Total investment was only at $1.7b. Singapore’s fintech investment dropped to $1.7b (US$1.3b) in 2024, marking its lowest level since 2020, according to KPMG. The decline signals a market adjustment ...
Risk currencies, crypto hammered by Trump’s impending tariffs
Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday in risk-sensitive currencies such as the Aussie, sent bitcoin tumbling and gave ...
Iron ore set for monthly loss on China steel export concerns
Iron ore futures prices fell on Friday and were set for modest monthly losses, pressured by U.S. tariff concerns and mounting trade frictions against Chinese steel exports. The most-traded May iron ...
Singapore urged to cap F&B licenses amidst record closures
More than 3,000 restaurants folded up in 2024. The government should consider limiting the licenses issued to food and beverage (F&B) companies to stabilise the market after record closures in ...
Nearly half of IT leaders in Singapore struggle to spot phishing scams
Nearly half of Singaporean IT decision-makers (46%) struggle to distinguish legitimate emails from phishing scams, according to new research from KnowBe4. The study found that 72% mistakenly ...
Family disputes rock $18B City Developments empire of Singapore’s 4th richest man Kwek Leng Beng
Singaporean billionaire Kwek Leng Beng spent over 60 years building up the country’s biggest property developer City Developments Ltd, but an ongoing feud with his son Sherman is now shaking up his ...
Singapore Billionaire’s Scion Denies Board Coup, Blames Aide
The scion of Singapore’s richest real estate clan denied his father’s claim that he was leading a boardroom coup, saying the primary reason for the family dispute lies with a key adviser to the ...
Top 10 Crypto-Friendly Countries 2025: U.S., Canada, and Other Leading Nations
It's important to know the crypto-friendly countries where the best environment for the digital asset thrives. Find out the complete list, here.
Singapore Billionaire’s Scion Denies Board Coup, Blames Key Aide
The scion of Singapore’s richest real estate clan denied his father’s claim that he was leading a boardroom coup, saying the primary reason for the family dispute lies with a key adviser to the ...
3 men charged with fraud, cases linked to alleged movement of Nvidia chips from Singapore to China
Two Singaporeans – Aaron Woon Guo Jie, 41, and Alan Wei Zhaolun, 49 – were charged with criminal conspiracy to commit fraud on a supplier of servers. They allegedly made false representations in 2024 ...
Iron ore dips on Chinese export woes, but resilient demand limits losses
By Michele Pek SINGAPORE (Reuters) -Iron ore futures prices closed lower on Thursday, pressured by escalating tariff measures against Chinese steel, though solid demand for the steel-making ingredient ...
Experts share insights on dispute between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son
Analysts say City Developments Limited (CDL) remains stable despite a legal battle between chairman billionaire Kwek Leng Beng and his son, CEO Sherman Kwek, though corporate governance concerns ...
Singapore stocks gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance. Read more at straitstimes.com.
Maybank teams up with SME association to help firms expand in Johor-Singapore economic zone
Maybank saw a 250 per cent jump in SMEs’ inquiries and referrals about doing business in Johor. Read more at straitstimes.com.
Yangzijiang Financial mulls spin-off to strengthen Singapore presence
The profitability of Yangzijiang Financial's maritime segment may be even greater if it is a standalone entity, says executive chairman Ren Yuanlin ...
New directors at center of Singapore’s 4th richest billionaire Kwek Leng Beng’s dispute with son agree not to exercise power
Singapore-based property giant City Developments Limited’s two new directors, who are involved in the conflict between billionaire Kwek Leng Beng and his son, have agreed not to take further actions ...