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Month: November 2022

Posted on 10/11/2022

COP27: Singapore can unlock finances to accelerate net-zero push, says MAS chief

The managing director of the Monetary Authority of Singapore (MAS) said climate change is “a race of our lives”, as he addressed delegates at the UN climate summit in Egypt on Wednesday (Nov 9). Mr Ra ...

Posted on 10/11/2022

Wealthy Chinese Lead Home Purchases In Singapore, Sending Prices Soaring

Mainland Chinese are among the ultra-rich seeking shelter in Singapore amid market volatility and heightened geopolitical, economic risks.

Posted on 10/11/2022

Singapore’s Temasek engages with FTX in liquidity crisis

Temasek invested in a series of FTX's round findings that led to its $32 billion valuation in January. Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging ...

Posted on 10/11/2022

Singapore parliament approves legislation to limit harmful content, says free speech won’t be affected

Regulation would serve to limit material advocating for self-harm, physical or sexual violence and those depicting child sexual exploitation Companies that refuse to abide by the new legislation could ...

Posted on 10/11/2022

HSBC, Marketnode, UOB to Work on Digital Issuance of Wealth Products

HSBC is pleased to partner with Marketnode, a SGX Group and Temasek joint venture and digital markets infrastructure operator, and UOB in order “to pilot fully digital issuance of wealth management ...

Posted on 10/11/2022

Singapore passes law against ‘harmful’ social media content

Singapore passed legislation giving officials the authority to demand that ‘egregious content,’ be deleted from Facebook, TikTok ...

Posted on 09/11/2022

Freight forwarding firm fined $17,500 for illegally importing over 350kg of meat and seafood

The items were seized and destroyed. In Singapore, food imports can be done only by licensed importers, and every consignment must be declared and accompanied by a valid import permit. In addition, ...

Posted on 09/11/2022

Singapore Mulls Restricting Retail Access To Cryptocurrencies: Sources

The Monetary Authority of Singapore (MAS) — the country's central bank — is contemplating adding frictions on retail access to cryptocurrencies t ...

Posted on 09/11/2022

Singapore stocks extend gains, tracking Wall St strength; STI up 0.6%

SINGAPORE – Gains on Wall Street for the third consecutive ... easily outnumbering losers 323 to 213 on trade of 1.6 billion shares worth $1.1 billion. IG market strategist Yeap Jun Rong said the ...

Posted on 09/11/2022

On sustainability matters, Singapore businesses still respond best to strict regulations: SAP

On the flipside, too much focus on compliance is the second-biggest sustainability challenge for businesses in the region.

Posted on 09/11/2022

Need for Singapore to take ‘accelerated action’ in pursuing lower carbon emissions, says climate expert

Singapore’s plans to ramp up carbon tax in the country will significantly reduce such emissions quickly, says Professor Mark Howden, a climate expert.

Posted on 09/11/2022

Singapore passes law requiring social media sites to block harmful content ‘within hours’

If the platforms refuse, IMDA may direct Internet access service providers to stop users in Singapore from accessing the content.

Posted on 09/11/2022

Singapore’s Wavemaker Raising Debut Fund Targeting Climate Tech

Singapore investment company Wavemaker Impact completed the first close of a planned $25 million fund that focuses on technologies battling climate change.

Posted on 09/11/2022

Global Health IPO share allotment: When & where to check status, listing date and more

The share allotment for the initial public offer (IPO) of Global Health Limited will be carried out on November 11, 2022. The grey market premium (GMP) of the share sale stands at Rs 15. This implies ...

Posted on 09/11/2022

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

GXS Bank, the venture between ride-hailing company and fintech firm Grab and Singapore Telecommunications, said its executive director and board member Reuben Lai would leave the bank at the end of ...

Posted on 09/11/2022

Interest rates will be Singapore banks’ boon and bane through 2023: analyst

It’ll benefit them over the next three quarters, but asset quality may deteriorate after. The rising interest rates will both benefit and challenge Singapore's big three banks through 2023. Whilst ...

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