The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement ...
Singapore business banking startup Aspire raises $100M
Aspire, a Singapore-based B2B banking startup, announced today that it raised $100 million in Series C funding led by Lightspeed and Sequoia Capital SEA. Why it matters: Despite a slowdown in fintech ...
Confusion Spirals in Crypto as the US Cracks Down
a stablecoin developed in partnership with the world’s largest crypto exchange, Binance. The SEC declined to comment, but Paxos, which is based in New York and Singapore, confirmed today that the ...
Singapore 2022 deficit set to be lower than expected; inflationary pressures persist
Singapore says its budget deficit for 2022 will be lower than ... The government pledged to support households and business. To help Singaporeans tide through the increasing cost of living, as well as ...
Singapore shares buck regional gains on Tuesday; STI down 0.2%
SINGAPORE - Singapore shares fell marginally on Tuesday as traders stayed on the sidelines, anxiously awaiting key US inflation data for more clues on rate movements in the world’s largest economy.
Singapore fin min sees lower 2022 budget deficit at S$2 bln
Singapore Finance Minister Lawrence Wong said on Tuesday the government expects 2022's budget deficit to be S$2 billion ($1.51 billion), or 0.3% of gross domestic product, down from a previous ...
Singapore’s DBS bank plans to apply for crypto license in HK: report
Singapore’s DBS Group plans to apply for a license to offer crypto to Hong Kong customers as the Chinese special administrative zone pushes to become a hub for digital assets and reforms its crypto ...
Singapore wants to profit from US and China tensions
Singapore attracted a record $22.5 billion in fixed asset ... The India Semiconductor Mission has been created as an independent business division within Digital India Corporation to drive India's ...
Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto
Growth will continue in more crypto friendly jurisdictions such as Singapore and Dubai, and new potential centers such as Hong Kong and London, the note added.
Bloomberg Reported Potential Buyers For Singapore Crypto Lender Hodlnaut and its Claims Against FTX
Never miss a trade again with the fastest news alerts in the world! This headline only article is a sample of real-time intelligence Benzinga Pro traders use to win in the markets everyday. Want ...
Singapore exports forecast to shrink or stay flat in 2023 as growth slows to 3% last year
Nodx growth slowed to 3% last year from 12.1% in 2021, with Q4 shipments dropping by a sharp 14%. Read more at straitstimes.com.
Singapore’s DBS says exposure to Adani group is ‘tightly managed’
SINGAPORE: DBS Group has a tightly managed exposure to India's Adani group of companies, the chief executive of Southeast Asia's largest bank said on Monday (Feb 13). DBS was among a group of banks ...
Live news: Singapore GDP grows less than expected as global slowdown bites
Singapore has been raising interest rates as it battles inflation ... Barclays, which reports on Wednesday, is a bit of a different story. Its UK business should benefit from rate rises, but it is ...
Singapore’s imports and exports grew last year, 2023 trade growth expected to moderate
Top NODX to Singapore’s top markets grew in 2022, except for China, Hong Kong and Thailand. The biggest contributors to the NODX increase were the US, European Union countries and Malaysia. Oil ...
Singapore keeps forecast for 2023 trade and export growth at ‘-2 to 0%’
Trade with most major partners will slow except China and Japan Singapore’s trade and non-oil domestic export (Nodx) for 2023 is seen to slow, following a strong recovery from the pandemic recorded in ...
Singapore plans to upgrade electricity grid amid rising energy demand, increasing use of renewables
With plans to increase the amount of low-carbon electricity imports to 4 gigawatts by 2035 and produce at least 2 gigawatts of solar power by 2030 – from more than 300 megawatt-peak as at the end of ...