Finance

Singapore can play a lead role in innovation for sustainable development: SFF x SWITCH panel discussion

by Amit Roy Choudhury, IPI Singapore A key theme that came out of the discussions during TechInnovation at SFF x SWITCH (Singapore Fintech Festival x Singapore Week of Innovation and Technology) was that Singapore can play a leadership role in the field of innovation and sustainable development which looks at developing technology solutions to tackle the environmental challenges that the …

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S’pore private residential property surplus may take nearly four years to clear: Regional Cushman & Wakefield head of research

Singapore’s private residential property surplus may take as long as four years to be cleared, according to the head of research for Singapore and Southeast Asia at global commercial real estate services firm Cushman & Wakefield Plc in a report by Bloomberg on Mon (9 Dec). Speaking to Bloomberg, Christine Li added that private residential property sales have reached an average of 2,500 …

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92% of Singapore investors believe companies often resort to legal but ‘creative’ accounting tactics to hide figures, according to BlackLine survey

A global survey of institutional investors commissioned by financial automation software leader BlackLine, Inc reveals that 92% of Singapore investors believe companies in their portfolio often resort to legal but ‘creative’ accounting tactics in order to attract or satisfy investors, causing investors to increase scrutiny over portfolio company financials. The survey, which covered over 760 institutional investors across the world including …

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Govt should provide HDB flat owners with affordable 99-year lease renewal after 50 years: Nonpartisan experts publish proposals on housing policy

The Government should provide Housing Development Board (HDB) flat owners with an affordable one-time top up of the 99-year lease after 50 years, according to three industry experts and academicians from ground-up imitative, Future Of Singapore . In their public housing policy paper Addressing Singapore’s Key Housing Problems: Asset Protection, Affordability and Access, Chief Executive Officer of International Property Advisor …

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Creative Nation to bring together more than 50 young social impact creators to champion a profitable future for businesses that brings positive societal impact

Creative Nation, a new social impact organisation, will officially be launched this coming Saturday (7 Dec) with the support of the National Youth Council of Singapore (NYC). This event will be Singapore’s first-ever youth-driven social impact convention. The Creative Nation launch, which will be held at the Marina Bay Sands Expo & Convention Centre, Cassia Ballroom, Level 3, from 11am …

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Asian markets hit as Trump sparks China anger with HK law

Asian markets mostly fell Thursday as optimism over the China-US trade talks took a jolt after Donald Trump signed into law a bill recognising Hong Kong’s rights, prompting an angry response from Beijing. Global equities have been surging in recent weeks — with Wall Street hitting multiple records — on expectations the much-vaunted negotiations would result in a partial pact …

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Singapore brings growth forecast margin closer to 0.5-1% as Q3 slowly improves

According to official data released by the Ministry of Trade and Industry (MTI) on Thursday (21 November), Singapore narrows its annual forecast for economic growth to between 0.5% to 1%. This is because the economy for the third quarter is slowly improving. This is the third revision in the country’s growth forecast for this year, which was previously marked to …

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About S$3.18 billion (18%) of health expenditure in Singapore is attributed to stress-related illnesses, according to Cigna report

The impact of stress-related conditions on Singapore’s health system conservatively equates to US$2.3 billion of spend (approximately S$3.18 billion) or 18% of health expenditure, according to a new global report published today (21 Nov) by Cigna and Asia Care Group. The in-depth research study, which examined nine key markets worldwide, found that between 4% and 18.8% of health spending is …

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Gojek to sign MOU with Esso to deepen strategic relationship and bring greater benefits to its driver-partners

Earlier today (21 Nov), Gojek announced that it will be signing a Memorandum of Understanding (MOU) with Esso to strengthen their strategic relationship and bring greater benefits to its driver-partners. Esso, which is a brand of oil and gas company ExxonMobil Asia Pacific Pte Ltd, runs the largest network of service stations in Singapore and will continue to be Gojek’s …

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