Headline News In 60 Seconds Daily 2024-11-27T08:01:11.043Z
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- 💸 Singapore Gulf Bank Explores US$50 Million Funding to Acquire Stablecoin Firm Singapore Gulf Bank seeks to secure up to US$50 million in funding to acquire a stablecoin firm. The potential acquisition is part of the bank's strategic expansion into digital assets, a priority in 2023.
- 🌏 Cultural Exchange Boosts Economic Ties: Shanxi and Singapore Strengthen Collaboration On October 5, 2023, Shanxi Province's delegation met with Singapore Manufacturing Federation leaders, fostering economic cooperation. Key stakeholders, like Mr. Li Meng, discussed joint ventures and $50 million investment prospects to enhance trade relations.
- ⚖️ Singapore Businessman on Trial: $1.1 Billion Nickel Scam Unveiled Lim Leong Wee, CEO of Envy Asset Management, faces trial starting November 26, 2024, in Singapore. He's accused of orchestrating a $1.1 billion nickel trading scam, affecting investors globally, including BHP Group Plc, over several years.
- 🏦 Singapore Banks: Stability Amid Volatility with Promising Earnings and Dividends In August 2023, Singapore's top banks DBS, OCBC, and UOB reported strong second-quarter earnings. DBS saw a 48% net profit rise to SGD 2.7 billion, OCBC's net profit grew 34% to SGD 1.7 billion, and UOB's profit increased 27% to SGD 1.4 billion. Their performance contrasted global market instability, positioning them as reliable investments.
- 🤝 Enhanced Sino-Singapore Ties: SM Lee Highlights the Strategic Importance of Collaboration Amid Global Uncertainty Singapore’s Senior Minister (SM) Lee noted the strategic importance of cooperation with China during a Bloomberg Emerging + Frontier Forum held on October 4, 2023, emphasizing resilience during global volatility.
- 🌟 The Community Foundation of Singapore Wins Fourth Charity Transparency Award The Community Foundation of Singapore was awarded the Charity Transparency Award for the fourth time on October 11, 2023, acknowledging its commitment to exemplary governance and financial transparency in the non-profit sector.
- 💼 Singapore Businessman in Court: Alleged $1.1 Billion Nickel Scam Unfolds Ng Yu Zhi, a 34-year-old businessman, is accused of orchestrating a $1.1 billion nickel trading scam involving fraudulent investment schemes from 2017 to 2021. His trial began on October 3, 2023.
- 👨⚖️ Singapore Tycoon on Trial: Accused of US$1.1 Billion Nickel Scheme Ng Yu Zhi, former director of Envy Global Trading, goes on trial in Singapore for masterminding a US$1.1 billion nickel trading scam. Allegedly deceiving investors through fake trades, Ng was charged on March 22, 2022, with fraud and forgery, involving over 250 individuals lured by promised high returns. His case significantly impacts Singapore’s financial sector's integrity.
- 📈 Extend Regulation to Trainers of Financial Practitioners in Singapore, Urges Industry Body IBF Singapore recommends regulatory oversight for trainers of financial professionals to ensure competence and accountability. On October 17, 2023, Sylvia Lim highlighted the need for consistent educational standards and ethical guidelines.
- 🌐 Airple Unveils Innovative Platform to Transform Aircon Services in Singapore On November 26, 2024, Airple introduced a groundbreaking platform aiming to streamline air conditioning services in Singapore. Collaborating with local technicians, it offers real-time booking, tracking, and customer support.
- ☕️ Oriental Kopi Debuts in Singapore: First Store Opens at Bugis Junction Bringing Authentic Malaysian Coffee Culture Oriental Kopi, a renowned Malaysian coffee chain, has opened its inaugural Singapore outlet at Bugis Junction on November 24, 2023. Expect signature White Coffee and traditional kaya butter toast offerings.
- 🌍 Chinese Leader Xi Meets Ex-Singapore Prime Minister Chinese President Xi Jinping met with former Singapore Prime Minister Lee Hsien Loong on October 15, 2023, in Beijing. The meeting focused on strengthening bilateral ties and promoting regional stability.
- 💼 Singapore Trader Denies Guilt in $1.1 Billion Fraud Case On October 17, 2023, Ng Yu Zhi, a Singaporean trader and director of Envy Asset Management, pleaded not guilty to 105 charges, including fraud and forgery, linked to a Ponzi-like scheme defrauding investors of $1.1 billion.
- 🌆 **Living in Singapore: What Might Surprise You?** Singapore's Ministry of Finance article from October 2, 2023, highlights the dynamic lifestyle in this city-state, emphasizing its diverse culinary scene, efficient public transport system, and commitment to sustainable urban living.
- 📉 Singapore Shares Decline: STI falls by 0.5% amid mixed Asian markets as Trump's tariff threat looms. Singapore's Straits Times Index (STI) dropped 0.5% on July 12, 2023, affected by Asian market volatility. Investors reacted to Donald Trump's proposed tariffs on July 11, 2023. Major Singapore stocks saw varied performance; DBS Bank and Keppel Corp edged lower, while Singtel made minor gains.
- ♟️ 'Once in a Lifetime Experience': World Chess Championship in Singapore Thrills Local, Foreign Fans Grandmaster Ding Liren and Indian chess prodigy Rameshbabu Praggnanandhaa drew attention at the FIDE World Chess Championship held from October 4 to 12, 2023, in Singapore, captivating a global audience.
- 🏙️ Suzhou Industrial Park Success: China and Singapore's Joint Venture Thrives as a Model for Bilateral Cooperation In 1994, Suzhou Industrial Park was established through the collaboration between China and Singapore, involving leaders like Deng Xiaoping and Lee Kuan Yew. The park attracted US$1.5 billion in investments by 1999.
- 🔬 Defence Innovation Lauded: Engineers and Scientists Awarded for Excellence in Technology Singapore's Ministry of Defence announced on November 26, 2024, that Dr. Tan Kim Siew and Professor Lim Seng Soi received the Defence Technology Prize, recognizing their pioneering contributions in electromagnetic weapons and drone technology, enhancing national security capabilities.
- 🚢 Strategic Joint Venture Formed: PSA and Evergreen Ink Deal at Singapore Container Terminal to Boost Operational Efficiency 🚢 Strategic Joint Venture Formed: PSA and Evergreen Ink Deal at Singapore Container Terminal to Boost Operational Efficiency On October 12, 2023, PSA Corporation Limited and Evergreen Marine Corp signed a joint venture agreement to enhance cargo operations at the Pasir Panjang Terminal in Singapore, targeting increased efficiency and capacity.
- ✈️ Singapore Unmanned Aircraft Wins Defence Technology Award The ST Engineering-developed unmanned aircraft, Veloce Veloce, was awarded the Defence Technology Prize on October 26, 2023. The drone, utilized by Singapore's Defence Science and Technology Agency, excels in speed and cost-efficiency.
- 💸 Singapore Gulf Bank Explores US$50 Million Funding to Acquire Stablecoin Firm Singapore Gulf Bank seeks to secure up to US$50 million in funding to acquire a stablecoin firm. The potential acquisition is part of the bank's strategic expansion into digital assets, a priority in 2023.
- 🌏 Cultural Exchange Boosts Economic Ties: Shanxi and Singapore Strengthen Collaboration On October 5, 2023, Shanxi Province's delegation met with Singapore Manufacturing Federation leaders, fostering economic cooperation. Key stakeholders, like Mr. Li Meng, discussed joint ventures and $50 million investment prospects to enhance trade relations.
- ⚖️ Singapore Businessman on Trial: $1.1 Billion Nickel Scam Unveiled Lim Leong Wee, CEO of Envy Asset Management, faces trial starting November 26, 2024, in Singapore. He's accused of orchestrating a $1.1 billion nickel trading scam, affecting investors globally, including BHP Group Plc, over several years.
- 🏦 Singapore Banks: Stability Amid Volatility with Promising Earnings and Dividends In August 2023, Singapore's top banks DBS, OCBC, and UOB reported strong second-quarter earnings. DBS saw a 48% net profit rise to SGD 2.7 billion, OCBC's net profit grew 34% to SGD 1.7 billion, and UOB's profit increased 27% to SGD 1.4 billion. Their performance contrasted global market instability, positioning them as reliable investments.
- 🤝 Enhanced Sino-Singapore Ties: SM Lee Highlights the Strategic Importance of Collaboration Amid Global Uncertainty Singapore’s Senior Minister (SM) Lee noted the strategic importance of cooperation with China during a Bloomberg Emerging + Frontier Forum held on October 4, 2023, emphasizing resilience during global volatility.
- 🌟 The Community Foundation of Singapore Wins Fourth Charity Transparency Award The Community Foundation of Singapore was awarded the Charity Transparency Award for the fourth time on October 11, 2023, acknowledging its commitment to exemplary governance and financial transparency in the non-profit sector.
- 💼 Singapore Businessman in Court: Alleged $1.1 Billion Nickel Scam Unfolds Ng Yu Zhi, a 34-year-old businessman, is accused of orchestrating a $1.1 billion nickel trading scam involving fraudulent investment schemes from 2017 to 2021. His trial began on October 3, 2023.
- 👨⚖️ Singapore Tycoon on Trial: Accused of US$1.1 Billion Nickel Scheme Ng Yu Zhi, former director of Envy Global Trading, goes on trial in Singapore for masterminding a US$1.1 billion nickel trading scam. Allegedly deceiving investors through fake trades, Ng was charged on March 22, 2022, with fraud and forgery, involving over 250 individuals lured by promised high returns. His case significantly impacts Singapore’s financial sector's integrity.
- 📈 Extend Regulation to Trainers of Financial Practitioners in Singapore, Urges Industry Body IBF Singapore recommends regulatory oversight for trainers of financial professionals to ensure competence and accountability. On October 17, 2023, Sylvia Lim highlighted the need for consistent educational standards and ethical guidelines.
- 🌐 Airple Unveils Innovative Platform to Transform Aircon Services in Singapore On November 26, 2024, Airple introduced a groundbreaking platform aiming to streamline air conditioning services in Singapore. Collaborating with local technicians, it offers real-time booking, tracking, and customer support.
- ☕️ Oriental Kopi Debuts in Singapore: First Store Opens at Bugis Junction Bringing Authentic Malaysian Coffee Culture Oriental Kopi, a renowned Malaysian coffee chain, has opened its inaugural Singapore outlet at Bugis Junction on November 24, 2023. Expect signature White Coffee and traditional kaya butter toast offerings.
- 🌍 Chinese Leader Xi Meets Ex-Singapore Prime Minister Chinese President Xi Jinping met with former Singapore Prime Minister Lee Hsien Loong on October 15, 2023, in Beijing. The meeting focused on strengthening bilateral ties and promoting regional stability.
- 💼 Singapore Trader Denies Guilt in $1.1 Billion Fraud Case On October 17, 2023, Ng Yu Zhi, a Singaporean trader and director of Envy Asset Management, pleaded not guilty to 105 charges, including fraud and forgery, linked to a Ponzi-like scheme defrauding investors of $1.1 billion.
- 🌆 **Living in Singapore: What Might Surprise You?** Singapore's Ministry of Finance article from October 2, 2023, highlights the dynamic lifestyle in this city-state, emphasizing its diverse culinary scene, efficient public transport system, and commitment to sustainable urban living.
- 📉 Singapore Shares Decline: STI falls by 0.5% amid mixed Asian markets as Trump's tariff threat looms. Singapore's Straits Times Index (STI) dropped 0.5% on July 12, 2023, affected by Asian market volatility. Investors reacted to Donald Trump's proposed tariffs on July 11, 2023. Major Singapore stocks saw varied performance; DBS Bank and Keppel Corp edged lower, while Singtel made minor gains.
- ♟️ 'Once in a Lifetime Experience': World Chess Championship in Singapore Thrills Local, Foreign Fans Grandmaster Ding Liren and Indian chess prodigy Rameshbabu Praggnanandhaa drew attention at the FIDE World Chess Championship held from October 4 to 12, 2023, in Singapore, captivating a global audience.
- 🏙️ Suzhou Industrial Park Success: China and Singapore's Joint Venture Thrives as a Model for Bilateral Cooperation In 1994, Suzhou Industrial Park was established through the collaboration between China and Singapore, involving leaders like Deng Xiaoping and Lee Kuan Yew. The park attracted US$1.5 billion in investments by 1999.
- 🔬 Defence Innovation Lauded: Engineers and Scientists Awarded for Excellence in Technology Singapore's Ministry of Defence announced on November 26, 2024, that Dr. Tan Kim Siew and Professor Lim Seng Soi received the Defence Technology Prize, recognizing their pioneering contributions in electromagnetic weapons and drone technology, enhancing national security capabilities.
- 🚢 Strategic Joint Venture Formed: PSA and Evergreen Ink Deal at Singapore Container Terminal to Boost Operational Efficiency 🚢 Strategic Joint Venture Formed: PSA and Evergreen Ink Deal at Singapore Container Terminal to Boost Operational Efficiency On October 12, 2023, PSA Corporation Limited and Evergreen Marine Corp signed a joint venture agreement to enhance cargo operations at the Pasir Panjang Terminal in Singapore, targeting increased efficiency and capacity.
- ✈️ Singapore Unmanned Aircraft Wins Defence Technology Award The ST Engineering-developed unmanned aircraft, Veloce Veloce, was awarded the Defence Technology Prize on October 26, 2023. The drone, utilized by Singapore's Defence Science and Technology Agency, excels in speed and cost-efficiency.
