Singapore keeps monetary policy unchanged as inflation slows
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank on Monday kept its monetary policy settings unchanged, as expected, in its first review of the year as inflation pressures continued to moderate…
Singapore imposes civil penalty on Credit Suisse for managers’ misconduct
SINGAPORE (Reuters) – The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank’s failure to prevent or detect misconduct by its…
Singapore November core inflation slows to 3.2% y/y
SINGAPORE (Reuters) – Singapore’s key consumer price gauge slowed to 3.2% in November on the year, in line with expectations, official data showed on Tuesday, and headline inflation fell to 3.6%. In…
Singapore, China plan reciprocal 30-day visa-free entry
(Reuters) -Singapore and China will put in place a 30-day mutual visa exemption agreement early next year, the Singapore foreign ministry said on Thursday, as the two countries agreed to further upgrade…
Malaysia’s Maybank launches Islamic wealth management hub in Singapore
SINGAPORE (Reuters) – Malaysia’s biggest lender by assets, Malayan Banking Bhd (Maybank), launched an Islamic wealth management regional offshore hub in Singapore on Monday. “We have chosen Singapore as our offshore hub…
Singapore Q3 GDP up 0.7% y/y
SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data showed on Friday. Gross domestic product (GDP) was up 0.7% in the July to September period…
In Singapore, a certificate to own a car now costs $106,000
By Xinghui Kok SINGAPORE (Reuters) – To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in the U.S.,…
Singapore seen holding monetary policy in delicate balancing act
By Chen Lin SINGAPORE (Reuters) – Singapore is likely to leave monetary policy unchanged this month, as the city-state grapples with a weak economic outlook and persistent price pressures. All 15 analysts…
Singapore blows up 100kg World War Two bomb
By Chen Lin SINGAPORE (Reuters) – Bomb disposal experts in Singapore successfully disposed of a 100kg World War Two aerial bomb on Tuesday, police said, after evacuating more than 4,000 people living…
Singapore Aug manufacturing output dives 12% y/y, more than expected
By Chen Lin SINGAPORE (Reuters) – Singapore’s industrial output in August plunged 12.1% year-on-year, contracting for an 11th consecutive month and more steeply than expected, official data showed on Tuesday. Economists had…
Singapore Aug core inflation rises 3.4%, seen easing
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 3.4% in August, almost matching economists’ forecasts, and easing compared with July’s figures due to lower inflation for services, food,…
Singapore Exchange names Michael Syn as president
(Reuters) – Singapore Exchange (SGX) has appointed Michael Syn as its new president, the bourse operator said on Thursday. Syn was the exchange’s head of equities. SGX also announced a new structure…
Economists cut Singapore 2023 growth and inflation forecasts – survey
SINGAPORE (Reuters) – Economists have downgraded Singapore’s 2023 growth forecasts and inflation expectations, according to a survey by the country’s central bank published on Wednesday, with spillovers from an external growth slowdown…
Singapore Exchange to list structured certificates linked to China’s Alibaba
SINGAPORE (Reuters) – Singapore Exchange (SGX) said on Tuesday that it will start trading structured certificates this month, making it the first in Asia to list the third-party issued financial instruments that…
Singapore home prices rise despite cooling measures
By Chen Lin SINGAPORE (Reuters) – Singapore’s private home prices rose 3.1% in the first half of the year, official data showed on Friday, bucking a downward trend in global property markets…
Singapore June core inflation rises 4.2%, matches forecast
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.2% in June, matching economists’ forecasts, official data showed on Monday. Inflation was lower as prices of food and energy eased, according to…
In squeaky-clean Singapore, two political dramas raise questions
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s ruling People’s Action Party (PAP) has long prided itself on its high ethical standards but two political entanglements within a week have some wondering if the party’s reputation…
Temasek sells 1.85% stake in Singapore Airlines, remains top investor
By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – Singapore’s state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the country’s national…
Singapore May core inflation rises 4.7% y/y, matches forecast
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May core inflation rate – which excludes private road transport and accommodation costs…
JPMorgan commercial bank enters Singapore, Israel in global push
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s commercial bank is entering Singapore and Israel this year as its unit catering to midsize and small companies…
Singapore tops list of costliest cities for goods, services aimed at the wealthy
SINGAPORE (Reuters) – Singapore for the first time became the most expensive city for goods and services for wealthy people, overtaking Hong Kong, London and New York, according to a report on…
Singapore new home sales at 1-year high despite cooling measures
SINGAPORE (Reuters) – New home sales in Singapore jumped to the highest in a year, official data showed on Thursday, despite a hike in taxes a month earlier to try to cool…
Singapore bank DBS deepens focus on booming family office business
SINGAPORE (Reuters) – Singapore lender DBS Group is stepping up its focus on the business of family offices, where its assets have surged in the last two years. Southeast Asia’s largest bank…
KKR India moves Kumar to Singapore to lead Southeast Asia PE -sources
By M. Sriram and Yantoultra Ngui MUMBAI/SINGAPORE (Reuters) – KKR & Co is moving a managing director from India to Singapore to lead the firm’s Southeast Asia private equity business, two familiar…
Singapore home prices surpass Hong Kong as APAC’s most expensive – survey
HONG KONG (Reuters) – Singapore’s private home prices have surpassed Hong Kong as the most expensive in Asia Pacific in 2023, while rents in the city-state were also the region’s highest, the…
Singapore Airlines, Garuda Indonesia plan JV to boost passenger capacity
(Reuters) – Singapore Airlines Ltd and Garuda Indonesia plan to enter into a joint venture (JV) to increase passenger capacity between the two countries, the flag carriers said on Monday, as post-COVID…
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