Minister for Sustainability and the Environment Grace Fu acknowledged the frustration and inconvenience that affected businesses have experienced.
Singapore’s unlikely rise as a digital tech powerhouse
FOR decades, Singapore has been held up as a model of successful state-led economic development. However, many doubted whether this top-down approach could succeed in the rapidly evolving digital economy,
Indranee Rajah on Bills to strengthen Singapore’s anti-money laundering regime
Corporate service providers (CSPs) support companies in a range of key activities. They therefore serve as “gatekeepers” against the misuse of companies and are regulated by the Accounting and ...
Singapore prepared to recognise a Palestinian state with an effective govt that accepts Israel’s right to exist
Singapore voted in favour of the UN resolution expressing support for Palestine’s membership, the foreign minister noted on Tuesday.
New Singapore law quadruples fines for corporate service providers that breach anti-money laundering duties
The new law will require all businesses that provide corporate services to register with ACRA, even if they do not transact with the authority.
Singapore raises crypto exchange risk level to medium-high
The Monetary Authority of Singapore (MAS) has upped the risk level for crypto exchanges from medium-low to medium-high. This change reflects updates to the country’s Countering the Financing of ...
Paxos partners with Singapore’s DBS bank for stablecoin custody
Stablecoin issuer Paxos has tapped Singapore’s DBS bank as its custodial partner. The bank will be responsible for cash management and the custody of Paxos’ stablecoin reserves. This is the first time ... ( read original story ...)
UOB confident to “contribute meaningfully” to Johor-Singapore Special Economic Zone development
"With UOB’s extensive regional network... we are well positioned to support business growth in Singapore, Malaysia, and across the region." — UOB ...
6 single family office funds linked to $3b money laundering case were given tax benefits: DPM Gan
SINGAPORE – A total of six single family office (SFO) funds in Singapore given tax benefits were found to be linked to the 10 foreigners arrested and convicted in the nation’s largest money laundering ...
Six single-family office funds linked to S$3 billion money laundering case given tax incentives
SIX single-family office (SFO) funds that had been awarded tax incentives by the government have been linked to individuals convicted in Singapore’s biggest money laundering case, or their spouses.
New data from FourKites: shipping delays at port of Singapore
By Mike DeAngelis, FourKites Senior Director, International Solutions.
Output for S’pore electronics and non-electronics diverge a second month
Deviation could be due to challenges linked to rerouting of vessels, port congestion. Read more at straitstimes.com.
Singapore PMI dips slightly amid strong regional factory activity
SINGAPORE’S overall factory activity grew more slowly in June, even as business conditions in the region appeared to be more favourable. Read more at The Business Times.
Paxos gains approval for Singapore stablecoin launch with DBS partnership
Paxos has received regulatory approval from the Monetary Authority of Singapore to launch a stablecoin, partnering with Southeast Asia’s largest bank, DBS, for banking services. This marks Paxos’ ...
Singapore ups crypto exchanges risk factor under new law update
Singapore has updated its Terrorism Financing laws, raising the risk level for crypto exchanges to medium-high. This move aims to prevent terrorist groups from exploiting the nation’s economic ...
Woman regrets resigning her job and leaving Singapore after finding food in Canada more expensive
SINGAPORE: A woman who relocated from Singapore to Canada took to social media to express her regret, especially after seeing how expensive certain food prices are in Canada. A Facebook (FB) user, ...