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Tag: finance

Posted on 08/01/2025

Micron’s $9.5b chip plant in Woodlands to drive Singapore’s AI growth, create up to 3,000 jobs

Singapore can be expected to play a larger role in developing complex artificial intelligence (AI) applications when Micron's new $9.5 billion high-bandwidth module (HBM) advanced packing facility in ...

Posted on 08/01/2025

Over 8,700 bank customers saved from losing $73m to conmen due to joint effort by police and 6 banks

This was the six joint operation in 2024 between the police and the banks to combat scams. Read more at straitstimes.com.

Posted on 08/01/2025

KPMG and SID prioritise innovation and green transition for Singapore businesses in Budget 2025 proposal

A central focus of the proposal is advancing sustainability, with a call for businesses to adopt greener practices through the establishment of national frameworks, grants, and detailed reports.

Posted on 08/01/2025

Overall softness in Singapore retail sector, but premium groceries hold long-term prospects: DBS

DBS Group Research has identified DFI Retail Group and Thai Beverage (ThaiBev) as the top stock picks within the Singapore retail sector for positive near-term business outlook with added corporate ...

Posted on 08/01/2025

DBS shares reach S$45 for the first time

Shares of Singapore’s biggest bank DBS soared to S$45 for the first time on Wednesday (Jan 8). Read more at The Business Times.

Posted on 08/01/2025

Malaysia-Singapore economic zone to offer tax rates as low as 5%

The Johor-Singapore Special Economic Zone is nearly twice the size of Shenzhen, whose success it is hoping to emulate.

Posted on 08/01/2025

Johor-Singapore economic zone seen attracting regional firms: OCBC

OCBC has welcomed the signing of the Johor-Singapore Special Economic Zone agreement by Malaysia and Singapore.

Posted on 08/01/2025

Singapore Bourse Due For Consolidation

The Singapore stock market has moved higher in four straight sessions, gathering more than 40 points or 1 percent along the way. The ...

Posted on 08/01/2025

Micron Breaks Ground on New HBM Advanced Packaging Facility in Singapore

Approximate $7 billion investment over the next several years to meet AI data center demandSINGAPORE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: MU) broke ground today on a new High-Bandwidth Memory ...

Posted on 08/01/2025

Johor-Singapore SEZ: ‘Build-as-they-invest’ model prudent but businesses raise concerns over infrastructure delays, red tape

Malaysia’s Economy Minister Rafizi Ramli has told reporters that infrastructure for the special economic zone in Johor will be developed on a “project-by-project” basis, while Malaysia would fund ...

Posted on 08/01/2025

HSBC clinches Citi banker to head int’l wealth hub in Singapore

Chin brings 22 years of experience in wealth management and retail banking. HSBC has appointed Jil Chin as head of international wealth hub for Singapore. Chin joined the bank on 6 January 2025. Chin ...

Posted on 07/01/2025

Planning to Increase Your Dividends for 2025? These 4 Singapore Stocks Should Do the Trick

With dividends constituting an attractive passive income stream, here’s how you can increase them in the New Year. The post Planning to Increase Your Dividends for 2025? These 4 Singapore Stocks ...

Posted on 07/01/2025

Landmark Johor-Singapore SEZ pact signed: 100 projects, 20,000 jobs, investments across 11 sectors

PUTRAJAYA] In a landmark move to strengthen economic ties, Singapore and Malaysia have agreed to drive investments in 11 key sectors including manufacturing, logistics and energy, with plans to expand ...

Posted on 07/01/2025

Singapore empowers police to freeze bank accounts in scam crackdown

Singapore passed a new law on Tuesday allowing police to freeze bank accounts of scam victims as a "last resort" measure to prevent further losses. The law empowers police to issue restriction orders ...

Posted on 07/01/2025

Singapore Passes Bill Empowering Police to Protect Scam Victims

Singapore’s parliament has passed a law allowing the police to control the bank accounts of individuals who are suspected to be the targets of scams.

Posted on 07/01/2025

HSBC appoints former Citibank wealth management director as new head of international wealth hub for Singapore

In her new role, Chin will oversee the scaling of HSBC’s offshore business through new client growth, deepening client relationships and fostering stronger cross-border collaboration.

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