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Category: BUSINESS

Posted on 29/06/2024

Singapore will need to ‘build on our strengths’ to keep up with tourism competition in region: PM Wong

Speaking at the Singapore Tourism Board’s (STB) annual Singapore Tourism Awards on June 28 at Raffles City Convention Centre, PM Wong noted that the country has come a long way in developing tourism, ...

Posted on 28/06/2024

Crypto emerges as key issue in 2024 U.S. elections, reshaping political contest

Cryptocurrency is fast becoming a key issue in U.S. politics, and candidates are taking notice. I explored politicians' surprising shift towards pro-crypto positions and the implications for the ...

Posted on 28/06/2024

Singapore’s top-paid CEOs: Here are 5 leaders whose salaries exceeded S$10M in 2023

The banking industry has also achieved significant jumps in net income in 2023 compared to previous years, as the increase in global interest rates boosted net interest margins amid post-pandemic ...

Posted on 28/06/2024

Ringgit set to extend gains on recovering exports, Fed rate cuts

SINGAPORE - The Malaysian ringgit is set to extend gains into the remainder of the year as exports recover and the Federal Reserve eventually pivots to interest rate cuts. The ringgit has been the top ...

Posted on 28/06/2024

Singapore offers carbon tax rebates of up to 76% for refiners, petrochemical firms, sources say

The tax concessions will help them ease cost strains and remain competitive versus rivals elsewhere. Read more at straitstimes.com.

Posted on 28/06/2024

TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With 20,000 Attendees And Over 500 Side Events

Set to welcome 20,000 attendees from over 150 countries, TOKEN2049 will return to Singapore once more, converging industry leaders and global cultural icons alike in Asia's leading economic hub to ...

Posted on 28/06/2024

DBS Bank Eyed as Possible ‘Ether Whale’ Amid Crypto Market Surge

Discover how the rise of cryptocurrency is reshaping corporate norms and transferring DBS Bank and McDonald's in Singapore into the world of digital currency.

Posted on 28/06/2024

Singapore prime office rents hit pause after 3 years of non-stop growth: CBRE

Rents of Grade A offices in Singapore’s core central business district (CBD) held steady at $11.95 psf per month in the second quarter, pausing after rising non-stop for the past 12 quarters, ...

Posted on 27/06/2024

Singapore Takes More Steps to Expand Asset Tokenization

The Monetary Authority of Singapore added to its list of partners including global industry associations and financial institutions to expand asset tokenization, according to a statement.

Posted on 27/06/2024

Singapore stocks defy regional trend; STI climbs 0.4%

SINGAPORE - Stocks in Singapore ended higher on June 27 ... while UOB gained 0.3 per cent or eight cents to $31.11. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news ...

Posted on 27/06/2024

Arms exports from Singapore-based entities to Myanmar junta ‘dropped dramatically’ in past year: UN envoy

The flow of weapons and military supplies from Singapore-based entities to Myanmar has “dropped dramatically” following a government probe, said United Nations rights envoy Tom Andrews in a new report ...

Posted on 26/06/2024

Bybit Surpasses Coinbase to Become the World’s Second-Largest Crypto Exchange by Volume: Kaiko

The Singapore-based crypto exchange Bybit has flipped US-based Coinbase to become the world’s second-largest second-largest crypto exchange.

Posted on 26/06/2024

Bybit is now the world’s second-largest crypto exchange

Biance’s market share fell to 54 per cent in March, from 60 per cent in October, Kaiko said. Bybit was founded in Singapore and has relocated its headquarters to Dubai, where local officials are ...

Posted on 26/06/2024

10 travellers caught at Changi Airport for carrying over S$20,000 into Singapore without declaration

Singapore Customs, National Parks Board and Health Sciences Authority. The checks, conducted from Jun 17 to Jun 23, are part of continued efforts by the authorities to clamp down on non-compliance ...

Posted on 26/06/2024

Recent Singapore decisions highlight sanctions and export controls enforcement

Separately, a Singapore company has been fined more than SGD1.1 million (approximately US$840,000) on two charges of exporting strategic goods without the necessary export permits. The decisions ...

Posted on 25/06/2024

Singapore, Hong Kong are costliest cities for luxury spending: Report

Singapore has continued to attract the ultra-wealthy by maintaining its reputation for political and economic stability, alongside a pro-business environment. Hong Kong is the most expensive city for ...

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