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Tag: business

Posted on 07/11/2024

Crypto exchange Coinbase launches Singapore engineering hub in partnership with EDB

Coinbase announced on Nov 6 that it has joined forces with the Economic Development Board to offer Singapore-based engineers the resources and training to advance the local blockchain ecosystem. It ...

Posted on 07/11/2024

Genting Singapore reports 3QFY2024 NPAT of $79.4 mil, 63% lower y-o-y

Genting Singapore has reported net profit after taxation (NPAT) of $79.4 million for the 3QFY2024 ended Sept 30, 63% lower y-o-y and 27% lower q-o-q, amid the slower recovery of international visitor ...

Posted on 07/11/2024

Singapore Looks Forward to Importing Green Electricity from Indonesia

Electricity import projects that have gone through preliminary assessments are eligible for conditional approval. Singapore aims to import 6 gigawatts of low-carbon electricity to decarbonize its ...

Posted on 07/11/2024

Singapore’s transit-oriented developments (TODs) are shattering zoning norms, redefining urban growth

These projects are merging residential, commercial, and retail spaces around key public transport hubs to create vibrant, mixed-use communities.

Posted on 07/11/2024

Wealthy Indian elites set up family offices in Singapore to safeguard future prosperity

Singapore has emerged as a top destination for ultra-high-net-worth Indians looking to establish a family office outside India, thanks to its stable political climate, favorable tax regime, and ...

Posted on 07/11/2024

Singapore bank DBS posts record quarterly profit, sees 2025 dip from tax changes

Singapore's biggest bank DBS Group posted on Thursday a record net profit in the third quarter, but forecast 2025 net profit to be below 2024 levels because the city-state is introducing a global ...

Posted on 07/11/2024

Singapore bank DBS Group’s third-quarter net profit jumps 15% on year to record high

DBS Group , Singapore's biggest bank, posted on Thursday a 15% jump in net profit in the third quarter from a year earlier to a record high of S$3.03 billion ($2.27 billion) driven by total income ...

Posted on 07/11/2024

Changi Airport Group’s $273 million runways and taxiways investment tax break appeal gets denied by High Court

The decision stresses a key differentiation in tax law between physical infrastructure and operational equipment ...

Posted on 06/11/2024

Yields Soar as Likely Trump Win Stirs ‘Bond Vigilantes’

Treasury yields surged once it became clear Trump had considerably improved on his 2020 election performance against Joe Biden. The two-year yield peaked at 4.312%, its highest since August, and last ...

Posted on 06/11/2024

Singapore Announces Plans To Introduce Autonomous Vehicles For Public And Logistics Use

Singapore’s Transport Minister Chee Hong Tat said that autonomous vehicle AV is the future and that the technology can be scaled and used along fixed routes.

Posted on 06/11/2024

CIIE: Singapore firms take long-term view towards Chinese market

SHANGHAI: Singapore firms take a long-term view towards China, a market with huge potential and growing sophistication, and regard investing in the country as a long game, according to the Singapore ...

Posted on 06/11/2024

Singapore crypto exec fired over alleged drink spiking during job interview at HK bar

SINGAPORE, Nov 6 — A Singaporean man has been dismissed from his roles at two crypto firms following allegations of drugging a woman he was interviewing for a job. Singapore media site AsiaOne ...

Posted on 06/11/2024

What lies ahead for Singapore’s medical device market?

The sector will benefit from rising healthcare expenditure driven by an ageing population. Singapore’s medical device market is projected to rise at a compound annual growth rate of 7.5% in local ...

Posted on 06/11/2024

Asia’s export-driven economies brace for upheaval under Trump

Former US president’s proposals for sweeping tariffs threaten to hobble exports that drive the region’s growth.

Posted on 05/11/2024

World Precision expects loss after tax for 3QFY2024 in profit guidance

The group adds that it also expects a loss after tax for the full-year FY2024 period ending Dec 31. Shares in World Precision Machinery closed flat at 27.5 cents on Nov 5.

Posted on 05/11/2024

USDG: Global Dollar Network Launches Singapore-Based Stablecoin with Robinhood, Kraken Partnership

Seven major crypto companies launched USDG, a Singapore-based stablecoin that will share 97% of reserve earnings with network participants while competing against established players Tether and USDC.

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