Singapore’s success was built on a compact city-state, a strategic port, concentrated population, state-controlled housing, tightly coordinated institutions and deliberate social engineering. Sri Lanka, with its rural economy, agricultural regions, established ethnic
Singapore has raised more than S$1.1 million (US$862,000) from the first auction of luxury goods seized in the country’s S$3 billion (US$2.35 billion) money laundering case, with intense competition for handbags and jewellery producing prices far above initial estimates. The
When Jordan Seow joined OpenAI in June 2025, he became the company’s first locally hired forward-deployed engineer in Asia-Pacific. At the time, the company’s
Singapore is to introduce a one-off increase in the pay of government ministers, including Prime Minister Lawrence Wong, despite continuing domestic disapproval over the
Two former bankers at Citigroup Inc. and Julius Baer Group Ltd. are set to plead guilty for their alleged roles in facilitating illicit fund transfers linked to Singapore’s largest money-laundering scandal, Bloomberg
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Singapore-based hedge fund manager Jimmy Lim will stop running money for Millennium Management LLC after more than eight years, people familiar with the matter told Bloomberg. By mutual agreement, Lim’s Modular Asset
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Temasek Holdings Pte, Singapore’s state-owned investment firm, will reorganize its S$434 billion ($338 billion) portfolio from April 1 as part of a major overhaul aimed at sharpening its strategic focus, Bloomberg News
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Singapore-based container shipping group SeaLead has denied ties to the Iranian regime after U.S. sanctions forced it to withdraw a third of its fleet from service, according to the Financial Times. The
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Senior former employees of CapitaLand Group Pte allegedly accepted bribes from a longtime contractor in India, according to court filings in Singapore, Bloomberg reported. The accusations surfaced in a civil lawsuit brought
More Temasek Holdings Pte is considering one of its most significant restructurings in years, with a proposal to split its operations into three investment vehicles aimed at boosting efficiency and returns, according to
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Singapore’s Prime Minister Lawrence Wong has pledged to make jobs for citizens the government’s top priority, as the trade-dependent city-state confronts mounting risks from rising global protectionism and the disruptive potential of
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In what has been hailed as a landmark environmental ruling, Sri Lanka’s Supreme Court recently ordered the operators of the MV X-Press Pearl to pay USD 1 billion in compensation for the
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Billionaire businessman Ong Beng Seng, the tycoon credited with bringing Formula One night racing to Singapore, is set to plead guilty on Monday in a corruption scandal that has shaken the city-state’s
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Singapore Airlines has reported a steep 59% decline in net profits for the second quarter of 2025, largely due to significant losses linked to its investment in Air India, the Indian carrier
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New Silk Road Investment Pte, one of Singapore’s oldest homegrown hedge funds, is winding down operations after years of underperformance and a sharp exodus of capital, especially from once-loyal U.S. institutional investors,
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Apollo Global Management has secured a mandate to manage Singapore’s $1 billion Private Credit Growth Fund, aimed at supporting high-growth local enterprises with non-dilutive, tailored financing, according to a government procurement portal
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Singapore’s state investment firm Temasek Holdings has adopted a more cautious stance toward Europe, citing rising global trade tensions and tightening financial conditions just a year after launching its much-celebrated Paris office
More While luxury markets across China and the U.S. face slowing demand, Singapore is powering ahead — thanks to its soaring millionaire population and appetite for high-end retail. According to data shared with
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A newly released book by former Straits Times editor-in-chief Cheong Yip Seng pulls back the curtain on Singapore’s formative years, offering rare, behind-the-scenes anecdotes about the political personalities who shaped the island
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