<div class=newsTextDataWrapInner><p>SINGAPORE (July 10): The number of US dollar millionaires in Singapore is expected to grow by slightly over 10% in the next five years — equivalent to an increase of about 42,000 people, according to the findings of the <em>UBS Global Wealth Report 2024</em>.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In 2023, the number of US dollar millionaires in Singapore stood at 333,204. In 2028, this figure is expected to expand to 375,725.</p></div>

<div class=newsTextDataWrapInner><p>Globally, Taiwan is set to have the highest expected growth rate in US dollar millionaires, growing by almost half (47%) to 788,799 individuals in 2028. Paul Donovan, chief economist at UBS Global Wealth, attributes this to<a href="https://www.theedgesingapore.com/news/wealth/singapores-usd-millionaires-grow-over-10-next-five-years-ubs" target="_blank"><em>...(click on link for full story on theedgesingapore.com)</em></a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


SINGAPORE (July 10): The number of US dollar millionaires in Singapore is expected to grow by slightly over 10% in the next five years — equivalent to an increase of about 42,000 people, according to the findings of the UBS Global Wealth Report 2024.

Singapore’s US dollar millionaires to grow by over 10% in next five years — UBS report

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.

Gaza ceasefire to start on Sunday morning following Israeli approval

South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.

Impeached S Korean president Yoon defends himself in court against longer detention

The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

MOT, JPJ to discuss integrating app for buying and selling used motorcycles with mySIKAP

The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

MACC arrests four more suspects over loan bribery scandal

Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).

In a statement on Saturday, the IRB noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.

Over 4,900 early voluntary participants in Phase 3 of e-invoicing, says IRB

JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.

JF Tech boss sees water infrastructure potential in Cosmos as he becomes second-largest shareholder

Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.

Lufthansa finalises deal for 41% stake in Italy’s ITA Airways

Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.

HLB forecasts M'sian economic growth at moderate pace of 4.5% to 5% in 2025

A four-day road ban on goods vehicles will be enforced in conjunction with the Chinese New Year celebration to alleviate traffic congestion and minimise the risk of accidents.

MOT to enforce road ban on goods vehicles during Chinese New Year

Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.

MCMC discussing LinkedIn licensing with platform owner Microsoft, says Fahmi

<p>Long queues were spotted at Sports Toto Bhd's (KL:SPTOTO) outlets across Malaysia on Saturday, as eager punters lined up for a chance to strike it rich with the record-breaking RM100 million Supreme 6/58 jackpot.</p>


Nationwide frenzy: Long queues at Sports Toto outlets as punters hope to win RM100m jackpot

<p>Malaysia’s Energy Commission (EC) will conduct an open tender for the large-scale solar (LSS) Petra 5+ programme, offering opportunities to develop solar plants with capacities ranging from 10MW to 500MW, scheduled for operation in 2027.</p>


Malaysia calls for second LSS5 bid, targets 2GW

<p>JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.</p>


<p>Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.</p>


<p>The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.</p>


<p>A four-day&nbsp;road ban on goods vehicles will be enforced in conjunction with&nbsp;the Chinese New Year celebration to alleviate traffic congestion and minimise&nbsp;the risk of accidents.</p>


<p>Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.</p>


<p>Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).</p>

<p>In a statement on Saturday, the IRB&nbsp;noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.</p>


<p>South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.&nbsp;</p>


<p>Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.&nbsp;</p>


<p>Social enterprises have a vital role to play in addressing societal challenges and giving back to the community. Focusing on sustainable solutions and ensuring social welfare, these organisations’ earnest efforts greatly benefit communities and the environment. <em>City &amp; Country</em> speaks ...