He noted that both Singapore and Germany are export-oriented economies which have long thrived on the principles of free trade and a rules-based international order. He said: “While the US-China ...
MAS Clarifies Singaporean FTX Users Not Protected, Reiterates Crypto Risk
The Monetary Authority of Singapore (MAS), the central bank of the city-state, said funds of Singapore-based investors in the collapsed FTX are not held in its local subsidiary Quoine because the two ...
Crypto.com says balance sheet strong, exchange not in trouble
Singapore-based crypto exchange Crypto.com's chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks.
Crypto crisis continues. Here’s the latest on the FTX collapse
Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to be felt on Monday.
As regulators scrutinise FTX, investor focus swings to Crypto.com
The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based ...
Crypto.com boss to answer questions on YouTube after transaction errors
Singapore-based crypto exchange said its chief executive will go live on YouTube on Monday to answer questions around some transactions on the platform that had sparked speculation and fund ...
Job cuts at Singapore tech companies are impacting Indians. Here’s how
While revenue and jobs in the tech will be impacted in the short-term, and market volatility is likely in the near future, the tech industry is expected to continue to grow in the long-term.
Withdrawals rise at Singapore-based Crypto.com after FTX meltdown — WSJ
Customers pulled funds from Crypto.com over the weekend after the company’s chief executive said the cryptocurrency exchange mishandled a roughly US$400 million transaction.In a report on Sunday (Nov ...
Germany’s BioNTech says to set up mRNA vaccine facility in Singapore
BioNTech SE , the German biotech that developed a widely used COVID-19 vaccine with Pfizer Inc , acquired a manufacturing facility in Singapore, its first in Asia, the company said on Monday.
First Mover Asia: Extreme Fear Hits Crypto as FTX Hack Makes Bad Situation Worse. What Comes Next?
ALSO: Sam Reynolds takes a fresh look at the U.S. Securities and Exchange Commission's case against Ripple, where a 2018 SEC official’s speech motes may prove crucial.
Sam Bankman-Fried’s downfall sends shockwaves through crypto
Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and poten ...
Doing good makes good business sense: 25 firms lauded for steward leadership
The inspiring stories come from social enterprises and SMEs and not just large companies. Read more at straitstimes.com.
Royal Group, Keppel team up on renewable energy, S’pore exports
The Phnom Penh-based Royal Group Power Co Ltd (RGP) on November 11 inked a preliminary but exclusive and binding agreement with Singapore’s Keppel Energy Pte Ltd (KE) to explore the joint development ...
Minimart fined for illegal import of food products from Myanmar, having unlabelled raw meat for sale
A provision shop operator was fined $10,000 by the court on Friday (Nov 11) for importing seafood and meat products illegally from Myanmar. Read more at stomp.straitstimes.com ...
German Trade with Singapore: An Overview
German companies are increasingly utilizing Singapore as a regional base for their expansion into Southeast Asia and beyond.
Singapore investors in bankrupt FTX crypto exchange resigned to writing off losses
That little bit of faith I had left in cryptocurrency is lost,” said an investor who lost "tens of thousands of dollars". Read more at straitstimes.com.