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Month: July 2023

Posted on 04/07/2023

About 250 property buys a year by foreigners exempted from ABSD under FTA obligations: DPM Wong

AN AVERAGE of 250 property transactions per year from 2018 to 2022 were exempted from the Additional Buyer Stamp Duty (ABSD) imposed on foreign buyers due to a “national treatment” obligation spelled ... ( read original story ...)

Posted on 04/07/2023

Authorities Confirm New Rules For Singaporean Crypto Firms To Follow, Reduce Risk

The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to safe keep customer assets under a statutory trust by the end of the year.

Posted on 04/07/2023

91 more Singapore-based companies allegedly sending supplies to Myanmar military

While investigations are ongoing, Singapore has no intention of blocking "legitimate trade" with Myanmar, says Foreign Affairs Minister Vivian Balakrishnan.

Posted on 04/07/2023

Singapore man, 20, gets jail, caning for sexually assaulting drunken male friend after night of drinking

After a night of pub-crawling with a 20-year-old man he befriended only weeks earlier, a 40-year-old man agreed to let the younger man “crash”, or sleep, at his place.

Posted on 04/07/2023

Decline in S’pore factory activity slows in June, but electronics sector continues to weaken

It is a similar picture for other exporting nations in the region, including China, South Korea and Malaysia. Read more at straitstimes.com.

Posted on 04/07/2023

Singapore Manufacturing Activity Gauge Rose Slightly in June

Singapore's manufacturing activity contracted at a slower pace in June, mainly owing to slower contraction of new orders, ...

Posted on 04/07/2023

Cloudy with a chance of moon: Singapore photographers capture supermoon despite bad weather

SINGAPORE: Even the cloudy skies from the afternoon's downpour did not stop photographers from showing up at various spots around the island on Monday (Jul 3) night, hoping to capture the supermoon. Monday’s supermoon – termed Buck Moon – was the first of four supermoons that Singapore will be experiencing this year.

Posted on 03/07/2023

Payments start-up Nium opens headquarters in S’pore, eyes IPO in 2 years

The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.

Posted on 03/07/2023

Singapore’s DBS faces succession dilemma: who can replace ‘all-star’ banker Piyush Gupta?

Piyush Gupta has built DBS into Singapore’s largest listed company, and Southeast Asia’s largest bank by assets. That very success is creating an elephant in the room.

Posted on 03/07/2023

Indonesian LNG makes up less than 1% of Singapore’s natural gas imports: MTI

LIQUEFIED natural gas (LNG) from Indonesia made up less than 1 per cent of Singapore’s annual natural gas imports on average between 2020 and 2022, Minister for Trade and Industry Gan Kim Yong said in ...

Posted on 03/07/2023

Singapore PM Lee retains ‘full confidence’ in ministers, says rental probe highlights firm anti-corruption stance

PM Lee says he is fully satisfied with the findings showing ministers Vivian Balakrishnan and K. Shanmugam had done nothing wrong in leasing 2 state-owned bungalows Lee reiterates the government will not compromise on honesty and integrity as Shanmugam slams 'untruths' and 'innuendos' over his tenancy Singapore's Prime Minister Lee Hsien Loong on Monday ...

Posted on 03/07/2023

Singapore Forces Crypto Exchanges to Move Cryptocurrencies to A Trust

Crypto adoption is growing in Singapore, which has emerged as a major hub for the technology. More than 40% of Singapore-based investors have bought crypto. Last month, Singapore approved a payments ...

Posted on 03/07/2023

Payments start-up Nium unveils new headquarters in S’pore, eyes IPO in 2 years

The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.

Posted on 03/07/2023

Singapore Ministers Defend Colonial House Rents After Outcry

The two Singapore cabinet ministers at the center of a rental probe over sprawling state-owned houses took to parliament on Monday to defend their conduct.

Posted on 03/07/2023

Standard Chartered Bank’s head of corporate affairs, brand and marketing for SG steps down

Sharon Lee, Standard Chartered Bank's head of corporate affairs, brand and marketing for Singapore, has stepped down from her position after just over two years in the role and a total of 12 years ...

Posted on 03/07/2023

StanChart Singapore launches mass-affluent miles card

Rewards points accumulated with the card do not expire. Standard Chartered Bank Singapore has unveiled the Journey Credit Card, the bank’s first mass-affluent miles card. Aimed to address both the ...

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