by chung chinyi | Apr 14, 2025 | Uncategorized
This is a concerning case of employee fraud in Singapore. Here’s a summary of what happened: Amira Nur Hudah Mohamed, a 28-year-old clinic assistant, has been sentenced to 14 months in jail after pleading guilty to cheating 509 patients out of over $55,000. She...
by chung chinyi | Apr 14, 2025 | Uncategorized
The Policy Adjustment The Monetary Authority of Singapore (MAS) has implemented its second monetary policy easing of 2025 by reducing the pace of the Singapore dollar’s appreciation. This move specifically: Decreased the rate of Singapore dollar nominal...
by chung chinyi | Apr 14, 2025 | Uncategorized
GXS Bank’s Acquisition of Validus Capital: A Watershed Moment in Singapore’s Banking Evolution The acquisition of Validus Capital by GXS Bank marks a significant milestone in Singapore’s banking landscape. It represents the first such acquisition by...
by chung chinyi | Apr 14, 2025 | Uncategorized
Current Situation China has strategically targeted rare earth exports to the United States as a countermeasure to Trump’s tariffs. On April 4, 2025, China restricted sales of seven specific rare earths to America, implementing an export license requirement that...
by chung chinyi | Apr 14, 2025 | Uncategorized
Reasons for GDP Forecast Downgrade The main factors driving Singapore’s GDP forecast downgrade from 1-3% to 0-2% include: US-China tariff war escalation: Trump administration imposing 10% universal tariffs (with a 90-day pause) China facing 145% tariffs from the...
