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Category: BUSINESS

Posted on 22/02/2023

Crypto Has Lost the ‘Battle’ Against Fiat Currency, BIS Chief Agustin Carstens Says

Crypto is a financial activity that can really only exist “under certain conditions,” he said. Carstens also spoke at the Monetary Authority of Singapore, saying that central bank digital currencies — ...

Posted on 22/02/2023

SMEs in Singapore urged to use PayNow-UPI scheme for business dealings with India

The Singapore Indian Chamber of Commerce and Industry (SICCI) has urged Small and Medium Enterprises (SMEs) in the city-state to use the PayNow-UPI linkage for business dealings with India for ease of ...

Posted on 22/02/2023

China boosts Australian coal imports on hopes for more easing of curbs -traders, data

Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year ...

Posted on 22/02/2023

Singapore data centre says no data loss discovered after report on hackers obtaining logins

typically to be closer to customers and business operations in Asia. GDS is among the top three colocation providers in China, the second-biggest market for the service in the world after the US, ...

Posted on 22/02/2023

Singapore data centre says no data loss discovered after report on hackers obtaining logins

typically to be closer to customers and business operations in Asia. GDS is among the top three colocation providers in China, the second-biggest market for the service in the world after the US, ...

Posted on 22/02/2023

Weak demand from major export destinations hits NODX momentum: UOB

Non-oil domestic exports (NODX) declined 25% in January 2023. Global demand will continue to hit export momentum in Singapore due to “more aggressive monetary policy tightening and worries about ...

Posted on 22/02/2023

Commentary: What would it take for Singapore to grow the next Creative Technology?

Budget 2023’s measures for business innovation may encourage leaders to think about transforming their companies in tandem with upskilling their people, says Temus’ Srijay Ghosh.

Posted on 22/02/2023

UPDATE 1-Singapore’s Wilmar annual profit jumps on oilseeds, grains segment strength

Singapore-listed agribusiness Wilmar International Ltd reported a 27% rise in its full-year net profit on Tuesday, underpinned by its oilseeds and grains business and overall robust performances ...

Posted on 21/02/2023

Singapore’s office sector still a landlord’s market

The office rental index surged by 11.7% in 2022. The office rental index increased by 5.1% q-o-q in Q4 2022, following the 2.1% q-o-q growth in Q3 2022, according to a Knight Frank report. Overall, ...

Posted on 21/02/2023

India expands national payment network to Singapore: What’s in it for crypto?

The digital rupee pilot project has logged 770,000 transactions involving eight banks. Five cities are already participating in the experiment, with nine more cities possibly joining the trial soon.

Posted on 21/02/2023

2 arrested, 1,600 cartons of duty-unpaid cigarettes seized by Singapore Customs

The total duty evaded was over $216,000, while the goods and services tax evaded was more than $18,600. Read more at straitstimes.com.

Posted on 21/02/2023

Singapore Budget 2023 Summary: 5 Highlights You Must Know

Keen to read up on the Singapore Budget 2023? Our summary highlights how the government intends to lead Singapore's economy in a post-pandemic environment.

Posted on 21/02/2023

Fifth generation needs to make use of their privilege to help others: Singapore construction firm

The Yong family, which is behind one of Singapore's largest construction firms ... Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, ...

Posted on 21/02/2023

Singapore urges China to restore flights, connections to pre-Covid-19 levels

BEIJING (The Straits Times/Asia News Network): Now that both Singapore and China have emerged from the shadows of Covid-19, priorities are to quickly restore life, business and exchanges to what they ...

Posted on 21/02/2023

Genting Singapore second-half profit more than doubles to $255.7m as travel rebounds

Gaming revenue more than doubled to $753.7 million for the operator of Resorts World Sentosa. Read more at straitstimes.com.

Posted on 21/02/2023

Next generation must never take eyes off the bottom line, says Singapore construction firm

Kim Yong, chairman of Woh Hup, one of the oldest and largest construction companies in Singapore, says its next generation ... time snapshot *Data is delayed at least 15 minutes. Global Business and ...

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