Showing posts with label Money Talks. Show all posts
Showing posts with label Money Talks. Show all posts

08/03/2026

International Women's Day 2026


International Women's Day is a worldwide celebration of women's social, economic, cultural, and political achievements.

The day also serves as a rallying cry for greater gender equality. Worldwide, there is a lot of activity as people come together to celebrate women's accomplishments or to rally for women's equality.

International Women's Day (IWD), observed annually on March 8th, is one of the most important days of the year to honour women's accomplishments, increase awareness of women's equality, advocate for gender parity as soon as possible, and raise funds for female-focused charities.


The women's day has been celebrated for well over a century, with the first one in 1911

International Women's Day (IWD), celebrated on March 8, is a global day celebrating the social, economic, cultural, and political achievements of women. The women's day has been celebrated for well over a century, with the first one in 1911.

The day marks a call to action for accelerating gender parity. Significant activity is witnessed worldwide as groups come together to celebrate women's achievements or rally for women's equality.

Marked annually on March 8th, women's day is one of the most important days of the year to celebrate women's achievements, raise awareness about women's equality, lobby for accelerated gender parity and fundraise for female-focused charities.


From Suffrage To Sisterhood: What Is Feminism And What Does It Mean?

Held on March 8, International Women’s Day celebrates the progress women have made over the last century, and the inspiring women who helped make that progress happen. From the suffragist movement of the 1800s to the 2017 Women’s March in Washington, women have used the power of language and oration to inspire countless people.

Early feminism was heavily influenced by the Enlightenment in Europe during the late 1700s. The movement focused on reason and equality for all, and it ultimately inspired the American and French Revolutions. Think of the Declaration of Independence: “We hold these truths to be self-evident: that all men are created equal; that they are endowed by their creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.” Of course, that whole all men are created equal thing didn’t apply to women or people of color at the time. That was a problem and a great source of tension for early feminism.

In the UK, Mary Wollstonecraft, an early feminist, published A Vindication of the Rights of Women in 1792, promoting the then-radical idea that women be educated on the same level as their male peers. The word feminism itself was first coined in 1837 by French philosopher, Charles Fourier (as féminisme). It originally referred to “feminine qualities or character,” but that sense isn’t used any more. Toward the end of the century, the word came to refer to equal rights for women and became inextricably linked to the suffragist movement.

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02/04/2025

Water price to rise from April 2025

S’pore water price to rise by 50 cents per cubic m by 2025; lower- and middle-income families to get help
Most households will fork out an additional $4 to $9, excluding GST, for their monthly water bills by 2025. FOTO:BRIAN TEO

Water will soon cost consumers an additional 50 cents per cubic m, starting with a 20-cent increase in April 2024 and a 30-cent rise in April 2025. This means that most households will fork out an additional $4 to $9, excluding goods and services tax (GST), for their monthly water bill by 2025, said national water agency PUB on Wednesday.

In 2020, the average monthly consumption of water was 15 cubic m for condominiums and 16.2 cubic m for HDB flats. Lower- and middle-income households will get help to offset some of the price increase. Deputy Prime Minister and Finance Minister Lawrence Wong will announce cost-of-living support measures to provide more relief for Singaporean households on Thursday.

The last water price hike of 30 per cent happened in 2017. The upcoming 50-cent rise – bringing the cost of 1 cubic m, or 1,000 litres, of water to $3.24 – is an 18 per cent increase. The price hike between 1997 and 2000 saw water prices rising by 120 per cent for households. The upcoming increase comes amid rising living costs, GST hikes and higher transport fares, and the water agency did not take the decision lightly, said a PUB spokesman.


Singapore to raise water prices by 18% over two phases in 2024 and 2025
Most households will pay 20 cents more for every 1,000 litres of water next year and another 30 cents more in 2025

Water prices in Singapore will rise by about 18 per cent over the next two years, national water agency PUB said on Wednesday (Sep 27). Potable water currently costs S$2.74 (US$2.01) for every 1,000 litres, or per cubic metre, before tax for most households.

The increase translates to an additional 50 cents per cubic metre. It will be split over two phases: 20 cents on Apr 1, 2024 and 30 cents on Apr 1, 2025. After the 2025 revision, three in four households will see a less than S$10 increase in their monthly water bills, PUB said. For businesses, three in four will see their water bills rise by less than S$25 a month while three in four hawkers will foot an increase of less than S$15 monthly.

The 4 per cent of households that consume much more water – exceeding 40 cubic metres a month – will see a higher increase in their bills. For every cubic metre of water above the threshold, the rate they pay will rise by 70 cents, from S$3.69 now to S$3.94 next year and S$4.39 the year after. The average household consumes about 15 cubic metres of water each month.


What you need to know about Singapore's impending water price hike

Water prices are set to increase by 18 per cent, starting from April next year.

How will the impending rise impact you, businesses or hawkers?

Here's what you need to know:
  • How much more will I have to pay? - If you consume up to 40 cubic metres of water, you will have to pay an additional 50 cents per cubic metre. The hike will be implemented over two phases: 20 cents on Apr 1, 2024 and 30 cents on Apr 1, 2025.
  • What help will I get? - The Ministry of Finance will on Thursday announce additional support measures to help households with the impact of the water price increase and other cost of living concerns. Meanwhile, all one-, two- and three-room households can apply for e-vouchers under the Climate Friendly Households Programme to offset the costs of installing water-efficient shower fittings.
  • How much more will businesses have to pay? - Three in four businesses, including small and medium enterprises will experience an increase of less than S$25 in their monthly water bills. Three out of four hawkers will see an increase of less than S$15 per month.
  • When were water prices last raised? - Water prices were last raised by 30 per cent in 2017, also over two phases. Announced in Budget 2017, the water prices were raised for the first time since 2000 to reflect the costs of water supply and to maintain Singapore's water infrastructure.
  •  Why are prices going up this time? - The latest price increase is due to rising operating costs and heavier investment in water infrastructure. The cost of producing and supplying water has gone up substantially since the last price revision, PUB said.


Water price to rise from April 2024; Government to provide support for lower- and middle-income households

Water price will be revised in two phases on 1 April 2024 and 1 April 2025, to reflect the rising costs of producing and supplying water. Water security is essential for Singapore. Water is a strategic resource that all of us – individuals, businesses, and the Government – must safeguard. Through long-term planning and continual investments in critical water infrastructure, Singapore has developed the Four National Taps1 to ensure a safe and reliable water supply to meet the needs of our population and economy. In Singapore, water is priced to recover the full cost of its supply and production, and to reflect the cost of producing the next drop of water. This right pricing of water also encourages water conservation by households and industries, to achieve a sustainable growth in water demand.

Even with active cost mitigation measures by PUB and our contractors, the cost of producing and supplying water has increased substantially since the last price revision in 2017, due to external cost pressures. Average electricity market tariffs have increased by about 37%, adding to PUB’s energy costs as we increasingly tap on energy-intensive sources such as NEWater and desalination to meet growing water demand. Construction costs in Singapore have also gone up by 35% across the industry2, with higher increases for specialised works PUB must undertake, such as tunnelling and pipeline projects through highly urbanised areas. PUB’s expenses for essential chemicals in water and used water treatment have increased by about 33%, due to inflationary pressures and supply chain disruptions. Similarly, maintenance expenses have risen by 18% due to higher manpower costs for contracted services.

Singapore’s water demand is projected to almost double by 2065 in tandem with economic and population growth. Climate change will also put greater strain on our local catchment and imported water which are weather-dependent. To ensure the security and sustainability of our water supply, we will need to maintain long-term investments in water infrastructure and further develop ourweather-resilient water sources such as NEWater and desalinated water, which are more energy-intensive and costlier to produce. The current potable water price is set at $2.74 per cubic metre. To meet the higher costs of supplying and producing water, the potable water price will increase by 50 cents per cubic metre (equivalent to 1,000 litres of water). This will be implemented in two phases – an increase of 20 cents per cubic metre from 1 April 2024, and a further 30 cents per cubic metre from 1 April 2025. This would represent an increase in water price of about 2.5% per year since the last price revision. The phased approach, with a smaller increase in the first year, is intended to help households and businesses adjust to the price increase and allow more time for the adoption of water conservation measures. For NEWater customers, the NEWater price will increase by 17 cents per cubic metre, similarly carried out in two phases


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28/03/2025

DBS chief Piyush Gupta retires on 28 Mar 2025

DBS picks insider Tan Su Shan as first female CEO to succeed Piyush Gupta
Piyush Gupta, chief executive officer of DBS Group Holdings

DBS Group said on Wednesday that Tan Su Shan, the firm’s head of institutional banking, will succeed Chief Executive Piyush Gupta upon his retirement in March, making her the first female CEO of Singapore’s biggest bank. Tan, who joined the bank in 2010, will serve as the deputy CEO till then, DBS said in a statement.

CEO Piyush Gupta retires on 28 March 2025, when the bank hosts its next annual general meeting. The banking veteran spent her first three years in the firm building DBS’ wealth management and institutional banking businesses, which account for 90% of the company’s income. Tan’s appointment will also make her the first internal candidate to succeed as CEO, DBS Chairman Peter Seah told reporters in an earnings briefing on Wednesday.

The recent appointment ends a long period of conjecture about who would take over from 64-year-old Gupta, a prominent figure in Asian banking who has been at the helm of DBS for 14 years. Gupta has been instrumental in reshaping the bank’s culture and upgrading its technology to meet the challenges posed by emerging digital banking competitors.


Singapore's DBS chief Piyush Gupta to step down after 15 years
Tan Su Shan, right, was appointed DBS Group Holdings deputy chief executive on Aug. 7 and will replace Piyush Gupta, left, as CEO next year. They are pictured with DBS Chairman Peter Seah. (DBS Group Holdings)

DBS Group Holdings CEO Piyush Gupta, one of the highest profile bankers in Southeast Asia, will step down next year, the Singaporean lender said Wednesday, in what would be its first leadership change in 15 years. Gupta, 64, will be succeeded by Tan Su Shan when he retires at the next general meeting on March 28, DBS said. Tan was appointed deputy chief executive on Wednesday in addition to her current role as the group's head of institutional banking.

"Su Shan has worked closely with me for more than a decade to bring the bank to where it is today," Gupta said in a statement. "With her appointment, we can be assured that the trajectory of DBS' transformation will continue well into the future." Tan will become the first woman to lead Southeast Asia's largest lender by assets. With over 35 years of industry experience, the 56-year-old has also worked in other major financial centers including Hong Kong, Tokyo and London.

DBS said Tan's appointment was the culmination of a "decade long succession process." Tan joined DBS from Morgan Stanley in 2010 and spent her first years at the lender building its wealth management business. She subsequently managed its consumer banking, wealth management and institutional banking businesses, which account for 90% of the lender's income. "Leading the continued transformation of DBS is a tremendous privilege and responsibility," Tan said in a statement. "I am proud of the founding mission of DBS -- financing Singapore's growth -- and will continue to ensure that it is a brand that stands tall not just in Asia but also [on] the world stage."


DBS chief Piyush Gupta to retire in March 2025; veteran banker Tan Su Shan to take over
(From left) DBS’ chief executive Piyush Gupta, chairman Peter Seah and group head of institutional banking Tan Su Shan at a news conference on Aug 7

DBS Bank chief executive Piyush Gupta will retire in 2025 after 15 years at the helm of South-east Asia’s largest bank. DBS banker Tan Su Shan will replace Mr Gupta, 64, when he retires at the next annual general meeting on March 28, 2025. Ms Tan said: “I’m very grateful for this big opportunity. I’m also very mindful that this is a huge responsibility.” This will be the first time the bank has filled the top job internally.

The board has also appointed Ms Tan as deputy CEO, in addition to her present role as group head of institutional banking, it announced on Aug 7. Ms Tan, 56, has had more than 35 years of experience in consumer banking, wealth management and institutional banking, with stints in Hong Kong, Tokyo and London. She joined DBS in 2010 and spent the first three years building the lender’s wealth management unit before running the consumer banking and wealth business and the institutional banking division. The businesses account for 90 per cent of DBS’ income.

DBS chairman Peter Seah told the bank’s results briefing on Aug 7 that the board had engaged an independent consultant to assess candidates for the CEO role. The process started after Mr Gupta said in 2021 that he would like to retire by the time he turns 65 in 2025. Mr Seah said: “Su Shan stood out as the best... The board’s decision to appoint Su Shan was unanimous.” Other contenders for the role included DBS head of consumer banking group and wealth management Shee Tse Koon and Singapore country head Han Kwee Juan, according to various recent media reports. Mr Seah noted that Ms Tan “came in and built a very strong foundation for wealth management. She’s been a very well-respected private banker. She’s covered the two big parts of the bank that contribute the lion’s share of the bank’s income, and she has performed well”.


Piyush Gupta to step down as DBS CEO after 15 years in March 2025; Tan Su Shan, 56, to take over
Mr Piyush Gupta (pictured) joined DBS bank in November 2009

After almost 15 years as chief executive officer (CEO) of Singapore's biggest bank DBS, Mr Piyush Gupta will step down when he retires on March 28, 2025. The bank announced his imminent departure at its second-quarter financial results media briefing for 2024 on Wednesday (Aug 7).

The 64-year-old is set to be replaced by Ms Tan Su Shan, 56, the group head of institutional banking. The board has also appointed Ms Tan as deputy CEO in the interim. Before joining DBS in 2010, Ms Tan was managing director at investment banking giant Morgan Stanley. She was also a former Nominated Member of Parliament from 2012 to 2014.

Mr Gupta joined DBS in November 2009 after a 27-year stint at Citigroup, where he served as its CEO for Southeast Asia, Australia and New Zealand. Under his leadership, DBS had earned numerous accolades from various industry bodies, including the title of World’s Best Digital Bank in 2016 — awarded by Euromoney magazine for the bank’s efforts in digital innovation. It marked the first time that an Asian bank won a global accolade from the leading financial publication.


Piyush Gupta: The veteran banker who led DBS for 15 years
DBS CEO Piyush Gupta to step down in March 2025

After 15 years at the helm of Singapore's largest lender, DBS CEO Piyush Gupta will leave his post. DBS announced on Wednesday (Aug 7) that Mr Gupta will retire at the next annual general meeting on Mar 28, 2025.

The bank's group head of institutional banking Tan Su Shan, 56, will succeed him. During an analyst briefing in May, Mr Gupta, 64, was asked about chatter in the market that he could retire this year. "No, I am not retiring this year," he responded at the time.

At a media briefing on Wednesday, Mr Gupta said that in 2021, he told the board that he wanted to retire at the age of 65. "43 years of a banking career, 15 years of having run DBS, and it would be a great time to pass the baton," he said.



DBS CEO Piyush Gupta's total pay dropped 27% to S$11.2 million in 2023
DBS CEO Piyush Gupta speaks during a Reuters Newsmaker event in Singapore on Sept 14, 2023

Piyush Gupta, CEO of Singapore's biggest bank DBS Group and one of the highest-paid CEOs in the city-state, saw his total compensation drop 27.3 per cent for 2023, according to the lender's annual report published on Wednesday (March 6).

Mr Gupta's total compensation fell to S$11.2 million in 2023 from S$15.4 million in 2022, the annual report showed. The lower total compensation followed a cut in variable pay to take accountability for last year's digital banking disruptions at DBS, even as Southeast Asia's largest lender posted a record 2023 profit with a return of equity of 18 per cent.

"Despite record 2023 profits and outperformance in many areas, the gaps in technology resiliency resulted in a lower scorecard appraisal by the Board compared to the previous year," the bank said in its annual report. DBS added that its falling short in technology resiliency and the resultant impact on customers and franchises "were taken into account when determining the scorecard performance of both the Group and the CEO".

related:

Timeline: DBS’ key milestones under CEO Piyush Gupta
Piyush Gupta, DBS' CEO, will retire at the bank's next annual general meeting on Mar 28, 2025

DBS announced on Wednesday (Aug 7) that its chief executive officer will retire at the next annual general meeting on Mar 28, 2025.

Piyush Gupta, who has been with the bank since 2009, will be succeeded by Tan Su Shan, who was appointed deputy CEO on Wednesday, in addition to her current role as group head of institutional banking.

Over the last 15 years, DBS has undergone a transformation under Gupta’s leadership. The bank simplified its management structure, expanded into regional lenders and digitalised its services. However, service was marred in recent years by a spate of online banking disruptions.


Piyush Gupta 高博德 Chief Executive Officer DBS Group

Mr. Piyush Gupta has been Chief Executive Officer and Director of DBS Group since 2009.

DBS is a leading financial services group in Asia, headquartered in Singapore. Recognised for its global leadership, DBS has been named "World’s Best Bank" by several global publications like Euromoney and Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking and was also named “World’s Best Digital Bank” by Euromoney. In addition, in 2019, DBS was listed among the top ten most transformative organisations of the decade by Harvard Business Review.

Prior to joining DBS, Piyush had a 27 year career at Citigroup, where his last position was Chief Executive Officer for South East Asia, Australia and New Zealand.


Piyush Gupta
Born on 24 January 1960 (age 64) Meerut, Uttar Pradesh, India

Piyush Gupta BBM (Hindi: पीयूष गुप्ता; born 24 January 1960) is an Indian-born Singaporean banker and the chief executive officer (CEO) of DBS Group, the largest bank in Southeast Asia by total assets. He is vice-chairman of the Institute of International Finance, and a board member of Enterprise Singapore.

In 2009, he left Citigroup to join DBS Group as the CEO. As CEO, he received various business awards and has been credited with growing DBS to become a leading Asian financial services group.[8][4] Early on in 2013, Gupta also realized that DBS needed to start thinking like big tech. "Our frame of reference had to be Amazon or Alibaba. We had to stop thinking about what others banks will do. We had to start thinking about what big tech will do.

In 2024, he announced on August 7 that he would step down from his role on March 28, 2025. Tan Su Shan was appointed deputy CEO with immediate effect and will succeed him.


Ho Ching retires from Temasek Holdings on 1 Oct 2021
Ms Ho Ching will be appointed to Temasek Trust’s board of directors with effect from Oct 1, 2021, and take over as chairman from April 1, 2022

Retiring Temasek Holdings chief executive Ho Ching will be taking over as chairman of Temasek Trust from April 1, 2022.

Ms Ho, 68, will be appointed to Temasek Trust's board of directors with effect from Friday (Oct 1), the same day she is retiring from the Singapore investment company.

From April 1, she succeeds Mr S. Dhanabalan, who will remain on the board and be designated chairman emeritus.


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16/03/2025

How to Invest in Stocks

Stock investing, when done well, is among the most effective ways to build long-term wealth.

Here's a step-by-step guide to investing money in the stock market to help ensure you're doing it the right way:
  • Determine your investing approach - The first thing to consider is how to start investing in stocks.
  • Decide how much you will invest in stocks - First, let's talk about the money you shouldn't invest in stocks.
  • Open an investment account - All of the advice about investing in stocks for beginners doesn't do you much good if you don't have any way to actually buy stocks.
  • Choose your stocks - Now that we've answered the question of how you buy stock, if you're looking for some great beginner-friendly investment ideas, here are five great stocks to help get you started.
  • Continue investing - Here's one of the biggest secrets of investing, courtesy of the Oracle of Omaha himself, Warren Buffett.

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04/03/2025

Travel Hack Everyone Must Know

Unlimited data, Affordable & Good (Best network is guaranteed)

 It’s a fact that we feel the need to stay connected everywhere we go in today’s digitalized world. It will be a total nightmare if we are disconnected while travelling, even just for a bit. (Just take a look at the recent outage when Facebook, Instagram and, Whatsapp are down.)

 Even if you do not dwell on such apps, a good WiFi connection can be handy when you need access to Google Maps. I am pretty sure you will not want to waste a single bit of your holiday getting lost in a foreign country, right?

 “I’m travelling alone, why would I need a WiFi device when I can purchase SIM cards or activate my telco’s roaming services?” You may ask. It is a valid point but, most SIM providers has partnerships with a preferred local network provider. What this means is that in some areas, the reception can be exceptionally weak.

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24/02/2025

Steve Jobs last words would change your views on Life


Steve Jobs Archive shares a special photo memory of the late Apple co-founder with the Mac in 1984

Steve Jobs would have turned 68 years old today. The recently announced Steve Jobs Archive has shared a special snapshot in time of the late Apple co-founder and the Macintosh to mark the date. In the photo, Steve Jobs is seen closely examining a person using the newly introduced Macintosh in a store window in New Orleans in 1984.

The photo was shot 39 years ago in February 1984. The original Macintosh was introduced only a month earlier. Leslie Berlin, who is the founding Executive Director of the Steve Jobs Archive, shares the story behind the image of Jobs spotting the Mac in the wild nearly 40 years ago.

“Steve’s friend Jean Pigozzi, who calls himself a “serious amateur photographer,” took the image and told me the story behind it,” Berlin writes. “Although Jean did not work in tech, Steve invited him along to a software conference in New Orleans. One evening after the event, as they were walking down O’Keefe Avenue looking for dinner, Steve—a notoriously fast walker—pulled to a halt. Someone in a store window was working on a Macintosh.”


Steve Jobs
Jobs introducing the iPhone 4 in 2010

Steven Paul Jobs (February 24, 1955 – October 5, 2011) was an American entrepreneur, business magnate, industrial designer, media proprietor, and investor. He was the co-founder, chairman, and CEO of Apple; the chairman and majority shareholder of Pixar; a member of The Walt Disney Company's board of directors following its acquisition of Pixar; and the founder, chairman, and CEO of NeXT. He is widely recognized as a pioneer of the personal computer revolution of the 1970s and 1980s, along with his early business partner and fellow Apple co-founder Steve Wozniak.

Jobs was born in San Francisco to a Syrian father and German-American mother. He was adopted shortly after his birth. Jobs attended Reed College in 1972 before withdrawing that same year. In 1974, he traveled through India seeking enlightenment before later studying Zen Buddhism. He and Wozniak co-founded Apple in 1976 to sell Wozniak's Apple I personal computer. Together the duo gained fame and wealth a year later with production and sale of the Apple II, one of the first highly successful mass-produced microcomputers. Jobs saw the commercial potential of the Xerox Alto in 1979, which was mouse-driven and had a graphical user interface (GUI). This led to the development of the unsuccessful Apple Lisa in 1983, followed by the breakthrough Macintosh in 1984, the first mass-produced computer with a GUI. The Macintosh introduced the desktop publishing industry in 1985 with the addition of the Apple LaserWriter, the first laser printer to feature vector graphics.

In 1985, Jobs was forced out of Apple after a long power struggle with the company's board and its then-CEO, John Sculley. That same year, Jobs took a few Apple employees with him to found NeXT, a computer platform development company that specialized in computers for higher-education and business markets. In addition, he helped to develop the visual effects industry when he funded the computer graphics division of George Lucas's Lucasfilm in 1986. The new company was Pixar, which produced the first 3D computer-animated feature film Toy Story (1995) and went on to become a major animation studio, producing over 25 films since.

In 1997, Jobs returned to Apple as CEO after the company's acquisition of NeXT. He was largely responsible for reviving Apple, which was on the verge of bankruptcy. He worked closely with English designer Jony Ive to develop a line of products that had larger cultural ramifications, beginning with the "Think different" advertising campaign and leading to the Apple Store, App Store (iOS), iMac, iPad, iPod, iPhone, iTunes, and iTunes Store. In 2001, the original Mac OS was replaced with the completely new Mac OS X (now known as macOS), based on NeXT's NeXTSTEP platform, giving the operating system a modern Unix-based foundation for the first time. In 2003, Jobs was diagnosed with a pancreatic neuroendocrine tumor. He died of respiratory arrest related to the tumor on October 5, 2011, at the age of 56. In 2022, he was posthumously awarded the Presidential Medal of Freedom.

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21/01/2025

A terrace house with upcycled Javanese windows & kampung vibes

Reclaimed teak windows and doors sourced from Java, Indonesia, feature prominently in Sandra Heng’s four-bedroom house

When homeowner Sandra Heng first saw her two-storey home, it was not love at first sight. The 46-year-old inter-terrace building lacked natural light and ventilation in many parts and didn’t look inviting.

Today, sunlight permeates the home in all corners and the open living and dining space with a swing reverberates with a playful kampung vibe. On weekends, there’s lively chatter and laughter as Heng conducts free pilates workshops for friends in a specially constructed 656 sq ft studio.

Bringing light into the house was one of architect Goy Zhenru’s first priorities when she was tasked to transform the space, which won a Gold Award in Best Residential Design (Private Houses) at the 2018/2019 IDSA International Design Excellence Awards (IDEA).

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17/01/2025

Trump launches his own $TRUMP meme coin

Trump begins selling new crypto token $Trump, raising ethical concerns
This newest venture brings Trump and his family directly into the world of selling cryptocurrency

President-elect Donald Trump and his family on Jan 17 started selling a cryptocurrency token featuring an image of Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again.

Disclosed just days before his second inauguration, the venture is the latest in a series of moves by Trump that blur the line between his government role and the continued effort by his family to profit from his power and global fame. It is yet another sign that the Trump family will be much less hesitant in this second term to bend or breach traditional ethical boundaries.

Trump announced the launch of his new business on Jan 17 night on his social media platform, in between announcements about filling key federal government posts. He is calling the token $Trump, selling it with the slogan: “Join the Trump Community. This is History in the Making!”


Trump promotes new meme coin before taking office on pro-crypto agenda

President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value – and potentially boosting his net worth – just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.

“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.

In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity. That hasn’t stopped people from trying to make money. The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning. It fell sharply later Sunday after Trump and his wife, Melania Trump, posted about a meme coin for her. The Melania coin was trading for around $5 Sunday afternoon.


Trump launches his own $TRUMP meme coin, price soars overnight

President-elect Donald Trump launched his own cryptocurrency on Friday, sparking a feverish buying that apparently sent its market capitalization soaring to several billion dollars.

In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend.

"My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" he wrote.


Trump Became a Crypto Billionaire Overnight Thanks to ‘Trump Meme’ Coin
The president-elect has positioned himself to execute the ultimate presidential grift

President-elect Donald Trump‘s new cryptocurrency token has made him a billionaire many times over, but concerns remain over the ethics of the scheme in light of his presidency.

According to Axios, Trump’s crypto holdings reached $58 billion in worth on paper that when put together with his other assets could put him among the richest people in the world. Trump announced the launch of the token, which he is calling “$TRUMP,” on Friday by inviting his followers to “Join my very special Trump Community.” The cryptocurrency‘s slogan reads: “Join the Trump Community. This is History in the Making!”

Marketing materials for the coin depict Trump with a raised fist following the assassination attempt against him this past summer with “FIGHT FIGHT FIGHT” and Trump’s signature superimposed over the image.


Donald Trump Launches $TRUMP Meme Coin—Token Hits $9 Billion Market Cap
The president-elect’s latest venture into crypto comes just days before his inauguration

A new meme coin launched by President-elect Donald Trump on Friday has a market capitalization of about $9 billion—after hitting a peak of over $15 billion early Sunday—marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.

Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration. Shortly after launching, the price of $TRUMP rapidly rose by more than 300% by Saturday morning, and it kept rallying Saturday night and early Sunday morning—before paring back some of its gains later Sunday.

The digital asset hovered at just over $46 as of 5:25 p.m. EST Sunday, with a market cap of $9.36 billion, according to CoinMarketCap. The asset—hosted on the Solana blockchain—briefly surpassed $75 early Sunday morning, bringing the total market cap of all tokens in circulation to a peak of $15 billion.


Donald Trump's $TRUMP coin dominates crypto scene with explosive $14.5 billion debut

On 17 January 2025, Donald Trump launched his $TRUMP meme coin, and within hours, it took the cryptocurrency world by storm.

The coin, built on the Solana network, saw an astonishing surge in value, with its market cap reaching a staggering $14.5 billion within just a couple of hours of its debut. Initially priced at $0.18, the coin's value shot up to $7.1 before stabilising at $21.51 by 6:21 PM IST, marking an incredible 231.61% increase, according to CoinMarketCap data.

Trump’s introduction of the $TRUMP token was made through his Truth Social platform, where he announced: "My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" The announcement quickly gained traction, with Trump urging followers to grab tokens via the official website, gettrumpmemes.com, before the 48-hour claiming window closed.


Trump’s crypto memecoin surges in just two days to become one of world’s most valuable
The Trump memecoins are generating a storm of questions about the conflicts of interest the new venture creates

The Trump family’s new crypto token surged in just two days to become one of the most valuable forms of digital currency in the world, creating the potential for a multibillion-dollar payout to the family but also generating a storm of questions about the conflicts of interest the new venture creates.

US President-elect Donald Trump announced the launch of the new token, $Trump, on Jan 17 as hundreds gathered for a crypto-inspired inauguration ball not far from the White House.

The venture won praise by some as a sign of how digital currencies are now going mainstream in the United States. But economists and even some longtime crypto investors said the new digital coin, known as a memecoin, might also emerge as a landmark moment in the speculative history of crypto trading and the potential dangers it poses to the financial system. Memecoins are a type of cryptocurrency tied to an online joke or a celebrity mascot.


Trump meme coin doubles again, stake worth $58 billion or more

President-elect Trump launched his own cryptocurrency Friday night, and as of Sunday morning appeared to have made more than $50 billion on paper for himself and his companies.

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

It also speaks to the nature of the crypto industry that someone could have more than $50 billion worth of something that literally did not exist 48 hours previously. Combined with the value of his social media business and his real estate holdings, it nominally makes Trump one of the world's 25 wealthiest people.


It’s ‘Just Begun’—Trump Meme Coin Suddenly Crashes Back As Melania Coin Shock Hits Crypto

Crypto markets have been rocked by the launch of an "official" Donald Trump memecoin this weekend with traders braced for more mayhem this coming week.

The price of the "official" Trump memecoin has surged since its Friday evening launch, breaking into the crypto top 20 by market capitalization and hitting an eye-watering $14 billion.

Now, as leaks reveal Trump is readying a flurry of crypto-focused executive orders, Trump's wife Melania has launched her own rival cryptocurrency—tanking the price of Trump's coin.


What the release of Trump's memecoin signals for crypto regulations
The Solana-based memecoin surged to a market cap of over $6 billion one day after launching but allegedly violates the US Constitution

President-elect Trump has launched a memecoin, aptly named Official Trump (TRUMP), on Jan. 17 — drawing both praise and criticism from attorneys, with some arguing that the token signals a positive regulatory shift in the United States and others warning of a Constitutional violation.

In a written statement, Consensys attorney Bill Hughes characterized the incoming Trump administration as a “sea change.” The attorney told Cointelegraph:
“Rather than have other countries dictate how this space transforms the internet, commerce, and investment, they want a regulatory structure that allows creation and experimentation here. They want growth and see crypto as one way the US can achieve it.”


Trump Begins Selling New Crypto Token, Raising Ethical Concerns
President-elect Donald J. Trump announced the launch of his new business on Friday, selling a cryptocurrency token featuring his image

President-elect Donald J. Trump and his family on Friday started selling a cryptocurrency token featuring an image of Mr. Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again.

Disclosed just days before his second inauguration, the venture is the latest in a series of moves by Mr. Trump that blur the line between his government role and the continued effort by his family to profit from his power and global fame. It is yet another sign that the Trump family will be much less hesitant in this second term to bend or breach traditional ethical boundaries.

Mr. Trump himself announced the launch of his new business on Friday night on his social media platform, in between announcements about filling key federal government posts. He is calling the token $Trump, selling it with the slogan, “Join the Trump Community. This is History in the Making!” The venture was organized by CIC Digital LLC, an affiliate of the Trump Organization, which already has been selling an array of other kinds of merchandise like Trump-branded sneakers, fragrances and even digital trading cards.


$Trump

$Trump, also known as Official Trump (stylized in all uppercase), is a cryptocurrency meme coin associated with the 45th U.S. President and current president-elect, Donald Trump, hosted on the Solana blockchain.

The Trump meme coin was launched on January 17, 2025, two days before Trump was due to be inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. Several hours later, Trump announced TRUMP on his X and Truth Social accounts. The coin's logo is a cartoon image of Trump raising his fist after surviving the attempted assassination in July 2024. The meme coin website described it as the "only official Trump meme". A disclaimer said that the coin was "not intended to be, or the subject of" an investment opportunity or a security and was "not political and has nothing to do with" any political campaign, political office or government agency.

Within two days, the $Trump coin became the 19th most valuable form of cryptocurrency in the world, with a total trading value of nearly $13 billion, and a total of $29 billion worth of trades based on a $64 value of each of the 200 million tokens issued by the afternoon of January 19th. The New York Times reported that Trump affiliates controlled an additional 800 million tokens that, hypothetically, could be worth over $51 billion, potentially making Trump one of the richest people in the world. Trump also launched a new memecoin named after his wife, $Melania, and promoted it on TruthSocial shortly before attending an inauguration rally.


Inauguration of Trump as the 47th President 20 Jan 2025
20 January 2025 at the United States Capitol, Washington D.C.

The inauguration of Donald Trump as the 47th president of the United States is scheduled to take place on Monday, January 20, 2025, on the West Front of the United States Capitol in Washington, D.C. The event will be Trump's second inauguration to the presidency and the 60th U.S. presidential inauguration. It will mark the commencement of the second and final term of Donald Trump as president, the term of JD Vance as the 50th vice president, and the only second non-consecutive re-inauguration for a U.S. president after the second inauguration of Grover Cleveland in 1893

The preceding ceremony (for the inauguration of Joe Biden in 2021) was largely curtailed due to extraordinary political, public health, economic, and national security crises, including the COVID-19 pandemic and the January 6 Capitol attack. Trump, the president at the time, did not attend the 2021 inauguration.

In May 2024, both houses of Congress appointed a Joint Committee on Inaugural Ceremonies to oversee construction of the platform and other temporary structures that will be necessary for the ceremonies and celebrations. Construction of the inaugural platform began in September 2024.

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