Mr Powell is expected to make his first Congressional appearance since US President Donald Trump’s inauguration after the Singapore market closed on Feb 11. Markets expect the semi-annual testimony to ...
Trump tariffs are ‘punitive,’ former U.S. ambassador to Singapore says, warning of U.S. job losses
Lavin said that “we’re in for a bit of bad news in the near term,” adding that the tariffs will also hurt the auto industry in the U.S.
11,000 employers on Iras auto-inclusion scheme failed to file on time in 2024
SINGAPORE – Some 11,000 employers or one in 10 on the tax authority’s auto-inclusion scheme (AIS), which allows employees to enjoy pre-filled tax returns, missed the deadline in 2024. This caused ...
Singapore Dollar Weakens Amid Rising Global Trade Tensions
The Singapore dollar weakened against its U.S. counterpart amid rising global trade tensions that typically undermine risk appetite.
HSBC buys stake in Singapore EV charging operator SP Mobility
THE asset management arm of HSBC has acquired a stake in Singapore electric vehicle (EV) charging point operator SP Mobility. A joint statement issued on Tuesday (Feb 11) did not elaborate on the size ...
Pay with crypto to party and travel? Some younger consumers prefer this, but growth is slow
Some merchants are looking to ride on the crypto payments wave but analysts say the pick-up is slow. Read more at straitstimes.com.
Singapore shares rise on Tuesday; STI up 0.3%
SINGAPORE shares began Tuesday (Feb 11) trading in positive territory with markets abroad ended Monday clocking wins as the threat of steel and aluminium tariffs promised by US President Donald Trump ...
Manulife names Benoit Meslet as new Singapore CEO as insurer reshuffles Asia leadership team
Mr Meslet takes over from Mr Khoo Kah Siang on June 1, pending regulatory approval. Read more at straitstimes.com.
Daily Cuts – Budget 2025: A wish list from Singapore households, families
Rising costs of living and healthcare, and a hope for wage boosts are top of mind for Singaporeans as they prepare to receive the Budget Speech from Prime Minister and Finance Minister Lawrence Wong.
Hong Kong’s Patient Approach to Regulating Crypto Will Pay Off: LegCo’s Duncan Chiu
Devising clear rules for the industry is important, but it can also help to wait for others to move first, argues Chiu.
Illicit crypto volume drops in 2024, but use in terrorist financing up: Report
Report says final estimate for 2024 illicit volume will most likely be well above its estimated US$45b. Read more at straitstimes.com.
Crypto Heist: WazirX Completes Rebalancing Of Assets
Hacked crypto exchange WazirX has completed rebalancing of net liquid assets on the platform as part of a restructuring scheme, which will potentially allow users to receive stolen crypto as early as ...
Singapore releases new emissions targets for 2035, on track to reaching net zero by 2050
Singapore on Monday (Feb 10) committed to reduce its greenhouse gas emissions to between 45 and 50 million tonnes by 2035, down from around 60 million tonnes in 2030. Read more at The Business Times.
Room for Singapore-listed companies to improve anti-corruption disclosure: NUS study
The average overall anti-corruption disclosure score for Singapore-listed companies was 63 per cent. Read more at straitstimes.com.
Manulife appoints new Singapore CEO amid leadership shake-up in Asia
INSURER Manulife has appointed Benoit Meslet, the current chief executive officer of its Japan office, to head its Singapore division. Read more at The Business Times.
Singapore puts pressure on employers to drive OMIP’s success; strict new guidelines unveiled
The first safeguard requires employers to submit a business growth or transformation plan, demonstrating how the overseas posting aligns with the company’s global expansion strategy. Additionally, ...