Category: Business

PM Lawrence Wong emphasizes the need for vigilance and adaptability in the fight against money laundering.SINGAPORE: Lessons learned from the S$3 billion money laundering case will help Singapore strengthen its regulations and enforcement against financial crime, said Prime Minister Lawrence Wong on Wednesday (Jun 26). Speaking at the opening of the Financial Action Task Force …

Developers shy away from long-stay serviced apartment projects amid weak market sentiment and economic uncertainties.SINGAPORE: In a rare occurrence not seen in over two decades, a government housing site in Singapore has failed to attract a single bid from developers. This marks a significant setback for the city-state’s property market, which has been grappling with …

Diversification and economic opportunities drive interest, but concerns about overreliance on China persist.SINGAPORE: A growing number of Southeast Asian nations are signaling interest in joining the BRICS bloc of emerging economies, motivated by the potential for diversified global economic engagement. Analysts highlight that countries like Malaysia, Thailand, and Indonesia view BRICS as an avenue to …

Strong gains in efficiency and infrastructure drive the nation to the top of global rankings.SINGAPORE: Singapore has claimed the top spot in the 2024 World Competitiveness Yearbook, released by the International Institute for Management Development (IMD). This marks the city-state’s second time leading the rankings since 2020, outperforming 67 other economies assessed in the report.The …

Hun Manet's first official visit as Cambodian Prime Minister fosters deeper collaboration between the two nations.SINGAPORE: Singapore and Cambodia have taken another step in strengthening their bilateral ties with the signing of a Memorandum of Understanding (MoU) to enhance cooperation in digital government. The agreement was inked on Tuesday (Jun 18) at the Istana by …

With sentencing finalized for all 10 offenders, attention shifts to remaining suspects and the wider implications of the probe.SINGAPORE: On a quiet Wednesday evening in August 2023, Singapore’s State Courts charged nine men and one woman with crimes that initially appeared unremarkable—possession of criminal benefits, forged bank documents, and money laundering. However, the case soon …

Despite a downtrend in global markets last week, the Straits Times Index saw a modest increase.SINGAPORE: Singapore stocks opened on a positive note on Monday, June 10, despite global markets experiencing a downtrend at the end of the previous week. At 9:01 am, the Straits Times Index (STI) registered a modest gain of 0.1%, an …

Market momentum points to a steady climb, despite potential fluctuations in the coming months.SINGAPORE: The Straits Times Index (STI) has closed May on a high note, hitting its highest level for the year at 3,333, marking a 17-point increase from the previous week. With key moving averages (50-, 100-, and 200-day) continuing to show positive …

Positive performance in European markets boosts Singapore's market sentiment.SINGAPORE: Singapore’s stock market opened on a positive note on Tuesday, supported by the favorable performances in European markets overnight.According to The Business Times, the Straits Times Index (STI) increased by 0.3%, adding 9.02 points to reach 3,327.47 as of 9:02 am.In the broader market, the number …

The city-state excels in governance leadership and financial management, securing its place as a global benchmark.SINGAPORE: For the second year running, Singapore has claimed the top spot in the prestigious Chandler Good Government Index, which evaluates government efficiency and capabilities across 113 nations.The index, curated by the Chandler Institute of Governance, highlights the critical role …