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Tag: crypto

Posted on 20/02/2025

Singapore’s Abaxx Exchange plans gold futures as precious metal surges

Not all attempts to launch precious-metals products have been successful. Singapore Exchange – which runs the local stock exchange, and also offers futures for commodities including iron ore – started ...

Posted on 20/02/2025

Singapore biotech tycoon Huang Zhenhua has assets frozen over $1.1 billion suit by pharma giant

Wegovy maker Novo Nordisk is accusing Mr Huang and his firm of fraudulent claims over a hypertension drug. Read more at straitstimes.com.

Posted on 20/02/2025

Grab shares rise after Singapore announces 50% corporate income tax rebate in Budget 2025

SINGAPORE: Shares of Grab Holdings Limited traded higher on Tuesday (Feb 20) after a 50 per cent corporate income tax rebate for Singapore companies in the 2025 ...

Posted on 20/02/2025

Will President Trump propel the crypto industry to new heights or new lows?

US President Donald Trump’s evolving stance on cryptocurrencies — from scepticism in his first term to a pro-innovation approach in his second — has sparked significant debate about the future of the crypto industry.

Posted on 20/02/2025

Efforts to draw businesses to Johor-Singapore Special Economic Zone being stepped up

Efforts to ease business entry into the Johor-Singapore Special Economic Zone are ramping up, driven by both public and private sectors. Authorities are also actively addressing concerns raised by ...

Posted on 20/02/2025

Robinhood tips Singapore launch, touts memecoin interest: Report

Robinhood plans to launch cryptocurrency trading products in Singapore through its Bitstamp subsidiary, Bloomberg reported on Feb. 18. The online brokerage has not yet set a launch date but aims to start rolling out services by late 2025,

Posted on 20/02/2025

SingPost 3QFY2025 operating profit down 23.8% y-o-y; domestic business back in an operating loss

In its 3QFY2025 business update, SingPost says that overall delivery volumes in the Singapore postal and logistics business grew by 3.4%, as letter mail volume growth offset lower ecommerce volumes ...

Posted on 20/02/2025

Singapore’s business support measures to sustain banks’ asset quality

Wealth management income will benefit from stock exchange-related incentives. Singapore’s commitment to aiding companies— via tax incentives, rebates, and more financing options— will help local banks ...

Posted on 19/02/2025

Budget 2025 will ease business costs but challenges remain, say firms and trade associations

Firms and business associations that CNA spoke to largely welcomed measures to cushion rising costs, but also raised concerns about how the effects may be limited in some instances.

Posted on 19/02/2025

Budget 2025: Singaporeans to get up to S$800 in SG60 cash vouchers, income tax rebate capped at S$200

Up to S$1 billion will also be spent over the next 20 to 30 years to upgrade ageing hawker centres and build new ones.

Posted on 19/02/2025

Robinhood (HOOD) to Expand Its Cryptocurrency Services to Singapore in 2025

Fintech company Robinhood Markets ($HOOD) is planning to expand its cryptocurrency services to Singapore in 2025, according to Bloomberg News.

Posted on 19/02/2025

Robinhood to Roll Out Crypto Offerings in Singapore by Late 2025 via Bitstamp

Robinhood Markets is preparing to introduce crypto services in Singapore next year through Bitstamp which it acquired in 2024 ...

Posted on 19/02/2025

Mandatory 3-year lock-in period for new business-owned private hire cars in Singapore

Vendor leak meant LTA brought forward the announcement, which comes into effect today Read more at The Business Times.

Posted on 19/02/2025

DeepSeek GPU smuggling probe shows Nvidia’s Singapore GPU sales are 28% of its revenue, but only 1% are delivered to the country: Report

Reports show that nearly 28% of Nvidia's revenue in 2024 came from Singapore despite the country only receiving around $600 million worth of GPUs at around the same time.

Posted on 19/02/2025

Robinhood To Move Into Asia’s Crypto Scene, Singapore Likely First

Robinhood new revenues were up 115% year-over-year for 2024, surpassing 25 million users. Hong Kong issued five crypto operator licenses in 2024, and Singapore issued ...

Posted on 19/02/2025

Robinhood plans to launch crypto in Singapore in 2025 – report

Robinhood Markets (NASDAQ:HOOD) is preparing to offer crypto in Singapore in 2025, an extension of its recent acquisition of European digital-assets exchange Bitstamp, according to a media report.

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