The interest rates offered by banks of 12-month fixed deposits are now at the highest in almost 24 years. SINGAPORE: Fixed deposit rates in Singapore have been on the rise, with some hitting levels ... ( read original story ...)
Asia Innovations SPAC Listing: Based In Singapore, But Made In China
Asia Innovations Group Ltd. announced it would make a backdoor listing in New York using a SPAC called Magnum Opus Acquisition Ltd. Click here to read more. ( read original story ...)
Homeowners in shock after DBS, OCBC & UOB hike home loan fixed interest rate
Some homeowners who opted for a bank loan to finance their mortgage have been left in shock after the three major local banks announced yesterday (Oct 4) that the fixed interest rate for housing loans ... ( read original story ...)
Singapore stocks index is developed markets’ sole winner
SINGAPORE: As stagflation concerns mar the outlook for the world’s biggest developed markets, shares in a small Asian city-state Singapore’s Straits Times Index has eked out gains of about 1% in 2022, ... ( read original story ...)
Multibagger IPO: Singapore-based FPI raises stake in this small-cap company
Within a fortnight, this is for the second time when Singapore-based FPI has bought stake in this small-cap BSE listed company. On 21st September 2022, Nav Capital VCC- Nav Capital Emerging Star Fund ... ( read original story ...)
Credit Suisse sees another departure as Hong Kong-based managing director leaves for HSBC
Credit Suisse has become a poaching ground for rivals recently, with the bank struggling to contain the fallout of a series of scandals Read more at straitstimes.com. ( read original story ...)
Dong to weaken in next 12 months: UOB forecast
Singapore’s United Overseas Bank expects the dong to slip to VND24,300 to the dollar by the third quarter of next year. ( read original story ...)
Singapore stock index only winner among developed markets this year
"Until the Fed slows or pivots, developed markets probably won't catch up" with Singapore, said Daniel Dubrovsky, strategist at DailyFX. The market is focused on the ... Shares of DBS Group Holdings, ... ( read original story ...)
Money Mind – S2E21: 5 things you need to know about why Singapore is a millionaire magnet | EP 21
A migration of millionaires is taking place – and for many, the destination of choice is Singapore. What do they bring to the local economy, and could a wealth tax slow down the momentum? Sona Remesh ... ( read original story ...)
More than S$8 billion invested in Singapore’s start-up scene in first half of 2022 | Video
Start-up investment in Singapore has grown exponentially each year since 2017, even through the COVID-19 pandemic. The billions invested – including more than S$8 billion in the first half of 2022 – ... ( read original story ...)
SoftBank makes no Arm investment proposal to Samsung-report
A journalist raises her hand to ask a question to Japan's SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-H ... ( read original story ...)
Thai economy set to grow 3.0 to 3.5% this yr, baht to boost exports – Finance Minister
Labourers work at a garment factory in Bangkok, Thailand, May 30, 2016. REUTERS/Athit Perawongmetha/File Photo ... ( read original story ...)
This Singapore Based Accelerator and VC Is Raising a $100M to Catalyze the Growth of Web3 by Investing into Infrastructure
The founding partner of LongHash Ventures discusses its Fund II and why people should care about the crypto landscape. ( read original story ...)
Former finance executive jailed for forging almost S$100,000 in company cheques to get ‘easy money’
A 38-year-old woman was sentenced to two years and two months' jail on Wednesday (Oct 5) for siphoning almost S$100,000 from her employer by putting her own name as the payee on several company ... ( read original story ...)
US pharma giant’s investment in S’pore will reinforce drugs supply chain, boost new vaccine production
SINGAPORE - MSD's new investment here will put Singapore at the heart of its revamped global supply chain from where the US drugmaker will produce and distribute its latest innovative medicines and ... ( read original story ...)
Credit Suisse’s deputy head of Asia wealth business resigns
The deputy head of Credit Suisse's Asia-Pacific wealth management business Young Jin Yee has resigned, according to a company memo reviewed by Reuters and confirmed by a spokesperson for the Swiss ... ( read original story ...)