We look at the latest GDP reading for Singapore and tally up the sales numbers for electric vehicle manufacturer BYD. The post Top Stock Market Highlights of the Week: Singapore’s GDP, US Federal ...
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.
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.
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.
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 ...
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.
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 ...
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 ...
Singapore’s S$500 CDC vouchers 2024: Who is eligible, how to claim, and more
Each Singaporean household can claim S$500 in CDC Vouchers 2024. Of this, $250 can be spent at participating heartland merchants and hawkers, and the other S$250 can be spent at participating ...
Here’s Why SGX-Listed OCBC is UOB’s Top Banking Pick for 2024
SGX-listed Oversea-Chinese Banking Corp. Ltd. (SG:O39), or OCBC, has won the accolade of UOB Kay Hian analyst Jonathan Koh as the top banking pick ...
Lazada cuts staff amid speculation of upcoming IPO
Lazada declined to disclose how many in Singapore and South-east Asia were affected and whether they got a severance package. Read more at straitstimes.com.
Singapore’s investment outlook in 2024 unlikely to be hurt by Significant Investments Review Bill
GLOBAL economic uncertainty aside, one question for Singapore’s foreign investment outlook in 2024 is a proposed law to scrutinise significant investments in critical entities. Read more at The ...
Singapore stocks end lower in first 2024 session; STI down 0.3%
SINGAPORE stocks started 2024 weaker amid mixed trading across the region. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.32 points to close at 3,229.95 on Tuesday (Jan 2). Shares of ...
Singapore Stock Market on sale! Analysts say it’s severely undervalued
SINGAPORE: Insiders said that the Singapore stock market is severely undervalued, supported by metrics such... The post Singapore Stock Market on sale! Analysts say it’s severely undervalued appeared ...
UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle
UOB Kay Hian analyst Jonathan Koh has downgraded the Singapore banking sector to “market weight” amid an upcoming interest rate downcycle. The US Federal Reserve has paused its rate hike for the third ...
Singapore dollar has chance of three-peat on inflation fight
The Singapore dollar beat out all its Asian counterparts in each of the past two years. The chance of leading the region for a third straight year rests with the central bank.