Last month, Singapore approved a payments institution license for Ripple, permitting the firm to extend crypto tokens and services. Since 2020, the company has been engaged in a protracted legal ...
Authorities Confirm New Rules For Singaporean Crypto Firms To Follow, Reduce Risk
The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to safe keep customer assets under a statutory trust by the end of the year.
91 more Singapore-based companies allegedly sending supplies to Myanmar military
While investigations are ongoing, Singapore has no intention of blocking "legitimate trade" with Myanmar, says Foreign Affairs Minister Vivian Balakrishnan.
Singapore’s DBS faces succession dilemma: who can replace ‘all-star’ banker Piyush Gupta?
Piyush Gupta has built DBS into Singapore’s largest listed company, and Southeast Asia’s largest bank by assets. That very success is creating an elephant in the room.
Indonesian LNG makes up less than 1% of Singapore’s natural gas imports: MTI
LIQUEFIED natural gas (LNG) from Indonesia made up less than 1 per cent of Singapore’s annual natural gas imports on average between 2020 and 2022, Minister for Trade and Industry Gan Kim Yong said in ...
Singapore Regulator Bans Crypto Exchanges from Lending, Staking for Retail Investors
Singapore is enforcing new crypto consumer protection measures as the city-state continues applying regulation to its burgeoning crypto industry, according to a report by Bloomberg. Chief among the ...
Singapore to have new measures to ringfence customers’ crypto assets: MAS
Digital asset firms licensed in Singapore not only have to segregate customers’ assets from their own, but hold them in a trust, the regulator said, following a public consultation on proposed rules ...
Singapore home to more than half of Asia’s family offices: Report
Some 9 per cent of the world’s family offices are located in Asia, of which 59 per cent are in Singapore, said the report. Read more at straitstimes.com.
Singapore electricity tariffs to increase by 1.2% from July to September 2023
SINGAPORE — Consumers are set to pay more for electricity bills for the period of 1 July to 30 September 2023 as electricity tariffs are set to increase by an average of 1.2 per cent, or 0.31 cent per ...
Higher electricity bills from July to September as Singapore increases tariff by 1.2%
Consumers in Singapore will pay more for electricity in the July-September quarter, with the tariff increasing by an average of 1.2 per cent from the previous quarter.
Cost Guide to Starting Your Own Business in Singapore
Entrepreneurship in Singapore can be costly and complex. Here’s a guide on how to be an entrepreneur and how much is required to start ...
Singapore exports rocket, trade deficit turns surplus
Cambodian goods exports to Singapore reached $343.413 million in the first five months of 2023, up 508.3 per cent year-on-year from $56.451 million and up 1,313 per cent half-on-half from $24.31 ...
Singapore accountancy body launches S$1m programme for local, foreign students to attract talent
UNDERGRADUATES from Singapore and beyond can get a glimpse of the Republic’s accounting sector under a new S$1 million programme by the Institute of Singapore Chartered Accountants (Isca). Read more ...
Healthcare, sustainability among key markets as more Singapore firms invest in Sichuan
Singapore was the southwestern Chinese province’s largest foreign investor last year, with about S$5.7 billion invested across some 730 projects.
Johor quarantine services foil another bid to smuggle rice from Singapore at Second Link
The Malaysian Quarantine and Inspection Service Department (Maqis) foiled an attempt to smuggle in 10 tonnes of rice worth RM50,000 from ...
Say goodbye to Q2 and the crypto hacks, scams and rug pulls that came with it
According to a new report, only $4.9M was recovered of the $204.3M the crypto industry lost to hacks, scams and rug pulls in Q2.