Singapore’s central bank posted a record annual loss due to the currency-translation effects of a stronger Singapore dollar and high interest expenses from mopping up excess liquidity in the banking ...
MAS broadens tax incentives to encourage single family offices to invest in Singapore
THE Monetary Authority of Singapore (MAS) is expanding its scope of tax incentives for single family offices (SFOs) in Singapore to encourage them to deploy capital in the country more purposefully ...
International law firms double down on Singapore expansion
Driven by the continued flow of institutional money and private wealth into Singapore, firms are betting big on the Lion City ...
Singapore and India bourses’ NSE IX-SGX GIFT Connect goes live
The NSE IX-SGX GIFT Connect became fully operational on July 3, and recorded more than US$8 billion of open interest in US dollar GIFT Nifty futures and over $1 billion open interest in Nifty options ...
Sky-High Prices Make Singapore the Costliest Luxury City, New York and Miami in Top 10
With over 5.5 million people, Singapore residents pay the highest for rent, housing, school fees, insurance, taxes on cars, and general living costs.
Singapore’s GIC, Genus Power Infra to invest $2 billion in smart meter projects
Singapore’s sovereign wealth fund GIC and Genus Power Infrastructures have agreed to set up a joint venture platform to fund smart metering projects and have committed to invest $2 billion for the ...
Singapore’s $2 Billion Fintech Nium Eyes US IPO in Two Years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore’s ‘Greedflation’: The island-state’s power squeeze is tighter than its housing crunch
Singapore's landlords may be able to squeeze out a few more quarters of rent increases before enough new housing supply gives tenants a semblance of bargaining power. Meanwhile, the wholesale power ...
Singapore Plans to Safeguard Cryptocurrency Investments with New Trust Requirement
Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the cryptocurrency market and protect investors from potential losses.
Stock market booked net institutional outflows of $2.66b in H1
The net institutional outflows were led by Financial Services and REITs. The Singapore stock market also booked net retail inflows of $1.48b in the first half (H1) of 2023, with market makers and ...
GIC-Backed $2 Billion Fintech Nium Targets US IPO in Two Years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore banks can’t afford to miss out on coal phase-out despite immense challenges
THE hot topic in South-east Asian sustainable finance these days is the early retirement of viable coal power plants, known in industry shorthand as coal phase-out. Read more at The Business Times.
Should you invest or insure first? Expert sheds light on common financial planning dilemma
Before seeking returns, build a strong financial foundation with insurance to protect yourself against life’s uncertainties. Read more at straitstimes.com.
Singapore’s star banker Piyush Gupta creates a succession dilemma for DBS
DBS Group Holdings Ltd., led by CEO Piyush Gupta for over 13 years, faces the challenge of finding a successor who can maintain the bank's success and emulate Gupta's leadership. The bank's recent ...
Singapore’s Crypto Firms Have to Keep Customer Funds in a Statutory Trust: MAS
Singapore’s top financial regulator issued a notice on 3rd July ordering crypto service providers in the region to transfer all user funds to a statutory trust before the end of the year. The decision ...
Payments start-up Nium opens headquarters in S’pore, eyes IPO in 2 years
The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.