Temasek has hired Goldman Sachs to find a buyer for its unit Singapore Power's 40% stake in Australian gas and electricity distributor Jemena, the Australian Financial Review reported on Wednesday.
Singapore Reits hammered by interest rate fears as bond yields soar
While the higher-for-longer outlook for interest rates has mauled stock markets, the real estate segment, and in particular the Reits sector, has borne the full force of the sell-down this week. Many ...
9 in 10 S’porean finance leaders spend their time on manual back-office tasks
About 40% of finance leaders in Singapore prioritise investments in automation. 89% of finance leaders in Singapore spend more than half of their time on these manual back-office tasks significantly ...
Elderly Singapore man pays US$51,000 for imaginary Peking duck as scammers steal his life savings
The 74-year-old said he was attracted by a deal on Facebook offering 1.5kg of Peking duck for the equivalent of US$17.30. It ended up costing him almost US$51,000.
Singapore Defends Reputation As $2 Bn Money Laundering Case Widens
Reports that China had put any pressure on Singapore to resolve the case were "completely untrue," she added. Second Minister of Finance Indranee Rajah said an inter-ministerial committee will be ...
Singapore shares fall at Wednesday’s open, tracking global sell-off; STI down 1.1%
SINGAPORE stocks opened weaker on Wednesday (Oct 4), following overnight losses in global markets as surging Treasury yields weighed on investor sentiments. Read more at The Business Times.
Ministers respond to clarifications sought on Singapore’s anti-money laundering regime
Second Minister for Home Affairs Josephine Teo, Monetary Authority of Singapore board member Alvin Tan and Second Minister for Finance and National Development Indranee Rajah addressed clarifications ...
Singapore to set up inter-ministerial panel, review measures to boost anti-money laundering controls
SINGAPORE will form an inter-ministerial committee to consider further measures to strengthen its anti-money laundering regime. Read more at The Business Times.
Explainer-How Singapore’s Unique Monetary Policy Works
SINGAPORE (Reuters) - Singapore's central bank has a unique method of conducting monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other ...
Bank debt sales surge in cashed-up Singapore
Find out more about subscription packages here. BANK debt sales in Singapore are tracking toward a second consecutive annual record as attractive currency swaps and cash-rich investors lure issuers to ...
Singapore Seizes More Than $2 Billion as Massive Money Laundering Probe Widens
The case is shining a light on fund flows from abroad and whether the city-state's $2 trillion financial sector has done enough to block dubious transactions.
Ministerial statement: Josephine Teo on Singapore’s anti-money laundering regime
Singapore has in place a robust anti-money laundering regime and is held in high regard internationally for its strong, principled and no-nonsense approach to taking down individuals who break the ...
Billion-dollar money laundering case: Singapore police began ‘comprehensive intelligence probe’ in early 2022
“Singapore is an attractive place for investments and businesses. There is political and economic stability, strong rule of law, and transparency. People are assured that their money is safe here,” ...
IPO screener: JSW Infrastructure shares to make debut today
The company came out with Rs 2800 crore IPO. This would be firs listing in 13 years from Jindal group after JSW Energy. The IPO was subscribed 37.37 times. Qualified institutional buyer’s portion was ...
Central bank announces new savings bond with average yield of 3.32%
Singapore’s central bank said investment amounts have a minimum of $500 and in multiples of $500. The total amount of Savings Bonds you can hold at any one time cannot exceed $200,000. The upcoming ...
Concerned about an economic downturn? Here’s how you can invest amid uncertainty
Mr Tan, who is in his 40s, was previously an economist with UOB. He has also held economic and investment research roles with the Singapore Government and other global banks. Q: How should I start ...