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Tag: finance

Posted on 06/01/2024

At least 83 victims have lost $155,000 in DBS phishing scam since the start of January

In this scam variant, scammers would impersonate DBS bank through spoofed SMSes. Read more at straitstimes.com.

Posted on 06/01/2024

Marathon patriarch Ng Yoo Ay dies after six years in coma following car accident

His son believes that his sporting spirit will live on for generations to come. Read more at straitstimes.com.

Posted on 05/01/2024

Singapore-based companies to sign MoU worth S$5 billion with TN govt at GIM 2024

Singapore-based companies to sign S$5b MoUs with Tamil Nadu Government at Global Investors Meet 2024 in Chennai, creating 6,200 jobs.

Posted on 05/01/2024

9 Best Air Miles Credit Cards in Singapore (2024)

Ah, the air miles credit card. Clearly the most glamorous of all credit cards. Every time you use one, you’re reinforcing your image as a globetrotting, wanderlusting, jet-setter. But more importantly ...

Posted on 05/01/2024

At least 83 victims lost $155,000 in DBS phishing scam since the start of January

In this scam variant, scammers would impersonate DBS bank through spoofed SMSes. Read more at straitstimes.com.

Posted on 05/01/2024

Johor state govt proposes Iskandar Malaysia be designated special economic zone with Singapore

A memorandum of understanding on the SEZ is expected to be inked by both sides on Jan 11. Read more at straitstimes.com.

Posted on 05/01/2024

Singapore stocks snap 2024 losing streak as STI gains 0.3%

SINGAPORE - After being on a losing streak since the start of 2024, local stocks regained some bounce on Jan 5 amid mixed trading in the region. Read more at straitstimes.com.

Posted on 05/01/2024

Lazada S’pore retrenches staff at start of 2024 ahead of possible IPO, fails to notify union

Lazada, unionised under FDAWU, did not notify or consult FDAWU before it initiated a retrenchment exercise. FDAWU has since written to Lazada to express their disappointment, stating that such a move ...

Posted on 05/01/2024

OCBC Investment Research lowers Seatrium’s TP to 17.5 cents as offshore wind faces ‘stumbling blocks’

For the FY2023, the OCBC team is expecting Seatrium to report a patmi loss of $15.0 million. It is, however, expecting the group to turnaround to profitability with a patmi estimate of $127 million in ...

Posted on 05/01/2024

DBS: S-REITs will continue to be net outperformers in 2024

SINGAPORE: Singapore Real Estate Investment Trusts (S-REITs) marked a robust end to 2023, witnessing a... The post DBS: S-REITs will continue to be net outperformers in 2024 appeared first on The Inde ...

Posted on 05/01/2024

DBS lifts Bumitama Agri’s FY2023 earnings after 9MFY2023 earnings surpass expectations

In FY2023 ended Dec 31, 2023, the analyst forecasts an average selling price (ASP) of IDR10,584 (91 cents) per kg and earnings of IDR1.6 trillion, which is down by 43% y-o-y but 38% higher than his ...

Posted on 05/01/2024

Singapore Increases Goods and Services Tax for 2024

Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.

Posted on 05/01/2024

‘Green is not enough’: UOB chief sustainability officer on mainstreaming transition finance

While transition finance is becoming more well-accepted in Asia, UOB's Eric Lim says that clear sectoral and national regulatory guidance are needed to help companies publish high-quality ...

Posted on 05/01/2024

UOB Kay Hian keeps ‘overweight’ rating on ‘defensive’ S-REITs; blue chip S-REITs preferred

UOB Kay Hian analyst Jonathan Koh has kept his “overweight” rating on Singapore REITs (S-REITs) after interest rates seem to have peaked. The US Federal Reserve has paused its rate hikes for the third ...

Posted on 04/01/2024

T-bills in Singapore: What it is, how to buy and the latest cut-off yield (9 January 2024)

The latest six-month Treasury Bills (T-bills) to be issued on 9 January 2024 had a cut-off yield of 3.74 per cent per annum, and the cut-off price was 98.135. With a S$12.8 billion applied amount, the ...

Posted on 04/01/2024

Lazada axes Singapore staff amid speculation of upcoming IPO

SINGAPORE - Regional e-commerce company Lazada on Jan 3 laid off an undisclosed number of its Singapore staff. In response to queries from The Straits Times, a Lazada spokesman said: “We are making ...

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