Singapore Telecommunications’ (Singtel) regional data centre arm, Nxera DCT, has secured a $643 million five-year green loan to finance the development of a new 58MW data centre in Tuas, or DC Tuas.
DBS, OCBC, and UOB’s STI weight rises to 54.3% in 2024
The three banks drove the STI’s 23.5% total return in 2024 but were outpaced by Yangzijiang Shipbuilding. The combined weightage of DBS, OCBC, and UOB in the Straits Times Index (STI) has risen to 54.
S’porean man allegedly asked to pay S$298 for ‘customs tax’ after buying S$1,400 water filter in JB
A Singaporean man was reportedly tricked into paying S$298 of "customs tax" at the Singapore borders after buying a water filter in Johor Bahru which cost S$1,400. A reader told Mothership that his ...
Memecoins: A new frontier or a dicey gamble for young investors in Singapore?
Two Gen Z investors said they are drawn to memecoins for their potential outsized returns, despite knowing the risks involved. Read more at straitstimes.com.
Singapore shares rise at Friday’s open; STI up 0.1%
SINGAPORE shares began Friday (Feb 7) trading in positive territory as markets abroad mostly closed higher. Read more at The Business Times.
Brazil chemical firm Unigel to go public in Singapore, media report says
SAO PAULO (Reuters) -Brazilian chemical firm Unigel will launch an initial public offering (IPO) in Singapore in the next few months, Brazilian newspaper Valor Economico reported on Thursday, citing ...
AI adoption in Singapore soars as poor data accuracy concerns: report
Singapore consider AI critical to their operations, making the city-state one of the highest adopters of AI globally, according to cloud ...
Maid in Singapore jailed for biting, pinching 11-month-old baby out of frustration as he refused to sleep
SINGAPORE: A domestic worker who bit and pinched an 11-month-old baby she was taking care of was sentenced to 20 months’ jail on Thursday (Feb 6).
FBS Global IPO opens below pricing on NASDAQ
FBS Global Limited (NASDAQ: FBGL), a Singapore-based green building contractor, launched its initial public offering (IPO) on the NASDAQ. The shares opened at $4.26, lower than the initial pricing of ...
Singapore attracted S$13.5b in fixed asset investment commitments in 2024
Singapore attracted S$13.5 billion in fixed asset investment commitments in 2024 — S$1 billion more than in 2023. These are funds that go into building factories or buying equipment. The Economic ...
Singapore Exchange sees 6%-8% medium-term revenue growth supported by multi-asset strategy
Q2 2025 Management View CFO Daniel Koh highlighted that the group achieved its highest-ever half-year operating revenue and earnings, with group net revenue increasing 15.6% to S$646 million, and ...
HSBC’s Head of Global Banking for Asia Pacific Is Exiting Lender
HSBC Holdings Plc’s head of global banking for Asia Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as the lender restructures its business to keep a lid on costs ...
Singapore says investment commitments up in 2024, sees challenges in 2025
Singapore's Economic Development Board said geopolitical and economic uncertainties would pose challenges in 2025 as it reported on Thursday a rise in investment commitments in the city-state last ...
Will Singapore Interest Rates for Home Loans Go Down in 2025?
"Will interest rates go down in 2025?" and ‘Will Singapore home loan rates fall?" are the two big questions Singaporean homeowners want to know. And the answer to both questions is a likely yes. ( read original story ...)
AI takes over: Singapore’s new property agent isn’t human
The AI, developed using Google Cloud’s Vertex AI Platform, can interpret multiple languages, including Singlish. It also facilitates scheduling by sending calendar prompts to bo ... ( read original story ...)
Budget 2025 likely to address near-term cost challenges and roll out initiatives under Forward SG: DBS
On the financial front, policymakers are working to revitalise Singapore’s local stock market. The MAS equities market review group is exploring measures to attract companies and investors.