Economy

Singapore to launch blockchain technology for interbank payments

Singapore central bank clarifies regulatory position on digital tokens

MAS defines digital token as a cryptographically-secured representation of a token-holder's rights to receive a benefit or to perform specified functions.

Aug 1, 2017

By Kiersnerr Gerwin Tacadena

Singapore: Strong interest income boosts UOB's net profit to S$845m

In the past quarter, the group was supported by a robust net interest income, which increased 12% to S$1.36 billion.

Jul 28, 2017

By Kiersnerr Gerwin Tacadena

Singapore: OCBC alerts public on rising phone scams impersonating the bank

OCBC's net profit climbs 22% to S$1.08b in Q2

OCBC CEO said the strong business momentum was achieved across all three business pillars – banking, wealth management and insurance.

Jul 27, 2017

By Kiersnerr Gerwin Tacadena

Singapore SMEs lag on debt repayments

According to the released by the DP Information Group, the percentage of SME debt paid on time fell to just 37 per cent in the second quarter of 2017.

Jul 27, 2017

By Kiersnerr Gerwin Tacadena

Biomed sector boosts Singapore's manufacturing output growth to 13.1%

The ever-strong electronics cluster reflected a 25.5 percent output expansion in June.

Jul 26, 2017

By Kiersnerr Gerwin Tacadena

AI tech to boost Singapore's annual economic growth to 5.4% in 2035

The city-state is even ahead of the largest economies in the globe including the United States, Germany, United Kingdom and Japan.

Jul 22, 2017

By Kiersnerr Gerwin Tacadena

Anthony Scaramucci is Donald Trumps new White House communications director

Wall Street financier Anthony Scaramucci is the new White House communications director. The position has been empty since the resignation of Mike Dubke in May. Scaramucci is a longtime supporter and major donor of Trump, and was a member on his transition team during the 2016 election. Known to his friends as Mooch, Scaramucci has made multiple TV appearances defending Trump during the election, after raising funds for Scott Walker and Jeb Bush during the primaries. Prior to joining Trumps team, Scaramucci was a hedge fund manager, and a longtime Republican party fundraiser. He was a self-proclaimed top fundraiser for Mitt Romney in 2012.

Jul 22, 2017

By Staff Reporter

Incredible air traffic video reveals UKs busy skies

U.K. air traffic controllers expect to handle more than 8,800 flights today (21 July) – the busiest day on record for UK airspace. This graphic animation shows the volume of air traffic over the U.K. in a 24 hour period on June 06, 2017.

Jul 22, 2017

By Staff Reporter

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore Telco: M1's half-year net profit slumps 17.6% to S$68.8m

M1's mobile telecommunications and international call services clocked in a revenue of S$345 million in the first half of the year.

Jul 19, 2017

By Kiersnerr Gerwin Tacadena

Jane Austen 200: New two pound coin marks anniversary of writers death

The designer of the Jane Austen £2 coin, Dominique Evans, speaks about how the new coin came about.

Jul 18, 2017

By Staff Reporter

MTI, STB seek feedback on amendments for travel agents law

Singapore least in productivity? No, it's caught in 'future shock'

Respondents in Singapore spend the least time on their core duties at 60 per cent, compared with a poll average of 72 per cent.

Jul 15, 2017

By Nagesh Narayana

Singapore economy grows 2.5% on back of robust manufacturing

According to HSBC economist Joseph Incalcaterra, Singapore remains bullish in this sector given the assumption of a strong rebound in industrial production (IP).

Jul 14, 2017

By Kiersnerr Gerwin Tacadena

Singapore among countries with most advanced digital economy

The study which reveals Singapore's position in the list of countries with the advanced digital economy has been done by Fletcher School at Tufts University and Mastercard.

Jul 13, 2017

By Kiersnerr Gerwin Tacadena