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Month: July 2024

Posted on 02/07/2024

Singapore: Over 17 years’ jail for woman, 73, who abused family friend almost to death

A 73-year-old woman who, together with her family, abused an intellectually disabled woman they treated like a slave has been sentenced to 17 years and 10 months’ jail.

Posted on 02/07/2024

Daily roundup: Ninja Van cuts 5% of workforce in Singapore – and other top stories today

Stay in the know with a recap of our top stories today. 1. Ninja Van cuts 5% of workforce in Singapore Logistics technology company Ninja Van has laid off 5 per cent of its workforce in Singapore, it ...

Posted on 02/07/2024

Singapore will not direct GIC to invest in locally listed companies: Chee Hong Tat

SINGAPORE - Singapore will continue to find ways to improve the attractiveness of Singapore’s equity market, but it will not direct sovereign wealth fund GIC to invest in locally listed companies, ...

Posted on 02/07/2024

Singapore banks lead uptick; STI up 0.9%

SINGAPORE stocks continued on their uptick on Tuesday (Jul 2), following gains by the local banks. Read more at The Business Times.

Posted on 02/07/2024

Singapore banks surge to record highs on Tuesday

THE share prices of the three local banks traded at record highs on Tuesday (Jul 2) after the midday break, with OCBC and UOB breaching all-time records after an initially mixed showing at the opening ...

Posted on 02/07/2024

Proposed law to allow Singapore courts to order the sale of seized properties linked to criminal activities

This will allow law enforcement agencies to cut back on maintenance costs and preserve the value of the seized properties, says the Ministry of Home Affairs.

Posted on 02/07/2024

Singapore introduces Bill to tackle money laundering, recovery of assets

SINGAPORE has introduced a new Bill to improve the ability of law enforcement agencies to prosecute money laundering and deal with properties linked to suspected criminal activities. Read more at The ...

Posted on 02/07/2024

Usha Chandradas on Bills to strengthen Singapore’s anti-money laundering regime

NMP Usha Chandradas voiced support for the Corporate Service Providers Bill, which requires corporate service providers and qualified individuals who provide or supervise the provision of corporate ...

Posted on 02/07/2024

DBS Bank Enters Stablecoin Custody Space in Singapore

Singapore's largest bank, DBS Group Holdings, has announced its entry into the cryptocurrency industry with stablecoins.

Posted on 02/07/2024

Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody

Digital asset company Paxos received Monetary Authority of Singapore approval to offer digital payment token services, enabling it to issue stablecoins. DBS will be the company's banking partner for ...

Posted on 02/07/2024

“The Asia-Pacific RWA Tokenization Platform” 2024 Biannual Forum is being held in Singapore: The Real Application Moment of RWA is Approaching

Pacific RWA Tokenization Platform (APRTP-Asia-Pacific RWA Tokenization Platform) held its 2024 Biannual Forum at the Singapore Sands Convention Centre. Two world-class bank and bank-backed ...

Posted on 02/07/2024

Sony Ventures Into Crypto With Purchase Of WhaleFin Exchange

Sony ventures into the crypto market with the purchase of WhaleFin Exchange. Discover what this move means for the industry and Sony's future in digital assets.

Posted on 02/07/2024

Investments from GIC ‘not the solution’ to shake up Singapore’s stock market: Chee Hong Tat

Doing so will compromise our objectives of setting up GIC, which is not beneficial for Singapore and Singaporeans,” says Transport Minister and Second Minister for Finance Chee Hong Tat.

Posted on 02/07/2024

Singapore says could recognise Palestinian state ‘in principle’ only if it accepts Israel’s right to exist

CNA reported Balakrishnan’s remarks in Parliament on the conditions for Singapore to recognise a Palestinian state today. He said that Singapore is “prepared in principle” to recognise Palestine as a state but only if it accepts Israel’s right to exist and renounces terrorism.

Posted on 02/07/2024

Helping Singapore’s sex workers move to other work

A Project X programme called The Next Step was set up to help sex workers looking to find alternative career pathways. Read more at straitstimes.com.

Posted on 02/07/2024

Is Shunned Shein The Future For Blockbuster China IPOs?

Shein may end up listing in Hong Kong, after its New York IPO plan collapsed and its latest London plan faces similar geopolitical pressures The case shows how blockbuster IPOs by Chinese firms are ...

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