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Tag: business

Posted on 17/11/2023

Singapore, US and IPEF partner countries agree on lowering carbon emissions and corruption in trade

SINGAPORE - Singapore, the United States and 12 other Indo-Pacific countries have signed agreements aimed at lowering the carbon emissions and lowering corruption in trade, the Ministry of Trade and ...

Posted on 17/11/2023

‘Singapore is wide open for business’: EnterpriseSG launches overseas centre in San Francisco | Video

Enterprise Singapore (EnterpriseSG) on Tuesday (Nov 14) launched its San Francisco Overseas Centre to facilitate Singapore companies’ entry into the United States and boost trade and investment ...

Posted on 17/11/2023

Study: How Singapore’s unicorn landscape cultivates its business-friendly image

A recent study has found that the enterprise tech sector dominates the unicorn landscape globally, with Singapore accounting for 2% of the total unicorn valuation.

Posted on 16/11/2023

Egg importer fined $7,500 for failing to get imports inspected by SFA

The firm failed to arrange for SFA’s inspection, examination, and certification of six hen egg consignments. Read more at straitstimes.com.

Posted on 16/11/2023

Singapore Unveils Latest Relief Package to Ease Cost of Living

Singapore's government unveiled its latest support package to provide more relief for households as well as businesses.

Posted on 16/11/2023

Paxos secures preliminary license for crypto services in Singapore

Paxos, the blockchain infrastructure firm, has obtained a preliminary license from the Monetary Authority of Singapore (MAS).

Posted on 16/11/2023

Singapore vies with Asian peers for slice of US$127bil stablecoin sector

SINGAPORE (Bloomberg): Singapore awarded a batch of in-principle license approvals to stablecoin issuers, intensifying the competition among Asian financial hubs for a slice of a key crypto segment ...

Posted on 16/11/2023

Paxos to Issue New US Dollar-Backed Stablecoin in Singapore

American stablecoin issuer, Paxos has received the preliminary license that will make it float a new Dollar-backed stablecoin in Singapore.

Posted on 16/11/2023

Singapore’s middle distillates stocks near 10.5 mln bbls as gasoil net exports slip

SINGAPORE, Nov 16 (Reuters) - Singapore’s middle distillates inventories climbed 4.8% week-on-week to almost 10.5 million barrels as net exports of gasoil extended declines for a fourth straight week, ...

Posted on 16/11/2023

Man laundered about S$450,000 in scam proceeds through Singapore to China, gets jail

The 40-year-old also ran an illegal remittance business, sending about S$2.9 million to bank accounts in China.

Posted on 16/11/2023

Singapore’s Economic Growth Improves In Q3 2023

Singapore's economic growth in 2023 has slowed compared to 2022, with contracting manufacturing output and exports being a key factor. The service sector is expected to be more resilient ...

Posted on 16/11/2023

Crypto platform Paxos gets in-principle approval to issue stablecoins in Singapore

CRYPTO platform Paxos has received in-principle approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services under its Singapore entity, the company said on Thursday ...

Posted on 16/11/2023

Singapore’s monetary authority collaborates with international banks to launch tokenization initiative

The Monetary Authority of Singapore (MAS) has announced Project Guardian, a large-scale asset tokenization initiative. This new project, involving 17 key ...

Posted on 15/11/2023

Singapore introduces five new pilots to test asset tokenization

In addition to the five pilots, MAS launched Global Layer One (GL1) to explore the design of an open, digital infrastructure that will host tokenized financial assets and applications.

Posted on 15/11/2023

Owner of Hong Kong crypto exchange OSL gets US$91 million from firm linked to Bitget, which is exiting the market

BGX is taking a 30 per cent stake in BC Technology to become the largest shareholder of the owner of one of two licensed Hong Kong crypto exchanges.

Posted on 15/11/2023

Fast-growing Johor eyes Singapore power trade, electric vehicle opportunities in green economy drive

Malaysia’s southernmost state is exploring clean power exports and boosting EV infrastructure development via a proposed special economic zone with Singapore. Johor's green economy plan will also look ...

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