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Month: June 2023

Posted on 07/06/2023

Singapore’s Rakkar Digital achieves SOC 2 Type 1 attestation, reinforcing commitment to security and compliance

Rakkar Digital, a leading digital asset custodian based in Singapore, announces its achievement of SOC 2 Type 1 attestation.

Posted on 07/06/2023

Singapore’s defense minister warns of unchecked military spending

He also called for Japan to improve relations with China for the sake of regional stability, noting tension remains as a result of World War II.

Posted on 06/06/2023

9 Best Air Miles Credit Cards in Singapore (2023)

Sorry, COVID-19, what? With borders reopened in most parts of the word, you can finally dust off your air miles credit card. It's definitely the most glamorous of all the credit cards. Every time you ...

Posted on 06/06/2023

Singapore will shut down its oldest and only racecourse to build more homes

Amid a housing crunch, Singapore’s only racecourse is being cleared to make way for more homes. Singapore Turf Club (STC), the oldest racecourse in the tiny city-state, is due to close by March 2027, ...

Posted on 06/06/2023

Singapore shares inch up 0.03% amid attention on Fed meeting next week

SINGAPORE - The blue-chip barometer Straits Times Index (STI) managed to eke out an increase of 0.03 per cent or 1.1 points to 3,190.11 points on Tuesday (Jun 6), amid a mixed regional market showing.

Posted on 06/06/2023

Jail for man in Singapore who gave in to loan shark’s threats by handing over banking details for use in scams

In debt from his gambling, Alvin Phua Khian Tat accepted fast loans from an unlicensed moneylender but couldn’t keep up with the repayments.

Posted on 06/06/2023

Estonia seeks deeper trade, investment ties with Singapore with an eye on Asean growth

PM Kallas said some tech-driven Estonian companies are already in Singapore, but for many the opportunities in South-East Asia are yet to be discovered Read more at straitstimes.com.

Posted on 06/06/2023

SNB Expands Singapore Office as It Winds Down FX Reserves

The Swiss National Bank said it will boost the number of members in its Singapore office to help manage its foreign-currency reserves across time zones.

Posted on 06/06/2023

3 months’ jail for man who gave control of his bank accounts to loan shark to offset loan

Alvin Phua Khian Tat relinquished his bank accounts to a loanshark, in exchange for a loan offset. Read more at straitstimes.com.

Posted on 06/06/2023

City Energy, Senoko Energy to explore import and supply of hydrogen in Singapore

The firms will jointly study the feasibility of the import and supply of hydrogen between the companies’ facilities in Singapore. Read more at straitstimes.com.

Posted on 06/06/2023

Asian refiners to cut July Saudi oil imports after surprise price hike, output cut

Asian refiners are likely to take less oil from Saudi Arabia for July and buy more spot cargoes such as those from the United Arab Emirates after the world's top exporter unexpectedly raised prices ...

Posted on 06/06/2023

81% of employees polled in Singapore would rely on AI for work, says a Microsoft survey

Singaporean employees are more likely to delegate as much work as possible to artificial intelligence (AI) tools to lessen their workload. The findings came from Microsoft’s third annual Work Trend ...

Posted on 06/06/2023

Morgan Stanley plans move to new Singapore office in growth boom

Morgan Stanley plans to move to a new office in Singapore, seeking a bigger space in the city-state’s financial district to accommodate its expansion.

Posted on 06/06/2023

Singapore Tax Hike Is Starting to Cool Foreign Demand for Property

Singapore’s latest property tax — now one of the highest among global markets — has dented foreign demand. Foreign buyers bought 57 private apartments in May, down 50% from April, according to Savills ...

Posted on 06/06/2023

City Energy, Senoko Energy sign MOU to study hydrogen import and supply between their facilities

City Energy and Senoko Energy will also explore other hydrogen-related opportunities, including green hydrogen.

Posted on 06/06/2023

Brace for disruption — but A.I. won’t eliminate jobs completely, says Singapore’s deputy prime minister

Singapore’s Deputy Prime Minister Lawrence Wong said he expects technology — including artificial intelligence — to disrupt the labor market, but it won’t eliminate jobs completely.

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