Singapore’s Temasek Holdings, one of its sovereign wealth funds, has pledged to take “collective accountability” for its failed $275 million investment in collapsed crypto exchange FTX. In a statement ...
Singapore’s Temasek cuts compensation for staff responsible for FTX investment
The move comes around six months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 million.
Singapore property market heats up, squeezing expat renters
Joana Cheong, a 26-year-old executive at a digital solutions company in Singapore, regards herself as one of the fortunate. When she moved from an apartment near the central business district to one ...
Regulating The Crypto Wild West
A well-functioning financial system is a key component of any successful economy. Without efficient payments and broadly accessible financial servic ...
4 Best Crypto Exchanges of 2023
Before you start investing in crypto, you'll want to find the right trading platform for you. Find out how the best crypto exchanges' fees and features compare.
After Germany enters recession, fears in Singapore of ‘Technical Recession’
After Germany entered recession, Singapore fears slipping into a 'technical recession' in the second quarter as the country's exports outlook weakened following a slowdown in global demand, Channel ...
Crypto firms here considering leaving because of ‘robust regulations’
As Singapore imposes more stringent regulatory requirements on those offering crypto services, there are concerns that players no longer feel they should operate within the city-state. Only 11 players ...
This Singaporean couple runs a side business preserving dead animals — and it’s bringing in 5 figures a month
"Serving animals, whether alive or the dead, is very meaningful to me ... Through taxidermy, I help [pet owners] with their grieving," said Vivian Tham.
‘Thousands’ Quit US Over Crypto Negativity: Blockchain Chief
Thousands of cryptocurrency industry developers have left the United States because of its negative stance towards the sector, the head of one of the pioneer exchanges told an international forum ...
Singapore Imports Rare Fuel Oil Cargo from Djibouti – Data
Singapore, Asia's oil hub, received a rare fuel oil cargo from Djibouti in the past week, Enterprise Singapore data showed on ...
Singapore downgrades trade forecasts with ‘worse-than-expected’ first quarter
SINGAPORE: Singapore downgraded its 2023 trade forecasts on Thursday (May 25) due to "worse-than-expected" performance in the first quarter of the year. Besides the first quarter showing, the forecast ...
Singapore upbeat travel boom can cushion economy from recession despite global slowdown woes
Singapore’s economy relies heavily on trade and is vulnerable to shocks resulting from disruptions in commerce, especially involving China, the city state’s No 1 trading partner. In a separate ...
IRS to Send Cyber Attachés Abroad to Fight Crypto Crime
The Internal Revenue Service (IRS) is launching a four-month pilot program this June to fight global cyber-crime using crypto, particularly for tax evasion ...
Singapore cuts 2023 trade forecasts after Q1 exports slump worse than expected
SINGAPORE (The Straits Times/Asia News Network): Singapore cut its 2023 growth forecasts for key non-oil domestic exports (Nodx) and total merchandise trade, which includes oil, amid a sharp downturn ...
Singapore economy beats estimates but govt warns of global risks
Singapore's economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy. It warned, ...
How Is Cryptocurrency Taxation Managed Effectively in Singapore?
Positioned as a global leader in the financial sector, Singapore has demonstrated an encouraging approach towards cryptocurrencies, solidifying its status as a crypto-friendly nation. The significance ...