Singapore’s Q3 GDP tops initial estimates on financial services, tourism
By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of risks to…
Singapore’s Aug exports fall 20% y/y, more than forecast
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) fell 20.1% year-on-year in August, official data showed on Monday, as both electronics and non-electronics exports to the United States, Europe and China declined.…
US bank Citi completes sale of Taiwan consumer unit to Singapore’s DBS
By Selena Li HONG KONG (Reuters) – U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore’s DBS Group, it said on Monday. The now transferred…
Singapore’s GIC bets on China after scoring 8-year-high returns
By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, plans to continue investing in China despite geo-political tensions after chalking up…
Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top financial hubs and said its fight against rising prices was not…
Singapore’s DBS expects yearly earnings to beat $7.5 billion in medium term
By Navya Mittal and Yantoultra Ngui (Reuters) – Singapore’s biggest bank DBS Group on Monday said it expects to lift annual earnings to more than S$10 billion ($7.55 billion) within the next…
Singapore’s central bank imposes additional capital requirement on DBS Bank
By Navya Mittal and Yantoultra Ngui (Reuters) -The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country’s largest lender DBS Group, following…
Singapore’s Keppel to drop conglomerate structure, targets $150 billion AUM by 2030
(Reuters) -Singapore’s Keppel Corp on Wednesday announced a major corporate restructuring, doing away with its conglomerate form and divide itself into three distinct units, in a bid to simplify and further grow…
Singapore’s Q1 GDP likely slowed, complicating central bank’s task: Reuters poll
By Chen Lin SINGAPORE (Reuters) – Singapore’s economy is likely to have expanded at a slower pace in the first quarter, posing a challenge for the central bank as it seeks to…
Singapore’s Feb non-oil domestic exports fall 15.6% y/y
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) fell 15.6% in February from the same month a year earlier, led by falls in both electronic and non-electronic products and broadly in line…
Singapore’s Grab brings forward profitability goal, sees strong 2023
(Reuters) -Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, on Thursday forecast upbeat 2023 revenue and pulled forward its profitability timeline, betting on strong demand for its services and…
Singapore’s Jan non-oil domestic exports fall 25% y/y
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) declined 25% year-on-year in January, led by falls in both electronics and non-electronic products. This was a steeper decline than the 20.6% year-on-year fall…
Singapore’s GIC says still exploring China investment opportunities
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -Singapore sovereign wealth fund GIC said it continues to scout for long-term investment opportunities in China, looking at a wide range of industries, adding…
Singapore’s December core inflation rises 5.1%
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5.1% in December, slightly higher than forecast, official data showed on Wednesday. The core inflation rate – which excludes private road transport and…
Singapore’s Dec non-oil domestic exports fall 20.6% yoy
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) declined 20.6% year-on-year in December 2022, led by drops in both electronics and non-electronic products. On a month-on-month seasonally adjusted basis, NODX declined 3.3%…
Singapore’s Temasek holds internal review of $275 million FTX-related loss
SINGAPORE (Reuters) – Singapore’s Deputy Prime Minister Lawrence Wong said on Wednesday that Temasek Holdings has initiated an internal review of its investment in the now-bankrupt FTX crypto exchange, which resulted in…
Singapore’s gig workers to get work injury, pension coverage
By Chen Lin SINGAPORE (Reuters) – Singapore will extend work injury insurance and pension coverage to food delivery and ride-hailing workers under proposed legislative changes that it aims to implement as early…
Singapore’s deputy PM: FTX case has raised ‘serious allegations’
SINGAPORE (Reuters) – The collapse of crypto exchange FTX has raised “very serious allegations that amount to potential fraud”, Singapore’s finance minister and deputy prime minister said on Thursday. Lawrence Wong said…
Singapore’s asset management sector surges to record as funds expand
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s asset management industry grew to a record size last year, outpacing global growth in the sector as the city-state benefited from more business from global…
Singapore’s quirky car market offers rare profit for some as prices soar
By Chen Lin SINGAPORE (Reuters) – Almost everywhere in the world a new car begins to lose value as soon as it leaves the showroom, except sometimes in the rich little island…
Singapore’s Love, Bonito brand owner to open first U.S. store in 2023, eyes IPO
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s Lovebonito Holdings, owner of the Love, Bonito female fashion brand and backed by investors including Chinese buyout firm Primavera Capital Group, is targeting opening its…
Singapore’s GIC says global recession scenario possible, eyes Australia opportunities
By Praveen Menon SYDNEY (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, said it is factoring in the potential for a global recession and was prepared to…
Singapore’s OCBC scouting for Indonesian acquisitions – CEO
By Anshuman Daga, Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore-based Oversea-Chinese Banking Corp Ltd is hunting for acquisitions in Indonesia to speed up its growth, aiming to leverage a strong…
Singapore’s policy quirk lures bank funding rush
By Tom Westbrook and Rae Wee SINGAPORE – Global banks are rushing to sell bonds in Singapore, where unique monetary settings have opened a favourable borrowing window that puts the city-state’s debt…
Singapore’s Frasers Property seeks to take hospitality trust private
SINGAPORE -Singapore-listed Frasers Property Ltd, part of Thai tycoon Charoen Sirivadhanabhakdi’s TCC Group, proposes to take unit Frasers Hospitality Trust private in a deal that values it at S$1.35 billion ($970 million).…
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