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Category: BUSINESS

Posted on 11/10/2023

Revealed: Liquidator’s report led to Three Arrows Capital founder’s arrest at Singapore Airport

Zhu Su, the founding executive of the renowned cryptocurrency hedge fund Three Arrows Capital, who was arrested at Singapore Changi Airport, was reported to the police by the consulting firm Teneo.

Posted on 11/10/2023

Analysis-China Saves Billions of Dollars From Record Sanctioned Oil Imports

For imports of Venezuelan oil, mostly heavy grade Merey, China saved an average of $10 a barrel versus comparable Colombian Castilla crude, the calculations based on the trader data showed. The ...

Posted on 11/10/2023

Singapore’s Q3 GDP Likely to Show Persistent Weakness Reuters Poll

Economists polled by Reuters expect preliminary data, due on Friday, to show gross domestic product (GDP) expanding 0.4% in July-September from a year ago amid tepid external demand. The city state ...

Posted on 11/10/2023

Singapore soars as regional business hub

Australian companies in Singapore are more upbeat about their investment than those in China, with 88 per cent of respondents in new survey looking to expand in the region.

Posted on 11/10/2023

Singapore’s Power Fix Could Help a World in Strife

Electricity trading between neighbors grants the provider a lot of leverage. The island state is right to take this chance.

Posted on 11/10/2023

Singapore shares extend rally at Wednesday’s open; STI up 0.4%

SINGAPORE stocks started off strong in early trading on Wednesday (Oct 11), following overnight gains in global markets. Read more at The Business Times.

Posted on 11/10/2023

EXCLUSIVE: Bitrue Strategy Advisor Warns US Will ‘Lose Talent’ Due To Crypto Regulators

Janeiro, Strategy Advisor at crypto exchange Bitrue, says America risks losing out on talent in the digital asset space due to regulatory uncertainties.

Posted on 11/10/2023

Singapore Jails Chinese National Over Fraudulent Employment Scheme

Unveiling the Fraudulent Scheme A Singapore court has handed down a four-week prison sentence to a Chinese national for making fraudulent declarations to secure an employment pass. The unidentified ...

Posted on 10/10/2023

Singapore’s digital economy – from e-commerce to social media – nearly doubled in five years

Singapore's digital economy contributed about 17.3% of Singapore's gross domestic product in 2022, higher than the 13% logged in 2017.

Posted on 10/10/2023

Singapore is fighting rising seas to save $50-billion in property

During a half-century of independence, Singapore has fought to expand its territory, inch by hard-won inch. On the tip of the Malaysian peninsula, the island city-state piled up sand to expand its ...

Posted on 10/10/2023

Singapore dollar’s resilience to be tested as exports lose steam

LONDON: The Singapore dollar has held up fairly well against the stronger greenback this year but its resilience may soon be tested.

Posted on 10/10/2023

How US$2 billion money laundering scandal threatens Singapore’s image

SINGAPORE’S normally staid image has had a rough year. Allegations have erupted that wealthy Chinese have been pouring ill-gotten gains into the Asian financial hub, in what the government itself ...

Posted on 10/10/2023

Singapore Tip-Off Led to Arrest of Three Arrows Co-Founder Zhu

Three Arrows Capital co-founder Su Zhu ended up in jail in Singapore after liquidators decided to apply maximum pressure following months of sparring over locating the failed crypto hedge fund’s ...

Posted on 10/10/2023

Commentary: What’s behind the housing crunch for foreign workers in Singapore?

Amid a shortage of dormitories, Singapore must strike a balance between improving foreign workers' living conditions and keeping costs sustainable for businesses, says NUS Associate Professor Daniel ...

Posted on 10/10/2023

Bitstamp Courts European Banks as Region’s Incoming Crypto Rules Boost Confidence

The longest-running crypto exchange says three European banks are in talks about offering crypto services – a stark contrast to the U.S., where firms are wary amid a regulatory crackdown.

Posted on 10/10/2023

Singapore’s power fix could held a world in strife

Worse still, the fields feeding the Malaysian and Indonesian pipelines are increasingly being used to supply domestic users. That risks leaving the city-state more dependent on costlier LNG. Such ...

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