SINGAPORE — Singapore is not "oversaving" — in fact, the national reserves are growing at a rate that is "barely keeping pace" with economic growth, said Deputy Prime Minister Lawrence Wong.
Asia promotes crypto clarity amid regulatory uncertainty in the U.S.
Asia is promoting clear crypto rules at a time when large firms are facing regulatory uncertainty in the U.S., said industry observers.
Singapore’s key exports fall by 20.2%; 10th consecutive month of decline
SINGAPORE: Singapore's non-oil domestic exports (NODX) contracted for the 10th consecutive month in July, falling by 20.2 per cent, with both electronics and non-electronics seeing a decline. The drop ...
Commentary: The value of budget surpluses for Singapore in challenging times
The Singapore government is constitutionally obliged to achieve a balanced budget over its term of office. What about targeting a net surplus instead, ask Eddie Choo and Gillian Koh from the Institute ...
Singapore police seize $1 billion in cash and cryptocurrencies used in money laundering
The Singapore Police Force, in a Facebook post, announced that ten foreign nationals had been charged with forgery and money laundering. The announcement also stated over $1 billion worth of cash and crypto assets were seized in addition to multiple properties,
From the U.S. to Japan, regulators are beginning to embrace crypto
Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.
Singapore orchid growers tap technology to keep industry blooming | Video
Orchid growers in Singapore have had to change their business models and invest in new technologies to adapt to challenges such as space constraints. This comes amid a challenging environment where ...
Cyber Trade Mission to Singapore
The Defence and Security Exports (DSE), in association with the British High Commission in Singapore invites you to join a trade mission to introduce you to Singapore’s cyber ecosystem and identify ...
Singapore’s PM Lee Hsien Loong says reserves adequate for ‘most circumstances’, warns against unnecessary drawdowns
Prime Minister Lee has called for prudent use of Singapore's reserves as it is unlikely to reap the same scale of savings and investment returns as in the past He said that Singapore should continue ...
‘Biggest misconception’ to think that Singapore will always have enough reserves, says PM Lee
With spending needs outpacing revenue growth, Prime Minister Lee Hsien Loong says in an exclusive CNA interview that he's "anxious" to continue building the reserves.
3 soft skills that are most wanted in Singapore
The top three most in-demand core skills – or soft skills – in the Singapore workforce are "self-management", "influence" and "creative thinking", according to a study conducted by the Institute for ...
Singapore’s Monetary Authority Sets Stablecoin Standards For Trustworthy Digital Payment Tokens
The Monetary Authority of Singapore (MAS) Tuesday announced its regulatory framework for stablecoins, aiming to ensure their value stability. This move comes after MAS took into account the feedback from a public consultation held in October 2022.
Is the Singapore Trustees Act Perpetually Unfit for Purpose?
However! The Singapore Trustee Act does not allow for the use of Purpose Trusts. So not only is the HNW family not in a position to use Singapore Trust law for multi-generational planning due to the ...
Singapore’s MAS Finalizes Framework for Stablecoin Regulation
The move comes after months of collecting feedback on the new framework and proposed to tighten crypto regulations in October 2022. The Central Bank of Singapore released a new regulatory framework for stablecoins on Tuesday after collecting feedback from ...
Company and its director fined $7,500 each for illegally importing over 810kg of meat, seafood products
A food importer was fined $7,500 for illegally importing meat, seafood and processed food for sale, the Singapore Food Agency (SFA) said in a statement. Read more at stomp.straitstimes.com ...
Lucasfilm shutters its Singapore studio after nearly 2 decades in the country amid Disney’s plan to save $5.5 billion this year
The winding down "is in response to changes in the industry and business conditions," a Singapore government unit said in a statement.