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Tag: business

Posted on 28/02/2023

Singapore banks continue to see double-digit increases in profits – can this be sustained?

One analyst expects the growth in earnings to be “less significant” than last year due to growing funding and operating costs.

Posted on 28/02/2023

Private trustees take over bankruptcy cases in Singapore

Legal experts said this change will speed up bankruptcy cases, but warn of negative implications. Starting September, Singapore will heavily reduce the use of public resources in private debt recovery ...

Posted on 28/02/2023

Crypto Lender Vauld Gets Further Extension for Restructuring Plan

Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28.

Posted on 28/02/2023

Singapore looks to region for renewable imports, Sun Cable out for now

Singapore’s plans to import 4GW of renewable energy by 2035 are on track – but Sun Cable is no longer part of those discussions.

Posted on 26/02/2023

Chip industry doubles down on Singapore as production hub

Big Western chipmakers and related suppliers are moving to increase production in Singapore as they work to meet growth in demand in the medium to long term and spread their supply chain risks. French ...

Posted on 26/02/2023

Got FOMO? Unregulated crypto firms have you just where they want you

Crypto companies are getting away with the kind of advertising and marketing that more traditional forms of financial products can't. The practise is largely unregulated, meaning firms who have ...

Posted on 25/02/2023

Two major crypto exchanges failed to block sanctioned Russians

Two of the world’s largest crypto exchanges failed to take steps to prevent sanctioned Russian banks from using their platforms, according to a report from the blockchain analytics firm Inca Digital ...

Posted on 25/02/2023

Change lies ahead for haphazard crypto regulation

Regulators have been slow to act on cryptocurrency, and they’ve often missed the mark. Hopefully, their approach will evolve in the years ahead.

Posted on 25/02/2023

BDE Ventures Owner Brian D. Evans’ Is Appearing as Token2049 Singapore Keynote Speaker in September 2023

Token2049 Singapore has connected with Angel Investor Brian D. Evans and appointed him as a keynote speaker in the 2023 Web3 conference.Brian D. EvansToken2049 Singapore is a Web3 event organized ...

Posted on 24/02/2023

Singapore banks see fall in wealth management fees as rich clients turn cautious

Asian millionaires’ reduced risk appetite is hitting Singapore banks at a time when they are welcoming more funds than ever from the wealthy. Lenders in Singapore, which is seen as a safe haven, are ...

Posted on 24/02/2023

DBS Bank says it wasn’t positive on Singapore-based Grab, but it’s ‘more comfortable’ now

Sachin Mittal of the Singapore bank says the nature of Grab's business is a "low-margin" one. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC ...

Posted on 24/02/2023

Crypto retrenchment persists with over 2,000 jobs lost in 2023

Here are some of the crypto job cuts announced or reported in just the first two months of 2023 Read more at straitstimes.com.

Posted on 24/02/2023

Singapore ride-hailing firm Grab beats on revenue, pulls forward profitability timeline

Grab expects 2023 revenue to come in between $2.20 billion and $2.30 billion. Singapore-based ride-hailing and food delivery giant Grab on Thursday posted strong revenue growth and narrowed losses in ...

Posted on 24/02/2023

UPDATE 3-Singapore’s Grab sees 2023 revenue growth, brings forward profitability target

Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, on Thursday forecast upbeat 2023 revenue and pulled forward its profitability timeline on hopes that consumers will ...

Posted on 23/02/2023

Food importer, partner of another firm fined S$8.5k for illegally importing 600kg of vegetables from Malaysia

A food import firm and a partner of another food importer were fined a total of S$8,500 on Thursday (Feb 23) for illegally importing fresh and processed vegetables for sale.

Posted on 23/02/2023

Commentary: Singapore residents must save for retirement today to continue enjoying low income taxes

SINGAPORE: The message from the Budget 2023 speech could not have been clearer. It cannot be business as usual for Singapore. Over the last couple of decades, the country has benefited from global ...

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