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Month: October 2024

Posted on 18/10/2024

Crypto crooks: Kidnapping, huge bar bills and exotic cars are linked to one of biggest bitcoin thefts in US history

A kidnapping of a Connecticut couple has been linked to one of the biggest thefts of cryptocurrency from an individual in United States history.

Posted on 18/10/2024

Crypto exchange WazirX has an asset deficit of 45% and withdrawals could take 6 months

The court had asked Zettai to address questions from creditors during a recent hearing and answers revealed an asset deficit of 45%.

Posted on 18/10/2024

An Unforgettable Meal Can Cost $5 at Singapore’s Hawker Centers. Can the Next Generation Save Them?

No trip to Singapore is complete without a meal (or 12) at its hawker centers, where stalls sell multicultural dishes from generations-old recipes. But rising costs and demographic change are threatening the beloved tradition.

Posted on 17/10/2024

UOB Kay Hian cleared to resume IPO and RTO activities after moratorium lifted

Brokerage has taken remedial action to strengthen its policies and procedures, says SGX RegCo Read more at straitstimes.com.

Posted on 17/10/2024

Chick-fil-A is now taking on Singapore

The fast-food chicken sandwich chain plans to open a restaurant in the country late next year, its first in Asia. It plans to invest $75 ...

Posted on 17/10/2024

Singapore key exports disappoint after 2.7% rise in September misses expectations

SINGAPORE’S key exports continued its upward climb in September as both electronics and non-electronics shipments rose; yet the rise was at a slower pace than what analysts were expecting. Read more ...

Posted on 17/10/2024

42% of Singapore respondents will only start planning for retirement within five years of their planned retirement date

A survey by Sun Life Singapore also found that 16% of Singapore retirees have not planned their retirement expenses.

Posted on 17/10/2024

Singapore’s Endowus platform brings commission-free investments to Hong Kong, using AI and wealthtech

Hong Kong head Steffanie Yuen worked at Ant Group and Value Partners before meeting Endowus founders Gregory Van and Samuel Rhee.

Posted on 17/10/2024

Export growth lifts investor sentiment, sending STI up 1%

Losers outnumber gainers 296 to 278, after 1.5 billion securities worth $1.2 billion changed hands. Read more at straitstimes.com.

Posted on 17/10/2024

Singapore never got to see its own spac frenzy

In 2021 alone, the US witnessed 610 spac IPOs, raising US$160.75 billion ($210.42 billion). This surge was driven by various factors, including favourable market conditions, enthusiasm for high-growth ...

Posted on 17/10/2024

Singapore’s market regulator lifts ban on brokerage UOB Kay Hian

Singapore's market regulator on Thursday lifted a ban on UOB Kay Hian Private Ltd after nearly two years, according to a statement by the regulator.

Posted on 17/10/2024

FLCT to acquire Singapore logistics property for $140.3 mil

The purchase consideration represents a discount of 2.5% from the appraised value of the property at $143.8 million. ( read original story ...)

Posted on 17/10/2024

Boustead Singapore secures $156 mil green loan from UOB for redevelopment of its logistics warehouse

The property is the first building in the industrial real estate sector to attain both the Green Mark Platinum Super Low Energy awarded by the Building & Construction Authority.

Posted on 17/10/2024

StarHub emerges as DBS’s telco pick; telco expected to benefit from lower transformation costs

The telco has previously indicated that it expects to incur about 90% of its transformation costs of $270 million in FY2024. The remaining 10% will be expensed in FY2025. As such, Mittal has projected ...

Posted on 17/10/2024

Chainalysis: APAC Emerges as Crypto Adoption Hotspot

Chainalysis report reveals APAC as a global crypto adoption leader, with India, Indonesia, and Vietnam driving growth. Institutional activity surges ...

Posted on 17/10/2024

‘Quant’ Producer Goldfinch Expands to Asia With Singapore Office

U.K.-based entertainment financier Goldfinch is set to open a Singapore office by the end of 2024, marking its expansion into the Asian market.

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