Lifestyle

14 months’ jail for money laundering accused who evaded arrest; more than S5 million forfeited to state
14 months’ jail for money laundering accused who evaded arrest; more than S$165 million forfeited to state
April 4, 2024
SU HAIJIN, one of the 10 foreign nationals prosecuted in Singapore’s largest money-laundering case, was sentenced to an imprisonment term of 14 months after pleading guilty to one count...
Thai central bank seen cutting rates by 50 bps this year, bond market association says
Thai central bank seen cutting rates by 50 bps this year, bond market association says
April 4, 2024
THAILAND’S Bond Market Association (ThaiBMA) on Thursday (Apr 4) said it expects the country’s central bank to cut rates twice this year starting from June and totalling 50 basis...
Rakuten boosts junk bond sale to US billion with juicy yield
Rakuten boosts junk bond sale to US$2 billion with juicy yield
April 4, 2024
RAKUTEN Group boosted a junk bond sale to US$2 billion as the debt-laden Japanese company attracted investors with a yield that is significantly higher than similarly rated debt.The conglomerate...
Asia: Markets lifted by US data and fresh rate cut hopes
Asia: Markets lifted by US data and fresh rate cut hopes
April 4, 2024
ASIAN markets rose on Thursday (Apr 4) after US data provided a fresh indicator that inflation was easing and Federal Reserve boss Jerome Powell soothed worries about the bank’s...
Singapore’s region-lagging bonds face little near-term relief
Singapore’s region-lagging bonds face little near-term relief
April 4, 2024
OVERSEAS investors in Singapore government bonds may need to steel themselves for more disappointment. The debt is already the worst performing in South-east Asia in US dollar terms this...
Gold prices touch record high after Powell’s comments
Gold prices touch record high after Powell’s comments
April 4, 2024
GOLD surged to a record high on Thursday (Apr 4), as Federal Reserve chair Jerome Powell underlined that recent job gains and higher-than-expected inflation readings do not significantly alter...
BNP Paribas to cut space in Keppel Reit’s Singapore tower as high rents bite
BNP Paribas to cut space in Keppel Reit’s Singapore tower as high rents bite
April 4, 2024
BNP Paribas is set to give up space in a prime office tower in Singapore amid rising commercial rent in the financial hub, according to sources familiar with the...
SK Hynix plans to spend US billion on first US chip plant
SK Hynix plans to spend US$4 billion on first US chip plant
April 3, 2024
SK HYNIX plans to spend US$3.87 billion building an advanced packaging plant and research centre for artificial intelligence (AI) products in Indiana, marking a win for the Biden administration...
Oil settles at five-month high; gains capped by jump in US crude stocks
Oil settles at five-month high; gains capped by jump in US crude stocks
April 3, 2024
OIL prices settled at their highest levels since late October on Wednesday (Apr 3) as investors worried about supply disruptions from a worsening geopolitical landscape, although a jump in...
BIS and seven central banks to test tokenisation of cross-border payments
BIS and seven central banks to test tokenisation of cross-border payments
April 3, 2024
THE Bank for International Settlements (BIS) and seven central banks including the Federal Reserve Bank of New York will test using tokenization to increase the speed and integrity of...