The Latest Breaking News from Singapore

Malaysia's resource anxiety tests Asia's fastest data centre build-out

HONG KONG/JOHOR, Malaysia - After leapfrogging Singapore to become the region's fastest-growing data centre hub, Malaysia is facing intensifying scrutiny as the resources ​debate that has complicated the industry's growth spreads to emerging Asia.

Bangkok Post · Jul 24

HSBC offloads Singapore life arm in £1.6 billion deal

Chief executive Georges Elhedery has been restructuring the lender since taking on the top post two years ago.

Evening Standard · Jul 24

HSBC sells Singapore insurance business to Allianz in £1.6 billion deal

Chief executive Georges Elhedery has been restructuring the lender since taking on the role

The Independent UK · Jul 24

Global Market: HSBC to sell Singapore insurance business to Allianz in $2.09 billion deal

HSBC will sell its Singapore life and health insurance business to Allianz. This deal values the unit at S$2.7 billion and is expected to close in early 2027. The transaction will generate a pre-tax gain for HSBC and improve its capital ratio. Allianz gains a stronger presence in Singapore's insurance…

The Economic Times · Jul 24

HSBC to sell Singapore insurance unit to Allianz in $2.1 billion deal

HSBC will sell its Singapore life and health insurance business to Allianz. This deal is valued at S$2.7 billion and is expected to close in early 2027. The sale will help HSBC simplify its operations and focus on core markets. Allianz gains a significant expansion opportunity in Singapore's regulated market.…

The Economic Times · Jul 24

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it’s still worse somehow

“Japan’s debt dynamics are fundamentally different from those of the United States … Japan is the world’s largest creditor nation. The U.S. is the world’s largest debtor.”

Fortune · Jul 23

Fake gem in mouth: Two Indian tourists' pre-planned heist of $200K diamond in Singapore's Chinatown caught on camera

41-year-old Mangroliya Manojkumar Kurjibhai pleaded guilty and prayed for a lighter sentence citing that he has two children in India. He was sentenced to two years' jail term in Singapore.

The Times of India · Jul 23

Singapore's Temasek joins race for a slice of the $18.5 billion IPL

Singapore's Temasek is exploring investment opportunities within India's Indian Premier League. The league attracts sovereign wealth funds and private equity firms seeking high returns. Recent franchise deals highlight the competition's growing appeal and value. Temasek has significantly expanded its India investment portfolio over the past decade. The firm remains focused…

The Economic Times · Jul 22

Land bridge plan revised, China-Singapore route accelerated

Prime Minister Anutin Charnvirakul has ordered officials concerned to revise the land bridge project of the government while speeding up other transport projects linking Thailand, China, Laos, Malaysia and Singapore, according to the government spokesman.

Bangkok Post · Jul 22

'I Cried Every Day': Mother Speaks Out as Indonesia Convicts 19 in Baby Trafficking Ring That Sold 34 Infants

An Indonesian court has convicted 19 individuals for operating a baby trafficking network, selling 34 infants to buyers in Indonesia and Singapore.

International Business Times UK · Jul 21