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Posted on 06/08/2024

Singapore shares open higher on Tuesday; STI up 0.8%

SINGAPORE equities began trading in positive territory on Tuesday (Aug 6), following a global market rout with all three major Wall Street indices spending the entire day in the red. Read more at The ...

Posted on 06/08/2024

These expats quit their careers to grow their German specialty pretzel bakery in Singapore

If you’re feeling more adventurous, you could opt for the pretzel bagels (from S$8.10). These come in an array of sweet and savoury flavours, like Caprese Pesto and Speculoos Apple. Another in-house ...

Posted on 06/08/2024

Capitol Singapore’s hotel, theatre and retail arcade put on the market for $650 million

Across the road, Singapore Land Group is said to have sought $150 million for Stamford Court. Read more at straitstimes.com.

Posted on 06/08/2024

Singapore’s Sembcorp HY profit slips after dull performance in key segments

Singapore's Sembcorp Industries reported an 11% decline in first-half profit on Tuesday, as lacklustre performances in its gas and related services and renewables segments weighed on the utilities ...

Posted on 06/08/2024

Citi Hires Singapore Executive From DBS to Lead Wealth in Asia South

Yeo will also be the chief executive officer of Citibank Singapore Ltd, Andy Sieg, head of Citi's wealth, said in the memo to employees. She is expected to join on Nov. 1 from DBS, where she spent 13 ...

Posted on 06/08/2024

Next DBS CEO should have the skills to run the ‘Digital Bank of Singapore’

MANY in Singapore’s analyst community have been busy speculating when the DBS chief executive post will become vacant. But they have less to say about who the replacement can be, simply because ...

Posted on 06/08/2024

Citi downgrades DBS, OCBC, UOB to ‘sell’ as first signs of US contraction emerge

Citi Research analyst Tan Yong Hong has downgraded Singapore’s three major banks to “underweight” as Citi economists expect 225 basis points (bps) of rate cuts by the US Federal Reserve in 10 months ...

Posted on 06/08/2024

Small nuclear reactors: Big potential for Singapore, but with caveats

The deal, called a “123 Agreement”, gives Singapore access to technical information that is under US export control. The timing of the deal comes as hype builds around SMRs and their potential to ...

Posted on 06/08/2024

The new technology helping Vietnamese coffee farmers adapt to a changing climate

The way farmers manage soil health could soon become cheaper, easier, and better for the environment thanks to artificial intelligence.

Posted on 06/08/2024

Singapore’s ex-MP Leon Perera ‘helping PSP on an informal basis’ as opposition parties gear up for election

Analysts say Perera could be on the ballot as a Progress Singapore Party candidate, after he posted about the opposition bloc on social media.

Posted on 06/08/2024

MOE to remove Mobile Guardian app from students’ devices after global cybersecurity breach

Preliminary checks showed that about 13,000 students from 26 secondary schools in Singapore had their devices wiped remotely by a hacker, said the Ministry of Education on Monday (Aug 5).

Posted on 06/08/2024

Firstcry IPO: Retail platform raises ₹1,886 crore in anchor book round ahead of public issue

According to the exchange filing, the company has allocated 4,05,55,428 equity shares to 71 anchor investors at the upper price band of ₹465 per equity share with face value of ₹2 per share.

Posted on 06/08/2024

OLA Electric IPO GMP declines further! What grey market premium signals for Bhavish Aggarwal’s EV company

The initial share sale received bids for 49,43,63,610 shares against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the NSE data.

Posted on 06/08/2024

Ola Electric IPO sails through on Day 2. Check GMP

The initial public offering of Ola Electric was fully subscribed on the second day. Retail investors' portion was oversubscribed 2.86 times and non-institutional investors' portion 1.09 times.

Posted on 06/08/2024

Singapore carries out second death sentence of the year

Kuala Lumpur (AsiaNews) – Singapore’s second death sentence of 2024 was carried out at dawn last Friday in Changi prison. Human rights groups, who usually publicly oppose the death penalty, declined ...

Posted on 05/08/2024

Crypto market crash triggered by ‘aggressive’ selling by Jump Trading – report

Jump Trading significantly contributed to the crypto market sell-off and it could be looking to sell another $104 million worth of wstETH.

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