SINGAPORE – Singapore’s factory output grew in November for a second month but fell short of expectations, largely due to a significant deceleration in electronics, as well as contractions in ...
Singapore’s 2024 Budget statement to be delivered in Parliament on Feb 16
Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore's 2024 Budget statement in Parliament on Feb 16, the Ministry of Finance (MOF) said on Thursday (Dec 28).
Singapore imposes civil penalty on Credit Suisse for managers’ misconduct
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank's failure to prevent or detect misconduct by its relationship managers, the ...
Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion
Seatrium Financial Services, a wholly-owned subsidiary of Seatrium Limited, has successfully refinanced an existing loan facility due in February 2024 with a $400 million committed loan facility from ...
Singapore stocks extend rally on Fed-fuelled rate optimism; STI up 1%
THE year-end cheer was evident in the region on Wednesday (Dec 27) as optimism fuelled stock markets. Read more at The Business Times.
A Complete Guide to Citibank Foreign Currency Account
Need to hold funds in a foreign currency outside of the region you are residing in? Citibank's Foreign Currency Account may be your solution - with a single account, you can conveniently carry out ...
UOB Vietnam increases charter capital to expand services
VOV.VN - Singapore-based United Overseas Bank (UOB) has decided to inject an additional VND3 billion into its affiliate bank in Vietnam (UOB Vietnam), raising its affiliate’s charter capital to VND8 ...
Singapore’s Economic Outlook for 2024
Singapore’s growth forecast for 2024 is looking up and inflation rate is likely to ease. Here’s a quick look at Singapore’s economic outlook for next year.
Singapore and Norway in top ten richest countries
Singapore and Norway make it into the top ten of Global Finances' list of richest countries in the world. But the first place might shock you.
Singapore-Based FII-Backed Stock In Focus On Divestment of 100% Stake In Subsidiary
Small-cap financial services company LKP Finance Limited has a market worth of around Rs 285 Cr. The stock is in the limelight as the company stated that it is selling all of its shares in its ...
Singapore core inflation dips to 3.2% in November, expected to remain elevated in the near term
Last month saw slower price increases for retail and other goods, food, as well as electricity and gas. Read more at straitstimes.com.
Starbucks, Tim Horton’s Among Global Coffee Chains Eyeing Singapore For Expansion Despite Stiff Local Competition
What Happened: CNBC reported on Tuesday that several global coffee brands have launched new outlets in Singapore in recent months. These include China’s Luckin Coffee, Indonesian chains Kenangan ...
Singapore stocks end flat as traders remain cautious amid hopes of interest rate cuts
Across the region, stock markets that were open for trading posted a mixed set of results for the day. Read more at straitstimes.com.
Singapore stocks end Tuesday flat as traders eye potential interest rate cuts
STOCK markets on Tuesday (Dec 26) were a mixed bag of results, as hopes of interest rate cuts – on the back of subdued inflation data in the US – sparked investor optimism, but investors chose to ...
Jail for man who helped childhood friend cheat scam victims, used bank accounts to funnel ‘dirty money’
Even though he suspected that his childhood friend might be getting funds from illegal activities, Brandon Phua Zhi Wen still agreed to help him out by withdrawing a total of S$40,000 in cash.
UOB Vietnam bank raises charter capital by 60%
UOB Vietnam, wholly owned by Singapore’s United Overseas Bank (UOB), has increased its charter capital by 60% to VND8 trillion ($329 million) through a capital injection from its parent bank.