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Posted on 06/06/2024

Singapore’s trade finance banks warned over environmental crime risks

The Monetary Authority of Singapore (MAS) has warned the city-state is vulnerable to criminals laundering the proceeds of environmental crime and is urging local banks to conduct greater scrutiny of ...

Posted on 06/06/2024

TSMC-Backed Vanguard, NXP Plan On Building $7.8B Semiconductor Facility In Singapore

Vanguard and NXP to create semiconductor joint venture in Singapore. New fab to produce 55,000 wafers per month by 2029. VIS will contribute $2.4 billion, securing a 60% equity stake in the initiative. NXP will invest $1.6 billion for a 40% stake.

Posted on 06/06/2024

Fitch: Singapore is unlikely to attract large data centre investments, as Malaysia has drawn most of it over the past years

Despite Singapore's efforts, many major foreign investors appear more drawn to neighbouring markets like Malaysia ...

Posted on 06/06/2024

Rise in identity cybersecurity breaches in Singapore is due to multi-cloud and artificial intelligence

SINGAPORE: According to CyberArk, the increase in identity cybersecurity breaches in Singapore is mainly due to the widespread use of multi-cloud and artificial intelligence (AI), which creates many ...

Posted on 06/06/2024

TSM-backed Vanguard, NXP to build $7.8B chip wafer plant in Singapore

NXP Semiconductors (NASDAQ:NXPI) and Vanguard International Semiconductor are forming a joint-venture called VisionPower Semiconductor Manufacturing Company to build a $7.8B 300mm semiconductor wafer ...

Posted on 06/06/2024

Singapore’s nation building journey deserves to be ‘commemorated and remembered’: SM Lee

SINGAPORE: The time has come for Singapore to build a memorial to commemorate its nation building journey, said Senior Minister Lee Hsien Loong on Wednesday (Jun 5). Speaking after the groundbreaking ...

Posted on 05/06/2024

Bank of Canada cuts rates to 4.75%, signals more to come

The Bank of Canada cut interest rates by a quarter of a percentage point, making it the first Group of Seven central bank to kick off an easing cycle.

Posted on 05/06/2024

China’s Tiger Brokers eyes Singapore’s rich to drive growth

The firm is hoping to double its revenue in Singapore over the next one to two years as it taps the “sophisticated and rich".

Posted on 05/06/2024

US Reclaims Crypto Crown on Bitcoin ETFs, Trump Rise in Polls

(Bloomberg) -- The US is reclaiming its position as the undisputed top dog of cryptocurrency markets. From a crop of record-shattering Bitcoin ETFs to more accommodating regulators, swelling political ...

Posted on 05/06/2024

Singapore selected for $7.8B NXP, VIS chip JV

NXP Semiconductors, VIS plot Singapore-based production JV for mixed signal, power management and analogue chips.

Posted on 05/06/2024

NXP and Vanguard to invest $7.8 bln in Singapore wafer plant

Construction of the plant is expected to begin in the second half of 2024, with initial production available to customers in 2027, the firms said in a statement.

Posted on 05/06/2024

Dutch chip giant NXP plans $7.8B plant in Singapore amid tensions with China

NXP and TSMC-backed Vanguard International will build a $7.8bn chip plant in Singapore, seeking to diversify the semiconductor supply chain.

Posted on 05/06/2024

Tsutomu Ogura calls for Kallang Roar to be on Singapore’s side in South Korea clash

Singapore are hoping to have the full backing of a sellout 50,000 crowd when they take on South Korea on Thursday.

Posted on 05/06/2024

‘Bro needs an exorcist’: Instagram video of fish in Singapore goes viral online

SINGAPORE – It has been likened to a french bulldog, American actor Steve Buscemi, a grumpy old man and the character Gollum from the Lord Of The Rings. A video of a long-nosed stargazer fish has gone viral on Instagram, garnering nearly 1.3 million views since it was posted on May 18.

Posted on 05/06/2024

Polkadot Blockchain Academy Launches Fifth Cohort in Singapore to Nurture Developer Talent

Polkadot Blockchain Academy (PBA) has announced the launch of its highly anticipated fifth cohort in Singapore, commencing on May 20, 2024. A leading institution in blockchain education, PBA aims to ...

Posted on 05/06/2024

Singapore stocks in the red after lacklustre retail sales; STI retreats 0.3%

A lacklustre month of takings at the till was the culprit: Singapore’s retail sales fell 1.2 per cent year on year in April, below the forecast 1.9 per cent gain in a Bloomberg poll of private-sector ...

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