Category: Business

As Indonesia’s president-elect, Prabowo Subianto's visits to major powers hint at the foreign policy direction his administration might take.SINGAPORE: For the first time in Indonesia’s history, a president-elect has made formal overseas visits before officially assuming office. Prabowo Subianto’s recent trips to China and Japan, ahead of his anticipated October inauguration, have attracted significant attention, …

Concerns about device reliability, digital security, and familiarity drive commuters to stick with traditional payment methods.SINGAPORE: A recent report revealed that 43% of Singaporeans opt for cash instead of e-wallets or mobile apps for public transport payments. This finding has sparked discussions on social media, with many commuters sharing their reasons for choosing traditional payment …

A new survey reveals growing optimism among Singaporeans as Bitcoin halving and spot ETFs reshape market sentiment.SINGAPORE: As the Bitcoin halving event approaches in April 2024, a new study from the Independent Reserve Cryptocurrency Index (IRCI) highlights a bullish sentiment among Singaporean investors. Nearly half (48%) of crypto investors in Singapore intend to increase their …

Allegations date back to 2009-2014, involving millions in payments tied to business interests in Brazil.SINGAPORE: Two former executives of the now-defunct Sembcorp Marine, rebranded as Seatrium following its 2023 merger with Keppel Offshore & Marine, were charged on Thursday (Mar 28) with bribing Brazilian officials. The charges allege that between 2009 and 2014, approximately US$44 …

Mediacorp’s news brand seeks to engage audiences in the West with insights on China, Japan, and Korea.SINGAPORE: Mediacorp’s news and current affairs brand CNA will soon be introduced in North America and the United Kingdom.This move will be rolled out through a mix of platforms, including television streaming services, YouTube, and a specially curated edition …

Countries are keen to adopt Singapore’s anti-scam measures, such as the SMS Sender ID registry, says Minister Josephine TeoSINGAPORE: At the inaugural Global Fraud Summit in London on Monday (Mar 11), Singapore and 10 other countries jointly endorsed a communique underscoring their commitment to tackling fraud and recovering funds obtained through scams. This collaboration reflects …

The Brazilian technology sector continues to attract international investors. The most recent acquisition involves a company from Anápolis, specialized in marketing and communication solutions, which is now part of a British fund headquartered in Singapore.The deal reflects the growing interest of foreign groups in innovative Brazilian companies. The company, founded by Gabriel Matheus de Andrade …

Equity funds see the highest outflows, while CPFIS funds perform better in Q4SINGAPORE: Singapore's unit trusts reported S$998 million in net outflows in the fourth quarter of 2023, marking a sharp contrast to the S$264 million in net inflows seen in the previous quarter, according to Morningstar’s latest Singapore Fund Flow report.Equity funds bore the …

Prime Minister Srettha Thavisin pushes for stimulus measures and a potential rate cut to boost the economy.BANGKOK: Thailand’s economy is in a “critical situation” and needs urgent stimulus measures to avoid further stagnation, officials from the prime minister’s office warned on Monday (Mar 4). The country is working to attract new investments, including from electric …

Mixed performance across banking stocks and global markets contributes to the dip.SINGAPORE: Singapore shares dipped on Wednesday morning, Feb 28, following a mixed performance across global markets.The Straits Times Index (STI) fell by 0.3%, losing 9.23 points to reach 3,148.09 as of 9:01 am local time, according to The Business Times.In the broader market, 53 …