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Tag: stock market

Posted on 18/08/2024

Singapore’s Wong Dishes Fresh Handouts in First Major Speech

Lawrence Wong used his first major policy speech since becoming Singapore’s prime minister to dish out new social benefits for citizens, while pledging to simplify compliance and regulatory processes ...

Posted on 18/08/2024

Singapore releases new salary benchmarking for foreign workers

The benchmarks are derived from Manpower Research and Statistics Department’s annual Comprehensive Labour Force Survey.

Posted on 18/08/2024

Genting Singapore First Half 2024 Earnings: EPS: S$0.03 (vs S$0.023 in 1H 2023)

EPS: S$0.03 (up from S$0.023 in 1H 2023). Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in ...

Posted on 18/08/2024

Singapore strengthens security in finance sector

The Monetary Authority of Singapore (MAS) has cooperated with banks to seek solutions on quantum security in finance sector.

Posted on 17/08/2024

Singapore: DBS Bank Unveils First Multi-Currency Commercial Debit Card

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of ...

Posted on 17/08/2024

Singapore Addresses Concerns About $1.7 Billion Allianz Deal

(Bloomberg) -- Singapore ministers addressed concerns about Allianz SE’s plan to buy a majority stake in Income Insurance Ltd., saying it would be held to account on its commitments and that the ...

Posted on 17/08/2024

Special Economic Zone may help stem exodus of Malaysians seeking work in Singapore: Johor chief

Johor's chief said that salary was among the main reasons for people to seek employment in Singapore. Read more at straitstimes.com.

Posted on 17/08/2024

Singapore private residential stock up 0.4% to 412,002 units in Q2

Three 99-year leasehold condominium projects developed on government land sales (GLS) sites—namely, Clavon at Clementi Avenue 1 (640 units), Midtown Bay on Beach Road (219 units), and One-North Eden ...

Posted on 17/08/2024

Top Stock Market Highlights of the Week: StarHub, Genting Singapore and Singapore Technologies Engineering

Welcome to this week’s edition of top stock market highlights. StarHub released its earnings ... while looking to diversify its customer base and regional presence. Genting Singapore also released its 1H 2024 earnings and delivered a strong set of ...

Posted on 17/08/2024

The Week Ahead: Trade and inflation data, EPB’s IPO debut in focus

This article first appeared in The Edge Malaysia Weekly on August 19, 2024 - August 25, 2024Malaysia kicks things off on Monday with the release of July’s external trade numbers, where UOB Global ...

Posted on 17/08/2024

COSCO SHIPPING International (Singapore) First Half 2024 Earnings: EPS: S$0.001 (vs S$0.001 in 1H 2023)

Net income: S$2.28m (up 16% from 1H 2023). Profit margin: 2.8% (up from 2.2% in 1H 2023). The increase in margin was driven by lower expenses. COSCO SHIPPING International (Singapore) shares are up ...

Posted on 17/08/2024

Q & M Dental Group (Singapore) First Half 2024 Earnings: EPS: S$0.01 (vs S$0.006 in 1H 2023)

Performance of the market in Singapore. The company's shares are up 1.9% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign ...

Posted on 17/08/2024

Former bank employees in Singapore charged in money laundering scheme

Two former bank relationship managers are facing multiple charges for their involvement with a billion-dollar money laundering operation that converted dirty money into assets held in Singapore, ...

Posted on 16/08/2024

Singapore Lifestyle Firm Seeks $50 Million Private Loan for Luxury Indonesian Resort

Singapore-based lifestyle and hospitality investment company Rascal Ventures Pte. is seeking around $50 million of private credit to expedite the completion and opening of its luxury resort in ...

Posted on 16/08/2024

Johor-Singapore SEZ to spur investments from mainland China, Taiwan, UOB says

UOB’s managing director believes investors will want to take advantage of tax incentives offered within the special economic zone.

Posted on 16/08/2024

StarHub finance chief Dennis Chia resigns, GoTo’s Jacky Lo to take over

Dennis Chia has resigned from his position just over nine years into the role, citing “personal reasons”. Read more at straitstimes.com.

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