Category: Business

The state investor posted a 1.6% annual shareholder return, rebounding from last year’s negative 5.07%.SINGAPORE: Temasek Holdings reported a S$7 billion increase in its net portfolio value, reaching S$389 billion as of March 31, 2024. The growth was driven by strong returns from investments in the U.S. and India, offsetting underperformance in China.The state investor …

Lawrence Tai proves that retirement isn’t a requirement, embarking on a new business venture fueled by passion and purpose.SINGAPORE: Lawrence Tai, a 75-year-old entrepreneur, starts his day at 3:45 AM with a routine that includes stretching, preparing breakfast, and working an 11-hour shift delivering liquid soap across Singapore. After four decades in this business, he …

Workers’ Party MPs stress the need for stronger corporate governance to protect Singapore’s reputation from misuse by foreign entities.SINGAPORE: Workers’ Party MPs Louis Chua and Jamus Lim have raised concerns in Parliament about “Singapore washing,” a term describing how Chinese companies relocate or register in Singapore to mitigate tensions between the U.S. and China. This …

Both airlines had suspended flights over Iran in April amid Middle East tensions but resumed normal routes in late June.SINGAPORE: Singapore Airlines (SIA) and its low-cost subsidiary Scoot have resumed flights over Iranian airspace after a more than two-month hiatus. The decision comes as tensions in the Middle East have eased, allowing for a return …

A Randstad survey highlights how Singapore workers prioritize balance, pay, and development opportunities amid economic pressures.SINGAPORE: Nearly half of Singaporean workers have left their jobs in search of better work-life balance and higher pay amid increasing living costs, according to the 2024 Employer Brand Research report by Randstad.The survey of 2,602 individuals in Singapore revealed …

PM Wong’s call to broaden the definition of success faces challenges rooted in financial, systemic, and cultural hurdles.SINGAPORE: Prime Minister Lawrence Wong’s vision of redefining success in Singapore has sparked discussions about moving beyond traditional metrics such as wealth and job status. Speaking at a youth event and on his vodcast, PM Wong encouraged Singaporeans …

The former transport minister's legal team, led by Senior Counsel Davinder Singh, seeks disclosure of all prosecution witness statements ahead of his corruption trial.SINGAPORE: Former transport minister S Iswaran appeared in the High Court on Friday (Jul 5), seeking an order for the prosecution to provide all statements from witnesses it plans to call at …

As tattoos become mainstream, artists face challenges balancing their craft with the demands of social media marketing.Joe Wang recalls a time when tattoos were symbols of rebellion, often associated with drug addicts and convicts. Now a veteran tattoo artist at 8 Volts Tattoo Singapore, he notes how much the perception of tattoos has shifted over …

Labour market tightens as demand for talent grows amid economic recovery.SINGAPORE: Singapore’s labour market continues to tighten as companies ramp up hiring plans amid a recovering economy, according to a recent report by Nomura.The report highlights a significant improvement in the Labour Market Conditions Indicator (LMCI) for the first quarter of 2024, signaling robust wage …

From global tech to traditional medicine, non-native billionaires are reshaping Singapore's economic landscape.SINGAPORE: According to Insider Monkey's recent list of Singapore’s 30 wealthiest individuals, compiled from Forbes’ real-time billionaire data as of June 24, 2024, one in three of Singapore’s top billionaires were not originally from the city-state. These individuals, now naturalised citizens, have leveraged …