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Tag: business

Posted on 06/10/2023

Financial Firms Are Flocking to Singapore But Hong Kong Keeps Its Edge

Hong Kong is still the first stop for businesses looking to crack the world’s second-largest economy; Singapore’s economic backyard in Southeast Asia is far smaller.

Posted on 06/10/2023

Middleman in S$760,000 bribery scheme involving Wildlife Reserves Singapore director gets jail

Too Say Kiong acted as an intermediary, delivering bribes to a Wildlife Reserves Singapore representative to secure jobs for his company.

Posted on 06/10/2023

Singapore ‘confirms arrest’ of crypto fund founder

Singapore police appeared to confirm the arrest of Su Zhu, one of the founders of bankrupt crypto hedge fund Three Arrows Capital. Last week, the

Posted on 06/10/2023

Singapore’s middle distillates stocks near 2-year high on lower gasoil net exports

Singapore's middle distillates stockpiles hovered around a two-year high, tracking declines in net gasoil exports, though a rise in jet fuel/kerosene net exports slowed down the overall inventory pile ...

Posted on 05/10/2023

Two Major Crypto Businesses Sued By US SEC Secure Full Licenses In Singapore

This latest development on Coinbase and Ripple Labs' operations in Singapore marks a crucial stride toward wider adoption of digital assets in the country and in the world.

Posted on 05/10/2023

GSR Secures Regulatory Approval as Crypto Liquidity Provider in Singapore

GSR Markets Pte. Ltd - the Singaporean subsidiary of the global crypto trading firm and liquidity provider GSR, has received In-Principle Approval from the Monetary Authority of Singapore (MAS) for a ...

Posted on 05/10/2023

Why a certificate to own a car in Singapore now costs $106,000

The cost of a certificate to own a family car in Singapore has jumped to a fresh record high of S$146,002 ($106,619; £87,684). The city-state introduced the 10-year certificate of entitlement (COE) ...

Posted on 05/10/2023

Right to own a car in Singapore can cost $106,000

Prospective car owners in Singapore must have a COE in order to be able to purchase a vehicle. They are sold in auctions every two weeks, with the government controlling the number of certificates for ...

Posted on 05/10/2023

Singapore’s economy expected to grow at moderate pace despite inflation elevated in near term: AMRO

The macroeconomic watchdog says that maintaining a tight monetary policy stance is critical to anchor inflationary expectations.

Posted on 05/10/2023

New supply of business parks in Singapore to drop to 818,000 sq ft in 2025

This is a massive decline from the new supply of 3.3 million sq ft GFA projected for 2024. According to a Savills report, Singapore manufacturers grapple with weak demand from the major economies, ...

Posted on 05/10/2023

Money laundering to vaping: 5 key takeaways from Singapore Parliament

Singapore has taken a significant step in the fight against money laundering, with the government announcing plans to set up a new inter-ministerial committee in Parliament on Tuesday (3 October). The ...

Posted on 05/10/2023

SingPost delivery business in Singapore lost S$16 million in 2022; review of postal industry under way

SINGAPORE Post (SingPost) incurred an operating loss of S$16 million in its post and parcel business in 2022, amid declining mail volumes and competition from logistics and e-commerce firms that have ...

Posted on 05/10/2023

Owning A Car In Singapore Costs $106,000, And That Doesn’t Include The Car

Here in the United States, car ownership is encouraged through tax incentives and near-mandated by a lack of public transit infrastructure — having a car is cheap, and not having one is just about ...

Posted on 05/10/2023

XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to Appeal

XRP bulls had a reason to cheer as the payments firm Ripple was granted a license to offer key services in Singapore and the Securities and Exchange Commission (SEC) lost a bid to appeal in the Ripple case.

Posted on 05/10/2023

Singapore Arrests Collapsed Crypto Hedge Fund Cofounder

Authorities in Singapore haveapprehended Three Arrows Capital (3AC) cofounder Su Zhu as he attempted to leave Singapore. Teneo, the liqu

Posted on 05/10/2023

Singapore introduces new regulations to counter potential illegal activity in free trade zones | Video

Singapore is imposing new regulations on its free trade zone, over concerns that the duty and tax-free locations are being used for illicit activities like money laundering and weapon trafficking.

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