The Australian state of Victoria on Wednesday reported a record 21 virus deaths and 410 new cases from an outbreak in the city of Melbourne that has prompted a strict lockdown. State Premier Daniel …
Breakingviews – Temasek MAC attack draws Singapore’s bailout line
Singapore’s Temasek is asserting itself as a provider of patient rather than reckless capital. The sovereign investment vehicle has escaped a $3 billion deal to increase its stake in …
Investors Should Remain Conservative: Bank of Singapore CEO
Bahren Shaari, chief executive officer at Bank of Singapore Ltd., discusses client sentiment on markets, his advice for investors and the outlook for markets. He speaks exclusively on “Bloomberg …
Breakingviews – Hong Kong will be lucky to end up like Singapore
Hong Kong will be lucky to end up like Singapore, or even a second-tier Chinese city. Police arrested pro-democracy media mogul Jimmy Lai for “foreign collusion” on Monday. Meanwhile, Chief Executive …
Wing’s proven experience is easing financial transfers between Cambodia and Singapore
As one of Cambodia’s leading mobile banking service providers, Wing (Cambodia) Limited Specialised Bank is hard at work expanding its international network.
Insurer Axa weighs sale of Singapore business to raise cash
Axa is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter.. Read more at straitstimes.com.
Singapore PM’s nephew says will pay S$15,000 fine in contempt of court case
The Singapore prime minister’s nephew said on Tuesday that he would pay a S$15,000 (8,346 pounds) fine for contempt of court, but that he did not admit guilt in the case.
Singapore’s trade finance startup Incomlend raises $20M led by Sequoia Capital India
Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday.
Singapore’s economic contraction in the second quarter was worse than initial estimates
The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. Previously, it had expected the country’s GDP to fall …
Virus-hit Singapore’s Q2 recession deeper than estimated
Singapore’s virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country’s first recession in more than a decade was deeper than initially estimated, official data …