News

DBS CEO Piyush Gupta earned $17.58m in 2024

DBS CEO Piyush Gupta earned $17.58m in 2024

About $9.35m of this is a deferred award, of which 17.1% will be in cash.

Razorpay rolls out payments platform to Singapore

It offers AI agents and a magic check-out service.

Developers to welcome extension on ABSD regime

This will give developers more wiggle room.

MAS bans credit use for cryptocurrency purchases

MAS aims to help consumers avoid losses from crypto investments.

Government says no to separate COE category for private-hire cars

The government introduced regulatory changes for taxis and PHC.

Mediacorp appoints new board member

Susan Ho has held senior leadership roles at Standard Chartered Bank, Brunswick, and fintech unicorn Airwallex.

JTC extends industrial land leases to boost business growth

This will cover the development phase to ensure businesses enjoy the full 20- or 30-year lease term.

Singapore cap rates remained stable in Q4

Interest and inflation rates declined during the period.

Singapore firms optimistic about GenAI but face IT infrastructure gaps

Only 60% of Singaporean businesses have adopted application containerisation. 

Singapore’s office market stable with 5.2% vacancy rate: Colliers

Demand for prime office spaces in Singapore remains strong.

DBS raises Straits Times Index year-end target

Due to a potential $15b to $30b liquidity injection from the Monetary Authority of Singapore’s equity market support measures.

Daily Markets Briefing: STI up 0.48%; Top stock is SATS

SATS is the top stock with a 2.28% increase.

CAAS injects $1b to boost Changi Airport’s operations

The fund will improve the airport’s connectivity, infrastructure, innovation and technology, and manpower.

SIA’s KrisFlyer programme hits 10 million members

Members will enjoy 20% miles redemption discounts on Economy Saver award flights.

ST Engineering to transfer MRO business to Florida, Texas

This move will consolidate operations of its subsidiary in the US.