Singapore Financial News

The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips

The death sentence for real estate tycoon Truong My Lan has been upheld in Vietnam’s largest fraud case, the scale of which had raised concerns about the country’s economy

Cipla shares are in focus today after Samina Hamied and Rumana Hamied, promoters of the pharmaceutical company, exited by selling their 1.72% stake for Rs 2,111 crore through open market transactions. Investors including the Singapore government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities, Citigroup, Morgan Stanley, Goldman Sachs, Norges Bank, UBS, and Copthall Mauritius bought stakes in Cipla. According to block deal data available on the National Stock Exchange (NSE), Samina sold 89.54 lakh shares of Cipla, while Rumana Hamied offloaded 49.43 lakh shares, amounting to a 1.11% and 0.61% stake, respectively.

For NRIs, international money transfers are more than just financial transactions; they keep people connected to their family back home. According to the Reserve Bank of India, the majority of inward remittances support family needs. Having moved from India to Singapore for education in 2006 and staying on for work, I, too, send money back home on a monthly basis. Through my experiences — particularly after joining a company specializing in cross-border payments — I’ve come to understand that the process for most people is often far more complicated and costly than it has to be.

Southwest Airlines is ending its cabin service earlier starting next month

Subscribe to enjoy similar stories. Investors exiting India have net-sold over ₹2 trillion worth of shares this fiscal, setting the stage for what could be the worst year for foreign portfolio outflows on NSE's secondary market. As US bond yields rose and quarterly earnings disappointed amid lofty valuations, foreign institutional investors (FIIs) net-sold a record ₹1.17 trillion in the secondary market in NSE's cash segment in October.

Competition Commission of India (CCI) on Tuesday approved the investment of Singaporean sovereign fund Temasek in Rebel Foods, the parent company of Faasos and Behrouz Biryani. The deal will be a mix of both primary and secondary share sales, with a nearly flat valuation compared to its previous round nearly three years ago. The secondary sale will be at a lower valuation of around $700 million. US-based Coatue and homegrown fund Lightbox may also partially divest their stakes in this round.

domestic air passenger traffic grew 5.3 per cent to 1.36 crore in October from 1.26 crore in the same month last year, aviation regulator DGCA's monthly data showed on Tuesday. During the reporting month, budget carrier IndiGo carried 86.40 lakh passengers, clocking a market share of 63.3 per cent, followed by Tata Group-run Air India and Vistara, which flew 26.48- lakh and 12.43-lakh travellers, respectively. Air India numbers include the number of passengers flown by its low-cost arm Air India Express, as per data. Air India merged its subsidiary AIX Connect with its low-cost international budget arm Air India Express on October 1 this year. The merged entity named as Air India Express now operates as the low-cost arm of Air India.

Pulwama terror attack to extort money from a Hyderabad-based IT professional. The victim, a 29-year-old woman residing in Gachibowli, was recently swindled of Rs 2 lakh after fraudsters threatened her with a seven-year jail sentence and a fine of Rs 20 lakh, claiming that her accounts were linked to the perpetrators of the deadly attack that claimed the lives of 44 CRPF personnel. According to the Cyberabad police, the victim first received a call from an unknown number claiming that a parcel addressed to her had been returned to a FedEx office in Mumbai due to its suspected illegal nature.

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.

free trade agreement in goods in February, the commerce and industry ministry said Saturday, adding that the fourth round of the negotiations was concluded here this month.

Viswanathan Anand explains in “simple terms” the mind games involved in choosing openings for a championship finale.

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

Ridham Desai, Head of India Research and Chief India Equity Strategist,Morgan Stanley, says India is in a strong position and there's no need for concern. However, stricter policies could pose challenges in the latter half of next year. The recent growth slowdown was temporary, influenced by elections and heavy rains. By the end of September, the government's cash balance with the RBI was nearly Rs 3.6 trillion, indicating deferred spending, resulting in a fiscal deficit of 3.4%, well below the 4.9% target. The government's cash balance has now decreased to below Rs 60,000 crore, and since October 1, they have spent Rs 3 lakh crore in addition to tax revenues. Desai says India will be one of the rare exceptions which will stop borrowing to pay interest in about three years and will move to primary balance. When that happens, government debt to GDP will fall because nominal GDP in India is still 10-11%. It will create major space for the private sector to re-lever and a major lending boom in the private sector can be expected, accompanied by a big capex cycle.

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

President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term

As often seems to be the case, Ajay Kumar's long tenure as a top trader in an investment bank, doesn't seem to have been perpetuated since he left to work on the buy-side.

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.