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Tag: Singapore

Posted on February 3, 2024

‘I’m Singaporean!’: TikTok CEO fires back at GOP senator pressing him about possible ties to China

Sen. Tom Cotton (R-AR) repeatedly asks TikTok CEO Shou Zi Chew, who is from Singapore, whether he is Chinese and a member of the Chinese Communist Party.
Posted on February 3, 2024

Number of family offices based in Hong Kong could surpass Singapore ‘in a few more years,’ investment body predicts

InvestHK says city could overtake Singapore for family offices, despite a big gap in numbers between the two jurisdictions at present.
Posted on February 3, 2024

Number of family offices based in Hong Kong could surpass Singapore ‘in a few more years,’ investment body predicts

InvestHK says city could overtake Singapore for family offices, despite a big gap in numbers between the two jurisdictions at present.
Posted on February 2, 2024

Malaysia’s new king has a $5.7B family fortune. Here’s how he spends his money.

“That relationship has to be elevated in the next few years for us to really present Malaysia and Singapore as a seamless market.” The scope of the king’s wealth matters, particularly when it comes to …
Posted on February 2, 2024

Electrolux to shut Singapore regional HQ by May, impacting 100 to 200 employees

SINGAPORE – Swedish home appliances maker Electrolux will be shutting its regional headquarters in Singapore by May, potentially affecting around 100 to 200 employees, The Straits Times has learnt.
Posted on February 2, 2024

Shou Zi Chew, CEO of ByteDance-owned TikTok, had to confront claims about ties to China in the U.S. Senate: ‘Senator, I’m Singaporean’

T ikTok was one of several social media companies present at Wednesday’s U.S. Senate hearing on online safety for children. But CEO Shou Zi Chew had to face a barrage of questions
Posted on February 2, 2024

CapitaLand Ascott Trust divests Citadines Mount Sophia Singapore for S$148 million

Transaction is part of CLAS’ active portfolio reconstitution strategy to drive sustainable returns to Stapled SecurityholdersSingapore – …

( read original story …)



Posted on February 2, 2024

Tycoon Wee Cho Yaw’s UOL Submits Top Bid For Prime Singapore Site

Billionaire Wee Cho Yaw’s UOL Group and its unit Singapore Land submitted the top bid of $320 million for a prime residential plot in the Orchard Road shopping belt.

( read original story …)



Posted on February 2, 2024

CapitaLand Ascott Trust to sell Citadines property for $148 million

Citadines Mount Sophia Singapore is being sold at 19.4 per cent above its book value as at end-2023. Read more at straitstimes.com.

( read original story …)



Posted on February 2, 2024

Singapore Savings Bond: Latest interest rate and guide to investing (February 2024)

The Monetary Authority of Singapore (MAS) has released information on the Singapore Savings Bond (SSB) latest tranche which has a total average return per year of 2.88 per cent with a first-year …

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