SINGAPORE--Experts surveyed by Singapore's central bank again ... They cut growth forecasts for the finance and insurance sector to 0.7% from 1.3%, and for the construction sector to 6.8% from 7.0%.
UPDATE 1-Singapore’s DBS raises $1.5 bln in two US dlr bond tranches -term sheet
Singapore's DBS Group has raised $1.5 bln in two U.S. dollar bond tranches, according to a term sheet reviewed by Reuters. The bank issued a two-year fixed rate bond that raised $750 million and a two ...
Singapore shares rise at Wednesday’s open; STI up 0.5%
SINGAPORE stocks were pulled into positive territory on Wednesday (Sep 6), bucking a global selloff on Wall Street and Europe amid cautious investor trading. Read more at The Business Times.
GASTECH-Natural gas market better supplied this winter, Chevron exec says
SINGAPORE, Sept 5 (Reuters) - The natural gas market is better supplied heading into this winter compared with last year amid fairly high stock levels, Colin Parfitt, Chevron's president of midstream, ...
UOB’s Citi acquisition to help it grow in Asean
SINGAPORE: UOB’s S$5bil acquisition of Citigroup’s consumer businesses in Malaysia, Thailand, Vietnam and Indonesia will be a game changer by doubling the bank’s Asean customer base outside Singapore ...
Assets involved in money laundering case nearly double to $1.8b: Prosecutors
The update in the value of assets involved was revealed in a hearing where one of accused argued for bail to be granted. Read more at straitstimes.com.
Singapore’s New President Does Not Imply a Mandate for the PAP
Tharman Shanmugaratnam’s landslide victory may seem like an endorsement of the ruling People’s Action Party (PAP), but is better seen as a reflection of his personal popularity.
Singapore-based Evergreen Group Holdings to invest $7.5m in K-Pop company Attrakt
Singapore-based Evergreen Group Holdings has revealed plans to invest about 10 billion South Korean won (approx. USD $7.5 million) in K-Pop entertainment agency Attrakt. That’s according to multiple ...
Singapore Narrowly Averts Recession In First Half Of 2023
GDP estimate for 2023 was revised down to 0.5% yoy compared with the advance estimate of 0.7% yoy. The service sector economy is expected to be more resilient, boosted by the continued recovery of ...
Assets involved in money laundering case balloons to S$1.8bil: Prosecutors
The police have taken control of more than S$1.8 billion in assets as they continue to investigate one of the largest money laundering cases in Singapore, prosecutors told the High Court on Tuesday ...
Seizures linked to billion-dollar bust balloon to S$1.8b: Prosecutors
THE police have taken control of more than S$1.8 billion in assets as they continue to investigate one of the largest money laundering cases in Singapore, prosecutors told the High Court on Tuesday ...
Singapore money laundering case exposes gaps in defenses
A Singapore money laundering probe involving more than S$1 billion ($740 million) is shining a light on fund flows from abroad and raising questions about loopholes that enabled an alleged crime ...
Singapore: Small improvement in the Manufacturing PMI – UOB
UOB Group’s Senior Economist Alvin Liew and Associate Economist Jester Koh comment on the publication of the PMI results in Singapore. Singapore’s manufacturing outlook improved marginally as the ...
Singapore shares fall amid declines across Asia-Pacific, STI down 0.4%
Losers outnumbered gainers 286 to 274 as 1.2 billion shares worth $656.2 million changed hands. Read more at straitstimes.com.
Ryde Group Ltd. Files For $17 Million U.S. IPO
Summary Ryde Group Ltd. has filed for an IPO to raise $17.25 million in gross proceeds. The Singapore-based firm operates a platform for car-pooling and ride-hailing services. Ryde is experiencing ...
HSBC Singapore increases maternity & paternity leave provisions effective 1 September
As part of the enhanced parental leave policies, maternity leave has been extended to 26 weeks, while paternity leave was increased to eight weeks.