Singapore’s economy had a bigger contraction in the second quarter than previously estimated, signaling a long recovery ahead for the trade-reliant nation.Gross domestic product plunged an annualized ... ( read original story ...)
Singapore Downgrades Second Quarter GDP as Lockdown Measures Hurt
Gross domestic product (GDP) fell 13.2% year-on-year in the second quarter, the ministry of trade and industry said on Tuesday, versus the 12.6% drop seen in the government's advance estimate. ( read original story ...)
Singapore’s economy contracted 13.2% on-year in the second quarter — worse than advance estimates
The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. ( read original story ...)
Temasek drops $3 billion bid for Singapore’s Keppel Corp
Singapore's Temasek Holdings has decided to drop its $3 billion conditional offer for conglomerate Keppel Corp after invoking a material adverse change (MAC) clause. ( read original story ...)
World’s tallest prefab skyscrapers will rise in Singapore — but they’re being built in Malaysia
A pair of skyscrapers are set to become the tallest prefabricated buildings in the world. And while the two 192-meter-tall (630 feet) towers will rise in densely populated Singapore, large parts of ... ( read original story ...)
World’s tallest prefab skyscrapers will rise in Singapore
A pair of skyscrapers are set to become the tallest prefabricated buildings in the world. And while the two 192-meter-tall (630 feet) towers will rise in densely populated Singapore, large parts of ... ( read original story ...)
Singapore charges Wirecard agent with falsification of accounts
A Singaporean businessman with multiple ties to Wirecard has been charged with falsification of accounts, marking the first set of charges issued by the city-state since it kicked off an investigation ... ( read original story ...)
Sun Life Opens Singapore Office, Looks for Acquisitions in Asia
Sun Life Financial Inc. has opened an office in Singapore and is looking for more acquisitions in Asia as the Canadian insurer expands its footprint in the region. ( read original story ...)
Singapore Police Bring First Charges Linked to Wirecard
Singapore police brought their first criminal charges against an individual linked to the suspected fraud at Wirecard AG, the one-time German technology star that collapsed at the end of June after ... ( read original story ...)
Genting Singapore shares fall 4.9% after $163 million Q2 loss
Shares of Genting Singapore tumbled 4.9 per cent on Friday (Aug 7), after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.. ( read original story ...)
Singapore Company Director Charged Over Wirecard Scandal
A company director has been charged in Singapore with falsifying letters linked to scandal-hit German payments giant Wirecard, according to court documents, as the fallout from the firm's collapse ... ( read original story ...)
Singapore Charges Man for Falsifying Letters in Wirecard Case
Singapore has laid its first charges in the Wirecard AG scandal, accusing a director of Citadelle Corporate Services Pte of falsifying accounts. ( read original story ...)
Singapore lender OCBC Q2 profit slumps 40%, hurt by loan-loss provisions
Chinese Banking Corp reported a larger-than-expected 40% tumble in quarterly net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity. ( read original story ...)
Singapore lender DBS profit skids 22% but pandemic-hit business steadying
DBS Group's quarterly profit slumped by a fifth as it boosted loan-loss provisions in pandemic-hit markets, but Southeast Asia's top lender said bad loans were steady and fee income was rising as ... ( read original story ...)
Singapore Virus Cases to Fall as Worker Dorms Almost Cleared
The number of new Covid-19 cases in Singapore is set to fall after the city-state nears clearing its migrant worker dormitories of the virus, paving the way for 90% of these laborers to return to work ... ( read original story ...)
Singapore Exchange Regulator Seeks More Power to Sanction Firms
Singapore Exchange Ltd.’s regulatory arm wants to beef up its enforcement powers, as it seeks to deter wrongdoing at a time when companies face financial pressure from the coronavirus pandemic. ( read original story ...)