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Category: BUSINESS

Posted on 14/01/2025

Singapore family offices exceed 2,000 in 2024

THE number of single family offices (SFOs) in Singapore continued to grow last year, to exceed 2,000 by the end of 2024. Read more at The Business Times.

Posted on 14/01/2025

Top crypto casinos in Singapore in 2025: Tried and tested

Browse no further for the best online crypto casinos in Singapore. Each casino on our list promises big bonuses, speedy payouts, and a premium range of slots ...

Posted on 13/01/2025

Polymarket Blacklisted in Singapore—Global Crackdown Incoming?

Singapore has blocked access to the crypto-betting platform Polymarket. Users accessing the platform face a $10,000 fine or up to six months in jail. France, ...

Posted on 13/01/2025

Singapore stocks fall amid regional rout; STI down 0.3%

The Straits Times Index (STI) fell 0.3 per cent or 9.86 points to 3,791.70 points. Across the broader market, losers beat gainers 349 to 193, with 949.7 million securities worth $1 billion having ...

Posted on 13/01/2025

ST Explains: What caused the prolonged deluge in Singapore?

A monsoon surge has been dumping rain over the island since Jan 10, with the occasional strong wind gusts. Read more at straitstimes.com.

Posted on 13/01/2025

Singapore’s personal accident and health insurance market to skyrocket 38% by 2029, sparking shift to private health plans

SINGAPORE: According to research from GlobalData published by the Singapore Business Review, the city-state’s accident and health (PA&H) insurance market is set for substantial expansion, with ...

Posted on 13/01/2025

Singapore blocks access to crypto prediction platform Polymarket

Singapore’s gambling regulator has blocked access to Polymarket, a controversial crypto predictions platform, marking another hurdle for the platform amid increasing regulatory scrutiny. The Gambling ...

Posted on 13/01/2025

TSMC ends contract with Singapore-based company over alleged Huawei ties

TSMC has ceased its relationship with Singapore-based PowerAIR after a client review raised concerns about potential violations of U.S. export controls, reports the South China Morning Post, citing ...

Posted on 13/01/2025

Polymarket has been banned in Singapore, declared an illegal gambling site

Singapore has officially banned Polymarket, labeling it an illegal gambling platform. The government’s decision came down on January 12, cutting off access to the crypto-based prediction market. The ...

Posted on 12/01/2025

Cancelled activities, business closures, dancing in the rain – Singapore contends with non-stop rain

SINGAPORE - The weekend plans of many were scuppered by incessant rain that began early on Jan 10 and continued well into Jan 11 - including travel plans. More than 50 Singapore Airlines flights over ...

Posted on 12/01/2025

Chinatown stall holders say business dropped nearly 80% in past two days due to rain

Some stalls at Chinatown's Chinese New Year festive fair say their revenue dropped by nearly 80 per cent in the past two days because of the heavy rain. But that's just the tip of the iceberg for ...

Posted on 11/01/2025

Asia leads with 60% of the world’s crypto users, according to the 2024 Global Crypto Adoption Index

A study by Foresight Ventures and Primitive Ventures has revealed that Asia leads other continents with the largest number of crypto users globally. According to the report, countries such as India, ...

Posted on 11/01/2025

Singapore SMEs register improved health in Q4: OCBC SME Index

SMEs are looking to expand overseas and improve business in 2025. The OCBC SME Index expanded to 50.7 in Q4 2024, its third consecutive quarter of expansion. Trade-related industries, particularly ...

Posted on 10/01/2025

Singapore banks reverse midweek gains on Jan 10, dragging STI down 1.6%

The outcome here left the Straits Times Index (STI) down a chunky 1.6 per cent or 61.04 points to 3,801.56, with the banks taking a major hit. Losers outnumbered gainers 346 to 192 on trade of 898.6 ...

Posted on 10/01/2025

Singapore shares tumble at the open on Friday; STI down 0.9%

SINGAPORE equities began Friday (Jan 10) in negative territory, driven by losses in banking stocks. European markets gained overnight and US markets closed for a day. Read more at The Business Times.

Posted on 10/01/2025

5 key sectors set to benefit from the Johor-Singapore SEZ deal

The agreement aims to attract 100 projects over the next decade. The Johor-Singapore Special Economic Zone (SEZ) agreement is to benefit banking, gaming, industrials, technology, and ...

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