The lowest 10 per cent in terms of household income saw the slowest average nominal income growth. Read more at straitstimes.com.
Hillhouse Investment acquires Singapore’s InCorp Global
InCorp said Hillhouse’s acquisition is a strategic move that will enable it to further accelerate growth. Read more at straitstimes.com.
FEATURE-Biased GPT? Singapore builds AI model to ‘represent’ Southeast Asians
Singapore government-backed project builds large language model trained on Southeast Asian data * SEA-LION better represents region's languages and culture * Regional LLMs may leave out dissenting ...
Indian-origin company director in Singapore jailed for dereliction of duty
Thilagaratnam Rajaratnam of Strategic Corporate Investments, who was convicted in October last year, was also disqualified from acting as the company's director for five years, the Singapore Police ...
Singapore wealth fund shuffles leadership, names COO
Singapore’s sovereign wealth fund GIC Pte. reshuffled the roles of some senior executives as part of a broader leadership overhaul.
BIZ BUZZ: IPO curtain-raiser rethinks timing
It’s no secret that the market is looking at tycoon Edgar Saavedra’s Citicore Renewable Energy to jumpstart an initial public offering (IPO) revival in 2024. Given its size of P12.9 billion, that one ...
2 new charges for money laundering accused who allegedly submitted forged documents to banks
SINGAPORE - Su Jianfeng, one of the 10 accused in Singapore’s largest money laundering case, was handed two new charges on Feb 8. Su, 35, a Vanuatu national who is originally from China, According to ...
About 500 mourners bid final farewell to Singapore banking tycoon Wee Cho Yaw
To some people, the late Wee Cho Yaw, former chairman and chief executive officer of United Overseas Bank (UOB) was intimidating, but its head of ...
The Singapore banker who tried to be Gandalf is now running out of time
Trouble is, after more than 14 years leading DBS, the wizard of Asian banking is running out of time: Succession is on the horizon ...
Median monthly household income in Singapore above $10k in 2023, up 2.8% in real terms
The median monthly income from work for Singapore households was above $10,000 for the second year in a row in 2023.The median monthly income grew by 7.6 per cent in nominal terms from $10,099 in 2022 ...
Singapore court rules son of ex-PM Goh Chok Tong caused US$146 million in losses to company
A judge said Goh Jin Hian failed to spot three ‘red flags’ that should have triggered his inquiry into the financial position of now-insolvent marine fuel supplying firm IPP.
Singapore’s sovereign wealth fund GIC appoints Sam Kim new COO, amid senior leadership reshuffling
GIC reshuffled the roles of some senior executives as part of a broader leadership overhaul, as current deputy chief operating officer Sam Kim will be appointed as COO.
21% of Singapore NRIs are influenced by global trends in investments, survey reveals
India has become a desirable investment location for NRIs. Conservative risk tolerance is favoured by approximately 4% of NRIs based in the UK. The survey reveals that only 1% of NRIs from Canada, the ...
GAFI, HSBC Egypt Sign Pact On Attracting Foreign Direct Investments
Hossam Heibah, President of the General Authority for Investment and Free Zone (GAFI) announced Wednesday the signing of a Memorandum of Understandi ...
PM Lee calls on opposition to be ‘upfront’ about stance on Singapore’s reserves and take ideas to ballot box
"If any other political party thinks that this is not the right approach, if they truly believe that we should dip into our reserves more, then bring it to the ballot box," says Prime Minister Lee ...
Singapore’s DBS Group reports record full-year results despite CEO’s pay cut by millions
DBS Group Holdings Ltd. saw its net profit exceed $10 billion for 2023, surpassing its medium-term target. CEO Piyush Gupta's variable pay was cut by 30% due to last year's digital banking disruptions ...