Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 ...
Singapore Central Bank Sees Record Net Loss On Inflation Fight
Singapore's central bank said Wednesday it suffered a record annual net loss of US$23 billion in the most recent financial year as it tightened monetary policy to battle soaring inflation, and it ...
Singapore stocks close lower as weak economic data weighs on sentiment; STI down 0.6%
The lack of leads from Wall Street overnight coupled with weak economic data from Singapore and China sent investors into a defensive mood on Wednesday. The wary sentiment left the Straits Times Index ...
Singapore adjusts tax incentives for family offices, which must also do more to boost local hires
Singapore’s central bank will step up incentives and requirements to encourage single family offices to contribute more to environmental and social causes as well as jobs here. Read more at ...
Singapore to Change Family Office Tax Rules For Local Boost
The Monetary Authority of Singapore will change the tax incentives it gives to qualified family offices in an effort to boost the hiring of locals and investment in the country’s equity markets.
Singapore growth outlook uncertain, fight against inflation still on, says central bank
Singapore's near-term growth would remain weak as prospects had dimmed but inflation should reduce by year-end.
HK should follow Singapore to export smart city experience
As of April this year, around 5,160 unique machine-readable datasets from the government, public and private sectors of Hong Kong were available to the public for free, an increase of more than 50% ...
Singapore’s Economic Growth Outlook Has Dimmed, MAS Says
By Ronnie Harui Singapore's economic growth outlook has dimmed, Monetary Authority of Singapore Managing Director Ravi Menon said Wednesday, expecting ...
Singapore economy set to bottom, may spark STI re-rating
FOLLOWING a relatively strong 2022, the current year has not been a great one for the Straits Times Index (STI) so far. Read more at The Business Times.
Supermarket showdown: Expat reveals vast grocery price differences between Singapore and Switzerland
According to a report by ECA, a human capital firm, Singapore is the fifth most expensive city in the world for expats. From rising rental costs to inflation, even expats find the prices in the little ...
Cryptocurrency crackdown: 5 ways on how US’ war on crypto could impact S’pore and SEA
With the SEC cracking down on companies such as Binance and Coinbase, here's how regulations in the US could soon impact crypto regionally.
South Korea OKs Its First Crypto Bill Targeting Unfair Trading, Bolstering Investor Protection
South Korea has passed its first cryptocurrency bill that will advance the country's bid to protect investors in digital assets. Lawmakers have been discussing crypto-related protections in recent years,
Singapore Forces Crypto Exchanges to Move Customer Funds to A Trust
Last month, Singapore approved a payments institution license for Ripple, permitting the firm to extend crypto tokens and services. Since 2020, the company has been engaged in a protracted legal ...
Authorities Confirm New Rules For Singaporean Crypto Firms To Follow, Reduce Risk
The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to safe keep customer assets under a statutory trust by the end of the year.
91 more Singapore-based companies allegedly sending supplies to Myanmar military
While investigations are ongoing, Singapore has no intention of blocking "legitimate trade" with Myanmar, says Foreign Affairs Minister Vivian Balakrishnan.
Singapore’s DBS faces succession dilemma: who can replace ‘all-star’ banker Piyush Gupta?
Piyush Gupta has built DBS into Singapore’s largest listed company, and Southeast Asia’s largest bank by assets. That very success is creating an elephant in the room.