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Posted on 26/04/2023

UOB to invest S$500 million to build global technology and innovation centre

UOB is to invest S$500 million to build a new global technology and innovation centre in Singapore's Punggol Digital District (PDD) ...

Posted on 26/04/2023

Iras to reward whistleblowers on private property deals exploiting ‘99-to-1’ loophole to evade ABSD

This is not the first time Iras has offered the reward for information on tax avoidance or evasion. Read more at straitstimes.com. ( read original story ...)

Posted on 26/04/2023

High costs, lack of available technology among challenges facing maritime sector in decarbonisation pursuit

Singapore is playing host to players from the international maritime community at the Singapore Maritime Week 2023 this week, as they discuss key issues and exchange ideas to bring the sector forward.

Posted on 26/04/2023

Singapore’s Near-Term Outlook Remains Uncertain and Fragile, MAS Says

A downturn in the global electronics industry and recent banking stresses in the U.S. and Europe have damped Singapore’s growth prospects, given its relatively big exposure to the technology and ...

Posted on 26/04/2023

Dutch firm’s vertical mega-farm to produce up to 500 tonnes of leafy greens in Singapore

The farm in Changi Logistics Centre will start production in the second half of the year. Read more at straitstimes.com.

Posted on 26/04/2023

Singapore Executed Another Drug Offender: Why the Country Clings to the Death Penalty—and Why Advocates Say It’s Wrong

The hanging of Tangaraju Suppiah on Wednesday is the first in the country this year, though it’s unlikely to be the last

Posted on 26/04/2023

DBS downgrades UOB (UOVEF) to a Hold

In a report released on April 24, Lim Rui Wen from DBS downgraded UOB (UOVEF – Research Report) to a Hold, with a price target of ...

Posted on 26/04/2023

Singapore central bank sees rents, inflation easing amid uncertain growth outlook

Singapore's growth outlook in 2023 appears uncertain amid global headwinds, the central bank said on Wednesday, but price pressures may ease as rents, a key component of inflation in the city-state, ...

Posted on 26/04/2023

Singapore executes man for coordinating cannabis delivery

Singapore has executed a man accused of coordinating a cannabis delivery, despite pleas for clemency and protests that he was convicted on weak evidence ...

Posted on 26/04/2023

Singapore Industrial Production Falls 4.2%

Singapore's industrial production declined for the sixth straight month in March, largely due to a slump in chemical and electronics ...

Posted on 26/04/2023

Alipay continues regional expansion strategy as speculation of IPO plans begin to resurface

Ant Group is continuing to grow its Alipay+ digital payment service across Asia, with a significant new deal integrating it into Singapore’s unified QR system, as speculation about its much-lauded IPO ...

Posted on 26/04/2023

IPO screener: Mankind Pharma subscribed 0.14 times at end of Day 1

The ₹4,326-crore initial public offering of Mankind Pharma Ltd, which opened for subscription on Tuesday, was subscribed 0.14 times or 14 per cent on Day 1. The issue comes at a price band of ₹1,026-1 ...

Posted on 26/04/2023

Singapore’s economic outlook uncertain, faces downside risks – central bank

Singapore's central bank on Wednesday said the city-state faces an uncertain economic outlook with downside risks as the global economy slows. The economy has slowed discernibly since the last quarter ...

Posted on 26/04/2023

Bellwether Singapore warns of uncertain global outlook

The Monetary Authority of Singapore expects growth in most regions to be below trend of even negative in coming quarters.

Posted on 26/04/2023

OCBC board keen on talks with GEH to align dividend policies: AGM

I think there could be dialogue between us and Great Eastern on dividends,” says OCBC chairman Andrew Lee at the bank's AGM.

Posted on 26/04/2023

Singapore economy faces uncertain near-term outlook, inflation to slow in second half of 2023: MAS

Growth prospects have been dampened by an ongoing slowdown in the global electronics industry and recent bank collapses abroad, said the central bank in its latest half-yearly macroeconomic review.

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