SINGAPORE (Bloomberg): Singapore awarded a batch of in-principle license approvals to stablecoin issuers, intensifying the competition among Asian financial hubs for a slice of a key crypto segment ...
Paxos to Issue New US Dollar-Backed Stablecoin in Singapore
American stablecoin issuer, Paxos has received the preliminary license that will make it float a new Dollar-backed stablecoin in Singapore.
Singapore’s middle distillates stocks near 10.5 mln bbls as gasoil net exports slip
SINGAPORE, Nov 16 (Reuters) - Singapore’s middle distillates inventories climbed 4.8% week-on-week to almost 10.5 million barrels as net exports of gasoil extended declines for a fourth straight week, ...
Man laundered about S$450,000 in scam proceeds through Singapore to China, gets jail
The 40-year-old also ran an illegal remittance business, sending about S$2.9 million to bank accounts in China.
Singapore’s Economic Growth Improves In Q3 2023
Singapore's economic growth in 2023 has slowed compared to 2022, with contracting manufacturing output and exports being a key factor. The service sector is expected to be more resilient ...
Crypto platform Paxos gets in-principle approval to issue stablecoins in Singapore
CRYPTO platform Paxos has received in-principle approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services under its Singapore entity, the company said on Thursday ...
Singapore’s monetary authority collaborates with international banks to launch tokenization initiative
The Monetary Authority of Singapore (MAS) has announced Project Guardian, a large-scale asset tokenization initiative. This new project, involving 17 key ...
Singapore introduces five new pilots to test asset tokenization
In addition to the five pilots, MAS launched Global Layer One (GL1) to explore the design of an open, digital infrastructure that will host tokenized financial assets and applications.
Owner of Hong Kong crypto exchange OSL gets US$91 million from firm linked to Bitget, which is exiting the market
BGX is taking a 30 per cent stake in BC Technology to become the largest shareholder of the owner of one of two licensed Hong Kong crypto exchanges.
Fast-growing Johor eyes Singapore power trade, electric vehicle opportunities in green economy drive
Malaysia’s southernmost state is exploring clean power exports and boosting EV infrastructure development via a proposed special economic zone with Singapore. Johor's green economy plan will also look ...
Could unproven claims about Lee Kuan Yew hurt Malaysia-Singapore trade? Jelutong MP asks in Parliament
Jelutong MP RSN Rayer today raised concerns that bilateral trade with Singapore might be damaged as a result of unproven allegations made by another Malaysian MP in the Dewan Rakyat about the republic ...
Singapore President Believes AI Will Ease Talent Shortage
Tharman Shanmugaratnan, the newly appointed president of the city-state, spoke at this week’s Singapore FinTech Festival, noting that artificial intelligence will help it meet the challenges of a ...
‘Singapore is wide open for business’: EnterpriseSG launches overseas centre in San Francisco
The San Francisco Overseas Centre will facilitate Singapore companies’ entry into the US and boost investment between the two countries.
UAE anti-money laundering chief praises Singapore’s S$2.8B bust
SINGAPORE: The director-general of the UAE’s Executive Office of Anti-Money Laundering and Counter-Terrorism Financing, Mr... The post UAE anti-money laundering chief praises Singapore’s S$2.8B bust a ...
Returns On Capital At Singapore Post (SGX:S08) Paint A Concerning Picture
And from a first read, things don't look too good at Singapore Post (SGX:S08), so let's see why. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative ...
Stocks to watch: ComfortDelGro, Golden Agri, The Hour Glass, Boustead Singapore
THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 15): Read more at The Business Times.