Singapore Financial News

Montenegrin Prime Minister Milojko Spajic was an early investor in the failed crypto project Terraform Labs.

study abroad to demonstrate their readiness for academic success in English-speaking environments. Almost all universities in popular overseas education countries such as the US, UK, Australia & Canada, and even in emerging destination markets such as Germany, France, Singapore, Dubai among others requires an English Proficiency Test and accepts TOEFL iBT test scores for the same. The fear of taking an English proficiency test is often higher in aspirants who have studied in vernacular languages, as opposed to those who have had their education with English as a medium of instruction. However, with the right preparation and learning resources, aspiring Indian students can easily get the requisite scores for TOEFL test. The TOEFL iBT test is a crucial step for Indian students aiming to study in any domain across undergraduate, graduate or post graduate programs in English-speaking countries or enroll in English-taught programs globally. The test evaluates proficiency in English and the learner’s ability to understand and use it in an academic context. The TOEFL iBT assesses your English language proficiency across reading, listening, speaking, and writing.

Long-term capital gains (LTCG): Profits from the sale of equity shares held for more than 12 months are classified as LTCG. But the same for land or real estate transactions are considered LTCG if the holding period is 24 months. LTCG, from the sale of equity exceeding ₹1 lakh in a fiscal year, is taxed at 10% without indexation benefit.

Singapore authorities say a dredger boat reported a sudden loss in engine and steering control before it hit a cargo tanker last week, causing the oil spill that has blackened part of the city-island’s southern shores

Crypto startups have experienced a significant surge in funding over the past decade, surpassing the impressive milestone of $100 billion since May 2014.

A cleanup was underway after an oil spill caused by a dredger boat hitting a stationary cargo tanker blackened part of Singapore’s southern coastline

The Reserve Bank of India (RBI) issued a circular on 7 June, relaxing overseas investment regulations and clarifying ambiguities for wealthy Indians, business families, and startups seeking to invest in foreign securities, funds, and companies. 

Trade openness is measured as the ratio of trade to GDP. India’s is close to 50%, as per World Bank data. It used to be 7% in 1970, about 15% in 1980 and 1990, and jumped to 26% in 2000 and 49% in 2010.

fighter jets carried out complex missions along with F-16 and F-15 combat aircraft at a multi-nation mega military exercise in Alaska in the US. The key takeaways from participating in the Red Flag exercise for the IAF included insight on interoperability with international partners and a collaborative understanding of missions in a multinational environment, the defence ministry said on Sunday. The IAF contingent participated in the exercise from June 4 to 14. Besides the Indian Air Force (IAF), the exercise witnessed the participation of the Republic of Singapore Air Force (RSAF), the UK's Royal Air Force (RAF), the Royal Netherlands Air Force (RNLAF), the German Luftwaffe, and the US Air Force (USAF).

In a stock exchange notice published today (14 June), ANII chair Michael Hughes thanked Fong for her stewardship of the trust's investment portfolio. Fong joined abrdn in 2004 from Asian brokerage firm UOB Kay Hian, where she worked as an analyst. Thom has been with abrdn for over 13 years, having joined the firm in August 2010 as an investment manager on the Asian equities desk in Singapore. Prior to that, he worked as an intern and associate at Actis between 2006 and 2010. abrdn investments CEO Buehlmann: Closing GARS was 'difficult' but it was 'not right anymore' He will be a...

Pawan Kalyan's recent political victories have been widely celebrated, with his Jana Sena Party making significant gains in the Lok Sabha and Andhra Pradesh Assembly elections. Following these successes, Kalyan was unanimously elected as the party floor leader in the Andhra Pradesh Assembly, where JSP holds 21 seats. In a touching moment that captured public attention, Kalyan's wife, Anna Lezhneva, welcomed him home amidst jubilant celebrations. She performed aarti and applied a sacred tika on his forehead, a gesture that quickly went viral.

Yummo brand ice-cream ordered from Zepto on Thursday adds to the growing list of safety concerns raised over food items delivered by ultra-fast delivery firms. The customer has filed a police complaint.

Morgan Stanley bought 3,13,29,540 equity shares in L&T Finance for over Rs 534 crore via a block deal on Thursday. Its Asian arm Morgan Stanley Asia Singapore PTE bought shares at a price of Rs 170.60 apiece, which was Wednesday's closing price on the BSE. L&T Finance shares on Thursday ended at Rs 175.85, up Rs 5.25 or 3.08%.

Haldia Petrochemicals Limited (HPL) on Thursday announced an agreement with QatarEnergy to secure long-term naphtha supply. QatarEnergy will supply a total of up to 2 million tons of naphtha to HPL through its 100% subsidiary, HPL Global Pte Limited, Singapore over the next ten years. The deal will come into effect from the second quarter of 2024, HPL said in a press release.

A 34-year-old Vietnamese tourist was reportedly angry about visa fees emerged from the women's bathroom with no clothes, June 8, 2024 at Ninoy Aquino International Airport in Manila, Philippines. (Credit: Viral Press)

A high-ranking executive at London-based global payments processor Checkout.com, which once was the hottest startup in Europe, is on their way out.

based in Singapore, experienced numerous challenges while managing his investments as an NRI. Having a portfolio before moving to Singapore in 2019, he had to convert his resident demat account to NRI. The extensive documentation required by the broker demanded significant time and effort.

TVS Supply Chain Solutions, one of the largest and fastest-growing integrated supply chain solutions providers in India, gained nearly 9% in today's early trade after the company won a new 5-year strategic contract with Daimler Truck Southeast Asia Pte Ltd, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore. "This contract solidifies TVS SCS as a primary logistics partner for Daimler Truck AG, the world's largest manufacturer of commercial vehicles, reinforcing the organisation's commitment to delivering exceptional logistics services between Germany and the Asia-Pacific region.

gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty. Spot gold is trading a little over $2,300 per ounce, up about 12% year-to-date and only about 6% shy of the record high it hit last month.

Singapore Airlines has offered compensation to passengers of a flight that hit extreme turbulence last month