News

Market update: STI Up 0.27%

ThaiBev had the most growth.

MAS fines Vistra Trust (Singapore) $1.1m for failures in its AML/CFT controls

VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.

Singapore’s household spending to grow by 3.1% in 2022: Fitch Solutions

The growth rate estimate is lower than the 2021 forecast of 6.6%.

DBS to only send 'essential' SMEs to retail, wealth customers

The bank assured customers that it employs a multi-layered defence system against fraud.

S-REITS well-positioned to weather interest rate hikes: RHB

This after S-REITs delivered a modest 6% in total returns in 2021. 

Singapore launches new measures to bolster digital banking security

Banks are asked to remove links in emails and SMS sent to customers.

CapitaLand Development divests Vietnam-based Capital Place for $751m

It will redeploy the proceeds from this divestment into higher-yielding assets.

Younger Singaporeans led 50% of the overseas in-store spending increase

The US, the UK, and Australia were their top destinations during the year-end. 

Vertex SPAC’s public offering subscribed 36 times

The company offered 0.6 million units at $5 each.

6 of 10 businesses think corporate integrity standards have stagnated

96% of respondents also believe that this is essential to their organisation. 

NODX grows 18.4% in December 2021

The record surpassed Bloomberg's estimate of 13.5%.

56% of S'poreans did not receive ‘strong support’ from employers during the pandemic

Globally, the percentage of workers who had the same sentiment was lower at 51%.

Market update: STI down 0.04%

 Sembcorp Industries had the most growth.

Cryptocurrency ATMs close down in Singapore following MAS clampdown: report

Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.

Lentor Hills Road closes bids below expectations

Jalan Tembusu, meanwhile, saw a strong performance due to the opportunity present in the area.

Axe the gap with tax: Will the GST Amendment Bill level the playing field for local business?

Under the bill, goods worth $400 or less imported by air or post will be subject to GST.