Wealth-management group iFast Corp. posted a 37.5 percent slide in profit before tax for the year to March 31 as poor financial markets and investments for growth take their toll. Singapore-based ... ( read original story ...)
Apple recalls plugs in UK, Hong Kong and Singapore
Apple has asked customers to stop using certain plug adapters because of a risk of electric shock. It has issued a recall of two types of plug; the AC wall plug adapter shipped with Macs and some iOS ... ( read original story ...)
Singapore March manufacturing output down 4.8 pct y/y, as expected
SINGAPORE, April 26 (Reuters) - Singapore’s industrial production in March fell from a year earlier as expected due to a plunge in electronics output, data showed on Friday. Manufacturing output in ... ( read original story ...)
Singapore’s Economy Will Slow in 2019, Says Central Bank
Singapore’s economy will slow in 2019, reflecting a weakening in key trading partners and a further cooling of the electronics sector, the central bank said. The city state is set to expand slightly ... ( read original story ...)
Singapore morning news for April 26
GLP Pte, the Singapore-based developer of logistics properties, is planning an initial public offering for its U.S. operations that could raise about $3 billion, people with knowledge of the matter ... ( read original story ...)
COMMENT: Singapore’s online falsehoods bill will deepen culture of self-censorship
Singapore’s proposed legislation against online falsehoods is probably the world’s boldest and most elaborate attempt to regulate disinformation since “fake news” hit the top of the global agenda ... ( read original story ...)
After Hyflux’s Fall, Singapore Debt Buyers Are Scrutinizing These Firms
The collapse of Singapore’s water treatment firm Hyflux Ltd. has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency. More defaults could occur as ... ( read original story ...)
AI could displace banking jobs in Singapore
Forty financial services job roles in Singapore are set to be highly impacted — either through role convergence or displacement — by robotic process automation, advanced analytics, and AI, per an ... ( read original story ...)
Activist Fund Urges Singapore REIT Merger to Boost Value
(Bloomberg) -- Two Singapore REITs are being urged to join the wave of consolidation ... Quarz said in a letter to the board of Ascendas Hospitality and obtained by Bloomberg News. “Despite its prime ... ( read original story ...)
Singapore bowlers enjoy 4-gold harvest at Asian Youth Championships
SINGAPORE — Singapore's national youth bowlers enjoyed a bumper gold harvest at the Asian Youth Tenpin Bowling Championships in Kuching, snaring all four golds at stake on Tuesday (23 April) – both ... ( read original story ...)
Binance Singapore Launches But Offers Just One Trading Pair, Report
Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features. Users of the platform are only able to ... ( read original story ...)
Shaving Milliseconds Off Currency Trades Could Make Singapore Billions
(Bloomberg) -- Singapore is grabbing a sub-second opportunity to win a bigger slice of the world’s $5.1 trillion-a-day foreign exchange market. The Southeast Asian nation is encouraging major ... ( read original story ...)
Binance Singapore goes live and only supports bitcoin
Binance, the largest exchange by traded volume, has launched its third fiat-to-crypto exchange; this time in Singapore following exchanges in Uganda and Jersey. The fiat-to-crypto exchange will ... ( read original story ...)
Singapore PM promotes likely successor in Cabinet reshuffle
Singapore Prime Minister Lee Hsien Loong has named a deputy in a Cabinet reshuffle, in a possible indication of his successor. His office said Tuesday that Heng Swee Keat would be promoted to deputy ... ( read original story ...)
Singapore morning news for April 24
Singapore’s Finance Minister Heng Swee Keat was promoted to deputy prime minister on Tuesday, a move that further positions him to succeed Prime Minister Lee Hsien Loong. The president of the National ... ( read original story ...)
Short Seller Bonitas Targets Singapore’s Best World, Sending Shares Lower
(Bloomberg) -- Best World International Ltd. plunged to its lowest in six months after activist short seller Bonitas Research published a report questioning the company’s accounting and sales. The ... ( read original story ...)