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Category: BUSINESS

Posted on 07/05/2024

Amazon pledges to invest US$9 billion to amplify its cloud investment in Singapore.

In a strategic move to bolster its presence in Southeast Asia, Amazon.com Inc has announced plans to invest a staggering US$9 billion (RM42.66 billion) into expanding its cloud computing ...

Posted on 07/05/2024

Singapore-Based Data Center Operator Gets Green Load to Fund its $1.5 Billion Project

Princeton Digital Group has obtained a green loan of $280 million to help finance a data center it’s building in the southern region of Malaysia with $1.5 ...

Posted on 07/05/2024

UAE-Founded DAMAC Properties Announces Aggressive APAC Expansion Plan with Latest Office Openings in Singapore and Beijing

UAE-founded real estate developer with global aspirations, DAMAC Properties, has announced brand-new office openings in Beijing and Singapore. With its sights firmly set on global expansion, the ...

Posted on 07/05/2024

Amazon to spend S$12 billion to expand cloud infrastructure in Singapore

SINGAPORE: Amazon plans to invest an additional S$12 billion (US$8.88 billion) in Singapore over the next four years to expand its cloud computing infrastructure in the country.  This is to ...

Posted on 07/05/2024

Crypto winter hits Crypto.com’s Irish entity as revenues plunge 80%

An Irish subsidiary of Singapore-based crypto asset exchange Crypto.com reported a nearly 80 per cent drop in revenues for 2022 amid a collapse in trading volumes and asset prices following a number ...

Posted on 07/05/2024

Amazon says will invest $9 billion in Singapore

Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city. Microsoft pledged US$2.2 billion in artificial ...

Posted on 07/05/2024

Singapore ranks 9th most crypto-friendly country in the world

Singapore ranked 9th amongst the world’s most crypto-friendly countries, with a score of 67.47 out of 100. In Singapore, 11.1% of the population holds crypto assets despite the 61.3% gap in the cost ...

Posted on 07/05/2024

Crypto.com says it now has more than 100 million global users

Singapore-based digital asset exchange Crypto.com today said that more than 100 million people around the world are now using its services. Per its press release, this milestone was achieved shortly ...

Posted on 07/05/2024

SICCI head: Ties between Singapore and India will continue to flourish under Lawrence Wong

SINGAPORE: At the centennial celebration of the Singapore Indian Chamber of Commerce and Industry (SICCI) on... The post SICCI head: Ties between Singapore and India will continue to flourish under La ...

Posted on 07/05/2024

SINGAPORE’S PRIVATE ECONOMY EXPANDS FOR 14 CONSECUTIVE MONTHS

SINGAPORE, May 6 (Bernama-Xinhua) -- The seasonally adjusted S&P Global Singapore Purchasing Managers' Index posted 52.6 in April, marking the Singaporean private business condition's continued ...

Posted on 07/05/2024

SIA and Scoot first airlines to get Neste’s Singapore-made sustainable fuel at Changi Airport

SINGAPORE: The Singapore Airlines (SIA ... shippers and freight forwarders to claim the associated environmental benefits for flights related to their business travel and operations, validating the ...

Posted on 07/05/2024

Five years’ jail for scam mastermind in Singapore who cheated company director of RM5.25mil

Under the pretence of facilitating a loan deal, a man who was a bankrupt duped a director of three firms into handing over $1.5 million in February 2021.

Posted on 06/05/2024

Man fined $8,000 for illegally importing 6.3 tonnes of meat products

SFA officers found and seized the goods, which included chicken, duck and mutton products. Read more at straitstimes.com.

Posted on 06/05/2024

Regulatory hurdles: South Korea blocks crypto charity donations

South Korea has decided to remove virtual currencies as a form of donation. Kyunghyang Shinmun reported on May 5 that the Ministry of Public Administration has revised the “Donations Act,” but the ...

Posted on 06/05/2024

Crypto Venture Capital Funding Raised Over $1B in April and March, Signaling Onset of Bull Season

The blockchain infrastructure sector attracted over $1 billion in crypto funding in April, closely followed by the DeFi, and CeFi.

Posted on 06/05/2024

Singapore shares close higher, with Reits leading gainers

Market analysts say the outperformance comes amid improved investor sentiment towards inflation and interest rates. Read more at straitstimes.com.

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