SINGAPORE’S overall factory activity improved modestly in January but remained in contraction territory for the fifth straight month, lagging behind regional peers. Read more at The Business Times.
S’pore Will Import 100MW Electricity From M’sia, Can Power 144,000 4-Room HDB Flats
YTB PowerSeraya and TNB Genco will team up to import 100MW electricity from Malaysia to Singapore, in a first.
TNB Genco, YTL PowerSeraya imports 100MW electricity to Singapore
The imported electricity will be supplied to Singapore commercially for the first time. TNB Power Generation Sdn Bhd, a subsidiary of Tenaga Nasional Berhad, and YTL PowerSeraya Pte. Limited have ...
‘I’m so exhausted’: Tenants face hard choices as rents surge in Singapore
Singapore's buoyant rental market shows no signs of slowing down, with rents rising further in the last quarter of 2022.
Chainalysis to cut jobs in latest crypto layoffs
Chainalysis, a company that specialises in tracking crypto transactions and the entities behind them, said it has made layoffs affecting less than 5 per cent of staff. The company, whose backers ...
New career conversion programme to re-skill 280 PMETs for Singapore’s furniture industry
A NEW scheme aims to re-skill up to 280 mid-career professionals, managers, executives and technicians (PMETs) for jobs in Singapore’s furniture industry, with salary support provided to employers.
Bitcoin jumps to highest since August in post-Fed crypto rally
BITCOIN hit the highest since August as investors interpreted Federal Reserve chair Jerome Powell’s comments about progress on inflation as a sign that a less harsh monetary policy backdrop lies ahead ...
Crypto Red Packets: A New Spin On A Thousand Year-Old Lunar New Year Custom
A new generation is celebrating Lunar New Year with crypto red packets Elastos is holding a competition and giving away Lunar New Year r ...
$28k in fines for two food importers over illegal import and sale of seafood and vegetables
One firm sold oysters from Canada before SFA was able to inspect, examine and certify the items. Read more at straitstimes.com.
ABB’s electric-vehicle charging business gets new investors including Singapore’s GIC
ABB’s electric-vehicle charging business has raised additional funds from minority investors including Porsche and General Atlantic in a second and final round before listing the division. Read more ...
Retail pop-up in New York to break into US market among efforts by Enterprise Singapore
A group of homegrown lifestyle brands are well on the way to cracking the tough United States market after a four-month retail pop-up staged in New York last year by Enterprise Singapore (EnterpriseSG ...
Firms to add S$17.8bn of value, 23,800 skilled jobs with Enterprise Singapore in 2022
SINGAPORE - Some 18,100 Singapore-owned enterprises worked with Enterprise Singapore (EnterpriseSG) to deepen their capabilities in productivity, innovation, and internationalisation in 2022. Read ...
Services sector’s business outlook dims for Q123
Sixteen (16%) per cent of firms foresee deteriorating business conditions. Firms in the services industry have become less positive about their business conditions in the first quarter of the year.
Crypto lender Celsius propped up token while two founders cashed out millions: US bankruptcy report
Celsius Network used investor money and customer deposits to prop up its own token, the report said. Read more at straitstimes.com.
Super-rich Chinese set their sights on Singapore
Singapore has seen a fresh influx of wealth since 2021 after it became one of the first Asian cities to significantly ease pandemic restrictions and as many Chinese became disillusioned with their ...
Crypto lender Celsius propped up its token, benefiting insiders – U.S. bankruptcy examiner
SINGAPORE/LONDON (Reuters) -Bankrupt crypto lender Celsius Network used investor money and customer deposits to prop up its own token, inflating its balance sheet while two of its founders cashed out ...