Regulated blockchain infrastructure company Paxos introduced Global Dollar (USDG), a Singapore-compliant stablecoin whose United States dollar backings are reserved and managed by DBS Bank. On Oct. 31 ...
Paxos Launches USDG Stablecoin in Compliance with Singapore Regulations
Digital assets company Paxos has launched Global Dollar (USDG), a US dollar-backed stablecoin, under Singapore's regulatory framework ...
Saudi Arabia may cut December oil prices for Asia, sources say
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in Middle East benchmark Dubai, trade sources said.
Singapore stocks edge down on Nov 1; STI falls 0.1%
SINGAPORE – Local shares slipped into the red on Nov 1 amid ... edging out winners 279 to 260 on trade of 1.3 billion securities worth $1.6 billion. Agri-business Olam Group had a strong showing after ...
Singapore contributes $13 million more to global pandemic fund
SINGAPORE – Singapore has contributed an additional US$10 million (S$13 million) to the global pandemic fund, the health and finance ministries said in a joint statement on Nov 1. The new infusion – ...
Debit card for your 7-year-old? Banks in Singapore ramp up strategies to attract younger crowd
OCBC Bank, for one, launched a debit card aimed at those aged seven to 15 in a collaboration with Disney. Read more at straitstimes.com.
Singapore’s Olam receives buyout offer for agri unit amid IPO delays
The offer comes almost two years after the group completed the sale of a 35.43% stake in Olam Agri to SALIC for $1.24 billion in December 2022. The transaction had given Olam Agri an equity valuation ...
Singapore contributes $13b more to global pandemic fund
Mr Ong Ye Kung pressed for digitalising healthcare for a seamless integration of medical records. Read more at straitstimes.com.
Ex-dealer who made $255k from illegally manipulating prices of SGX stocks gets 9 months’ jail
It is the biggest reported case of stock market price spoofing detected in SGX. Read more at straitstimes.com.
Singapore stocks fell as trading began on Friday—STI dropped by 0.8%
SINGAPORE: Singapore stocks fell as trading began on Friday (Nov 1) following losses in global markets. The Straits Times Index (STI) dropped by 0.8%, or 28.72 points, to 3,530.16 by 9:01 am, as ...
Singapore manufacturers brace for boom; transport engineering sector leads surge of optimism ahead of 2025
Within the manufacturing industry, the transport engineering cluster stood out as the most optimistic, with a net 30% of firms expecting favorable conditions from October 2024 to March 2025. This was ...
‘New Singapore’ Strategy Gives Nikko AM Index-Beating 20% Return
The second-best-performing Singapore fund targets blue-chip stocks with potential to outperform the city-state’s benchmark index over the long term. The Nikko AM Shenton Thrift Fund has outperformed ...
The future of finance is at hand
“With new technology, we see new risks. AI governance is as important as AI innovation. The key objective is, therefore, to foster a trusted environment that allows financial institutions to harness ...
Singapore shares fall at Friday’s open; STI down 0.8%
SINGAPORE stocks began Friday (Nov 1) morning trading in negative territory, mirroring overnight losses in the global markets. Read more at The Business Times.
Behind the numbers: Is Singapore really Vietnam’s top FDI source?
[HANOI] With global supply chains realigning and US-China tensions intensifying, Singapore has become Vietnam’s top investor, acting as a strategic conduit for capital from multinationals in China, ...
Banks in Singapore ramp up strategies to attract younger crowd to use their cards
OCBC Bank, for one, launched a debit card aimed at those aged seven to 15 in a collaboration with Disney. Read more at straitstimes.com.