Markets

FITCH Solutions has revised its forecast for the Singapore dollar’s (SGD) average exchange rate this year to a stronger S$1.3950 per US dollar (USD), from its previous forecast of S$1.4250.

THE Inland Revenue Authority of Singapore (Iras) on Monday said Hwa Luck Investments and its controlling director Tan Hwa Luck were convicted for incorrect declaration of directors' fees in the company's corporate income tax returns.

The Federal Reserve's whatever-it-takes approach to stave off economic calamity has kept interest rates near zero and helped drive U.S. stocks back to pre-pandemic record levels, while weakening the usual dynamic between safe-haven U.S. Treasuries and riskier equities.

HONG KONG: Gold hit a record high on Monday (Jul 27) as investors rushed into the safe-haven on concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus bill in Washington. After months of healthy rallies across equity markets, fuelled...

Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50per cent and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods in Asia's third-largest economy.

A SKILLS map for family office advisers to deepen specialist skill sets was launched on Monday by the Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS), as part of efforts to enhance Singapore’s growing family office ecosystem.

UOB Asset Management (UOBAM) on Monday launched a robo-advisory mobile app for retail investors in Singapore, following the rollout of its UOBAM Invest online portal which was first introduced in 2018 for corporate investors.

AXA Insurance on Monday said it is offering unlimited free teleconsultations with general practitioners (GP), and waiving delivery fees for medication, to all individuals in Singapore from July 23 to Dec 31.

Huawei Technologies' founder Ren Zhengfei's global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities.

THE national joint venture between Malaysia and Singapore, M+S Pte Ltd, has obtained a S$1.95 billion green loan for its sustainable asset Marina One from DBS, OCBC Bank and United Overseas Bank (UOB).