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Lazada cuts staff amid speculation of upcoming IPO
Lazada declined to disclose how many in Singapore and South-east Asia were affected and whether they got a severance package. Read more at straitstimes.com.
Singapore’s investment outlook in 2024 unlikely to be hurt by Significant Investments Review Bill
GLOBAL economic uncertainty aside, one question for Singapore’s foreign investment outlook in 2024 is a proposed law to scrutinise significant investments in critical entities. Read more at The ...
Singapore banks had a Goldilocks year in 2023, but 2024 not likely to be as benign amid tepid loan growth
SINGAPORE banks are unlikely to replicate the tremendous year they had in 2023, which saw them report record earnings thanks to Goldilocks conditions. Higher interest rates boosted their interest ...
HSBC expects commodity prices to remain high in 2024, drop in 2025
HSBC forecast on Tuesday (Jan 2) that squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year. Read ...
HSBC Wraps Up Sale of France-Based Retail Banking Business
HSBC Holdings HSBC has completed the divestiture of its France-based retail banking business. The company sold the business to Crédit Commercial de France (“CCF”), a subsidiary of My Money Group, ...
Economists more optimistic for 2024 as Singapore economy ends 2023 on a higher note
Economists are looking at 2024 with more optimism after Singapore’s economy grew faster than expected in the final quarter of 2023, with the manufacturing sector finally returning to growth.
Singapore stocks end lower in first 2024 session; STI down 0.3%
SINGAPORE stocks started 2024 weaker amid mixed trading across the region. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.32 points to close at 3,229.95 on Tuesday (Jan 2). Shares of ...
Singapore Stock Market on sale! Analysts say it’s severely undervalued
SINGAPORE: Insiders said that the Singapore stock market is severely undervalued, supported by metrics such... The post Singapore Stock Market on sale! Analysts say it’s severely undervalued appeared ...
UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle
UOB Kay Hian analyst Jonathan Koh has downgraded the Singapore banking sector to “market weight” amid an upcoming interest rate downcycle. The US Federal Reserve has paused its rate hike for the third ...
Singapore dollar has chance of three-peat on inflation fight
The Singapore dollar beat out all its Asian counterparts in each of the past two years. The chance of leading the region for a third straight year rests with the central bank.
HSBC takes on Revolut, Wise with new forex app for non-customers
HSBC Holdings is set to debut an international payments app aimed at directly challenging the dominance of fintechs such as Revolut and Wise that have gathered tens of millions of retail customers by ...
Seatrium takes green finance raised to over $1.5bn with latest facility
Singapore firm encouraged by strong support of its banks in its ongoing efforts in pursuing sustainability in its business operations ...
Look Ahead 2024: Stronger economy, lower inflation and interest rates expected in Singapore, but experts urge prudence
It may seem like the dark clouds looming over Singapore's post-pandemic economy in 2023 might finally dissipate in 2024, but that does not mean ...
Singapore stocks open stronger on Tuesday; STI up 0.5%
Banking stocks rose in early morning trade. DBS : D05 +0.54% was trading up 0.6 per cent or S$0.20 at S$33.61. UOB : U11 +0.81% was up 0.7 per cent or S$0.21 at S$28.66, and OCBC : O39 +0.23% rose 0.3 ...