SINGAPORE startup Carro announced on Thursday (Jun 20) that it signed a S$75 million multi-currency loan with HSBC, making the home-grown company the first to tap HSBC’s Asean Growth Fund of US$1 ...
Singapore housing site gets no bids for first time in 20 years
Singapore’s cooling property market suffered a blow after a housing site put up for sale by the government failed to attract any interest from developers for the first time in more than two decades. ( read original story ...)
Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO
Big data, AI and blockchain tech are raising financial inclusivity, top Moody’s and Standard Chartered executives say at Lujiazui forum.
Singapore stocks open subdued on Thursday amid European market losses—STI inched up by 0.01%
The broader market revealed more stocks declining than advancing, as 43 million securities worth S$53.7M changed hands in early trading.
Singapore flags crypto for ‘higher risk’ in money laundering
SINGAPORE -- Singapore has labeled cryptocurrency-related activities as "higher risk" in a report issued Thursday by enforcement agencies, signaling its financial sector to more closely guard against ...
Singapore Customs warns of new document impersonation scam
SINGAPORE – Singapore Customs is warning the public about the emergence of a new document impersonation scam. In a Facebook post on June 20, it said a member of the public has received documents that ...
Singapore to seek compensation from ship owner for oil spill, media reports say
Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary vessel that discharged the oil, local media CNA reported on Thursday.
Banking sector identified as posing the highest money laundering risk in Singapore
Controls have improved, but global threats and risk environment have also increased in complexity. Read more at straitstimes.com.
Singapore Is Again No. 1 Among 67 Competitive Economies In The Post-Pandemic World
Singapore has moved up three places to take the No. 1 spot in the World Competitiveness Ranking (WCR) 2024, published by the International Institute for Management Development (IMD). The island nation ...
Why Permira got cold feet over Golden Goose IPO
Singapore’s GIC, for example ... “The risk of this turning into a mediocre IPO was higher than the advantage of going ahead,” said one participant. Permira may attempt to revive the listing in the ...
Guzman Y Gomez surges 37% in hottest Australian IPO in three years
In 2024 so far, Australia has raised just A$98 million in IPOs, the second-lowest June half in more than ... It also has outlets in Japan, Singapore and the United States. The company said its ...
Singapore developers shun housing site for first time in 20 years as demand falters
The lack of bids for the Upper Thomson Road site a setback for efforts tackling high residential rents in the city state. ( read original story ...)
Singapore highlights banks as posing highest money laundering risk
Singapore's banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a money laundering risk assessment report published on ...
Singapore Says Banks Pose Highest Laundering Risk After Scandal
Singapore said its banking sector poses the “highest” money laundering risks to the city-state, in the wake of a scandal involving over S$3 billion ($2.2 billion) in illicit assets.
Employment in Singapore grew by 4,700 in Q1 2024, driven entirely by resident employment growth: MRSD
Among residents, the increase in employment occurred mainly in financial & insurance services, public administration, health & social services, administrative & support services, and education.
Singapore regains title of world’s most competitive economy
Singapore is once again the most competitive economy globally in 2024, a position it had lost three years ago, according to a new report by leading business school IMD.