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Category: BUSINESS

Posted on 20/12/2024

Singapore’s crypto adoption stalls as legal hurdles and weak consumer interest hold back growth, lags behind Thailand and UAE

A recent report by Linklaters published by the Singapore Business Review revealed that just 23% of Singapore’s internet-connected population owns or uses cryptocurrency, closely matching the regional ...

Posted on 20/12/2024

FBS Analysts Unveil Key Crypto Trends in 2024 and Market Predictions for 2025

SINGAPORE, Dec. 20, 2024 (GLOBE NEWSWIRE) -- FBS, a leading global broker, unveils its latest analysis of cryptocurrency market trends for 2024 and predictions for 2025. FBS analysts explore how ...

Posted on 20/12/2024

Sygnum Bank and Moomoo Singapore to Offer Crypto Fund on Trading Platform

The Singapore headquarters of Sygnum – a digital asset banking group – Sygnum Pte. Ltd. announced its partnership with Moomoo Singapore.

Posted on 20/12/2024

Crypto exchanges are confused about bitcoin after ASIC guidance

(BTC Markets holds an AFSL; Independent Reserve does not, but is licensed as a specialist crypto exchange in Singapore under laws it has suggested could be introduced in Australia.) The exchanges also ...

Posted on 20/12/2024

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Meanwhile, Singapore Exchange CEO Loh Boon Chye said the local ecosystem is not ready for such products. South Korea has emerged as a key crypto market, with the Korean won dominating global crypto ...

Posted on 20/12/2024

Singapore’s weak consumer demand stifles crypto adoption growth

Whilst Singapore remains a key hub for institutional crypto adoption, weak consumer interest has limited broader adoption compared to regional leaders like Thai ...

Posted on 20/12/2024

Singapore’s growth may slow in 2025 due to weak chip cycle, pharmaceutical exports

Singapore's economic growth could slow in 2025 due to a downturn in the chip cycle and weaker pharmaceutical exports, Natixis said.

Posted on 20/12/2024

Bitcoin’s Nosedive to Under $100K Shaves $700M Crypto Longs, XRP Drops 5%

XRP and DOGE futures recorded an unusually high $70 million in liquidations, indicative of rising speculative activity in majors.

Posted on 19/12/2024

Moomoo to distribute Sygnum crypto fund in Singapore

Global digital asset specialist Sygnum has tapped Moomoo to become the first distribution partner for its multi-manager fund in Singapore. Moomoo is a digital investment and wealth management platform ...

Posted on 19/12/2024

Nearly half of Singapore employers plan to hire more people next year, with 45% expecting the highest numbers in sales and business development

The survey found that 49% of employers plan to increase their workforce in 2025, while 40% expect to keep the same number of employees. According to Singapore Business Review, 45% of employers expect ...

Posted on 19/12/2024

Going beyond healthcare and into the realms of crypto

While his passion for philanthropy reflects a deep desire to create a meaningful impact, Lim’s foray into cryptocurrencies showcases another facet of his philosophy.

Posted on 19/12/2024

He quit his corporate job at age 28. Now, he runs his family’s business of selling paper gifts for the dead.

Alex Teo, 36, is now the third-generation of Ban Kah Hiang Trading. He aims to reinvent traditional joss paper products for the new generation.

Posted on 19/12/2024

Employer group calls for more tax breaks, workforce upskilling schemes for Budget 2025

More tax breaks, enhanced workforce reskilling, and measures to manage extended parental leave are key priorities in the Singapore National Employers Federation’s (SNEF) recommendations for Budget ...

Posted on 18/12/2024

THIS nation-state beats United States, UAE to top global crypto adoption charts!

Singapore has topped global crypto adoption, beating the United States, UAE and Hong Kong, according to a report by consulting firm Henley Global. The Asian country ranked highest on the crypto ...

Posted on 18/12/2024

Digital Bank Sygnum to Launch Crypto Fund With Moomoo in Singapore

Sygnum Singapore said it has partnered with brokerage Moomoo to distribute its multi-manager fund to accredited investors on its platform.

Posted on 18/12/2024

Man fined over S$700,000 for role in scheme to evade duty, GST by illegally diverting liquor for local sale

More than 450 cartons of duty-suspended liquor, intended to be exported as sea stores, were illegally diverted for local distribution instead.

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