SINGAPORE - Although DFI Retail Group has decided to offload its Singapore supermarket business to focus on other more lucrative businesses, the new owners of Cold Storage and Giant see new ...
Two veteran public servants to retire; new permanent secretary for finance from May 1
Mr Jeffrey Siow, second permanent secretary at the trade and industry, and manpower ministries, will retire on April 2 after 24 years in the public service, the Public Service Division (PSD) said in a ...
Malaysia’s Public Bank heiress buys Singapore good class bungalow for $93.9m
The $93.9 million purchase of a good class bungalow under construction in the city-state’s Tanglin Hill area was completed in February, according to property records seen by Bloomberg News. It was ...
Singapore stocks track regional gains on Tuesday; STI up 0.5%
SINGAPORE stocks ended higher on Tuesday (Mar 25), tracking gains in the region. Read more at The Business Times.
UOB CEO Wee Ee Cheong’s 2024 pay down 5.5% at S$15 million despite record net profit
[SINGAPORE] UOB chief executive officer Wee Ee Cheong’s annual salary for 2024 dipped, despite the bank reporting a record net profit for the full year. Wee, who is also deputy chairman of the bank, ...
Trump outsources ‘Made-in-America’ investments to Singapore crypto firm
The US president’s Trump Media & Technology Group says it plans to work with Singapore-based Crypto.com on exchange-traded funds.
Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usual
SINGAPORE] Around S$500 million in net withdrawals were made by Chocolate Finance’s customers – slashing the firm’s assets under management (AUM) by some 40 per cent – amid a “bank run” over the past ...
Banking scion buys US$70 million mansion, breaking a Singapore record
A Singapore luxury mansion has been purchased at a record price per square foot by a scion of the family which backs one of Malaysia’s largest banks.
HSBC CEO to double down in Asia, Middle East after exits
HSBC Holdings expects to double down on investment banking operations in Asia and the Middle East after exiting key business in Europe and the US, CEO Georges Elhedery said.
StanChart boosts private credit presence with new hires in India
SINGAPORE] Standard Chartered (StanChart) is bolstering its private credit business with three new hires in India, said Henrik Raber, global head of global banking. Read more at The Business Times.
Singapore faces the region’s best in Asian U20 Water Polo Championships
SINGAPORE: Singapore will be competing for regional supremacy as it welcomes Asia’s best young water polo team when it hosts the Asian U20 Water Polo Champion ...
Most Common Scams in Singapore In 2024 – How Singaporeans Can Protect Themselves
E-commerce scams, job scams, phishing scams and investment scams had the most case reports in 2024. Almost 44% of cases resulted in losses of more than $2,000.
New DBS CEO Tan Su Shan keen on ‘bolt-on’ acquisitions rather than large-scale M&As
Ms Tan will focus on boosting the bank's high-return businesses like wealth and transaction banking. Read more at straitstimes.com.
Singapore will maintain open economy, invest in maritime sector to be more efficient: SM Lee
Singapore will maintain an open economy and foster the growth of international trade while doubling down on its maritime sector to be more efficient, competitive and trusted. Senior Minister Lee Hsien ...
Singapore’s Temasek seeks CCI nod to acquire 10 pc stake in Haldiram
Singapore's sovereign wealth fund Temasek Holdings has sought approval from the Competition Commission of India (CCI) to acquire about 10 per cent stake in Haldiram Snacks Food ...
HSBC Global Private Banking Expands Southeast Asia Coverage
HSBC Global Private Banking (GPB) has made a strategic appointment within its Southeast Asia leadership team, naming a new head to oversee both the Philippines and Japan desks.