CATEGORIES

How AI is turbocharging finance

Financial institutions are already using it for everything - from making credit assessments to detecting fraud.

A fintech rainmaker, born in S'pore, reaching out to the world

Singapore's central bank has created an institution that can transform fintech across emerging economies.

S'pore fintech market can grow to $13b: HSBC exec

Singapore's financial technology (fintech) market will likely double in size in the next few years as banks and fintech firms leverage each other's unique strengths, said HSBC executive Shayan Hazir.

High Court orders winding-up of Qoo10 and appoints liquidators

Judge finds platform is insolvent after Korean firm says it is owed more than $70m

Vistara bids farewell, IndiGo goes upscale in airlines shake-up

India's airlines are set for a landmark week, with two milestones days apart, that will redefine the competitive landscape in one of the world's fastest-growing aviation markets.

Cordlife directors committed to waiving fees ahead of EGM

Embattled cord blood bank Cordlife said that its remaining directors have committed to waiving their directors' fees for the financial year that ends on Dec 31, 2024, in response to questions raised ahead of the company's extraordinary general meeting (EGM) on Nov 14.

SIA intends to keep expanding flight capacity

This is despite growing competition that has seen the carrier earn less per passenger

Stop shipping advanced chips to China, US tells TSMC

The United States has ordered Taiwan Semiconductor Manufacturing Company (TSMC) to halt shipments of advanced chips that are often used in artificial intelligence (AI) applications to Chinese customers, starting on Nov 11, according to a person familiar with the matter.

Vietnam says Temu, Shein must register with govt or be blocked

HANOI - Vietnam said Chinese online retailers Shein and Temu need to register with the government before the end of November or it will block their internet domains and apps from being used in the country.

Seatrium CEO in positive mood as order book swells to $24.4 billion

Firm has also cut cost of project funding, strengthened ability to collect payment

Foreign firms pull more money from China's slowing economy

Foreign companies pulled more money from China last quarter, a sign that some investors are still pessimistic even as Beijing rolls out stimulus measures aimed at stabilizing growth.

jail, caning for man who raped masseuse at Geylang parlour

A construction worker who did not have money to pay for a massage refused to leave a Geylang parlour when told to do so, and turned violent to get the masseuse to submit to him.

S'pore stocks in positive territory despite tepid regional sentiment

STI rises 0.4% as bourses in region mostly end in the red UOB tops local index, up 2.7%; Losers beat gainers 354 to 229 across the broader market

Jail for man linked to loan ruse that duped banks of over $1.2m

A man who worked with a female accomplice to dupe two banks into disbursing loans totaling $1,218,000 by using false statements was sentenced to three years and nine months' jail on Nov 11.

Family, friends remember Singaporean fatally stabbed in Brussels

On Nov 7, 2023, Mr B. Aravind Pillay waved goodbye to his family before boarding a flight to Belgium, with aspirations of completing his bachelor's degree in computer engineering.

Man who used flamethrower on police charged with attempted murder

He had a warrant of arrest at time of incident, 2 pending charges

Stiffer penalties for those who cause illegal discharge into sewers

Penalties will be raised for the illegal discharge of harmful waste into sewers, and silty discharge into drains to deter offences that can compromise Newater production and cause floods.

More powers for Singapore to assist in investigating foreign crimes

Even if criminal prosecutions have not started overseas, the authorities in Singapore will soon be able to take statements from people to assist in investigating foreign crimes.

Time delay in raising alert about Bukom oil leak under investigation

There was a 7½-hour gap from discovery of the leak to Shell informing the authorities

Decision to join any grouping must be based on national interests: Vivian

Any decision for Singapore to join international groupings must be carefully considered and clearly defined by national interests, Foreign Minister Vivian Balakrishnan said on Nov 11.

No need to review telemedicine regulations: Ong Ye Kung

Enforcement has been successful in going after errant operators, Health Minister says

Breakdown of Bukit Panjang LRT train caused by gear failure

The breakdown of a Bukit Panjang LRT (BPLRT) train on Oct 22 was caused by a gear failure in one of its wheel assemblies, Transport Minister Chee Hong Tat said in Parliament on Nov 11, citing initial findings from ongoing investigations.

2.7ha site in Sin Ming being prepared for future housing

A 2.7ha plot of land in Sin Ming, about the size of 3½ football fields, is being prepared for what analysts say could be hundreds of new homes.

New Islamic college to open in 2028 at Bencoolen campus

It will take in up to 60 students initially with local asatizah to be trained as faculty

Israel sees progress in Lebanon truce talks, hints at role for Russia

Israel said on Nov 11 there was progress in talks about a ceasefire in Lebanon and indicated Russia could play a part by stopping Hezbollah from rearming via Syria, although the Iran-backed group said it had not received any truce proposals yet.

Scholz willing to hold German confidence vote before Christmas

German Chancellor Olaf Scholz has said that he would be willing to call a vote of confidence in Parliament before Christmas, a move that would pave the way for snap elections following the collapse of his three-way governing coalition.

Saudi crown prince demands ceasefires in Gaza, Lebanon

Arab summit to stress firm support for 'national rights' for the Palestinian people

Israeli PM says he approved Lebanon pager attack

Prime Minister Benjamin Netanyahu said on Nov. 10 that he approved a deadly September attack with Hezbollah communications devices, which exploded in Lebanon, the first time Israel has admitted involvement.

UK varsities' funding hit as foreign students go elsewhere

LONDON - UK universities are among the most prestigious in the world, but visa restrictions mean they are now attracting fewer international students, taking a heavy toll on their finances.

Trump reportedly advised Putin not to escalate war; Kremlin denies duo spoke

US President-elect Donald Trump spoke with Russian President Vladimir Putin and advised him not to escalate the Ukraine war, a source familiar with the conversation said, but the Kremlin denied the two had spoken.