with more than $1 billion earmarked over the next five years to propel the city-state to new heights in AI development.

Posted on 18/02/2024

Commentary: Budget 2024 – Remaking Singapore, one Budget at a time

In seeking to remake Singapore root and branch, Budget 2024 has set the tone for subsequent Budgets, says SMU associate professor of law Eugene Tan.

Posted on 17/02/2024

Singapore billionaire Wee Cho Yaw, ex-UOB chairman dies at 95

Billionaire Wee Cho Yaw (pic), chairman emeritus and honorary adviser of UOB, has died at the age of 95. The bank announced Wee’s death in a statement on Facebook yesterday.

Posted on 17/02/2024

Singapore’s budget has ‘something for everyone’ amid rising living costs. Does move signal an election is near?

Measures such as US$445 for each household, and rebates for businesses, would provide ‘near-term relief’, No 2 leader Lawrence Wong said.

Posted on 17/02/2024

Singapore to invest over $1 billion in AI over the next five years: Budget 2024

It will also upgrade the national broadband network to ensure that it can effectively support AI development and deployment.

Posted on 16/02/2024

Anchor Fund @ 65 and Growth IPO Fund invest in 9 companies; preparing them for IPO

A TOTAL of nine companies have already received investments from two funds that were established in 2022 to support high-growth enterprises to raise capital in Singapore’s public equity market. Read ...

Posted on 16/02/2024

Singapore eyes corporate tax rise, AI investment in 2024 budget

SINGAPORE -- Singapore is set to raise corporate taxes on multinationals from the start of next year while it will beef up efforts to become an artificial intelligence hub, Finance Minister Lawrence ...

Posted on 16/02/2024

Best Credit Card Promotions in Singapore (Feb – May 2024): Citibank, DBS, HSBC, UOB, and More

When it comes to credit card promotions these days, we’re spoilt for choice. Banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple ...

Posted on 16/02/2024

S$600 more CDC vouchers, U-Save rebates for Singaporean households announced in Singapore Budget 2024

Besides CDC vouchers, eligible Singaporean HDB households will also get more U-Save rebates. What else was announced in Budget 2024?

Posted on 16/02/2024

Budget 2024: Singapore to introduce new refundable tax credit to attract high-quality investments

The new Refundable Investment Credit, which works as a tax credit with a refundable cash feature, will aim to support “high-value and substantive economic activities”, says Deputy Prime Minister and ...

Posted on 16/02/2024

Singapore economic outlook for 2024 mixed, says finance minister

Singapore Finance Minister Lawrence Wong on Friday told parliament the country's economic outlook appeared mixed in 2024, but he was cautiously optimistic it would be a better year for the city-state.

Posted on 16/02/2024

Singapore to announce ‘temporary financial support scheme’ for retrenched workers later this year: Budget 2024

The Singapore government will announce details of a temporary financial assistance scheme later this year, says Deputy Prime Minister Lawrence Wong in his Budget 2024 speech on Feb 16.

Posted on 16/02/2024

Singapore budget focuses on relief for households, businesses amid rising costs: ‘we have your backs’

Measures such as US$445 for each household, and rebates for businesses, would provide ‘near-term relief’, No 2 leader Lawrence Wong said.

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