Singapore, Mar 4 (PTI) Singapore will consider caning financial scammers in certain cases, in recognition of the serious harm they cause, Minister of State for Home Affairs and Social and Family ... ( read original story ...)
UOB chairman Wong Kan Seng ups his stake in bank by 10,050 shares for total cost of $385,000
This brings Wong’s total stake to over 75,000 shares or 0.004% of total number of ordinary votes. Wong was the former deputy prime minister of Singapore.
Probe on Nvidia exports: Chips allegedly moved through Singapore were sent to Malaysia, final destination under investigation
Law and Home Affairs Minister K Shanmugam says Singapore’s investigations were carried out independently and not requested by the US, which had placed export controls on advanced AI chips.
Singapore shares close down following new US tariffs, STI drops 0.5%
SINGAPORE - The Straits Times Index (STI) closed down after the US announced additional tariffs on March 4. The STI closed down 0.5 per cent or 18.16 points at 3,890.76. Across the broader market, ...
Singapore takes more steps to detect money mules through information sharing, cooling-off measures
SINGAPORE will put more effort into detecting money mule activities in 2025, said Sun Xueling, Minister of State for the Ministry of Home Affairs (MHA). Read more at The Business Times.
YouTrip rolls out overseas transfer feature for Singapore users
SINGAPORE – Users of multi-currency mobile wallet YouTrip can now make overseas transfers to recipients in more than 40 countries. In a blogpost on March 3, YouTrip said the countries include Malaysia ...
US trade rules breached? Singapore detains three in Nvidia GPU crackdown
Singapore has arrested three for alleged fraud in re-exporting Nvidia GPUs to China's DeepSeek, raising US trade concerns over possible breaches of export restrictions ...
Committee of Supply 2025 debate, Day 3: Keith Chua on IPOS’ support for SMEs and Singapore as an arbitration hub
Many small- and medium-sized enterprises (SMEs) may not be aware of the opportunity to unlock the value of their intangible assets and intellectual property rights. Successful businesses should ensure ...
MHA warns public against scammers who ‘pivoted playbook’ to evade banking safeguards, target crypto assets
Scammers have "pivoted their playbook" as bank accounts become more protected, said Minister of State for Home Affairs Sun Xueling on Tuesday (March 4). Speaking during the Ministry of Home Affairs' ...
Why analysts are divided over Trump’s crypto reserve announcement
Investment bank TD Cowen expressed skepticism about the plan, calling it "uncoordinated" and lacking clarity on funding.
Singapore considers caning for serious scam offences
She was responding to a Member of Parliament, who asked whether caning should be legislated for serious scam-related offences during the debate on the Home Affairs Ministry (MHA)
Committee of Supply 2025 debate, Day 3: Zhulkarnain Abdul Rahim on Singapore’s position as a dispute resolution hub
Singapore has firmly established itself as a leading international dispute resolution hub, but it cannot rest on its laurels. Various other jurisdictions have made significant developments and there is new competition for talent and disputes,
Singapore exploring use of tech to autonomously disrupt websites used for scams, malicious cyber activity
The effort takes place amid an increasingly complex threat landscape, with criminals exploiting technology, like artificial intelligence, to carry out more sophisticated crimes and target more victims ...
Singapore considering caning as punishment for some scam offences
The Singapore Government will consider caning as punishment for some scam-related offences, given the serious harm they cause and with scam losses here hitting a record high in 2024.
Children, students in SE Asia to benefit as UOB pledges $30m for education and support
The initiative will help through four key programmes providing digital learning tools, financial aid and scholarships. Read more at straitstimes.com.
US servers in Singapore fraud case may contain Nvidia chips, minister says
By Bing Hong Lok SINGAPORE (Reuters) -Servers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia's advanced chips, a government minister ...