Investors betting on Singapore’s two largest internet companies are staring down hefty losses. Read more at straitstimes.com.
Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer
Vauld said earlier in the day that the deal announced in July had “not come to fruition.” Nexo responded saying talks were continuing and it still hoped to complete the purchase. Vauld has until Jan.
Crypto Lender Vauld Looking to Exit Acquisition Bid from Nexo
On Monday, embattled British crypto lender Nexo told Decrypt that its acquisition of Singapore-based rival Vauld had not yet ended after emails surfaced indicating that Vauld was looking to withdrawn ...
Singapore businessman caught in China after 2 years on the run
Loon, co-founder of Novena Global Healthcare Group (NGHG), and his employee Michael Wong have been arrested and charged, the police said on Monday (Dec 26).The two men, both 43 and Singapore citizens, ...
Many local start-ups at risk of going out of business, warns industry’s trade association | Video
The Action Community for Entrepreneurship warns that a majority of Singapore's start-ups are at risk of going out of business as they face challenges in getting funding and investment due to economic ...
Man who left Singapore in 2010 to live with parents in Batam jailed for evading National Service
Novriandy Rizaldy applied multiple times to defer his NS enlistment on account of his studies and remained outside of Singapore without a valid exit permit for more than nine years.
Visionaries or charlatans: The many faces of crypto downfalls
The popularity of Bitcoin and other cryptocurrencies has given rise to a number of personalities whose fall from grace has been nothing short of spectacular. Read more at straitstimes.com.
Crypto Lender Vauld Calls Off Potential Acquisition by Rival Nexo
Vauld applied in Singapore for protection from creditors in July and signed an initial agreement with Nexo the same month. Nexo, however, said talks are still taking place.
Officials warn of crypto scam where genuine-looking sites show fake profit
The mobile application showed a profit of $2.8 million on what appeared to be a hot day of trading on the Singapore exchange. But whenever the trader tried to withdraw funds back home in the United ...
Crypto space didn’t catch a break in 2022, seeing one implosion after another
Crypto hedge fund Three Arrows Capital, also called 3AC, filed for bankruptcy protection as the drop in digital asset prices, spurred in part by the abrupt downfall of the Terra blockchain (LUNC-USD) ...
Business boom for money changers as travel demand takes off | Video
The tills are ringing for money changers in Singapore thanks to a bigger appetite for travel after the reopening of borders. Some money changers are enjoying up to 80 per cent more sales this festive ...
5 business highs and lows that drove the S’pore economy in 2022
Insight looks at five key highlights of the year and how there may be a silver lining to these challenges. Read more at straitstimes.com.
Singapore core inflation unchanged in November at 5.1%; analysts see price rises stabilising
Inflation may be stabilising after peaking in the later part of the third quarter, said analysts. Read more at straitstimes.com.
More Japanese companies to expand in S’pore, rising wages the top business concern: Survey
SINGAPORE - More than 90 per cent of Japanese companies in Singapore will maintain their present operations or have plans to expand their operations in Singapore. Read more at straitstimes.com.
Singapore factory output falls 3.2% in November, worse than expected, as electronics slump
The figure was worse than the 1.1 per cent drop economists had forecast in a Bloomberg poll. Read more at straitstimes.com.
Singapore’s core inflation holds steady at 5.1% in November; set to stay elevated for next few quarters
SINGAPORE: Singapore's core inflation held steady at 5.1 per cent year-on-year in November, the same rate as the previous month. This was because smaller increases in the costs of services, and ...