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REVEALED: 12 - The Real Truth

US stocks may be headed for a sharp correction, warns Andrew Freris amid AI spending boom

Market strategist Andrew Freris warns Wall Street's rally is built on shaky ground, citing weak earnings and excessive AI enthusiasm. He advises caution on US equities, favoring select Asian markets like Japan, Singapore, Taiwan, and South Korea. Freris believes a US market correction is inevitable and could trigger a global…

The Economic Times

Tata Communications announces strategic subsea cable investments between India and Singapore

Tata Communications is significantly boosting its subsea cable network between India and Singapore, investing in new fiber capacity to enhance connectivity for emerging AI hubs. These strategic moves, including integrating a new cable system and joining a consortium for another, aim to support India's booming data center market.

The Economic Times

DBS completes $1 billion synthetic securitisation in first for a Singapore bank

Singapore's largest bank, DBS Group, has successfully completed a groundbreaking synthetic securitisation deal involving a $1 billion corporate loan portfolio. This innovative transaction allows investors to share credit risk, enabling DBS to manage its capital more efficiently and free up resources for expanded client financing across the region. The move…

The Economic Times

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Who is Ramu Palani Velu, an Indian-origin businessman in Singapore, who left 400 workers unpaid and attempted to escape?

Numerous Indian and Bangladeshi workers in Singapore are grappling with financial distress after their employer, Ramu Palani Velu, disappeared, leaving them unpaid for months. Velu, a businessman of Indian descent and head of multiple firms, has returned for questioning and is assisting authorities. The Singapore government has committed to finding…

The Times of India

Philippines leads the world in rush to solar as power prices soar

SINGAPORE/MANILA - People in the Philippines are flocking ‌to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since the war in Iran started.

Bangkok Post

IIT Alumni to provide AI training to migrant workers in Singapore

Supported by the Indian High Commission (HCI), the Indian Institutes of Technology Alumni Association - Singapore (IITAAS) on Sunday signed a Memorandum of Understanding (MOU) with the Migrant Workers' Centre (MWC).

The Economic Times

Director who left over 400 Indian, Bangladeshi migrants unpaid returns to Singapore: Minister

An Indian-origin permanent resident, accused of abandoning over 400 migrant workers without pay, has returned to Singapore. His passport has been impounded as authorities vow strict enforcement of labor laws. Support is being provided to the affected workers, with efforts underway to secure new jobs for them, and many are…

The Economic Times

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UAE expands visa-on-arrival to 6 more countries, offering eligible travellers up to 60-day stay

Indian and Filipino passport holders can now enjoy easier entry into the UAE with an expanded visa-on-arrival program. Previously requiring visas from select Western nations, eligible travelers now benefit from this facility if they hold valid visas or residency from Australia, Canada, Japan, New Zealand, Singapore, or South Korea. This…

The Times of India

Taiwan ship operator says vessel hit in Hormuz 'unharmed'

A Taiwanese shipping operator's vessel, the Ever Lovely, sustained minor damage after being struck by an unidentified object in the Strait of Hormuz. The 21 crew members and cargo remain unharmed. Singapore's Maritime and Port Authority condemned the "unprovoked" incident, which occurred as the ship was leaving the strait. The…

The Economic Times

Singapore labour body to launch job placement for abandoned Indian, Bangladeshi workers

Over 400 Indian and Bangladeshi workers, allegedly abandoned by their employer, will soon find new jobs in Singapore. The National Trades Union Congress and Migrant Workers' Centre are spearheading the initiative, with over 80 companies offering nearly 400 vacancies. The workers, who haven't been paid for months, are being moved…

The Economic Times

Smartworks to acquire Singapore’s Workstudio Spaces

Smartworks is set to acquire Singapore-based Workstudio Spaces, expanding its footprint to 76,000 sq. ft. with over 1,500 seats. This strategic move, funded internally, will more than double the company's presence in Singapore within two years. The acquisition aims to tap into a high-demand micro-market and diversify its client base.…

The Economic Times

French teen in Singapore straw-licking case to enter plea

SINGAPORE - A French teen facing criminal charges in Singapore for a straw-licking stunt will enter a plea next month in a case that could land him in jail on conviction, a court heard Friday.

Bangkok Post

Bank of America names new Southeast Asia investment banking head, memo shows

Bank of America has appointed Dominic Tan as its new head of Southeast Asia investment banking, a role he will juggle alongside his existing responsibilities for Asia Pacific consumer and retail investment banking. Tan, who joined BofA in 2020, will relocate to Singapore in the third quarter. This move sees…

The Economic Times

Govt facilitates shipment of Banganapalle mangoes to Singapore, farmers earn twice of domestic price

India has successfully shipped premium Banganapalle mangoes to Singapore via sea freight, a first for commercial exports. This initiative by APEDA aims to boost cost-effective and sustainable horticultural exports. The consignment, sourced from Andhra Pradesh, met Singapore's stringent quality standards, fetching nearly double the domestic price for farmers. This marks…

The Economic Times

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Fortune

Maybank Singapore CEO Alvin Lee looks to tap the silver economy and cross-border flows to grow his business

Singapore now contributes 20% of Maybank’s annual revenue, but its country CEO Alvin Lee hopes to lift that number to 30% by 2030.

International Business Times UK

Elon Musk Just Called This Man a 'Genius' Over His Quote on Air Conditioning — But Who Was Lee Kuan Yew?

Elon Musk's endorsement of Lee Kuan Yew as a 'genius' reignites interest in the Singaporean leader's governance strategies, highlighting the role of air conditioning in national development.

The Times of India

Which place in Asia is both a city and a country: A look at the world's best-known city-state

At first glance, the question sounds like a geography puzzle. Most cities belong to countries, and most countries contain many cities. Yet there is one place in Asia where those boundaries overlap completely. Singapore is both a sovereign nation and a city at the same time, making it one of…

Bangkok Post

Indonesian stock market given reprieve from downgrade threat

SINGAPORE - Indonesian regulators have been given more time to carry out reforms after the index provider ‌MSCI announced a five-month extension of its review of the country’s troubled stock market.

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The Economic Times

Singapore government to help abandoned workers from India

Hundreds of migrant workers from India and Bangladesh, unpaid for months, are receiving SGD 200 in cash and vouchers from Singapore's labour movement. The NTUC and Migrant Workers' Centre are providing this aid while also working with the Ministry of Manpower to recover owed wages. The government is facilitating new…

Bangkok Post

Singapore, Indonesia, Malaysia, Brunei face high risk of severe haze

SINGAPORE — Singapore, ⁠Indonesia, Malaysia ⁠and Brunei face a high risk of severe haze this year due to hot ‌and dry weather conditions, biofuel demand and economic pressures, a research institute said Wednesday.

The Economic Times

Around 400 workers from India, Bangladesh accuse Singapore firms of unpaid wages

Hundreds of migrant workers, primarily from India and Bangladesh, are alleging non-payment of wages by two Singapore-registered firms. Investigations are underway by the Ministry of Manpower and NGOs. Workers also face issues with housing, and food suppliers have ceased services due to non-payment. The situation highlights the challenges faced by…

The Independent UK

Indian man handed six-month jail term for molesting Singapore Airlines flight attendant

Man, 35, laughed along with his friends after repeatedly molesting stewardess

The Economic Times

Zubeen Garg death: SC seeks Assam govt's response on bail plea of accused

The Supreme Court has requested a response from the Assam government regarding a bail plea filed by Shyamkanu Mahanta, an accused in the Zubeen Garg death case. Mahanta's appeal challenges the Gauhati High Court's decision to deny him bail. The celebrated singer's death occurred in Singapore last year under mysterious…

The Economic Times

Tax reforms to play vital role in attracting global capital to India: Experts

India's economic ascent hinges on predictable and simplified tax reforms to attract global capital, according to a senior financial expert. The proposed Income Tax Code aims for a modern, user-friendly framework, aligning with international standards. The ICAI Singapore Chapter highlighted strides in transparent, tech-driven tax administration, boosting India's appeal as…

The Economic Times

When frontier AI can be switched off: India's sovereignty challenge

India must not depend on foreign AI models, as US export controls demonstrate potential access denial. Past reliance on external tech, like nuclear programs, led to self-sufficiency. For AI, India needs a continuity doctrine, fostering multiple research labs and institutions, not just symbolic wins. Learning from Singapore's biotech success, building…

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