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Month: November 2022

Posted on 02/11/2022

Consolidated view of insurance policies now available on SGFinDex

Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.

Posted on 02/11/2022

Singapore’s UOB completes deal for Citi’s Malaysia, Thailand retail banking ops

Citigroup said on Tuesday it had completed the sale of its Malaysia and Thailand retail banking businesses to Singapore's United Overseas Bank (UOB) in a transaction expected to result in a regulatory ...

Posted on 02/11/2022

Singapore’s Wong stresses ‘responsible’ fintech as crypto stance diverges from Hong Kong

The city state’s PM-in-waiting told Singapore Fintech Festival there should be ‘no doubt’ that it was ‘fully’ embracing emerging technologies. But he said a healthy level of ‘constructive paranoia’ ...

Posted on 02/11/2022

Two Malaysian farms banned from exporting live chicken broilers to Singapore

The Singapore Food Agency (SFA) said two Malaysian poultry farms, each operated by Meng Kee Poultry (M) Sdn Bhd and Sdian Hup Farming Sdn Bhd, have been suspended for export of live chicken broilers ...

Posted on 02/11/2022

Singapore will soon be home to this supertall skyscrapper

Singapore will soon be home to a supertall skyscraper come 2028. Architecture studio SOM – the team behind Dubai's Burj Khalifa, the world's tallest building – has revealed designs for 8 Shenton Way, ...

Posted on 02/11/2022

Singapore Starts Two New Token Pilots With Standard Chartered, HSBC and Others

The Monetary Authority of Singapore (MAS) said that it is starting two new pilot projects to explore the use of tokens in trade finance and wealth management. The first pilot is being lead by Standard ...

Posted on 02/11/2022

Indonesia plans to pump oil out of supertanker grounded near Singapore gas pipeline

The plan is incredibly risky considering the proximity to a critical gas pipeline that supplies gas to Singapore, say industry sources. Read more at straitstimes.com.

Posted on 02/11/2022

Singapore’s Wong stresses ‘responsible’ fintech as crypto stance diverges from Hong Kong’s

The PM-in-waiting said there should be 'no doubt' that the city state was 'fully' embracing emerging technologies such as Web3 and distributed ledgers But a healthy level of 'constructive paranoia' ...

Posted on 02/11/2022

UOB completes buying Citi’s M’sia consumer banking ops

Announcing the completion of its Malaysia and Thailand acquisitions, United Overseas Bank Ltd (UOB) said it is working towards a smooth transition of Citigroup’s consumer banking units with a plan for ...

Posted on 02/11/2022

Crypto.com Can Now Issue its Visa Card in Singapore

Crypto.com announced in a press release Tuesday that through a partnership with Visa, the firm will be able to issue its Visa cards in the city-state. The Crypto.com Visa Card is the biggest payment ...

Posted on 02/11/2022

Singapore to phase out checks for businesses by 2025

Also testing digital cash tied to specific purposes – like only letting kids spend allowances on school supplies Singapore aims to eliminate the use of checks, beginning with corporate checks, by the ...

Posted on 02/11/2022

Singapore’s DBS Explains How Big Banks Can Implement DeFi, Too

Project Guardian involved Ethereum scaling system Polygon, DeFi lending platform Aave and decentralized exchange Uniswap.

Posted on 02/11/2022

Singapore says record US$317bil inflows can be managed

SINGAPORE: Singapore can absorb record inflows of new money, the central bank chief said, allaying concerns of a real estate bubble even as rents and prices surge to unprecedented highs. The Asian ...

Posted on 02/11/2022

Singapore’s red-hot property prices ‘under control’ amid record US$317 billion of inflows, says central bank chief

Singapore’s central bank chief says its capital and financial markets can handle the record inflows – much of it from North Asia, including China. ‘There’s so much money coming in, you can choose’.

Posted on 02/11/2022

Stock Market LIVE Updates: SGX Nifty futures indicate muted start ahead on Dalal Street

Indian equity benchmarks BSE Sensex and NSE Nifty50 are expected to open on a muted note on Wednesday amid weak global cues, halting a four-session-long winning run. Singapore Exchange Nifty futures, ...

Posted on 02/11/2022

Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade mixed

Nifty futures on the Singapore Exchange traded 23.5 points, or 0.13 per cent, lower at 18,231.50, signaling that Dalal Street was headed for a negative start on Wednesday. Headline equity index Nifty ...

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