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.
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 ...
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 ...
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 ...
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.
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.
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 ...
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 ...
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 ...
Liquidators of Hin Leong, top creditor HSBC seeking repayment in civil suit
THE court-appointed liquidators of beleaguered oil trader Hin Leong Trading, as well as its largest creditor HSBC, are seeking US$3.5 billion from the company’s founder Lim Oon Kuin (better known as ...
7 Singapore companies on Forbes Asia’s Best Under A Billion 2023 list
SINGAPORE — Seven Singapore companies made it to this year's Forbes Asia's Best Under A Billion list. The annual list, released on Thursday (10 August), highlights 200 small and midsized publicly ...
TVS Supply Chain Solutions IPO: Subscription Opens TODAY! Check Latest GMP, Allotment, Lisiting Dates, Price Range – All Details
The TVS Supply Chain Solutions IPO is a book Built Issue with a total issue size of Rs 880 core. The price range of the IPO is Rs 187 to Rs 197 per share and the IPO will list on BSE and NSE.
Singapore’s OK Lim faces liquidators, banks in US$3.5 bil case
Hin Leong’s liquidators are PricewaterhouseCoopers LLP’s Chan Kheng Tek and GTP Advisory PAC’s Goh Thien Phong.
Singapore Chess Federation ex-treasurer awarded S$120,000 in defamation suit over sexual misconduct allegation
Mr Jasmin Nisban’s lawsuit arose from efforts by others to oust the chess body’s president and executive council in 2015, following a shock election result.
‘A fighting chance’: IPO-bound Mirxes on why it chose Hong Kong over Singapore
IN THE days after cancer diagnostics startup Mirxes announced it applied to Hong Kong’s stock exchange for an initial public offering (IPO), executives at the company were flooded with questions about ...
SGX RegCo revises listing rules for life sciences IPO aspirants
Mainboard life sciences IPO aspirants need not show revenue yet but are to have a market cap of at least $300 million ...