Singapore

Singapore's Biggest Bank DBS Cuts CEO’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.

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Singapore Could Emerge as a Premier Global AI Hub, Google Exec Says

Singapore Could Emerge as a Premier Global AI Hub, Google Exec Says

A Google Cloud executive said that Singapore's environment that fosters innovation could make the country a global powerhouse in the AI industry.

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Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore

Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore

Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.

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Singapore Penalizes Banks For 1MDB Linkages

The country of Singapore regulators said Friday they will fine two banks a total of over $5.3 million for having breached money laundering rules in dealings with an indebted Malaysian state fund.

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New App Enables Singaporeans To Buy Products From Bangkok

Shopaholics in Singapore can now get ease with the burden of traffic and large crowd as a new app allows them to have a hassle-free Bangkok shopping experience.

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Singapore Commences Trial On An Ex-Banker Linked To 1MDB Fund

A private Singaporean banker is under investigation as he was linked to 1MDB Fund.

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PM Lee of Singapore visits Australia to strengthen regional ties

The prime minister of Singapore spent a three-day visit in Australia. The two countries had a trade agreement. Its purpose it to strengthen its ties in economy and in defense.

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Alibaba Gets $1 Billion Stake Investment In Lazada

Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.

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Ubisoft Managing Director Noticed Trust Established by Filipinos in Ubisoft Singapore, Expands Studios to the Philippines

Game developer Ubisoft is expanding its business to the Philippines and will be named Ubisoft Philippines. It will be headquartered in Sta. Rosa, Laguna which is a great geographical site. One reason for the move is the trust established by Filipino employees led by manager Chip Go that was being noticed by Ubisoft Managing Director Oliver de Rotalier.

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Australian Tech Firms Are Heading Toward Singapore Industry

Australian tech companies are heading to Singapore to support their businesses. Some tech companies are expecting Singapore to be one of the startups landing pads established by the Australian government to help companies access the global business network.

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MyRepublic Ltd. Seek Profit in Three Years as The Fourth Singapore's Mobile-Phone Carrier Provider

Internet service provider MyRepublic bid to become the fourth mobile-phone carrier in Singapore. The company aim to reach profit within three years of operation.

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Singapore's GDP increases 1.8% in Q4, 2015 growth at 2%

Singapore's GDP has increased 1.8 % in the fourth quater in 2015. For the full year of 2015, it has increased 2%.

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Singapore to Auction Radio Frequency, Singtel CEO Worried Competitor Focus on Price

The possible entry of a fourth mobile operator in Singapore due to the country's decision to auction radio frequency has caused much disquiet among the existing telecom operators. Among them, Singtel CEO has been most vocal about this decision, stating her concern about the market getting too focused on price leading to profit reductions and dividend cuts, leaving no scope for innovation.

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Home prices in Singapore fell in 2016, urges government to reverse its restraint

The Singapore government had slammed certain caps on private housing sector, to cool an overheated market. This has been a rising concern for the city builders, especially after Singapore recorded a repetitive falling graph for 17 years running. However, it remains to be seen if the government deems fit for the bans to be lifted given the current residential property scenario.

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Qualcomm & TDK Form $3 billion Venture To Develop Smart Phones Using Radio Frequency Chips

Qualcomm Inc. and TDK group tie up to form a $ 3 billion project in Singapore. After completion of the venture by 2017, Qualcomm will own 51% of the new company with a provision to purchase TDK’s stake at a later time. Following the joint venture, Qualcom’s share price has fall a little but TDK share price has jumped by 5.5%, highest change within last two moths.

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