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Category: BUSINESS

Posted on 01/03/2024

Singapore’s Sky-High Living Costs: A Comparison with Switzerland

The Most Expensive Southeast Asian Country for Living Expenses Singapore has been recognized as one of the most expensive cities to live in the world, alongside Zurich, Switzerland. Switzerland ...

Posted on 01/03/2024

Singapore shares opened on Friday with steady note—STI remains unchanged

SINGAPORE: Singapore shares opened on a steady note on Friday morning, mirroring the global trend despite the overnight upswing in international markets. The Business Times reported that The Straits ...

Posted on 01/03/2024

Crypto.com partners with BTG Pactual to foster crypto accessibility

Crypto.com, a Singapore-based cryptocurrency exchange, has forged a strategic partnership with BTG Pactual, Latin America’s largest investment bank, in a bid to broaden the accessibility of ...

Posted on 01/03/2024

Establishing a Business Entity in Singapore (Updated)

Unless exempted, business entities must be registered with the Accounting and Corporate Regulatory Authority (ACRA) via their business filing portal: BizFile+. A foreigner residing overseas would need ...

Posted on 01/03/2024

‘Pig-butchering’ romance scams most common crypto scam tactic in 2023: Chainalysis

The total amount of crypto stolen through scams fell to US$4.6 bil, but romance scams doubled in revenue in 2023.

Posted on 29/02/2024

‘Not what good neighbours do’: Philippine lawmaker hits out at Singapore over Taylor Swift deal

But Filipino Swifties say it is a wake-up call for their country to step up on infrastructure to woo world-class acts. Read more at straitstimes.com.

Posted on 29/02/2024

ED freezes Rs 123-cr of Singapore-based shell firms parked in bank accounts of Mumbai-based NIUM India

The Directorate of Enforcement (ED) has frozen Rs 123 crore, belonging to Singapore-based shell entities, parked in bank accounts of Mumbai-based NIUM Indian Pvt Ltd as part of its probe into a money ...

Posted on 29/02/2024

Man gets jail and caning for swimming back to Singapore despite being deported

SINGAPORE: Despite being deported back to Batam, Indonesia, for immigration offences, a man paid a boatman 6 million rupiah (S$513) to board his sampan and jumped off midway to swim back to Singapore.

Posted on 29/02/2024

Singapore shares edge higher on Thursday amid cautious trader sentiment, STI up 0.1%

SINGAPORE – Local shares closed in positive territory Feb ... Keppel rose 1.7 per cent to $7.24, while Sembcorp Industries added 2 per cent to $5.10. THE BUSINESS TIMES Join ST's Telegram channel and ...

Posted on 29/02/2024

Crypto trading arm of Hong Kong-based group gets Singapore regulator’s preliminary nod

HashKey Technology Services was granted an in-principle approval by the Monetary Authority of Singapore for its major payment institution licence application. Read more at straitstimes.com.

Posted on 29/02/2024

Over Half of Surveyed Singapore Users Own Cryptocurrency

The evolving landscape of cryptocurrency in Singapore showcases a balanced approach to innovation, regulation, and consumer engagement.

Posted on 29/02/2024

HaskKey OTC Obtains In-Principle Payments License in Singapore

Previously operating under a licensing exemption in Singapore, HashKey OTC currently caters to accredited investors and financial institutions. Their services encompass spot trading for 40 digital ...

Posted on 29/02/2024

HashKey OTC secures in-principal license approval in Singapore

Currently, HashKey OTC operates under a licensing exemption in Singapore. The firm provides services to accredited investors and financial institutions with spot trading for 40 digital assets with ...

Posted on 29/02/2024

SphereX, a Decentralized Crypto Exchange, Secures Major Investment from SNZ, Strengthening Support

SphereX, a pioneering decentralized cryptocurrency exchange (DEX), is pleased to announce the successful addition to its latest funding round, which saw significant investments from a prominent backer ...

Posted on 29/02/2024

Committee of Supply 2024 debate, Day 1: Indranee Rajah on prudent use of public funds and strengthening Singapore’s competitiveness and hub status

The Government seeks to achieve prudent spending with good outcomes  - which is value for money, said Second Minister for Finance Indranee Rajah. Speaking in Parliament on Wednesday (Feb 28), she ...

Posted on 29/02/2024

No need to raise GST in Singapore until 2030: DPM Lawrence Wong

There will be no need to increase the current Goods and Services Tax (GST) rate up to 2030, said Deputy Prime Minister (DPM) and Minister for Finance Lawrence Wong during a debate on Budget 2024 in ...

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