India has placed private-sector lender Lakshmi Vilas Bank Ltd under a moratorium and has restricted withdrawals of more than 25,000 rupees ($335.80), according to a finance ministry statement on ... ( read original story ...)
Singapore Will Be in Phase 3 of Virus Curbs for ‘Quite A While’
Singapore could be in a so-called Phase 3 of virus curbs for more than a year, until an effective vaccine or treatment is widely available and distributed, Education Minister Lawrence Wong, who also ... ( read original story ...)
Singapore mental healthcare startup Safe Space bags $250k in seed round
According to a report, a suicide prevention center in Singapore witnessed a 36% surge in the volume ... With the investment, Safe Space looks to expand its business across the Asia-Pacific region and ... ( read original story ...)
Chinese property buyers sharpen focus on Portugal and Singapore, shun four spots troubled by geopolitical risks
Property investors from mainland China are sharpening their focus on Portugal and Singapore as alternative investment locations, while shifting more money out of traditional markets like the US and ... ( read original story ...)
IN FOCUS: After COVID-19, where are the Singapore economy, workforce headed?
As COVID-19 has ripped through the Singapore economy, such words have become part of ... Firms had to return to the drawing board to work out contingency plans to stay in business. The economy swiftly ... ( read original story ...)
Singapore’s Sea tumbles as e-commerce slows down
SINGAPORE: Sea Ltd, South-East Asia’s most valuable company ... While reporting its financial results, Sea said that it now forecasts its digital entertainment business will surpass revenue of ... ( read original story ...)
With Singapore emerging as space technology hub of Southeast Asia, we talk to scientists, inventors and ‘astropreneurs’ in the Lion City
SpaceX lifts off with four astronauts to International Space Station “Our vision is to be in every satellite and every autonomous vehicle,” says Shu Wei, ZES co-founder and chief technology officer. ( read original story ...)
Fintech startup Affirm’s IPO filing shows revenue surge amid lending boom
It filed for an IPO of up to $100 million, but that is a placeholder amount and is expected to change. Its major investors include Peter Thiel’s venture firm Founders Fund, Singapore’s ... ( read original story ...)
Ant Alumni Who Cashed Out Before IPO Flop Have Big Ambitions
He recalls heading for Hangzhou and Shanghai, expecting IPO celebrations in both places ... Bill Deng joined Ant in 2010 after working for Visa Inc. in Shanghai, Beijing, and Singapore. He soon became ... ( read original story ...)
Shades of green: Banks take bigger steps toward greener finance amid climate change push
As countries around the world look for ways to bounce back post-COVID-19, there’s been greater emphasis on building back better and greener. ( read original story ...)
5 new Covid-19 cases in Singapore, all imported for 8th day
SINGAPORE - There were five new coronavirus cases confirmed as of noon on Wednesday (Nov 18), all of them imported, for the eighth day in a row. Those infected had been placed on stay-home notices on ... ( read original story ...)
UOB sues retiree to recover more than $100k lost in alleged phone scam
But Mr Lim Thiam Ho claims that he was duped into logging into his bank account by scammers who applied for the cash advance.. Read more at straitstimes.com. ( read original story ...)
A US Navy First Fleet in the Indian Ocean, based out of Singapore? Not likely, analysts say
The US Navy Secretary’s proposal is seen as a ‘trial balloon’ that is unlikely to garner immediate regional support. ( read original story ...)
Singapore PM Lee Hsien Loong pushes for foreign talent, says LGBT people welcome
Lee Hsien Loong said talent is crucial for Singapore to become a regional tech powerhouse, despite potential friction between foreigners and locals. ( read original story ...)
Singapore’s DBS to rescue Lakshmi Vilas Bank, first such move by any foreign lender
By Bijou George and Suvashree Ghosh DBS Group Holdings Ltd. will take over India’s Lakshmi Vilas Bank Ltd. in a deal orchestrated by the nation’s central bank, the first time authorities have turned ... ( read original story ...)
DBS faces potential culture clash as it scoops up India’s distressed Lakshmi Vilas Bank
MUMBAI/BENGALURU/SINGAPORE: DBS Group's move to take over troubled Lakshmi Vilas Bank will give Southeast Asia's largest lender the boost in India it has long desired, but aligning the two banks' ... ( read original story ...)