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News
ECB lifts borrowing costs amid energy shock, opens door for more hikes
3+ day, 18+ hour ago (587+ words) The European Central Bank raised interest rates Thursday for the second time this year as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes. As widely anticipated, the central bank for the 21 eurozone…...
Malaysian ringgit falls to lowest versus Singapore dollar since November
5+ day, 5+ hour ago (339+ words) Yahoo News Singapore (Bloomberg) -- Malaysia's ringgit fell to a 10-month low versus the Singapore dollar, weighed by foreign stock outflows while the island state's currency is supported by a hawkish monetary policy stance. The ringgit falls 0.2 per cent against the…...
Halimah Yacob says she now thinks twice about patting children after Roxy Square incident; COE premiums rise across most categories, with Cat A above $128,500: Singapore live news
3+ week, 4+ day ago (1577+ words) Former Singapore president Halimah Yacob said Wednesday (19 Aug) that she now has to "constantly restrain" herself from patting children on the head, following an incident at Roxy Square where a 73-year-old man was allegedly pushed to the ground after patting…...
Will HDB prices rise with new income ceilings and removal of wait-out period?
1+ week, 4+ day ago (175+ words) If you're a private condominium owner looking to downgrade, or a family considering buying a BTO flat, the two recent housing policy changes would have brought some relief. In July, the 15-month wait-out period for private residential property owners who…...
Eurozone inflation hits three-year high at 3.3% in August
1+ week, 5+ day ago (349+ words) Eurozone inflation jumped to 3.3 percent in August, the highest level in three years, as the war in the Middle East kept pushing up energy costs, official data showed Tuesday. Well above the European Central Bank's two-percent target, the figure from…...
Singapore’s RIE2025 plan saw more business spending, more jobs created in R&D
2+ week, 7+ hour ago (873+ words) SINGAPORE – Singapore is the pilot site for Swiss pharmaceutical giant Roche's global effort to accelerate precision medicine in the treatment of cancer because of its strong research and clinical capabilities, among other reasons. Roche also partnered with local institutions such…...
New $300m grant to fund nascent technologies in Singapore under RIE2030
2+ week, 7+ hour ago (636+ words) SINGAPORE – A new $300 million grant in Singapore has been established to help turn promising research into technologies that businesses can invest in. The grant will support these technologies until they are commercialised via spin-off companies or licensing to enterprises, ripe…...
SingPost Q1 operating profit up 55.2% to $4.1 million
2+ week, 4+ day ago (451+ words) SINGAPORE – Singapore Post (SingPost) recorded an operating profit of $4.1 million for its first financial quarter ended June 30, up 55.2 per cent from $2.6 million in the corresponding year-ago period. The growth was driven primarily by cost management, lower labour-related costs and efficiency…...
Indian economic growth likely slowed to 7.1% in April-June quarter: Reuters poll
2+ week, 5+ day ago (509+ words) BENGALURU, Aug 25 (Reuters) - Indian economic growth slowed slightly to 7.1% in the April-June quarter, according to a Reuters poll of economists, on more subdued private investment, though supported by consumer spending and government expenditure. Last year's Goods and Services Tax rate…...
Hyundai reaches tentative deal with workers after strike
2+ week, 6+ day ago (304+ words) South Korean automaker Hyundai Motor and the union representing its workers have reached a tentative deal on wages and bonuses, both sides said on Tuesday after a rare full-day strike. Around 40,000 employees of a roughly 73,000-strong domestic workforce at the…...