Singapore is set to host the globally acclaimed ‘The Business Show’ Singapore 2023, a dynamic two-day event that fosters business innovation, adaptation, and networking. Featuring over 300 exhibitors and 200 seminars, the event promises rich learning and networking opportunities for the international business community.
Amid an ongoing corruption probe, Singapore Grand Prix 2023 is forging ahead as planned.
STB’s Ms Ong Ling Lee expressed commitment to ensure success with all partners. The event takes place from 15 to 17 September at Marina Bay Street Circuit.
Grab Holdings Limited, the leading super app in Southeast Asia, has made a significant move to acquire Trans-cab Holdings Ltd, Singapore’s third largest taxi operator.
This landmark deal will make Trans-Cab the first Singaporean taxi company to be bought by Grab. The strategic partnership aims to strengthen Grab’s driver base and meet evolving consumer demands through advanced digitization.
Singapore’s iconic resort, Marina Bay Sands, achieves record-breaking Q2 2023 revenue, significantly surpassing pre-Covid-19 figures. Amid the ongoing global recovery, the integrated resort experiences robust growth in all segments, positioning itself for strong future growth.
Grab and Sea are lobbying Singapore’s Monetary Authority to lift deposit caps for their digital banks, citing the need for sustained business models, increased cash flow, and investment in technology and cybersecurity. While the cap safeguards consumers, the banks view it as limiting their lending ability and hindering profitability.
Singapore’s NODX faces significant challenges as data from EnterpriseSG reveals a 15.5% decline in June 2023, extending the ongoing downward trend observed since April.
“NODX to the top markets as a whole declined in June 2023, though NODX to Hong Kong and China rose,” said EnterpriseSG..
Malaysia’s Prime Minister, Anwar Ibrahim, engaged in a virtual meeting with SpaceX CEO Elon Musk on Friday (14 Jul) morning, discussing clean energy initiatives and the potential contribution of SpaceX’s Starlink satellite service to enhance internet connectivity in rural areas.
The ringgit showed slight signs of strengthening against the Singapore dollar at Friday (14 Jul) noon, reaching 3.43.
This slight appreciation follows its lowest level in history against the Singapore dollar, which hit a daily low of 3.50 two days prior.
Additionally, the ringgit also traded higher against a variety of major currencies and other ASEAN currencies.
Cooler-than-expected inflation data propels U.S. bank stocks, fostering belief of a ‘soft landing’ for the economy, according to deVere CEO Nigel Green. He predicts solid growth in tech, healthcare, and infrastructure sectors amid enhanced economic stability.
Temasek Holdings is in talks with Ant Group over its slashed valuation, from US$150 billion to US$78.8 billion, before deciding on a share buyback participation amid struggles with crypto investments.