Stablecoin issuer Paxos has tapped Singapore’s DBS bank as its custodial partner. The bank will be responsible for cash management and the custody of Paxos’ stablecoin reserves. This is the first time ... ( read original story ...)
UOB confident to “contribute meaningfully” to Johor-Singapore Special Economic Zone development
"With UOB’s extensive regional network... we are well positioned to support business growth in Singapore, Malaysia, and across the region." — UOB ...
6 single family office funds linked to $3b money laundering case were given tax benefits: DPM Gan
SINGAPORE – A total of six single family office (SFO) funds in Singapore given tax benefits were found to be linked to the 10 foreigners arrested and convicted in the nation’s largest money laundering ...
Six single-family office funds linked to S$3 billion money laundering case given tax incentives
SIX single-family office (SFO) funds that had been awarded tax incentives by the government have been linked to individuals convicted in Singapore’s biggest money laundering case, or their spouses.
New data from FourKites: shipping delays at port of Singapore
By Mike DeAngelis, FourKites Senior Director, International Solutions.
Output for S’pore electronics and non-electronics diverge a second month
Deviation could be due to challenges linked to rerouting of vessels, port congestion. Read more at straitstimes.com.
Singapore PMI dips slightly amid strong regional factory activity
SINGAPORE’S overall factory activity grew more slowly in June, even as business conditions in the region appeared to be more favourable. Read more at The Business Times.
Paxos gains approval for Singapore stablecoin launch with DBS partnership
Paxos has received regulatory approval from the Monetary Authority of Singapore to launch a stablecoin, partnering with Southeast Asia’s largest bank, DBS, for banking services. This marks Paxos’ ...
Singapore ups crypto exchanges risk factor under new law update
Singapore has updated its Terrorism Financing laws, raising the risk level for crypto exchanges to medium-high. This move aims to prevent terrorist groups from exploiting the nation’s economic ...
Woman regrets resigning her job and leaving Singapore after finding food in Canada more expensive
SINGAPORE: A woman who relocated from Singapore to Canada took to social media to express her regret, especially after seeing how expensive certain food prices are in Canada. A Facebook (FB) user, ...
Singapore: Over 17 years’ jail for woman, 73, who abused family friend almost to death
A 73-year-old woman who, together with her family, abused an intellectually disabled woman they treated like a slave has been sentenced to 17 years and 10 months’ jail.
Daily roundup: Ninja Van cuts 5% of workforce in Singapore – and other top stories today
Stay in the know with a recap of our top stories today. 1. Ninja Van cuts 5% of workforce in Singapore Logistics technology company Ninja Van has laid off 5 per cent of its workforce in Singapore, it ...
Singapore will not direct GIC to invest in locally listed companies: Chee Hong Tat
SINGAPORE - Singapore will continue to find ways to improve the attractiveness of Singapore’s equity market, but it will not direct sovereign wealth fund GIC to invest in locally listed companies, ...
Singapore banks lead uptick; STI up 0.9%
SINGAPORE stocks continued on their uptick on Tuesday (Jul 2), following gains by the local banks. Read more at The Business Times.
Singapore banks surge to record highs on Tuesday
THE share prices of the three local banks traded at record highs on Tuesday (Jul 2) after the midday break, with OCBC and UOB breaching all-time records after an initially mixed showing at the opening ...
Proposed law to allow Singapore courts to order the sale of seized properties linked to criminal activities
This will allow law enforcement agencies to cut back on maintenance costs and preserve the value of the seized properties, says the Ministry of Home Affairs.