Singapore’s economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed.
7th youth pleads guilty to role in S$12.8m OCBC phishing scam, bail doubled pending sentencing
Soh is the seventh youth to plead guilty to offences relating to the scam. Five of the other six have been given sentences including probation and reformative training. The sixth is yet to be ...
Man linked to phishing scams involving OCBC customers admits being part of crime group
SINGAPORE: man linked to phishing scams that saw multiple OCBC Bank customers lose around S$12.8 million in total has admitted that he worked with others to provide money laundering services.
Bridgewater continues to cut US-listed Chinese stocks as Singapore’s Temasek, Saudi’s PIF stay the course for market turnaround
Bridgewater trimmed more positions US-listed Chinese stocks in the final quarter of 2023, including a total exit from Miniso and Noah Holdings Temasek has retained most of its US-listed shares, but ...
Singapore economy grew 2.2% in Q4, lower than estimate
Singapore’s economy grew 2.2 percent on a year-on-year basis in the fourth quarter of 2023, government data showed on Thursday, lower than the advanced growth estimate of 2.8 percent released last ...
SIA, Sats among bigger companies in S’pore market poised to ride the Dragon
Despite all the value to be had, the Singapore stock market has remained in the doldrums. How long this will continue is anyone’s guess. The market’s average price-to-earnings (PE) multiple is 12.7 ...
Failed investment in Michelin Bib Gourmand prawn noodle sours 30-year friendship
SINGAPORE - The owner of a well-known hawker stall selling prawn noodles in Zion Road decided to go into business with a childhood friend to open a restaurant in South Bridge Road, after turning down ...
Singapore shares rise on Thursday after GDP data; STI up 0.3%
SINGAPORE stocks rose on Thursday (Feb 15) morning following news that gross domestic product growth in 2023 was 1.1 per cent, marginally down from advance estimates. Read more at The Business Times.
461 victims lost $6.8m in investment or job scams involving online chat groups since start of 2024
Victims were added to chat groups or channels on messaging platforms and offered investment or job opportunities. Read more at straitstimes.com.
Singapore REITs Fall as U.S. Inflation Data Weighs on Potential Payouts
By Amanda Lee Units of Singapore-listed real-estate investments trusts fell Wednesday after the latest U.S. inflation data added fuel to growing ...
IHH Healthcare’s indirect subsidiary to withdraw IPO plans
According to IHH, the private equity investors, as well as the board of directors at Fortis and Agilus, have agreed to withdraw the draft red herring prospectus following meetings held on Feb 13.
Singapore gov’t to refund 7.5 million wrongly collected tax
Singapore authorities will refund wrongly collected goods and services tax GST worth 75 million Singapore dollars 55 million US dollars to tax ...
Singapore Budget 2024: HR leaders share what’s on their wishlist
From more focused support for upskilling, to increased funding for research projects, here's what leaders from Senoko Energy, HSBC Singapore, Transport Capital, and J&T Express are looking out for.
Singapore leads commercial real estate investments in APAC
Commercial investment volume in Singapore grew 462% QoQ and 110% YoY in 4Q23. Singapore has emerged as a leader in APAC commercial investments after hitting US$4.1b in 4Q23. According to Knight Frank, ...
OCBC Investment Research keeps ‘buy’ on SingPost with unchanged TP of 55.5 cents, says business environment challenging
Analyst Ada Lim notes all of SingPost’s businesses posted positive operating profits in its 3QFY2024 business update.
CapitaLand Investment establishes CapitaLand Ascott Residence Asia Fund II to invest in lodging properties amidst growing demand
CapitaLand Investment has established CapitaLand Ascott Residence Asia Fund II with a target equity size of US$600 million (S$800 million) to invest in lodging properties. It has secured first close ...