SINGAPORE —In the heart of Singapore, a quiet revolution is taking place. It doesn't involve protests; instead, it's all about wristbands, apps and smartphone notifications. Singaporeans are ...
Ripple attains Singapore license to offer digital payment token services
Ripple Markets APAC Pte Ltd., the Singapore subsidiary of San Francisco-based technology firm Ripple Labs, announced Wednesday that it has received a Major Payments Institution license from the ...
Singapore Mulls Family Office Rules as Launderer Ties Probed
Singapore is investigating the role that some single family offices played in one of the city’s largest money laundering cases and weighing further rules on the sector.
Singapore shares fall at Wednesday’s open, tracking global sell-off; STI down 1.1%
SINGAPORE stocks opened weaker on Wednesday (Oct 4), following overnight losses in global markets as surging Treasury yields weighed on investor sentiments. Read more at The Business Times.
Singapore firm to launch crypto wallet in PH
MANILA -Singapore-based firm Account Labs will launch its crypto wallet in the Philippines next week, marking their financial product’s first venture outside Singapore as it aims to expand in ...
Kate Middleton Shares Prince George’s Relatable Take on School Tests Amid News She Won’t Travel to Singapore
Kate Middleton, the Princess of Wales, shared Prince George's relatable take on school tests while visiting Fitzalan High School in Wales — all about his cute comment
Sharael Taha on Income Tax (Amendment) Bill
The Bill has changes that help align it better with Singapore’s policy objectives while improving its tax administration, said MP Sharael Taha. Speaking in Parliament on Tuesday (Oct 3), he said the i ...
Payment network Ripple on hiring blitz as it secures full Singapore licence
SINGAPORE - Payment network Ripple is ramping up hiring outside the United States, with Singapore being a key market as it secures a full licence from the Republic’s regulator to offer digital token ...
Blockchain Innovations Take Center Stage In Countries Such As Singapore
enabling it to offer Digital Payment Token services in Singapore. Switzerland has global recognition as “Crypto Valley,” led by a high concentration of blockchain startups and cryptocurrency projects.
Sygnum Singapore Secures Major Payment Institution License from MAS
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, has successfully obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This ...
Premature to judge banks’ culpability in S$2.8b money-laundering case, says Josephine Teo in response to Leong Mun Wai
Funds in bank accounts that are seized in money laundering cases do not belong to the banks involved, and the amount of these funds should not be linked to the banks' culpability in such cases before ...
Singapore Manufacturing Activity Returned to Expansion in September
The PMI for electronics, which accounts for about a third of Singapore's manufacturing, improved to 49.8 in September from 49.5 in August, the SIPMM data showed. The latest reading extended the sector ...
Ministers respond to clarifications sought on Singapore’s anti-money laundering regime
Second Minister for Home Affairs Josephine Teo, Monetary Authority of Singapore board member Alvin Tan and Second Minister for Finance and National Development Indranee Rajah addressed clarifications ...
How $2.8b money laundering probe affects S’pore’s economy, property and charities
SINGAPORE – Ministers and MPs engaged in a nearly four-hour-long exchange on Tuesday on an ongoing $2.8 billion money laundering probe, the largest in Singapore. ( read original story ...)
UPDATE 1-Bank debt sales surge in cashed-up Singapore
“When the dollar space is stressed, people seek out alternative markets,” said Clifford Lee, managing director and global head of fixed income at DBS Bank in Singapore. The drawcard for issuers are ...
Foreign-sourced disposal gains subject to tax from Jan 1
Foreign-sourced disposal gains will be subject to tax in Singapore from Jan 1, 2024 if received by entities of multi-national enterprise groups that do not have economic substance here. Read more at ...