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Tag: business

Posted on 11/12/2024

58 tortoises in a bag: Indian national jailed for for illegal import into Singapore

The tortoises were concealed -- sealed and not ventilated -- in Abdul Jaffar Haji Ali's personal luggage when he arrived at Changi Airport on August 29 from India to take another flight to Jakarta.

Posted on 11/12/2024

Indian national jailed for unlawfully importing 58 tortoises into Singapore

An Indian national was sentenced to a year and four months’ jail for unlawfully importing 58 Indian star tortoises into Singapore in August, a media report said on Tuesday. The tortoises were ...

Posted on 11/12/2024

Singapore’s economy soars with 5.4% GDP growth, powered by manufacturing surge and booming electronics

The standout performer was the domestic electronics industry, which surged by 17% YoY, helping to bolster overall manufacturing output. This growth highlights Singapore’s role as a key player in the ...

Posted on 11/12/2024

Singapore’s urban rejuvenation schemes should be extended but fine-tuning needed: Experts

The two schemes give developers and building owners incentives to undertake rejuvenation projects. Read more at straitstimes.com.

Posted on 11/12/2024

Singapore emerges as top destination relocation in SEA

The city-state ranks 8th globally. Singapore has stood out as the most desired market for relocation in Southeast Asia (SEA), according to a SEEK report. The report found that 30% of Malaysians prefer ...

Posted on 11/12/2024

Singapore property tycoons set up family office in Abu Dhabi, eyeing Middle East expansion

We chose Abu Dhabi because it offers a strategic location and an internationally recognized legal framework,” they said ...

Posted on 11/12/2024

Crypto.com Taps Deutsche Bank for Corporate Banking Services in Key APAC Markets

Crypto.com has partnered with Deutsche Bank to enhance its corporate banking capabilities across Singapore, Australia, and Hong Kong.

Posted on 11/12/2024

Maybank keeps Sembcorp at ‘buy’ with higher TP following agreement to import renewable energy from Malaysia

This comes on the back of Sembcorp agreeing to import 50MW of renewable energy from Tenaga of Malaysia to Singapore issued with Renewable Energy Certificates (RECs) using existing infrastructure. The ...

Posted on 11/12/2024

Economists Raise Singapore’s 2024 Growth Forecast, Central Bank Survey Shows

Experts surveyed by Singapore’s central bank have raised their 2024 economic growth forecast for the city-state, coming after third-quarter data showed the economy expanded at the fastest in nearly ...

Posted on 11/12/2024

Economists see Singapore economy slowing to 2.6% in 2025 from 3.6% in 2024: MAS survey

Geopolitical tensions, including from higher tariffs, jumps to top downside risks to Singapore’s economy. Read more at straitstimes.com.

Posted on 11/12/2024

Charge+ acquires 140 EV chargers from 3 companies ceasing commercial charging services in Singapore

Charge+ has acquired 140 public and shared EV chargers from three other companies in Singapore that have ceased offering commercial charging services. Read more at The Business Times.

Posted on 11/12/2024

Manufacturing leads Singapore’s GDP growth with 11% YoY rise in Q3

GDP is expected to drop in 2025. Singapore’s gross domestic product (GDP) grew by 5.4% year-on-year (YoY) in Q3 2024, driven primarily by the manufacturing sector, Oxford Economics reported. The ...

Posted on 11/12/2024

Singapore semiconductor sector troubled by widening US curbs

New US export restrictions on semiconductors are unlikely to mar Singapore’s standing as a resilient manufacturing hub, but firms here could still take a hit from brewing trade tensions and technology ...

Posted on 11/12/2024

Crypto.com taps Deutsche Bank for Asia-Pacific markets

Cryptocurrency exchange Crypto.com has announced a new partnership with Deutsche Bank to provide corporate banking services across Asian-Pacific markets, covering regions such as Singapore, Australia, ...

Posted on 11/12/2024

Crypto.com picks Deutsche Bank as corporate banking partner for APAC region

Cryptocurrency exchange Crypto.com has partnered with Deutsche Bank to become its corporate banking partner for Singapore, Australia, and Hong Kong. In an announcement today, the exchange said the ...

Posted on 10/12/2024

WazirX parent Zettai files application in Singapore High Court to present recovery scheme

The application filed on December 6 outlined a structured roadmap for recovery, and if approved, will include initial distributions of available liquid assets within 10 Business Days (as defined in ...

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