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Month: July 2024

Posted on 03/07/2024

Singapore’s new S$20,000 cash declaration rules: What Malaysians need to know

It goes without saying that many Malaysians frequently travel to Singapore for both business and leisure due to longstanding ties between the ...

Posted on 03/07/2024

Rapist hairdresser becomes first Japanese in Singapore to get the cane

Ikko Kita took the victim, a Singaporean student, to his flat and engaged in non-consensual acts while filming the encounter, a court heard.

Posted on 03/07/2024

Singapore ‘prepared in principle’ to recognise a Palestinian state with an effective govt

As the war in Gaza drags on, Foreign Affairs Minister Vivian Balakrishnan said Singapore is prepared to recognise the state of Palestine in principle. However, he added there needs to be an effective ...

Posted on 03/07/2024

Singapore Flyer celebrates National Day with overnight rides, a night market, and ticket promotions

As our nation’s 59th birthday approaches, everyone’s celebrating in their own ways. And the Singapore Flyer has hopped on the bandwagon to join in the party too with an overnight flight run, a night ...

Posted on 03/07/2024

Paxos approved by MAS for DPTservices; names DBS as primary banking partner

The approval marks Singapore as the third market where Paxos and its related entities are authorised to issue stablecoin.

Posted on 03/07/2024

No profit, no problem: Singapore’s digital banks in six charts

Get the latest coverage and full access to all BT premium content.

Posted on 03/07/2024

Singapore Gov’t Should Not Interfere in GIC Investments, Says Minister

The Singapore government should not direct or interfere with sovereign wealth fund GIC’s investment decisions, emphasised Chee Hong Tat.

Posted on 03/07/2024

HSBC curbs hiring, reins in banker travel in cost-cutting push

Era of stubbornly high interest rates that fueled the profits of large banks coming to an end. Read more at straitstimes.com.

Posted on 03/07/2024

DBS boosts digital asset push with first stablecoin tie-up

The move comes amid Singapore’s efforts to promote productive uses of underlying blockchain technology. Read more at straitstimes.com.

Posted on 03/07/2024

Desmond Lee on Fort Canning statues: Singapore built on colonial legacies to become what it is today

The acceptance and display of the donated statues of Sir Stamford Raffles and Dr Nathaniel Wallich in Fort Canning Park recognise the colonial legacies that the country has been able to “build (upon), ...

Posted on 03/07/2024

Six Family Office Funds Tied to Singapore Launder Case Got Tax Breaks

Six single family office funds linked to a S$3 billion ($2.2 billion) money laundering case in Singapore have received tax incentives from the Monetary Authority of Singapore.

Posted on 03/07/2024

Child abuse cases investigated by Singapore’s ECDA rise to 147 in 2023

SINGAPORE: The number of child abuse cases investigated by the Early Childhood Development Agency (ECDA) increased to 147 cases in 2023, from 137 cases in 2022.

Posted on 03/07/2024

Singapore digital banks face down ticking clock

TIME flies and it has already been four years since the digital retail banks in Singapore made a modest splash with their launch on the banking scene. With the initial hype behind them, both GXS bank ...

Posted on 03/07/2024

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

The largest bank in Singapore is partnering with a major stablecoin issuer to offer a new crypto custody service.

Posted on 03/07/2024

Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Posted on 03/07/2024

3 men arrested after Customs officers find contraband cigarettes; over $800k in taxes evaded

Singapore Customs officers seized a total of 7,500 cartons of duty-unpaid cigarettes. Read more at straitstimes.com.

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