The death of cryptocurrency exchange FTX has sent an enormous blow to investors’ confidence, and the panic leading to withdrawals has put many crypto lending platforms at liquidity risk. Read more at ...
Singapore state investor Temasek to open Paris office in 2023
Singaporean state investor Temasek Holdings (TEM.UL) will open an office in Paris next year as it seeks to focus on investments in the Europe, Middle East and Africa (EMEA) region, it said on Tuesday.
Mark Mobius sees Bitcoin down at $10,000 in ‘dangerous’ crypto market
The co-founder of Mobius Capital Partners LLP said in an interview Monday in Singapore that his next target for Bitcoin is $10,000. He added he wouldn’t invest his own cash or client money in digital ...
1,270 layoffs reported from tech firms in Singapore from July to November
This is almost five times the 260 resident workers – comprising Singaporeans and PRs – laid off in the first half of 2022. Read more at straitstimes.com.
Singapore Banks’ Exposure to Bitcoin ‘Insignificant’ but Subject to Highest Risk Weight
Singapore's banks are required to hold $125 of capital against an exposure of $100 to risky cryptocurrencies like bitcoin or ether, an official said Monday. Although the jurisdiction's banks have ...
Singapore’s parliament raises governance concerns following FTX collapse
The FTX contagion made its way into Singapore and its parliamentarians cannot come to terms with the fact that their government failed to protect its ...
Singapore reports 817 new Covid-19 cases and no new deaths on Monday (Nov 28)
Singapore reported 817 new cases of COVID-19 on Monday, bringing the total tally to 2,164,689. A total of 143 cases are currently warded in hospitals, with 10 of them held in intensive care units, according to statistics released by the country's Ministry of Health.
FTX’s bankruptcy puts Singapore government at the receiving end of questions around retail investors’ protection
According to Cointelegraph, the Members of Parliament (MP) of the opposition Workers’ Party asked 15 questions around Temasek’s investment and FTX collapse ...
Singapore Market falls on China’s Covid-19 protests
At closing bell, the Straits Times Index (STI) index was down 4.49 points or 0.14% to 3,240.06 after trading between 3,221.89 and 3,248.69. Volume was 1 billion shares worth S$889.39 million changed ...
Closing Bell: Sensex, Nifty rally for 5th straight session, end at record highs; JK Tyre jumps 13%, Ceat 7%
Nifty futures on the Singapore Exchange traded 70.5 points, or 0.38 per cent, lower at 18,590.50, signaling that Dalal Street was headed for a negative start on Monday. Headline equity index Nifty on ...
Singapore shares edge down on China’s Covid-19 protests
SINGAPORE - Asian equities, including Singapore shares, closed in the red on Monday, after a weekend of protests across China over restrictive Covid-19 curbs dampened market sentiment. Read more at ...
Dempsey tenants hold out hope they can continue business at ‘second home’
Two of them said they have looked for alternative venues but nothing matches up to Dempsey, which is like a "second home".
Chinese national who ran elaborate ‘sextortion’ scheme in Singapore pleads guilty to rape, other offences
Using multiple false personas, a 34-year-old married technician ran an elaborate “sextortion” scheme, tricking and threatening five young girls into having sex with him.
FTX collapse put the Singapore government in a parliamentary hot seat
FTX collapse might change the government and cryptocurrency exchange relations in the coming years and might have a lasting impact on regulations as well.
PAG, Platinum among bidders for Advent’s stake in Singapore tuition chain worth up to $500 mln -sources
By Roxanne Liu and Yantoultra Ngui BEIJING/SINGAPORE, Nov 28 (Reuters) - Private equity firms PAG and Platinum Equity are among bidders vying for Advent International's stake in Singaporean tuition ...
Blockchain is transforming capital markets, and Singapore is leading the way
Asset tokenization and DeFi hold tremendous potential for the finance sector, writes Han Kwee Juan of DBS Bank. Here's how the Singaporean government is at the forefront of change.