City Singapore Financial News

₹10 per liter for petrol and 12.6 per liter for diesel in Q1FY24, primarily led by a decline in Brent prices and the retail fuel prices remaining unchanged during this period. Brent crude prices averaged $78.4/bbl during the quarter, declining 3% QoQ as demand concerns have thus far overshadowed the impact of production cuts. Read all Q1 Results here Meanwhile, Singapore GRM of OMCs declined to $4.0 per barrel from $8.2 per barrel in Q4FY23, with middle distillate cracks declining during the quarter.

A recent ruling by Judge Philip Jeyaretnam of the High Court of Singapore surprised the crypto community, as the judge declared that digital currencies are not different than fiat money. 

Tata Group backed Indian Hotels Company reported revenue from operations of Rs 1466 crore for the quarter ended June, up 16% year on year. The company clocked a profit of Rs 236 crore, up 30.3% year on year.IHCL MD and CEO Puneet Chhatwal said it was a 'historical' quarter one with the highest ever revenue and profit after tax numbers reported by the chain.

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Digital asset trading platform Securitize has begun tokenizing equity in the Spanish real estate investment trust Mancipi Partners, it announced on June 27. The firm expects to launch secondary trading on the Avalanche blockchain in September. 

Singapore'sUnited Overseas Bank is expecting «some upside» in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight.

By Rae Wee

NEW DELHI : Six major Asian economies, China, Hong Kong, Japan, South Korea, Singapore and Taiwan, which comprise one-fifth of the world’s population, will experience rapid decline in their working-age populations that is expected to drop about 10 percentage points by 2050 to 59% of their total populations on average, leading to major impact on global economic growth, Moody’s Investors Services said in a report on Wednesday. The drag on growth and public finances for these economies will be significant, barring gains in productivity, workforce participation or quality of available labour, said the report titled “Aging in key economies will drag on growth and finances, with global credit implications".

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Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it. 

InVentry, a UK-based global leader in technology solutions, has acquired Singapore-based Hipla Technologies, a pioneer in smart workplace management solutions. The acquisition is part of InVentry’s global expansion plan and will support their international growth strategy across both Singapore and India.

Lok Sabha elections, Deve Gowda said, "JDS will never sink...We will fight for parliament elections independently and will not take any help from any party. Let me be very clear.

capital market regulator’s approval to raise funds through an initial public offering (IPO). The Chennai based company had in April refiled draft red herring prospectus (DRHP) with Securities & Exchange Board of India (SEBI) for the IPO. It has obtained Sebi’s observation letter on July 18.

All over Singapore, bright yellow containers have started popping up in unassuming places – at the airport, in a park and in front of a shopping mall. Inside them, people are breaking a sweat.

Bengaluru: Karnataka Deputy Chief Minister DK Shivakumar on Monday said he had information that a plot was being hatched in Singapore to topple the state's Congress regime, setting off a minor tremor in the political circles. Shivakumar, who also heads the Karnataka Pradesh Congress Committee (KPCC), told media in Bengaluru that he had come to know about the conspiracy being hatched against the government on foreign shores.

NEW DELHI : New Space India Ltd (NSIL), the commercial space missions arm of the Indian Space Research Organisation (Isro), on Monday, announced the second consecutive commercial space mission, scheduled to take-off aboard Isro’s trusted rocket Polar Satellite Launch Vehicle (PSLV) on 31 July. The mission, numbered PSLV-C56, will deploy one primary and six additional satellites as part of the mission’s entire payload.

climate change, many countries in the world, including Singapore, are seeing rising temperatures, the Ministry of Sustainability and the Environment and the National Environment Agency said in a release, “It is therefore important for members of the public to adapt." Singapore — located close to the equator with average monthly maximum temperatures of 31-32C (88-90F) — recorded its hottest day in four decades in May with a reading of 37 C. The government has warned of worsening air quality and said the upcoming haze season may be the hottest and driest since September 2019.

Singapore, along with six co-passenger satellites, from ISRO's Sriharikota spaceport on July 30. The satellites would be launched from the first launchpad at 6.30 am, the space agency said. The DS-SAR satellite is developed under a partnership between Singapore's Defence Science and Technology Agency (DSTA) (representing the Government of Singapore) and ST Engineering. Once deployed and operational, it will be used to support the satellite imagery requirements of various agencies within the Government of Singapore. ST Engineering will use it for multi-modal and higher responsiveness imagery and geospatial services for their commercial customers. DS-SAR carries a Synthetic Aperture Radar (SAR) payload developed by Israel Aerospace Industries (IAI). This allows the DS-SAR to provide for all-weather day and night coverage, and capable of imaging at one metre resolution at full polarimetry. The NewSpace India Limited (NSIL), a central public sector undertaking under the Department of Space, procured the PSLV-C56 to deploy the 360-kg DS-SAR satellite from DSTA & ST Engineering, Singapore, the Indian Space Research Organisation (ISRO), the national space agency headquartered here, tweeted on Monday.

After France, UAE and Singapore, now our southern ... moreAfter France, UAE and Singapore, now our southern neighbour Sri Lanka is also set to accept India's Unified Payments Interface.

One of the world’s biggest airlines, Turkish Airlines, has been forced to put its plans of expanding services into Australia indefinitely on hold after it failed to win government approval in time for an expected launch of highly sought after capacity to Europe from Melbourne and Sydney.

Air India will lease three Boeing 777-300 ER from Singapore Airlines as it expands its fleet modernisation strategy. These aircraft are in addition to the 11 777 leased aircraft and will be used to phase out the older 777-200 aircraft which were inducted in 2009. These aircraft have older cabins and often have been subject of passenger ire due to crumbling seats, broken lavatories and dysfunctional seat-back entertainment screens.