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Month: February 2024

Posted on 29/02/2024

Singapore Sets to Launch World’s Largest Ocean Carbon Removal Facility

Singapore is gearing up to build the world's most extensive facility dedicated to enhancing the ocean's ability to remove carbon dioxide, aiming for operation by 2025.

Posted on 29/02/2024

Construction starts on Singapore’s $553mn property project in Vietnam’s Binh Duong

From the beginning of the year until February 20, Singapore has emerged as the leading foreign investor in Vietnam, with a cumulative investment of $2.08 billion. The figure constitutes 48.5 percent ...

Posted on 29/02/2024

Singapore to Build World’s Largest Facility to Boost Carbon-Removal Power of the Ocean

The Equatic Process, a novel carbon removal technology and one of the best inventions of 2023, is getting a major scale-up, with the world’s largest ocean carbon dioxide removal (OCDR) facility set to ...

Posted on 29/02/2024

Massive $1.2B scam! — Singapore firm accused of swindling 26,000 people in Japan’s largest fraud case

SINGAPORE: Sky Premium International, a firm registered in Singapore, is under investigation in Japan for a case referred to as the country’s biggest financial scandal. 135 billion yen (S$1.2 billion) ...

Posted on 29/02/2024

Do Fundamentals Have Any Role To Play In Driving Boustead Singapore Limited’s (SGX:F9D) Stock Up Recently?

Most readers would already know that Boustead Singapore's (SGX:F9D) stock increased by 5.4% over the past three ...

Posted on 29/02/2024

Cut-off yield on latest Singapore 6-month T-bill rises to 3.8%

Yields on the bills are determined via competitive auctions in a market that comprises individuals and institutions from Singapore and overseas, and therefore reflect the general level and direction ...

Posted on 29/02/2024

Crypto trading arm of Hong Kong-based group gets Singapore regulator’s preliminary nod

HashKey Technology Services was granted an in-principle approval by the Monetary Authority of Singapore for its major payment institution licence application. Read more at straitstimes.com.

Posted on 29/02/2024

More than S$5.4 billion set aside in 61,000 ‘money lock’ bank accounts

SINGAPORE: More than S$5.4 billion (US$4 billion) of savings have been set aside in over 61,000 bank accounts with a “money lock” feature as of February, said Minister of State for Trade and Industry ... ( read original story ...)

Posted on 29/02/2024

Wee family, Singapore’s richest banking dynasty, grapples with succession

BUILDING a multibillion-dollar empire is one thing. Keeping it in the family is another matter. Read more at The Business Times.

Posted on 29/02/2024

Over Half of Surveyed Singapore Users Own Cryptocurrency

The evolving landscape of cryptocurrency in Singapore showcases a balanced approach to innovation, regulation, and consumer engagement.

Posted on 29/02/2024

HaskKey OTC Obtains In-Principle Payments License in Singapore

Previously operating under a licensing exemption in Singapore, HashKey OTC currently caters to accredited investors and financial institutions. Their services encompass spot trading for 40 digital ...

Posted on 29/02/2024

Filipino lawmaker criticises ‘good friend’ Singapore over Taylor Swift exclusivity deal, wants Philippines to formally protest agreement

The criticism came from representative Joey Salceda, who on Wednesday (28 Feb) called on the Philippines' Department of Foreign Affairs (DFA) to formally protest the agreement between the Singapore ...

Posted on 29/02/2024

Singapore’s defence budget to stay in range of 3% of GDP over next decade: Ng Eng Hen

Singapore's defence spending is expected to come in at around S$20.2 billion in the coming financial year -- a 2.5% increase from the year before. Defence Minister Ng Eng Hen said the expenditure as a ...

Posted on 29/02/2024

How Singapore is competing to host Asia’s newly minted wealthy

Knight Frank, however, underscored that whilst Singapore has seen a rising number of family offices, its link to "direct spending and investing is not clear cut." "Last summer, the Monetary Authority ...

Posted on 29/02/2024

Improvements to workforce, productivity key to achieving Singapore’s growth target: DPM Wong

Singapore intends to achieve its economic growth target of between 2% and 3% through improvements in its workforce and productivity. Deputy Prime Minister and Finance Minister Lawrence Wong said this ...

Posted on 29/02/2024

Singapore’s Richest Banking Dynasty Grapples With Succession

Building a multibillion-dollar empire is one thing. Keeping it in the family is another matter. By the time Wee Cho Yaw died earlier this month at 95, his five children had firmly established roles ...

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