JAKARTA - Indonesia's central bank said on Thursday it had started a trial of cross-border QR code payments with its Singaporean counterpart.
Central Banks of Indonesia and Singapore Start Trial on Cross-Border QR Code Payments
JAKARTA (Reuters) - Indonesia's central bank said on Thursday it had started a trial of cross-border QR code payments with its Singaporean counterpart. Both have set a target of introducing the system in the second half of this year, according to an earlier statement from Singapore's central bank.
Singapore not ‘oversaving’ with reserves ‘barely keeping pace’ with its economy: DPM Wong
SINGAPORE — Singapore is not "oversaving" — in fact, the national reserves are growing at a rate that is "barely keeping pace" with economic growth, said Deputy Prime Minister Lawrence Wong.
Asia promotes crypto clarity amid regulatory uncertainty in the U.S.
Asia is promoting clear crypto rules at a time when large firms are facing regulatory uncertainty in the U.S., said industry observers.
Singapore’s key exports fall by 20.2%; 10th consecutive month of decline
SINGAPORE: Singapore's non-oil domestic exports (NODX) contracted for the 10th consecutive month in July, falling by 20.2 per cent, with both electronics and non-electronics seeing a decline. The drop ...
Singapore Busts $736 Million Laundering Ring Holding Bentleys and Luxury Houses
Authorities in Singapore arrested 10 foreigners for suspected offenses including money laundering and forgery, in a case involving about S$1 billion ($736 million) of properties, luxury cars, cash and other assets.
Singapore trade slump worsens with key exports tumbling 20.2% in July
Non-oil domestic exports (Nodx) in July shrank a worse-than-expected 20.2 per cent compared to July 2022, and contracted 3.4 per cent from June, data from Enterprise Singapore (EnterpriseSG) showed on ...
Singapore’s Non-Oil Domestic Exports Fall for 10th Straight Month
Singapore's non-oil domestic exports fell for a 10th straight month in July, with shipments of both electronics ...
Singapore’s July NODX contracts by 20.2% y-o-y mainly due to declines to the EU 27, Taiwan and China
Singapore’s non-oil domestic exports (NODX) for the month of July contracted by 20.2% y-o-y, making this the 10 th consecutive month of y-o-y declines.
Money laundering probe: Singapore arrests 10 foreigners, seizes S$1bn assets
SINGAPORE: Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a ...
Singapore seizes S$1b in cash, assets from foreigners
In one of the biggest anti-money laundering operations, the Singapore Police Force rounded up a group of foreigners who had amassed about S$1 billion worth of assets there.
How HSBC regained its mantle as Asia’s best bank
Despite its roots in the region, HSBC’s Asian woes have sometimes seemed endemic. It has been overly dependent on Hong Kong and too often caught in Sino-US crosshairs. But under co-CEOs Surendra Rosha ...
Commentary: The value of budget surpluses for Singapore in challenging times
The Singapore government is constitutionally obliged to achieve a balanced budget over its term of office. What about targeting a net surplus instead, ask Eddie Choo and Gillian Koh from the Institute ...
Singapore Wrestles With the Constraints of Success
Quite a bit, judging by a high-powered conference in Singapore this week. Convened to mark the centenary of founding prime minister Lee Kuan Yew’s birth and canvas ideas for at least part of the next 100 years,
Singapore police seize $1 billion in cash and cryptocurrencies used in money laundering
The Singapore Police Force, in a Facebook post, announced that ten foreign nationals had been charged with forgery and money laundering. The announcement also stated over $1 billion worth of cash and crypto assets were seized in addition to multiple properties,
From the U.S. to Japan, regulators are beginning to embrace crypto
Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.