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Month: October 2024

Posted on 31/10/2024

Gemini Gains Preliminary Approval for Crypto Services in Singapore

Gemini, a prominent cryptocurrency exchange, has taken a significant step forward in expanding its global footprint by securing preliminary approval from the Monetary Authority of Singapore (MAS) to ...

Posted on 31/10/2024

Singapore’s Wilmar third-quarter profit slumps 36% on weak China, sugar segment

Singapore-listed Wilmar International reported a 35.7% fall in third-quarter core net profit on Wednesday, weighed down by weaker China and sugar division operations.

Posted on 31/10/2024

Singapore’s ex central banker Ravi Menon aims to spearhead global fintech growth with new non-profit

Singapore's longest serving central banker, Ravi Menon, will head a new non-profit to drive fintech innovation and growth globally, the Monetary Authority of Singapore (MAS) said on Wednesday.

Posted on 31/10/2024

How Singapore’s SMBs and AI sustain a robust digital economy

With the digital economy contributing 17.7% of Singapore's GDP, smaller businesses and artificial intelligence are predicted to play key roles in fueling growth.

Posted on 31/10/2024

Singapore’s digital economy thrives, representing 17.7% of GDP

SINGAPORE: The digital economy in Singapore has demonstrated remarkable growth, contributing 17.7% to the nation’s GDP last year, amounting to S$113 billion.

Posted on 31/10/2024

Singapore’s central bank sets up not-for-profit global fintech network

Singapore's central bank has set up a new not-for-profit platform to work with economies around the world on financial technology. The Global Finance and Technology Network will offer expert advisory ...

Posted on 30/10/2024

Goodwill Entertainment launches IPO at 20 cents per share

Goodwill Entertainment has launched its initial public offering on the Catalist board of the Singapore Exchange S68 The entertainment company has issued 60 million shares at 20 cents apiece. Of the 60 ...

Posted on 30/10/2024

HSBC will primarily cut senior roles in overhaul of management structure: CEO

The cuts will take place swiftly, with the outcome of the restructuring to be disclosed in February 2025. Read more at straitstimes.com.

Posted on 30/10/2024

Jail for man who used corporate credit card to make nearly $30k in unauthorised transactions

Raul Randhawa, who tendered his resignation in October 2023, has made full restitution. Read more at straitstimes.com.

Posted on 30/10/2024

Indian-origin man spends nearly Rs 19 lakhs with corporate credit card, jailed in Singapore

An Indian-origin Singaporean was sentenced to four months of imprisonment on Wednesday after he pleaded guilty to one count of criminal breach of trust by using a corporate credit card for personal ...

Posted on 30/10/2024

Jail for man who used corporate credit card to make unauthorised transactions involving nearly $30k

Raul Randhawa, who tendered his resigned in October 2023, has made full restitution. Read more at straitstimes.com.

Posted on 30/10/2024

OCBC becomes first Singapore bank with institutional intraday lending capacity

The move will enable the bank to deploy and maximise returns from its excess intraday liquidity, said OCBC in its Oct 30 statement.

Posted on 30/10/2024

OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology.

Posted on 30/10/2024

Contraband cigarettes found hidden in soft toys declared as ‘decorations’, Chinese national arrested

Singapore Customs cracked down on a unique smuggling tactic of hiding the cigarettes inside soft toys in a two-day operation from Oct 22 to 23, Read more at stomp.straitstimes.com ...

Posted on 30/10/2024

Singapore stocks end lower despite Hongkong Land’s rally; STI declines 0.9%

Property group Hongkong Land puts up strong showing with 10.8% jump; parent Jardine Matheson gains 5.1% Read more at straitstimes.com.

Posted on 30/10/2024

12 Haunted Places in Singapore: A Spooky Guide

Let's discover the most haunted places in Singapore, from eerie streets to abandoned hostels. Are you brave enough to explore these chilling sites?

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