City Singapore Financial News

Malaysia and Singapore leaders have signed an agreement to create a special economic zone to attract global investment and ease the cross-border flow of goods and people

credit card fraud to buy over S$65,000 (US$47,000) worth of tickets to Universal Studios Singapore (USS). He has now been jailed for four years, four months and four weeks on Friday, reported Channel New Asia.

Subscribe to enjoy similar stories. India’s capital markets watchdog has unearthed a sophisticated trading web linking a convicted stock market manipulator, a Singapore-based trader, and a US fund’s confidential orders. This alleged front-running scheme, involving Ketan Parekh and Rohit Salgaocar, has brought the regulator's unrelenting pursuit of financial malpractice into the spotlight.

Subscribe to enjoy similar stories. Alpha Wave Global-backed payments fintech Mswipe is expanding its international network into three new regions to take advantage of higher margins, said co-founder and chief executive Ketan Patel, following a series of pivots in the business and marginal growth in revenue in the last fiscal. The company plans to expand into the UK, Malaysia, Nepal, and other markets within the next six months, following its successful entry into the United Arab Emirates (UAE) and Singapore in 2024, Patel told Mint on 31 December.

low ash metallurgical coke for six months from January 1 to June 30, 2025, according to a notification. The government has also imposed quantitative restrictions (QR) on the imports from certain countries, including Australia, China, Colombia, Indonesia, Japan, Poland, Qatar, Russia, Singapore, Switzerland, and the UK.

Subscribe to enjoy similar stories. He’s too young, they said. Too inexperienced.

Swan Energy has signed a preliminary agreement with Singapore’s AG&P Terminals & Logistics to form a joint venture for supplying liquefied natural gas in India and other countries, the company said in a regulatory filing on Friday. Swan Energy will hold a 51% stake in the JV and AG&P LNG the remaining. AG&P LNG will also collaborate on Swan Energy’s LNG regasification terminal and will also have an option to take equity stake, the companies said. The companies will also form another JV for a floating storage and regasification unit (FSRU) and a floating storage unit to operate Swan Energy’s LNG terminal. AG&P LNG will hold 51% stake in this JV with Swan holding the rest.

Subscribe to enjoy similar stories. India's chess prodigy Gukesh Dommaraju scripted history on Thursday, outsmarting reigning champion China's Ding Liren to become the youngest world champion after a fortnight-long battle of nerves and knack. As the news poured in from Singapore, marketers had found a new mascot.

Subscribe to enjoy similar stories. State-run oil marketing companies (OMCs) are set for a better December quarter (Q3FY25) after seeing earnings drop sharply year-on-year in the first half of the fiscal year. Amid healthier demand for crude oil and refined products in November, largely stable crude prices improved refining and marketing margins.

Subscribe to enjoy similar stories. Earlier this year, Singapore’s government noted with alarm that the country’s total fertility rate (TFR) in 2023 had fallen to a record 0.97. TFR is the average number of children born to a woman during her lifetime.

Barclays just promoted 66 new managing directors (MDs) in its corporate and investment bank (CIB). We have the list (before everyone else) below. 

India registered a commanding 35-22 win over Singapore at the Asian Women's Handball Championship in Delhi on Sunday, opening up the opportunity for their best-ever finish in the tournament. India, who have never finished above sixth, will face China on Tuesday in the 5th/6th place playoff match. Charged by the backing of their fans, India opened the placement match against Singapore with high energy, leading 9-6 midway through the first half, courtesy Menika and Bhawana Sharma's consistent scoring. At the other end, captain Diksha Kumari and goalkeeper Nina Shil, who made key saves including a penalty, kept Singapore at bay.

Foreign direct investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at USD 1,033.40 billion during the said period. About 25 per cent of the FDI came through the Mauritius route. It was followed by Singapore (24 per cent), the US (10 per cent), the Netherlands (7 per cent), Japan (6 per cent), the UK (5 per cent), UAE (3 per cent) and Cayman Islands, Germany and Cyprus accounted for 2 per cent each. India received USD 177.18 billion from Mauritius, USD 167.47 billion from Singapore and USD 67.8 billion from the US during the period under review, as per the data.

Paytm operator One 97 Communications on Friday informed exchanges about the company's plans to sell its stake in Japanese digital payments company PayPay Corporation. Paytm in its regulatory filing said the board of directors of One97 Communications Singapore Private Limited in a meeting on Friday gave an approval for the said transaction. One97 Communications Singapore is a wholly-owned subsidiary of Paytm Singapore.

Subscribe to enjoy similar stories. NEW DELHI : NTPC Green Energy Ltd (NGEL) is in talks with global airlines including British Airways, Lufthansa, Singapore Airlines, and Virgin Atlantic, among others, to secure deals for supplying sustainable aviation fuel (SAF). The cleaner aviation fuel will be supplied from NGEL's green hydrogen hub in Andhra Pradesh, which is yet to begin production, said a person familiar with the developments.

Going by this ratio, different countries in the world have different moments of overvaluation. Japan in 1997-90, Singapore in 1993-94 and again in 2006-07, China and India in 2007, UK in 2007 and 2014.

The Singapore pavilion at the United Nations climate talks offers attendees free beer with an ingredient that's surprising to many — treated wastewater

There are few industries that reward a job well done with a big pay package and termination. Banking is one of them.

Singapore’s red-hot leasing market for private housing finally began to cool this year as supply of new apartments got the better of post-pandemic demand. Although the outlook for 2025 is still unclear, the dice seem to be loaded in favor of tenants. While landlords will fight tooth and nail to pass the burden of property taxes and interest rates when contracts come up for renewal, global banks, tech firms, and other multinationals may be cautious about how many more employees they bring into the city-state. As a major Asian financial center, Singapore is highly exposed to the current uncertainty in the global economy. The post-election euphoria around President-elect Donald Trump’s economic agenda of deregulation and tax cuts is starting to wane. Higher-for-longer borrowing costs are emerging as a real risk. After jumping nearly 60% in three years, the island-wide rental index has softened by 4% over the last four quarters. The decline would have been somewhat sharper had it not been for a small bounce in the three months to September.

A Singapore oil magnate has been sentenced to 17.5 years in prison for fraud and forgery in a case that prosecutors said has tarnished the city-state’s reputation as Asia’s leading oil trading hub

Singapore Airlines CEO Goh Choon Phong on Monday said the airline group will support the ongoing transformation of the enlarged Air India Group by offering «our stewardship and expertise where possible» as he emphasised that Air India-Vistara merger marks a pivotal moment for Indian aviation. In his first comments after the completion of the merger on November 11, he also said that Singapore Airlines is committed to deepening its commercial collaboration with Air India. Vistara was a joint venture between Singapore Airlines and Tatas, and with the merger, Singapore Airlines has a 25.1 per cent in Tata Group-owned Air India. At a symbolic ceremony in the national capital on Monday, Tata Sons and Singapore Airlines celebrated the merger. Tata Sons Chairman Natarajan Chandrasekaran, Goh Choon Phong, as well as senior management and employees from Tatas, Singapore Airlines, Air India, and Vistara were present, according to a joint release by Singapore Airlines and Tata Sons.