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Month: November 2022

Posted on 14/11/2022

Singapore Prime Minister hopes for consensus on key issues at G20

Singapore Prime Minister Lee Hsien Loong said on Monday the difficult issues at the G20 summit include climate change, global economy, security, and the conflict between Russia and Ukraine.

Posted on 14/11/2022

FTX does not operate in Singapore, MAS clarifies, amid reports of Singaporeans losing investments in crypto firm

Bankrupt cryptocurrency exchange FTX does not operate in Singapore, the Monetary Authority of Singapore (MAS) said today. The firm is neither licensed ...

Posted on 14/11/2022

There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore’s MAS Says

The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky ...

Posted on 14/11/2022

NoonTalk Media offering 22 mil shares, targets to list on Nov 22 at 22 cents per share

NoonTalk Media Limited has completed its registration to list on the Catalist board of the Singapore Exchange (SGX) and targets to list on Nov 22. In a Nov 14 press release, the company says it is ...

Posted on 14/11/2022

MAS Clarifies Singaporean FTX Users Not Protected, Reiterates Crypto Risk

The Monetary Authority of Singapore (MAS), the central bank of the city-state, said funds of Singapore-based investors in the collapsed FTX are not held in its local subsidiary Quoine because the two ...

Posted on 14/11/2022

Crypto.com says balance sheet strong, exchange not in trouble

Singapore-based crypto exchange Crypto.com's chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks.

Posted on 14/11/2022

Crypto crisis continues. Here’s the latest on the FTX collapse

Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to be felt on Monday.

Posted on 14/11/2022

HSBC Opens New Singapore Office With Substantial Growth Plans

HSBC Holdings Plc has big plans to ramp up in Singapore to build up international corporate and wealth banking as it expands its Asia footprint outside its regional hub in Hong Kong.

Posted on 14/11/2022

Unicorn startup Darwinbox may go for IPO in next 3 years: Co-founder

The promoters of Darwinbox currently hold more than 30 per cent stake in the company while the rest is held by investors, including TCV, Salesforce Ventures, Sequoia, Lightspeed and Endiya Partners.

Posted on 14/11/2022

SGX Nifty rises 16 points: NMDC, IRCTC & ONGC Q2 results; Keystone Realtors IPO & more

Nifty futures on the Singapore Exchange quoted 16.50 points, or 0.09 per cent, higher at 18,452.50, hinting at a positive start for the domestic market on Monday.

Posted on 14/11/2022

UPDATE 1-Grab-led Singapore digital bank’s senior executive steps down

Nov 9 (Reuters) - GXS Bank, the venture between ride-hailing company and fintech firm Grab Holdings and Singapore Telecommunications, said its executive director and board member Reuben Lai would ...

Posted on 14/11/2022

Singapore FinTech Festival 2022 sees Record Turnout from the Global FinTech Community

The seventh edition of the Singapore FinTech Festival (SFF), which concluded on 4 November 2022, attracted more than 62,000 participants from over 115 countries. This was the largest SFF gathering ...

Posted on 14/11/2022

UnionBank ‘Techs Up’ anew at the 2022 Singapore FinTech Festival

UnionBank stood out on the global stage at the recently-concluded Singapore FinTech Festival (SFF) for the fifth consecutive year as the lone Filipino bank gold sponsor bannering the “Tech Up ...

Posted on 14/11/2022

As regulators scrutinise FTX, investor focus swings to Crypto.com

The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based ...

Posted on 14/11/2022

Crypto.com boss to answer questions on YouTube after transaction errors

Singapore-based crypto exchange said its chief executive will go live on YouTube on Monday to answer questions around some transactions on the platform that had sparked speculation and fund ...

Posted on 14/11/2022

Job cuts at Singapore tech companies are impacting Indians. Here’s how

While revenue and jobs in the tech will be impacted in the short-term, and market volatility is likely in the near future, the tech industry is expected to continue to grow in the long-term.

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