Prime Minister Pham Minh Chinh received leaders of Standard Chartered in Singapore on February 9 as part of his official visit to the city state.
Raising taxes a ‘necessary evil’ to cover future higher spending, Singapore Govt will face delicate trade-offs, say experts
The Government faces some delicate trade-offs if it decides to raise revenue through higher taxes, on top of the Goods and Services Tax (GST) hike, to keep ...
Solar firm Nextracker’s shares soar in U.S. debut as IPO market ‘thaws’
Shares of solar-tracking business Nextracker Inc soared 26% in their U.S. market debut on Thursday, suggesting that the IPO market was showing signs of emerging from a prolonged freeze.
Green Link Digital Bank eyes Chinese market after strong start in S’pore
SINGAPORE – Green Link Digital Bank (GLDB), one of Singapore’s two wholesale digital banks, is setting its sights on China’s vast micro, small and medium-sized enterprise market even as it gains a ...
Commentary: Addressing Singapore’s long-term challenges – where will the money come from?
The upcoming Budget 2023 on Feb 14 - Singapore's first post-pandemic Budget - will bring longer-term challenges into sharper focus. Recent moves like the GST hike will help close the funding gap, but ...
Singapore banks could see upcoming moderation in growth momentum in 2023: IG Asia
Singapore’s three banks, DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) may see yet another quarter of expansion in their net interest margins (NIMs) in ...
Singapore scam victims lost S$660.7 million in 2022
Scam victims in Singapore lost S$660.7 million in 2022, up 4.5 per cent from S$632 million a year before, according to Singapore Police Force (SPF) data released on Wednesday (8 February). Scams and ...
Singapore relaxes COVID travel curbs, mask rules further
Singapore will drop a requirement for travellers who are not fully vaccinated to show COVID test results or purchase coronavirus travel insurance from Feb 13, the government's virus taskforce said on ...
Spotlight on Indonesian tycoon Susilo Wonowidjojo after OCBC unit files police report
SINGAPORE – Over the weekend of Feb 4-5, news broke that OCBC Bank’s Indonesian branch had filed a police report against one of Indonesia’s top billionaires. The case: A wig-making company owned by ...
Here’s Why UOB One Customers Can Still Live Life to the Fullest, Amid High Inflation
High inflation in Singapore has been the talk of the town, and MAS has forecasted that core inflation for 2023 is likely to be 3.5% to 4.5%. What this means is that goods and services will cost more, ...
Japan’s Sumitomo Mitsui to end corporate finance exposure to coal mining by 2040
Sumitomo Mitsui Banking Corp (SMBC) will not have any corporate and project finance exposure to coal mining by 2040 but does not have a concrete timeline for reducing support to trade finance, a ...
Golf: Singapore’s Amanda Tan qualifies for HSBC Women’s World C’ship for the fifth time
She finished last in the 60-plus player field in her previous attempts but believes she is better prepared this time. Read more at straitstimes.com.
Singapore-based fintech Tazapay raises USD 16.9 million in Series A fundraising round, led by Sequoia Capital Southeast Asia
Singapore February 9 ANIPRNewswire Tazapay a leading fintech company specialising in cross-border payments announced today that it has raised USD 169 million in its Series A funding round Sequoia ...
Singapore Wins Record $17 Billion Investment Pledge on Reopening
Singapore said it secured record investment commitments last year as the economy reopened, while warning that officials don’t expect to repeat that performance amid mounting global headwinds.
Singapore attracted record S$22.5 billion in fixed asset investments last year, nearly double of 2021
SINGAPORE: Singapore attracted a record high of S$22.5 billion in fixed asset investments last year, which is set to create more than 17,000 jobs in the coming years, the Economic Development Board ...
Singapore REITs Fall, Weighed by Hawkish Fed Comments
By Justina Lee Singapore real estate investment trusts are trading lower Thursday, weighed by concerns of higher interest rates following remarks from ...