Local businesses, on average, invest 24% of their annual budget in AI and machine learning. Singapore is ahead of the United States and the rest of the world in terms of artificial intelligence (AI) ...
Cautious Resilience: Singapore’s Central Bank Holds Steady Amid Economic Challenges
A Steady Hand Amid Economic Turbulence In the face of declining core inflation and a fragile economic growth trajectory, Singapore’s central bank, the Monetary Authority of Singapore (MAS), is ...
Commentary: Singapore banks’ latest anti-scam measures may be inconvenient, but would you rather lose your life savings?
In others, an enforced wait time slowed down their tasks. In some other cases, they had to uninstall certain apps for their mobile banking apps to work. The Association of Banks in Singapore (ABS) ...
Borsig IPO to alleviate KNM’s financial woes
The initial public offering (IPO) exercise of machinery and equipment unit Borsig GmbH on the Singapore Exchange (SGX) should uplift KNM Group Bhd by aiding its repayments to creditors, says Borsig ...
Singapore stocks close lower on Wednesday, STI down 0.2%
Regional bourses enjoyed a modest rally on Wednesday on the back of optimism over interest rates in the United States, but local shares went a smidgeon south amid an air of caution. Read more at ...
ABN Amro will no longer offer corporate banking as it surrenders licence here; clearing services unaffected
ABN Amro Bank has surrendered its licence in Singapore and will no longer provide corporate and institutional banking services. Read more at straitstimes.com.
Use hydroelectricity to attract foreign investment, not sell it to Singapore and Peninsular Malaysia, state DAP chairman tells Sarawak
Sarawak DAP chairman Chong Chieng Jen today urged the state government to focus on how to use the hydroelectricity to attract good investment instead of selling it to Singapore and Peninsular Malaysia ...
Singapore companies’ love affair with Nasdaq continues despite post-IPO heartaches
SINGAPORE-based companies continue to flock to the Nasdaq exchange in the United States, even though data shows it is tough for smaller players to win investors there. Read more at The Business Times.
Staying listed in the US could prove to be a rough ride for Singapore companies
RIDE-HAILING startup Ryde and personal-finance comparison platform MoneyHero Group are the latest in a string of Singapore-linked companies to seek a listing in the US markets. Read more at The ...
Singapore Shares May Rebound On Tuesday
The Singapore stock market on Monday snapped the two-day winning streak in which it had risen more than 25 points or 0.8 percent. The Straits Times Index now sits just above the 3,165-point plateau ...
Growing interest in overseas listings among companies in Asia, including Singapore
This comes even as initiatives have been taken by local bourses to entice firms to list on them. Read more at straitstimes.com.
SG’s outbound investment drops 36.4% QoQ in 3Q23
Year-on-year, outbound investment declined 62%. Singapore’s outbound investment fell to $2.7b in 3Q23, data from Real Capital Analytics showed. The 3Q23 figure translates to a 36.4% QoQ and 63% YoY ...
Explained: Why the Singapore dollar is so strong against the ringgit
The ringgit and the Singapore dollar were once at par and freely interchangeable. That ended in 1973. Since then, the value of the ringgit has sunk, reaching a new low in June of RM3.4384 to one ...
IPO Roundup: WeBuy Global, Birkenstock Holding and more
The IPO market revived in 3Q23, with 30 firms going public and raising a total of $7.8B, which was greater than the total proceeds generated in 2022. Arm (NASDAQ:ARM) dominated the quarter, raising $4 ...
Singapore-based FII buys stake in multibagger stock Balu Forge despite 250% YTD rally
Apart from Ashish Kacholia, another value investor Vanaja Sundar Iyer also bought stake in this multibagger stock. Vanaja Sundar Iyer bought 18,00,000 shares of Balu Forge Industries, which is 1.80 ...
Malaysia’s OMS puts $300 million IPO on hold -sources
Malaysian telecommunications infrastructure group OMS has put its plan to list on hold due to unfavourable market conditions, two sources with knowledge of the matter said.