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Category: BUSINESS

Posted on 09/12/2022

Temasek-backed crypto shop Amber halts expansion plans in rocky market

Amber Group has raised just half of a planned $100mn funding round and halted expansion plans as the Temasek-backed crypto group fights concerns that it will be pulled into the market turmoil sparked ...

Posted on 08/12/2022

China’s long-awaited reopening will be a double-edged sword for Singapore economy

Chinese consumers on a shopping spree could reignite global inflation, which has only begun to show signs of peaking. Read more at straitstimes.com.

Posted on 08/12/2022

Singapore fuel oil stocks rise for second straight week

Onshore fuel oil stocks added 2% to 20.31 million barrels (3.20 million tonnes) during the week ended Dec. 7, rising to a three-week high, Enterprise Singapore data showed. The build in weekly ...

Posted on 08/12/2022

Hunted by liquidators, ex-bosses of Singapore-based bankrupt crypto firm point fingers at FTX

The liquidators are urging the founders of the SG-based bankrupt crypto hedge fund to practise what it preached to the former CEO of FTX, that he make transparent disclosure on the collapse of his ...

Posted on 08/12/2022

Crypto Firm Amber Cuts Staff, Pauses Fundraising in FTX Fallout

Amber Group has continued to lay off staff and put a funding round on hold amid turmoil in the digital-asset sector.

Posted on 08/12/2022

Clearer ‘two–sided economy’ in Singapore expected in 2023: Maybank

Economic growth will likely decelerate to 1.5% next year. Manufacturing will shrink whilst tourism and consumer-facing sectors will grow “at a healthy pace,” making Singapore posting a “two-sided ...

Posted on 08/12/2022

Glencore asks Russian court to halt Sberbank’s 117m-euro claim, move hearings to Singapore

Russia's largest lender is seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements.

Posted on 07/12/2022

Singapore Looking to Install Smarter Crypto Regulations

The nation's monetary authority has advised that they are adopting a risk-focused approach to digital assets, minimizing the risks regarding digital assets, while still facilitating innovation in the ...

Posted on 07/12/2022

Finexpo’s Blockchain Fest Singapore 2023 to kick off on Feb. 16 and 17

Finexpo is proud to bring Blockchain Fest 2023 to Marina Bay Sands Convention Center, Singapore, one of the biggest venues in the city-state ...

Posted on 07/12/2022

Young, crypto-hungry investors are shaping the digital assets class

Leading the way is an upstart segment of young investors — digital natives who will go on to shape the future of finance. New research into the attitudes of high-net-worth investors towards digital ...

Posted on 07/12/2022

China’s Nov crude oil, natural gas imports at 10-mth high -customs

China's imports of both crude oil and natural gas reached their highest levels in November since January this year, customs data showed on Wednesday.

Posted on 07/12/2022

UPDATE 1-China’s Nov coal imports rise on stockpiling for winter

China's coal imports rose in November from the prior month as utilities replenished stockpiles to brace for the winter heating season, when tens of millions of homes rely on coal-fired systems for ...

Posted on 07/12/2022

Hiring in the Singapore marketing industry in 2023: Know the facts

While in 2023, there will be a focus on hiring local talent for most roles and a bigger focus on diversity and inclusion in hiring.

Posted on 07/12/2022

Singapore digital banks face long road to success

Singapore’s digital banks are mostly up and running, but newcomers face plenty of challenges in trying to establish a secure foothold in the financial sector, say observers.

Posted on 07/12/2022

Customers Of Crypto Billionaires Winklevoss’ Gemini Plead For Lost Funds

The Winklevoss twins promised “real return” for Gemini users who signed onto their lending program. Now customers are owed $900 million as the contagion that began with the collapse of Sam ...

Posted on 07/12/2022

Temasek-backed crypto group Amber says ‘business as usual’ amid staff cuts

SINGAPORE - Temasek-backed digital asset trading platform Amber Group says it is “business as usual”, even as it reportedly moves to cut headcount while raising funds amid the fallout of crypto ...

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