The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement ...
One of the world’s largest sovereign wealth funds has hit the brakes on investing in China amid fears about Beijing’s leadership, report says
Singapore's sovereign wealth fund, GIC, has significantly reduced its private investing in China, sources told the Financial Times. Reasons include Xi Jinping's "common prosperity" campaign and fears ...
Singapore Prime Minister’s brother questions decision not to prosecute Keppel O&M ex-officials implicated in bribery scandal
In a commentary published on The FCPA Blog, a publication which covers enforcement actions under the US Foreign Corrupt Practices Act (FCPA), the younger Lee noted that Keppel O&M — in which the ...
Singapore Just Relaxed Its COVID-19 Entry Protocol — What to Know
Soo Hau Jun/Getty Images As the world continues to reopen to travelers, Singapore is taking a major step in reducing travel requirements for entry into the country. In a recent announcement from ...
Jupiter Asset Management chooses head of Asia
Singapore-based Madeline Han took up the role of head of Asia, as Jupiter AM also promoted two regional heads of sales.
Singapore business banking startup Aspire raises $100M
Aspire, a Singapore-based B2B banking startup, announced today that it raised $100 million in Series C funding led by Lightspeed and Sequoia Capital SEA. Why it matters: Despite a slowdown in fintech ...
HSBC adds former JPMorgan banker Kalpana Morparia to board
Her deep banking expertise and experience of the Asia region, particularly in India and Southeast Asia, will be an asset to the Board," HSBC chair Mark Tucker said. Jackson Tai, another former ...
Singapore hikes property, car taxes in balanced budget
Singapore announced on Tuesday narrower fiscal deficits in a budget aimed at helping households manage the rising cost of living while replenishing its pandemic-depleted coffers.The fiscal position is ...
Lawrence Wong: Budget 2023 to build Singapore’s capabilities, seize new opportunities
SINGAPORE, Feb 14 (Bernama ... “We also have a vibrant manufacturing sector, supported by key segments like electronics, chemicals, and biomedical science. “These attributes and strengths will enable ...
Singapore’s GIC says still exploring China investment opportunities
Singapore sovereign wealth fund GIC said it continues to scout for long-term investment opportunities in China, looking at a wide range of industries, adding that it maintains significant exposure to ...
Singapore 2022 budget deficit set to be lower than expected; inflationary pressures persist
Singapore says its budget deficit for 2022 will be lower than expected — at $1.5 billion dollars, or 0.3% of its gross domestic product. Finance Minister Lawrence Wong acknowledged that 2022 was a ...
Singapore Next PM Wong Says Era of Zero-Sum Thinking Has Started
Singapore warned about greater economic nationalism and protectionism around the world, especially as tensions between the US and China heat up.Most Read from BloombergChina Ready to Down Object ...
Singapore to Set Effective Corporate Tax Rate at 15% From 2025
Singapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025, in line with a global agreement to increase the floor rate.
Singapore to Double Paternity Leave, Raise Cash Gifts for Babies
Singapore will double paternity leave to four weeks that will be paid for by the government in an attempt to make it attractive to start families. This will be applied to fathers of Singaporean ...
Singapore’s Budget Boosts Payouts, Tax Breaks to Help With Higher Costs
Singapore will enhance cash payouts for citizens and boost investment in training schemes, part of efforts to address higher costs of living and uncertainties in a changing global economic environment ...
You can now avoid small talk by choosing Grab’s ‘Quiet Ride’ option in Singapore
Grab Singapore launches 'Quiet Ride' feature, unavailable for GrabShare and GrabHitch. Netizens respond with mixed reviews.