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Category: BUSINESS

Posted on 17/04/2023

Crypto firm Luno to cease Singapore operations, users advised to withdraw funds

All Singapore-based Luno accounts will be closed on June 20, preventing users from logging in and accessing their accounts. Customers can transfer their crypto holdings to other reputable platforms or ...

Posted on 17/04/2023

Terra-Luna Founder Do Kwon Transferred $7 Million To Law Firm Just Before Coin’s Collapse That Triggered Crypto Meltdown

Do Kwon faces financial and securities fraud charges in the U.S., South Korea and Singapore for his role in the Terra-Luna collapse which wiped $40 billion from the cryptocurrency market.

Posted on 17/04/2023

Singapore shares book gains, in tandem with regional bourses

SINGAPORE - Singapore stocks posted gains on Monday, taking their cue from counterpart markets in the Asia-Pacific region, as well as a smaller-than-expected decline in exports. Read more at ...

Posted on 17/04/2023

SHEDE BRAND NIGHT Successfully Held in Singapore, Sharing The Charm of Chinese Spirits to the World

SINGAPORE - Media OutReach - 17 April 2023 - On April 11th, SHEDE SPIRITS Sharing Chinese Wisdom With the World & SHEDE Brand Night was held with a success in Singapore. Distinguished guests include: ...

Posted on 17/04/2023

Crypto platform Luno exits Singapore market

Cryptocurrency platform Luno will no longer make its services available in Singapore from June 20 onwards. In a note on its website, the company said the decision was made as part of a regular ...

Posted on 17/04/2023

Luno Shutters Singapore Operations, Users Need to Make Withdrawals by 19 June

Global cryptocurrency company Luno announced that it will cease its operations in Singapore from 20 June 2023 onwards.

Posted on 17/04/2023

Singapore total trade falls 8.6% in March

SINGAPORE: Singapore's total trade fell 8.6 per cent on a year-on-year basis in March with total exports and imports declining by 6.5 per cent and 10.9 per cent, respectively.

Posted on 17/04/2023

Why is India catching up to Singapore as top business environment

The improvement is mostly attributable to gains in its scores for foreign trade and exchange controls, infrastructure, and technological readiness ...

Posted on 17/04/2023

Singapore-based Volopay gets MAS’ in-principle nod for major payment institution licence

The start-up said the approval will enable it to strengthen its foothold and services in Singapore. Read more at straitstimes.com.

Posted on 17/04/2023

Singapore’s crowded food delivery scene could see mergers, acquisitions soon: Analysts

Amid rising costs and slowing demand, consolidations – in the form of exits, mergers or acquisitions – could be a viable option for food delivery platforms, academics say.

Posted on 17/04/2023

Crypto lender Amber mulls potential sale of Japan subsidiary

Japan is a “very high-quality market, but regulations are strict," says Amber's managing partner Annabelle Huang.

Posted on 16/04/2023

Singapore Food Agency seizes 2 tonnes of illegally imported food, alcohol, and medicines

The Singapore Food Agency has seized about 2.2 tonnes of illegally imported food coming into the country from Vietnam. The Agency found the illegal goods following a raid at an old industrial building ...

Posted on 15/04/2023

Singapore unexpectedly leaves monetary policy unchanged as risks grow

Singapore's central bank on Friday left its monetary policy settings unchanged, reflecting the city-state's concerns about its growth outlook and surprising economists who had expected another round ...

Posted on 15/04/2023

Morning Bid: Singapore signals a peak for policy tightening

Median forecasts favour a dip of 0.4% but risks seem tilted to the downside with Goldman Sachs warning of a sharp pullback in spending following the collapse of SVB. Analysts at NatWest Markets are ...

Posted on 15/04/2023

Singapore, No. 1 in the world for best business environment, 15 consecutive years!

SINGAPORE: The Economist Intelligence Unit (EIU) reported that Singapore has retained “its position as the world’s best business environment for fifteen consecutive years” in a report on Thursday (Apr ...

Posted on 15/04/2023

Hong Kong urged to look at Singapore, Macau methods for housing migrant workers and reuse of quarantine centres

About a third of Singapore’s workforce are migrant workers – including 270,000 domestic workers. A further 415,000 overseas employees work in the construction and manufacturing sectors. “If we want to ...

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