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Tag: finance

Posted on 11/08/2023

Lim Tean advocates for Tan Kin Lian: A visionary leader for Singapore’s Presidency

In his speech at Mr Tan Kin Lian's launch of his presidential bid, Mr Lim Tean passionately championed the need for a truly Independent President. Highlighting Mr Tan Kin Lian's unique credentials and ...

Posted on 11/08/2023

DBS & POSB showcase heartwarming film that highlights positive community impact for Singapore’s National Day

DBS/POSB have produced a seven-minute short film that aims to shine a spotlight on positive community impact for Singapore’s National Day. Titled ‘Just Next Door’, the sentimental film is inspired by ...

Posted on 11/08/2023

Singapore Red Cross now accepts crypto donations

Singapore Red Cross has started accepting donations in the ... all crypto donations will be converted into fiat currency and settled via bank transfer within one business day. “By accepting digital ...

Posted on 11/08/2023

Citigroup names Singapore-based Gunjan Kalra head of Asia-Pac commercial bank operations

CITIGROUP has appointed a veteran of more than 20 years to lead its Asia-Pacific commercial bank operations from Singapore, as it hires for the business in the region. Read more at The Business Times.

Posted on 11/08/2023

DBS downgrades Prime US REIT on high gearing, refinancing risks, falling occupancy

DBS Group Research has downgraded Prime US REIT OXMU -1.53% to “hold” following its results for 1HFY2023 ended June, citing high gearing, refinancing risks and declining occupancy among the US office ...

Posted on 11/08/2023

Singapore Q2 GDP revised lower as 2023 outlook dims

Investing.com-- Singapore’s economy grew less than initially expected in the second quarter, official data showed on Friday, with the government also positing a weaker outlook for 2023 as a ...

Posted on 11/08/2023

Genting Singapore Shares Rise as Profit Soars

By Ying Xian Wong Genting Singapore shares rose early Friday after its first-half earnings more than tripled. Shares of the casino operator jumped 4.3% ...

Posted on 11/08/2023

Singapore narrows 2023 growth forecast on ‘weak’ external demand

The growth forecast was trimmed to between 0.5% to 1.5%, from an earlier range estimate of 0.5% to 2.5%, the Ministry of Trade and Industry on Friday.

Posted on 11/08/2023

Singapore downgrades GDP outlook, avoids recession

Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in the second quarter, with weak global demand a key drag on its trade-reliant economy. Goss ...

Posted on 11/08/2023

Singapore’s full-year growth forecast narrows to 0.5-1.5%, Q2 growth revised lower

SINGAPORE’S official full-year growth forecast for 2023 has been narrowed to 0.5 per cent to 1.5 per cent, down from 0.5 per cent to 2.5 per cent, as the external demand outlook for the rest of the ...

Posted on 11/08/2023

Singapore stocks open Friday lower after revised growth forecast; STI down 0.2%

SINGAPORE shares slipped at the opening bell on Friday (Aug 11), after the Ministry of Trade and Industry narrowed its official full-year growth forecast for 2023, citing a weak external demand ...

Posted on 11/08/2023

Singapore billionaire, Lim Oon Kuin accused of brazen fraud by HSBC: ‘must be held accountable’

HSBC Holdings Plc said it was deceived by oil tycoon Lim Oon Kuin and his children as civil lawsuits brought by the bank and liquidators of his collapsed fuel trading empire kicked off in Singapore.

Posted on 11/08/2023

Singapore-based solar company to bring manufacturing plant, 1,800 jobs, to Albuquerque

A Singapore-based solar company will be bringing an estimated $1 billion investment and 1,800 jobs to Albuquerque.

Posted on 11/08/2023

Singapore-Based DigiFT Launches Regulatory-Compliant US Treasury Token

DigiFT, a digital asset decentralized exchange (DEX) based in Singapore, launched DigiFT US Treasury Token (DUST) – “the first fully regulatory-compliant U.S. Treasury token issued on a public ...

Posted on 10/08/2023

HSBC accuses S’pore oil tycoon of brazen fraud

“It is HSBC’s case that it has been a victim of brazen fraud perpetrated by the defendants,” the bank’s lawyers said in an opening statement, adding the Lims cheated various banks into extending ...

Posted on 10/08/2023

OCBC app new security feature prompts users to delete unofficial 3rd party apps, bank says no breach in privacy

Before OCBC rolled out the new security update, they would have at least one reported case of malware from third-party apps that led to users having their bank accounts drained. Chua stated that since ...

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