City Singapore Financial News

tax benefit is spurring US companies including PepsiCo Inc. and International Business Machines Corp. to sell bonds through their Singapore subsidiaries, fueling a record surge of sales from borrowers in the city state. The tactic can allow companies to deduct interest expense from their taxable income in both the US and Singapore. That double deduction means that effective borrowing costs — after taxes — can be materially lower than they would be with a bond issued in the US.

New York because of hurdles to the listing in the US, according to people with knowledge of the matter. Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information. Shein is still working on its application to list in the US as its preferred location, the people said.

Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter. Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information.

China’s C919 single-aisle jet made its international debut at the Singapore Airshow, attracting masses of visitors and hundreds of orders, but analysts say it still has a long way to go before it can compete with aircraft from market leaders Boeing and...

The real estate market in India has been witnessing exponential boom over the last two years. With rentals skyrocketing, the sector has remained buoyant with property owners enjoying the lucrative appeal of their property investment. And it is interesting to note that the net rental yield in India is one of the highest in the world.

Brokerage firm OANDA is launching crypto trading in the UK and will be based in London, and the new business will be dubbed, “OANDA Crypto,” according to a CoinDesk report by Ian Allison.

By Xinghui Kok, Lisa Barrington and Brenda Goh

By Gerry Doyle

More than half of finance-savvy Singaporeans have embraced cryptocurrency and consider it the future of finance. 

By Lisa Barrington, Brenda Goh and Joe Brock

The Singapore Airshow – Asia's largest – kicks off Tuesday with an array of aerial displays including some by China’s COMAC C919 narrow-body airliner

Singapore-based early-stage venture capital firm Farquhar VC has partnered with Asia’s leading Tezos blockchain Incubator, TZ APAC, to support new talent in Asia.

(Reuters) -Singapore Airlines Ltd (SIA) reported a 4.9% jump in its quarterly net profit on Tuesday, boosted by a strong air travel demand in key markets.

By Xinghui Kok and Joe Brock

Adani Group is reportedly in advanced discussions with prominent sovereign funds based in West Asia to secure funding of up to $2.6 billion. This potential move to raise funds is part of the conglomerate's expansion plans for airport infrastructure and green hydrogen projects, Business Standard reported. Adani Group has embarked on a series of roadshows in key financial hubs such as London, Dubai, and Singapore. During these engagements, Adani executives have been briefing potential investors on the company's future endeavors.

Thailand Prime Minister Srettha Thavisin stated that Taylor Swift's "The Eras Tour" will not be held in Thailand due to a contractual agreement with Singapore, preventing her from performing elsewhere in the ASEAN region. As reported by Thai Enquirer reported that Thai PM Thavisin had conversed with the concert organizer, who disclosed the existence of the agreement preventing Taylor Swift from performing in Thailand as part of “The Eras Tour".

Vistara and Air India pilots will have a uniform salary structure from March as the two airlines integrate their human resource departments as part of a broader consolidation of the Tata group's aviation business. As part of this, pilots of Vistara will get a fixed salary for 40 hours instead of the current 70 hours. They will get paid for extra flying hours and will also earn an additional amount as a reward based on the years of service with the airline, according to a memo sent to pilots and reviewed by ET. While restructuring of salary is the first step, both the companies will also align policies and other benefits subsequently, the pilots were told. However, a complete integration of operations will take time as it will happen only after receiving regulatory approvals.

By Xinghui Kok and Joe Brock

Infosys: Recovering from the loss of a billion-dollar deal in December, Infosys has kicked off 2024 with momentum, securing two significant contracts. The most recent is a $300 million contract with Singapore-based Pacific International Lines running until 2027, according to industry executives. The Singapore deal marks Infosys's second significant multi-year contract announcement within a month, following a seven-year agreement with Irish food retailer Musgrave on 31 January to automate its IT functions using AI and cloud solutions.

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By Xinghui Kok