News

Ryde drivers lose $50,000 to over 2,000 “phantom bookings”

300 fake accounts also came from 3 IP addresses, one of which is linked to Grabtaxi Pte Ltd.

Electricity tariffs to climb 6.9% in Q3: SP Group

Costs will rise due to more expensive natural gas.

1MDB scandal origins linked to Goldman bankers' lunch in Singapore

About US$577m was syphoned from a bond sale that was discussed in a restaurant.

Singapore bank loans up 5.48% to $667.89b in May

Business and consumer loans grew 5.78% and 5.01% respectively.

Temasek joins $273.6m funding for US genomics firm

Helix will utilise the funding for expansion on consumer adoption of their products.

Capella Hotel Group to manage Regent Singapore in 2019

Four Seasons ended the 26-year management contract with the hotel owner.

Singapore's third desalination plant starts operations

It will increase the current desalination capacity from 100 mgd to 130 mgd.

Mobike launches deposit-free policy for Singapore users

It will be available to users registered with the phone number prefix +65.

These two banks are the most vulnerable to growing trade tensions

The Greater China region represented a fourth of one bank’s profit before tax.

Homegrown F&B operator Koufu Group eyes IPO

It aims to build a 7-storey facility to support its stalls and outlets.

Auction property sales down 33% to $19.64m in Q2

The number of mortgagee sales and high-priced properties both fell in the period.

Singapore to toughen penalties for GST act offences

It wants to broaden IRAS’ powers when cracking down serious GST-related crimes.

oBike users urged to file proof of debt amidst liquidation

A Singapore consumer group said the bike-share firm will appoint a liquidator to distribute its assets.