Category: Business

A Look Behind the Price Tag of Singapore’s Popular House Brand SnacksSINGAPORE: When I first saw the price tag on Meadows truffle-flavored potato chips, I was certain it was a mistake. At just $1 for a 60-gram bag, it seemed too good to be true—especially compared to $1.90 for a similar-sized bag from brands like …

The Hotel Properties Ltd. Director Will Surrender Passport Upon Return to SingaporeSINGAPORE: Property magnate Ong Beng Seng, managing director of Hotel Properties Limited (HPL), has been arrested in connection with a Corrupt Practices Investigation Bureau (CPIB) inquiry involving Transport Minister S Iswaran. Though no charges have been filed, Ong posted bail of S$100,000 (US$75,700) and …

Disconnect Between Jobseekers’ Preferences and Employers’ Remote Work OfferingsSINGAPORE: Many Singaporean jobseekers continue to prioritize remote work options, even as employers offer fewer such roles. According to data from employment website Indeed, only 6.6 percent of job listings in May included “work from home” or “remote work,” a decrease from the surge seen in late …

MAS highlights that a modest gain in foreign reserves was overshadowed by currency fluctuations and increased interest expenses.SINGAPORE – The Monetary Authority of Singapore (MAS) posted its largest-ever net loss of S$30.8 billion (US$22.8 billion) for the financial year ending March 31, marking a significant rise from the S$7.4 billion loss recorded the previous year. …

Experts to discuss the rising threat of online hate speech and its implications for political expression.SINGAPORE – On Saturday, July 8, 2023, The Asia Centre will unveil its latest report, examining how hate sites and online brigades are undermining freedom of speech in Singapore. The event, co-organized with The Independent Singapore and Wake Up Singapore, …

Singaporeans express concerns over cost of living and job security during first walkabout by new political alliance.SINGAPORE — The People’s Alliance held its first-ever combined walkabout, which included representatives from four component parties: the Reform Party, People’s Voice, People’s Power Party, and the Democratic Progressive Party.Leaders from each of these parties, namely Kenneth Jeyaretnam (RP), …

High-interest plans may seem affordable at first, but they can lead to significant financial strain for consumers.Fiona* was only 23 years old when she found herself in debt to the tune of $44,000 from a major furniture retailer.“I had just started working. Landing with this huge debt as I was starting out on my own …

Concerns over financial integrity and transparency emerge as George Goh’s business dealings come under scrutiny.As Singaporean entrepreneur and philanthropist George Goh Ching Wah enters the presidential race as an independent candidate, concerns about his financial integrity and eligibility for public office have surfaced. Two significant developments have sparked questions about his business dealings, notably his …

Banks and insurer penalized for failing to comply with anti-money laundering and counter-terrorism financing regulations amid Wirecard-linked transactions.SINGAPORE: The Monetary Authority of Singapore (MAS) has fined DBS, OCBC, Citibank, and Swiss Life a total of S$3.8 million (US$2.83 million) for breaches related to anti-money laundering (AML) and counter-terrorism financing (CTF) requirements. These breaches were uncovered …

Mr. George Goh, who introduced Harvey Norman to Asia, is the second candidate for Singapore’s Presidential Election.SINGAPORE: George Goh Ching Wah, a seasoned businessman, announced his bid for the Singapore presidency on Monday (June 12). The 63-year-old founder of Harvey Norman Ossia aims to contest as an independent candidate, emphasizing his financial acumen and extensive …