Local firms are now paying up to 50 per cent more to ship goods by air instead of sea, in order to avoid months of shipping delays.
Port of Singapore congestion raising spot market prices, report finds
Port congestion in Southeast Asia is creating an imbalance of equipment, raising both local and global spot market pricing, according to a report by AlixPartners. The post Port of Singapore congestion ...
Singapore’s Temasek doesn’t rule out high-carbon investments on road to net zero
Singapore state fund Temasek will consider investing in fossil fuel and other carbon-intensive projects if they make environmental as well as commercial sense, it said on Tuesday, even as it aims to ...
Singapore state investor Temasek to focus on early adopters of AI in the U.S.; cautious on China
The state investor forecasts that the U.S. will still be the largest destination for its capital, although it is also looking to increase its focus to India and Japan.
Banks in Singapore phasing out OTP login for digital token users to combat scams
Major banks in Singapore will begin phasing out the use of one-time passwords (OTP) for bank account logins by customers who are digital token users. These banks include DBS, OCBC and UOB. The move, ...
Singapore Container Ship Logjam Spills Over to Malaysian Port
Container ship congestion in Singapore, one of Asia’s busiest ports, is spreading to neighboring Malaysia, snarling supply chains and causing delays in the movement of consumer goods.
Google reveals that Singapore is the country with the most searches for ‘travel’ in the past 12 months
The results also showed that Singapore is one of the top 10 countries searching for forest bathing experiences.
Singapore minister says future without international AI framework ‘messy’
Singapore's digital development minister Josephine Teo said the future looks "messy" without an internationally agreed upon framework for artificial intelligence (AI) governance.
Temasek-backed 65 Equity Partners invests in Singapore’s Hi-P International
Temasek-backed 65 Equity Partners has invested S$100 million ($74.15 million) into Singapore-headquartered regional advanced manufacturing service company Hi-P International, the latter company said in a statement on Tuesday.
Quah Ting Wen’s omission from Paris Olympics squad confirmed after World Aquatics rejects Singapore’s appeal
SINGAPORE: Swimmer Quah Ting Wen will not be part of Singapore's swimming squad at the upcoming Paris Olympics, the sport's national governing body Singapore Aquatics (SAQ) confirmed on Monday (Jul 8).
Volt Singapore to operate big EV charging hub
Volt Singapore was awarded a contract to implement and operate a public EV fast-charging hub at Jalan Papan by Setsco Services Pte Ltd (Setsco), a wholly owned subsidiary of VICOM Ltd (VICOM). Setsco ...
‘Disgusted’ Singapore TikTokker exposes sexual photo shoot recruitment scheme
Lai Yi Jing, 21, said she was offered nearly US$9,000 to appear in a photo shoot with 50 men performing a sexual act.
MOM Singapore reinforces consequences facing employers for failure or delay in issuing itemised pay slips
In the event of any repeat offenders, MOM will issue caution letters and, if needed, impose an administrative penalty of up to S$400 per repeated infringement.
Equity products top choice for Singapore investors amid Fed rate cut expectations: Fidelity International
About 47% of the investors polled are planning to decrease their cash holdings to deploy capital into other investment products.
Singapore stocks decline at Monday’s open; STI down 0.2%
SINGAPORE shares edged lower at the opening bell on Monday (Jul 8), maintaining a downtrend from Friday’s closing in the prior week. As at 9.01 am, the Straits Times Index (STI) fell 5.77 points or ...
Citi’s Singapore Workforce Shrinks by 500 Amid Global Restructuring, ST Says
Citigroup Inc.’s workforce in Singapore has shrunk by about 500 people amid a global restructuring planned by the Wall Street giant, the Straits Times reported Monday. It currently has 8,000 full-time ...