However! The Singapore Trustee Act does not allow for the use of Purpose Trusts. So not only is the HNW family not in a position to use Singapore Trust law for multi-generational planning due to the ...
Singapore’s MAS Finalizes Framework for Stablecoin Regulation
The move comes after months of collecting feedback on the new framework and proposed to tighten crypto regulations in October 2022. The Central Bank of Singapore released a new regulatory framework for stablecoins on Tuesday after collecting feedback from ...
Singapore introduces regulatory framework for stablecoins
Singapore’s financial regulator on Tuesday unveiled its regulatory framework for stablecoins, those cryptocurrencies pegged to fiat money for a more solid and stable asset. As part of this framework, ...
Singapore’s Central Bank Releases Stablecoin Regulatory Framework
Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request.
Singapore central bank unveils regulatory framework, bringing clarity to stablecoins
Singapore’s central bank has announced its revised regulatory framework, whose primary objective is ensuring the stability of single-currency stablecoins that fall under the jurisdiction of the ...
Uproar over OCBC banking app’s new security feature is clearly misplaced
THERE has been uproar over OCBC’s mobile banking Android application refusing to run unless a user’s sideloaded apps are uninstalled. Read more at The Business Times.
Singapore’s Sea misses Q2 revenue estimates on weak e-commerce sales
Tepid spending amid a challenging macroeconomic outlook pressured Sea's e-commerce business Shopee and caused a steep decline in its mobile gaming business. After a meteoric run in 2020 and part of ...
Singapore’s Sea Misses Quarterly Revenue Estimates
(Reuters) - Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services. U.S.-listed shares ...
Lucasfilm’s Industrial Light & Magic to Close VFX and Animation Facility in Singapore Due to ‘Economic Factors Affecting the Industry’
Disney-owned Lucasfilm/ Industrial Light & Magic is to close its VFX and animation facility in Singapore, where more than 300 people are employed. The company points to changes in the global ...
‘Rent prices have tumbled’: Expat shares insights on property market after 24 years here as realtor
Singapore's property costs have stayed painfully high and both locals and foreigners alike have been feeling the pinch. But is the market showing signs of cooling off? Juliet, who is the co-owner of a ... ( read original story ...)
UOB Kay Hian Remains a Hold on Singapore Exchange (SPXCF)
In a report released today, Llelleythan Tan from UOB Kay Hian maintained a Hold rating on Singapore Exchange (SPXCF – Research Report), ...
DBS head says Singapore hasn’t realized that it’s rich, suggests rethinking what to do with reserves
Mr Piyush Gupta, the head of DBS Group Holdings, called for reconsidering how the country’s sizable reserves can be better deployed. “We’ve still not caught up around the fact that we are a rich ...
Company and its director fined $7,500 each for illegally importing over 810kg of meat, seafood products
A food importer was fined $7,500 for illegally importing meat, seafood and processed food for sale, the Singapore Food Agency (SFA) said in a statement. Read more at stomp.straitstimes.com ...
Lucasfilm shutters its Singapore studio after nearly 2 decades in the country amid Disney’s plan to save $5.5 billion this year
The winding down "is in response to changes in the industry and business conditions," a Singapore government unit said in a statement.
Singapore among world’s first to agree stablecoin crypto regulation
The stablecoin market is valued at around $125 billion with two tokens — Tether's USDT and Circle's USDC — dominating with around 90% share.
Singapore Exchange to List Structured Certificates Linked to China’s Alibaba
The first issue of the structured certificates is a yield enhancement product linked to Chinese tech giant Alibaba Group with an autocall feature, according to SGX in a statement. It will be listed on August 30, SGX said. Societe Generale is the issuer, with UOB and UOB Kay Hian as the primary distributors, according to ...