Chinese President Xi Jinping’s drive for “common prosperity” means entrepreneurs -- who once embraced Deng Xiaoping’s maxim that to get rich is glorious -- are flocking to more welcoming places like ...
Singapore’s Sea slashed 7,000 jobs in six months to curb losses
Sea Ltd has cut about 7,000 jobs, or roughly 10% of its workforce, in the past six months as it fights to stem ballooning losses and win back investors, according to a person familiar with the matter.
MAS clarifies FTX does not operate in Singapore, amid reports of Singaporeans losing investments in crypto firm
Bankrupt cryptocurrency exchange FTX does not operate in Singapore, the Monetary Authority of Singapore (MAS) said on Monday (Nov 14) The firm is neither licensed nor exempted from licensing here, the ...
Germany, Singapore seal partnership deals
Having first stopped off in Vietnam, Scholz was then welcomed for his first visit to Singapore since becoming chancellor last year by Prime Minister Lee Hsien Loong. The two leaders held a joint media ...
Sports-Teams may look beyond crypto after FTX collapse, say industry experts
Sports teams and businesses may shy away from long-term deals with crypto firms to minimise their risks after troubled crypto exchange FTX filed for U.S. bankruptcy protection last week, industry ...
Factbox: From Binance to Voyager, crypto firms’ exposure to FTX is coming to light
After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout.
The downfall of FTX’s Sam Bankman-Fried sends shockwaves through the crypto world
Sam Bankman-Fried received huge plaudits and superstar status as the head of cryptocurrency exchange FTX. Now the comments aren't so kind after FTX filed for bankruptcy protection.
German Chancellor recounts Hamburg’s 182-year-old historical link to Singapore
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.