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Singapore must work faster and harder as it competes with other global hubs that manage wealth says the island nation's Deputy Prime Minister Gan Kim Yong. He added that as global supply chains and investment flows shift, Singapore’s important role as a financial hub will provide further opportunities. The Deputy Prime Minister spoke with Haslinda Amin at the New Economy Forum in New Delhi. (Source: Bloomberg)
As Hong Kong and Singapore compete for leadership in businesses ranging from foreign exchange trading to wealth management, the battleground has extended to artificial intelligence, with both cities vying to attract investment from HSBC Holdings and other major corporations, according to industry players. The issue came into focus after the Hong Kong Monetary Authority (HKMA) questioned HSBC about its decision to set up an AI centre in Singapore, despite Hong Kong being its single largest...
Shares of Singapore Exchange Ltd. slipped on Monday, extending a slump that’s erased about $4.2 billion in market value since an August peak on rising concern over lofty valuations.
The first apartment came up for auction and nobody moved. More than 60 people crowded into a room in Singapore to watch seven properties seized in one of the world’s biggest money-laundering cases go under the hammer. Their opening prices totalled more than S$43 million (US$33.6 million). But when bidding began for a luxury unit at Gramercy Park, an upscale condominium near the city state’s Orchard Road shopping district, not a single hand went up. Next came a 2,658 sq ft (247 square metres)...
Companies from the United States, Britain and Singapore have been among the leading sources of inbound foreign capital in Hong Kong so far this year, the city’s commerce minister has said, insisting that “money is money” despite geopolitical instability. In an exclusive, wide-ranging interview with the South China Morning Post, Secretary for Commerce and Economic Development Algernon Yau Ying-wah described 2026 as a very challenging year because of the geopolitical situation. Nevertheless, the...
Singaporean state-owned investor Temasek Holdings is expanding its operations across the Middle East, opening new offices in Saudi Arabia and the United Arab Emirates from 2027 as it ramps up investments across the region.
Singapore and China should look to the next phase of cooperation through potential projects in artificial intelligence and the green economy, after decades of economic ties anchored by industrial parks, eco-cities and transport corridors. Singapore Deputy Prime Minister Gan Kim Yong said on Friday that the relationship had “never been static”, arguing that the economic challenges of each era shaped the flagship developments of that time. At the FutureChina Global Forum held in the city state,...
While starting salaries for fresh graduates and entry-level workers in Singapore continue to creep upwards, the number of people in entry-level roles is shrinking, according to new data, indicating an increasingly tough job market for those at the start of their careers. Data published last month by global professional services firm Aon showed a 2.5 per cent year-on-year salary increase for entry-level employees, alongside a 3.2 per cent drop in entry-level headcount. The findings come as...
The rivalry between Hong Kong and Singapore to attract global talent is heating up again. Bloomberg's Venus Feng and Cindy Wang size up the merits of the Asian finance hubs. (Source: Bloomberg)
Property firm New World Development Co. is in talks to sell its 50% stake in a Hong Kong hotel to Singapore’s UOL Group Ltd., according to people familiar with the matter.
The BBC goes inside a fortified storage facility to view luxury goods seized by Singapore police in a $2.2 billion money laundering case that are now up for auction.