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The Latest Breaking News from Singapore

HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub

HSBC plans to hire more than 200 professionals in Singapore, including AI specialists and wealth managers, as part of its strategy to expand higher-fee businesses and accelerate artificial intelligence adoption. The bank will launch a new AI centre in the city, focusing on areas such as personalised wealth management, AI-driven…

The Economic Times

Global Market: Singapore Central Bank surprises markets with policy tightening amid inflation risks

Singapore's central bank unexpectedly tightened monetary policy on Monday. Persistent inflation risks from elevated energy costs prompted the move. The Monetary Authority of Singapore will slightly increase its exchange rate appreciation. This surprise decision boosted the Singapore dollar against the US dollar. Economists view this as a preventive step against…

The Economic Times

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

In Johor, China's ZDATA told Reuters its data centre operates solely on treated wastewater, and it is finalising a renewable energy deal with state utility Tenaga Nasional to ease strain on the electricity grid. Japan's NTT said its data centre will employ a closed-circuit cooling system to limit water use.…

The Economic Times

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Global Market Today: Oil falls, Asian stocks rise as Iran tensions ease

Global markets saw oil prices fall and stocks rise as US and Iran paused retaliatory strikes. The dollar weakened against peers while Treasuries gained as inflation concerns receded. Traders now await Federal Reserve interest rate decisions and tech company earnings reports. Central banks globally will emphasize vigilance over higher energy…

The Economic Times

Booted from Malaysia, tech guru Balaji Srinivasan finds a new patron for his ‘nomad’ commune: Kazakhstan

It's been a weekslong saga involving crypto-friendly tech utopianism, tensions over the Israeli-Palestinian conflict, and even China’s real estate crash.

Fortune

Quote of the day by Singapore's founding father Lee Kuan Yew: 'I do not yet know of a man who became a leader as a result of having undergone a leadership course'

Lee Kuan Yew was known for his iron fist with which he founded the base of today's Singapore. He was revered for his leadership and this is one of his most memorable leadership quotes, where he said leaders are not manufactured in leadership courses. They are made through everyday crises,…

The Times of India

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

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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

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

Juniper Green Energy to open Rs 1,800-cr IPO on July 30

Juniper Green Energy will launch its Rs 1,800-crore initial public offering on July 30. The company plans to raise funds through a fresh issue of equity shares. Proceeds will be used for debt repayment and investments in subsidiaries. Juniper Green Energy develops and operates renewable energy projects across India. The…

The Economic Times

Global Market: GIC to invest $30 billion more in hedge funds, doubles down on AI

Singapore's sovereign wealth fund GIC plans significant new investments. The fund will allocate an additional thirty billion dollars to hedge funds over three years. GIC is also expanding its exposure to artificial intelligence opportunities across various sectors. This strategic shift follows a period of more conservative investment and softer long-term…

The Economic Times

Thailand passport ranking slides, 5th in Asean

The Thai passport went slightly down in the global ranking this year, as Singapore still underlined its most powerful travel document in the ratings.

Bangkok Post

Donald Trump finds a new way to impose tariffs but Asia isn't buying the reason

US President Donald Trump's new tariffs of 10% to 12.5% on imports from 60 trading partners, including India, have sparked criticism from Japan, Australia, Singapore and New Zealand. The Trump tariffs, linked to forced labour enforcement under Section 301, replace temporary global duties after a US Supreme Court setback.

The Economic Times

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

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The Economic Times

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.…

Fortune

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.”

The Times of India

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 Economic Times

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…

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Bangkok Post

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.

International Business Times UK

'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.

Euronews

Middle East flights: Air France suspends routes to Riyadh, Dubai and Beirut

Air France said it is ‘monitoring the situation’ in ‘real time’ while other carriers including KLM, British Airways, Aegean and Singapore Airlines have also issued recent updates on their Middle East flights.

The Independent UK

Future of trafficked babies unclear after 19 people convicted over illegal adoptions

IN FULL

The Independent UK

Ringleader of group selling babies in Singapore jailed for seven years

Future of some 34 babies trafficked by crime syndicate remains unclear, with some calling for them to stay with their adoptive parents regardless

The Economic Times

First of two Indian nationals jailed for diamond theft from Singapore store

One Indian national received a jail sentence in Singapore for a diamond theft. He and his accomplice planned to steal a valuable diamond from a Chinatown store. The men commissioned a counterfeit diamond in India before traveling to Singapore. They were apprehended at Changi Airport while attempting to depart the…

The Times of India

Singapore minister quits over 'inappropriate interactions' with a woman; PM says conduct fell short

Singapore's Acting Minister-in-charge of Muslim Affairs Muhammad Faishal Ibrahim has resigned from office after his interactions with a woman ‘fell short’ of the standards expected of a political office holder and member of parliament, according to a statement by Prime Minister Lawrence Wong.

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