UOBKH's Jonathan Koh has reduced his FY2024 DPU estimates by 1.8% on average. His TPs, however, have been raised by 3.5%.
DBS ‘optimistic’ about ‘buoyant growth’ in 1H2023, but sees ‘potential slowdown’ in ‘uncertain’ 2H2023
Assuming there will be no mutation of variants causing renewed outbreaks and restrictions, a complete unwinding of Covid-related restrictions in 2H2023 is highly probable – and it will serve as a ...
Singapore stocks slip ahead of US inflation report; STI down 0.1%
THE Straits Times Index (STI) dipped 0.1 per cent or 3.73 points to 3,267.78 on Thursday (Jan 12), as the trio of Singapore banks stuttered ahead of the release of US inflation data. Read more at The ...
Singapore fuel oil stocks dip despite fourth weekly rise in net imports
Residual fuel oil stocks at key trading hub Singapore dropped 2% from the previous week to hit a four-week low despite net imports rising for a fourth consecutive week, official data showed on ...
Aussie billionaire urges overhaul of collapsed mega project to send solar power to Singapore
The A$30 billion project collapsed after Iron ore magnate Andrew Forrest split with another billionaire over funding plans. Read more at straitstimes.com.
Molecular Group announce the establishment of its new investment company XMG Capital in Singapore
Chainwire Molecular Group, a leading investment firm based in Hong Kong, is pleased to announce the establishment of its new investment company, XMG Capital. Located in Singapore, a hub for the ...
Jail for man linked to scam where retiree’s life savings of $1m were transferred to other bank accounts
Dickson Jong recruited a man whose bank account was used to receive about $250,000 of the victim’s money. Read more at straitstimes.com.
Eastspring names deputy regional CEO for Asia
Eastspring Investments, Prudential’s asset management business, has appointed Faizal Gaffoor as deputy regional chief executive officer and head of products and partnerships in Asia.
Jail for man linked to case where elderly woman was scammed of S$1 million in CPF savings
SINGAPORE: A man linked to the case of a 75-year-old retiree who lost S$1 million from her Central Provident Fund in life savings was sentenced on Thursday (Jan 12). Dickson Jong Chee Siang, 29, was ...
“Uncle cut queue at OCBC bank, staff did nothing to deescalate situation” — Netizens react when customer confronts uncle
A video of an uncle cutting a queue at a bank and staff allegedly doing nothing about it has gotten many Singaporeans talking online. Many have called out his inconsiderate behaviour. On Tuesday (Jan ...
CNY Ang Bao Rates in Singapore (2023) – Everything You Need to Know
Is this Chinese New Year going to be your first time giving out ang baos (red packets) as a newlywed couple? You might have some questions. What are the market rates for giving ang baos? Must I give ...
No setback for Singapore’s plans to import clean energy as sun sets on Sun Cable: EMA
THE surprise collapse of Sun Cable, a company that has been in talks with Singapore for the past two years to supply solar power via potentially the world’s longest submarine cable from Down Under, ...
Singapore was never entirely convinced by Sun Cable
Sun Cable had an ambitious plan to send solar power from Darwin to Singapore via under-sea cables. But one piece of the puzzle was missing - interest from the Singaporean government.
Singapore’s framework for companies to ‘do good’ shifts from corporate giving to corporate purpose
SINGAPORE’S National Volunteer & Philanthropy Centre (NVPC) has updated its framework on how businesses can “do good” – with the spotlight now on corporate purpose instead of corporate giving. Read ...
Saudi Arabia, Singapore Funds Plow $966 Million Into Korea’s Kakao Entertainment
Riding high in global TV, music and film, the Korean entertainment industry is poised for another hefty injection of capital. Kakao Entertainment, which stretches across K-pop, webtoons and online ...
Singapore: Execution Spree Raises Rights Concerns
Singapore’s government resumed executions and pressured activists and lawyers handling death row cases in 2022.