Through regular risk assessments and close supervisory monitoring, the MAS ensures that banks in Singapore are well-capitalized, keep healthy liquidity positions, and are underpinned by a stable and ...
US District Court issues summons to crypto mogul Justin Sun in Singapore
Cryptocurrency mogul Justin Sun was on Thursday issued a summons from the United States District Court, and has been given 21 days to respond in relation to the lawsuit filed by the Securities and ...
As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra Luna’s Shadow
To this day, the state of crypto regulation in Korea is not terribly friendly. Terraform Labs was based in Singapore, not Korea, but the project played a special role in Kwon’s native country. When I ...
As tech slumps, SoftBank sells VC unit to Singapore-based firm led by Masayoshi Son’s brother
The deal's financial terms have not been disclosed, but the Singaporean VC firm aims to complete the acquisition this year. Last month, SoftBank CEO Masayoshi Son's younger brother Taizo Son and ...
SoftBank sells VC arm to Singapore-based firm led by Masayoshi’s younger brother
Japanese investment giant SoftBank is selling one of its venture capital arms, SoftBank Ventures Asia (SBVA), to Singaporean ...
Singapore to invest in new capabilities to meet sustainability targets, raise climate resilience
Sustainability and Environment Minister Grace Fu sets out her ministry's plans. Read more at straitstimes.com.
S-Reits lead Singapore stocks higher despite US recession fears
Concerns over a possible recession in the United States failed to deter local investors from sending the market higher on Thursday. Read more at straitstimes.com.
Woman jailed for allowing her bank accounts to receive money from scammers
SINGAPORE - She befriended two men online and allowed two of ... Paul offered to share the commission with Leng who agreed to receive and withdraw money with her DBS and POSB accounts. The bank ...
PRISM+ founder on moving beyond monitors and TVs to dominate the smart home market in S’pore
Jonathan Tan, founder of PRISM+, speaks about maintaining profitability as the business expands its product portfolio and regional presence.
Strides, Premier join forces to form second-largest taxi operator in Singapore
SINGAPORE – SMRT Corporation announced on Thursday (13 April) that its taxi business, Strides Taxi, will be merged with Premier Taxis, creating Singapore's second largest taxi operator.
Masayoshi Son’s SoftBank Sells Venture Capital Arm To Younger Brother’s Singapore-Based Investment Firm
J apanese billionaire Masayoshi Son’s SoftBank Group will sell its early-stage venture capital arm SoftBank Ventures Asia to The Edgeof, a newly formed investment firm helmed by Son’s youngest brother ...
Swiss bank Julius Baer makes key appointments in Southeast Asia
SINGAPORE, April 13 (Reuters) - Zurich-based Julius Baer (BAER.S) has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday. Kevin Tay will assume Yee's previous ...
Singapore ready to provide liquidity to keep financial system stable: MAS
Minister Shanmugaratnam assured that the central bank conducts annual stress tests. Singapore’s central bank is ready to provide liquidity to banks to ensure that the financial system remains stable, ...
Who is Piyush Gupta, the CEO of DBS Group who earns Rs 25 lakh per day? Know about his education, family, net worth & more
He then decided to join DBS as CEO in 2009. The CEO has a thing for books and enjoys reading. He also loves to play golf and badminton. That’s not all, he is also a bird watcher. A citizen of ...
Singapore’s economic growth likely slowed in Q1, complicating MAS’ task
Flash data on Friday is seen showing GDP growth dropping to 0.6 per cent in Q1 from a year ago. Read more at straitstimes.com.
Firm director who bribed a Wildlife Reserves Singapore senior manager gets 10 months’ jail
He paid $72,000 in bribes to the WRS senior manager, securing at least six projects worth over $420,000 in all. Read more at straitstimes.com.