Some are concerned that the recent swings in the Chinese stock markets could cause a meltdown, which could impact Singapore. However, one analyst says it could draw foreign investors to Singapore equities.
Dr Gan See Khem, Mr Tony Chew and Mr Wong Fong Fui are among the 28 recipients who received the SG50 Outstanding Chinese Business Pioneers Awards earlier this year.
Total loans and advances by Singapore banks amounted to S$606.8 billion in June, the highest since January, according to the Monetary Authority of Singapore.
Net profit for the three months ended Jun 30 came in at US$268 million, while revenue rose 12 per cent to US$190 million.
Social enterprises with innovative business solutions will be able to apply for grants from the Singapore Centre for Social Enterprise.
About 68 per cent of companies in the services sector and 70 per cent in the manufacturing sector expect the business climate to remain the same for the next six months, according to two surveys.
The rise was driven by higher interest income and contributions from Greater China and Indonesia, the bank says.
Net profit for the first half of the year came in at S$1.56 billion, down 2.1 per cent from the same period a year ago.
Trade agency IE Singapore is partnering e-marketplaces such as Amazon, T-mall and Lelong so that small- and medium-sized enterprises and list their products on the e-commerce sites more easily.
The deal is part of its US$1 billion investment to drive the growth of Aliyun, its cloud computing arm.