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Posted on 10/10/2023

AM Best Briefing at 2023 Singapore International Reinsurance Conference to Deliver Insights on Global and Regional Markets

AM Best’s Insurance Market Briefing - Singapore International Reinsurance Conference (SIRC) will explore the state of the global and Asia-Pacific reinsurance markets on Tuesday, 31 October 2023 as part of the 19th annual SIRC event.

Posted on 10/10/2023

SG’s outbound investment drops 36.4% QoQ in 3Q23

Year-on-year, outbound investment declined 62%. Singapore’s outbound investment fell to $2.7b in 3Q23, data from Real Capital Analytics showed. The 3Q23 figure translates to a 36.4% QoQ and 63% YoY ...

Posted on 10/10/2023

Explained: Why the Singapore dollar is so strong against the ringgit

The ringgit and the Singapore dollar were once at par and freely interchangeable. That ended in 1973. Since then, the value of the ringgit has sunk, reaching a new low in June of RM3.4384 to one ...

Posted on 10/10/2023

Explainer: Why is the UK planning to scrap the A-Levels and are there any implications for Singapore?

British Prime Minister Rishi Sunak announced last Wednesday (Oct 4) plans to merge the country’s current A-Levels and T-Levels into a new, single qualification called the Advanced British Standard.

Posted on 10/10/2023

How $2 Billion Money Laundering Scandal Threatens Singapore’s Image

Singapore’s normally staid image has had a rough year. Allegations have erupted that wealthy Chinese have been pouring ill-gotten gains into the Asian financial hub, in what the government itself describes as potentially one of the world’s largest money-laundering cases.

Posted on 10/10/2023

No plans by Singapore Muslim travel agencies to scrap tours yet amid Israel-Hamas conflict

One tour group, whose package includes a visit to the Al-Aqsa Mosque compound in the old city of Jerusalem in Israel, will depart Singapore this week as planned.

Posted on 10/10/2023

Trust Bank to launch more types of unsecured loans in coming months

SINGAPORE – Trust Bank will roll out more types of unsecured loans to customers in the coming months as the digital bank races towards its goal of being profitable by 2025. Read more at ... ( read original story ...)

Posted on 10/10/2023

Property investment market activity to remain muted for the rest of 2023

Knight Frank expects total investment sales for 2023 to reach around $18b-$20b. Despite an uptick in total investment sales in 3Q23, property experts believe the capital markets space will see muted ... ( read original story ...)

Posted on 10/10/2023

Singapore Tip-Off Led to Arrest of Three Arrows Co-Founder Zhu

Three Arrows Capital co-founder Su Zhu ended up in jail in Singapore after liquidators decided to apply maximum pressure following months of sparring over locating the failed crypto hedge fund’s ...

Posted on 10/10/2023

Commentary: What’s behind the housing crunch for foreign workers in Singapore?

Amid a shortage of dormitories, Singapore must strike a balance between improving foreign workers' living conditions and keeping costs sustainable for businesses, says NUS Associate Professor Daniel ...

Posted on 10/10/2023

Singapore’s gym industry could consolidate further, especially in central areas, say observers

SINGAPORE’s wave of gym closures is not over yet. More casualties are expected in central areas, where rents are high, and office crowds have dwindled, market watchers and players say. Read more at The Business Times.

Posted on 10/10/2023

IPO Roundup: WeBuy Global, Birkenstock Holding and more

The IPO market revived in 3Q23, with 30 firms going public and raising a total of $7.8B, which was greater than the total proceeds generated in 2022. Arm (NASDAQ:ARM) dominated the quarter, raising $4 ...

Posted on 10/10/2023

Bitstamp Courts European Banks as Region’s Incoming Crypto Rules Boost Confidence

The longest-running crypto exchange says three European banks are in talks about offering crypto services – a stark contrast to the U.S., where firms are wary amid a regulatory crackdown.

Posted on 10/10/2023

Singapore’s power fix could held a world in strife

Worse still, the fields feeding the Malaysian and Indonesian pipelines are increasingly being used to supply domestic users. That risks leaving the city-state more dependent on costlier LNG. Such ...

Posted on 10/10/2023

Gaza could Have Been Singapore. Hamas Turned It Into ISIS | Opinion

Israel, a thriving democracy with vigorous internal debates, is now staunchly united to bring its citizens and family members home.

Posted on 10/10/2023

Singapore, Hong Kong can work together to become ‘shining cities’, fill ‘special niches’: Manpower Minister Tan See Leng

Speaking at the Post’s Hong Kong-Asean Summit 2023, Singapore’s minister for manpower said both cities can leverage their unique strengths to attract fresh talent without necessarily needing to ...

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