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OCBC’s Bold Indonesia Move: PT Bank Commonwealth Acquisition

OCBC’s Indonesian subsidiary acquires PT Bank Commonwealth Indonesia. Operational integration prioritised to combine both banks’ strengths. Strategic importance…

ByByPatrick TanMay 2, 2024

Chee Hong Tat to Shape Finance Future on MAS Board

Mr Chee Hong Tat, Minister for Transport, appointed to the MAS board of directors for a three-year term…

ByByPatrick TanMay 2, 2024

Director Killed Pregnant Wife Over ‘Failed’ Business, Unaware of S$1M Profit

A managing director wrongly believed his company was failing due to an inaccurate report, leading to a tragic…

ByByPatrick TanOct 26, 2023

SGD’s Historic Leap to a $1 to RM3.5 Exchange Rate!

The Singapore dollar reaches a new high against the Malaysian ringgit, with an exchange rate of 3.5086 versus…

ByByPatrick TanOct 24, 2023

Singapore Wants to Buy Wind Electricity From Vietnam

Singapore receives Conditional Approval to import 1.2GW of low-carbon electricity from Vietnam by 2035, a major step forward…

ByByPatrick TanOct 24, 2023

September 2023 Inflation Simplified: What You Need to Know?

The Monetary Authority of Singapore (MAS) reported that the Core Inflation rate fell to 3.0% in year-on-year (YoY)…

ByByPatrick TanOct 23, 2023

TSMC Affiliate Eyes Singapore For Its Most Advanced Chip Plant!

Vanguard International Semiconductor (VIS) has plans to build its first 12-inch chip plant in Singapore, aiming to capture…

ByByPatrick TanOct 23, 2023

Singapore Aims for Stable Electricity Price with Centralised Gas Buy!

The Ministry of Trade and Industry (MTI) and the Energy Market Authority (EMA) are creating a centralised gas…

ByByPatrick TanOct 23, 2023

United for Sustainability: Singapore & UAE’s 2050 Climate Pledge

Singapore and the UAE intend to achieve bold outcomes in reducing carbon emissions, adapting to climate change, and…

ByByPatrick TanOct 23, 2023

S$738k on Campaign: Tharman Tops Presidential Election 2023 Spending

S$1.1 million was spent collectively by three candidates during the nine-day Presidential Election campaign in 2023, with President…

ByByPatrick TanOct 21, 2023

S$79m Tax Win: How IRAS is Using Tech to Audit Firms?

Advanced data analytic tools lead to higher recoveries from erroneous tax returns, with S$79 million regained between July…

ByByPatrick TanOct 20, 2023

Surging Interest Rates and Global Uncertainty Tame Inflation Fears!

Inflation expectations in Singapore have cooled off amid higher interest rates and a subtle global outlook. Expectations for…

ByByPatrick TanOct 17, 2023

Singapore Trade Decline: A Surprising 13.2% Drop in Sept 2023!

Singapore sees 13.2% drop in Non-Oil Domestic Exports (NODX) in September 2023. Non-Oil Re-exports (NORX) shrinks by 11.6%…

ByByPatrick TanOct 17, 2023

Singapore Police Launches New Portal to Combat Ransomware!

The Singapore Police offers a ransomware portal. Avoid paying ransoms. It only feeds the bad guys. Recovery is…

ByByPatrick TanOct 17, 2023

AIA & PIAS Ex-Advisors Banned for Insurance Fraud

The Monetary Authority of Singapore (MAS) imposes a 5-year prohibition on two ex-representatives of financial advisory firms in…

ByByPatrick TanOct 16, 2023

Grab’s $75 Million Trans-cab Acquisition Sparks CCCS Intervention!

The Competition and Consumer Commission of Singapore (CCCS) has raised competition concerns regarding the proposed acquisition of Trans-cab…

ByByPatrick TanOct 16, 2023

Cha-ching! Singapore’s Economy Expands by 0.7%!

Singapore’s GDP continued to show growth in Q3, 2023, with an increase of 0.7% year-on-year. Despite a contraction…

ByByPatrick TanOct 13, 2023

MAS Slaps 9-Year Bans on Three Arrows Capital Executives!

The MAS enforces nine-year prohibition orders against Mr Zhu and Mr Davies for breaching securities regulation. Uncovered violations…

ByByPatrick TanSep 14, 2023
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