City Singapore Financial News

Standard Chartered’s Q3 results – which came out yesterday — revealed the numbers behind something many have seen going on for a while: two cities are subsiding the entire rest of the bank.

El Salvador can follow Singapore’s lead and become a financial center in the Americas, says VanEck strategy advisor Gabor Gurbacs.

On October 16, 2023, Upbit Singapore Pte. Ltd. (Upbit Singapore), secured an in-principle approval (IPA) from the Monetary Authority of Singapore (<dfn data-info=«The Monetary Authority of Singapore (MAS) is Singapore» s central bank. the mission of mas is to promote sustained non-inflationary>MAS) for a Major Payment Institution (MPI) licence, marking a pivotal step in the firm's journey to fortify its digital asset venture in the region. This provisional approval allows Upbit Singapore to persist in rendering regulated Digital Payment Token services in alignment with the Payment Services Act 2019, while awaiting the issuance of the full license.

External Affairs Rajkumar Ranjan Singh on Saturday urged airlines from Vietnam to explore launching direct flights to cities in north-eastern states of India to provide increased investment and tourism opportunities to both countries. Guwahati, considered the Gateway to Southeast Asia, has an international airport with direct flights connecting Bangkok and Singapore, Singh said while addressing a session on investment and trade at the North East India Festival here. «All eight North East states are well connected by air, land and rail with other parts of India.

Billionaire Singapore developer Philip Ng has emerged as a last-minute impediment to TPG Capital’s $1.8 billion purchase of InvoCare, and has voted against the sale of the ASX-listed funeral provider to the private equity firm.

Reliance Industries (RIL) revenue streams — from energy to retailing and telecom — demonstrated robust growth in the second quarter. Operating profit at India's biggest company advanced 30% year-on-year to ₹44,867 crore. At the aggregate level, margins climbed nearly 4 percentage points due to more than 30% revenue growth in oil-to-chemicals (O2C), exploration and retail segments that together account for 81% of the revenue and two-thirds of operating profit at the conglomerate.

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.

OCS Services on Wednesday announced the commencement of its role as operations and maintenance contractor for KG-D6 Ruby FPSO — a floating production, storage and offloading vessel operating at the deepsea oil and gas fields of Reliance Industries Limited and bp plc in KB basin. «OCS Services will also be responsible for the operation of subsea production system using topside subsea control system equipment installed on the FPSO,» the firm said in a statement.

NEW DELHI : India’s trade with Russia in yuan is gathering pace as Russian exporters prefer being paid in the Chinese currency, two people close to the matter said. The trades are routed through global financial centres like Singapore and Dubai. Russia’s trade with China hit a record after its invasion of Ukraine, and the Western sanctions that followed redirected much of its energy exports to Asia.

A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC.

The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts.

HSBC is relocating private bankers from Singapore to Australia as Wall Street returns in force to try to bank more of the country’s ultra-high net worth individuals and secretive family offices.

NEW DELHI : Singapore is in talks with India to build industrial training and skilling institutes in India, according to persons aware of the matter. Skill development was made a key pillar of the strategic partnership between the two countries during education minister Dharmendra Pradhan’s visit to Singapore in May.

Air India has recently announced a special sale on its India-Singapore and India-Bangkok routes. This sale offers irresistible fares in economy and business class for travel until March next year. For bookings made from India, the economy round-trip fares on select India-Singapore routes start from Rs 13,330, and on select India-Bangkok routes from Rs 17,045.

Mumbai (Maharashtra) [India], October 18: In an exciting development for travel enthusiasts, leading travel platform Musafir.com has entered into a strategic partnership with Vistara, India’s finest full-service carrier, to offer global visa services to its customers. With this partnership, Musafir.com has integrated its comprehensive visa services into Vistara's official website to offer a convenient one-stop solution for all visa needs, thereby significantly streamlining the often complex and time-consuming process. Customers applying for their visas will also benefit by earning 5 CV points for every INR100 spent.

IndiGo flight bound for Bengaluru from Singapore had to return to Singapore's Changi airport due to a baggage error. The service partner of India's biggest airline had failed to offload baggage from an international flight.

Sips bar has secured the top spot in the 2023 edition of the World's 50 Best Bars, a prestigious ranking organized by William Reed Business Media. Double Chicken Please in New York followed in the second position, while Handshake Speakeasy from Mexico City clinched the third place. This year, the awards ceremony made history by taking place in Asia, specifically in Singapore.

UBS Group AG and two major Chinese lenders have been drawn into one of Singapore’s largest money laundering cases, as a police affidavit showed that an alleged fugitive involved had stashed millions at the banks.

Barcelona is the place to be! Sips in the Spanish city of Barcelona has topped this year's bar ranking in the World’s 50 Best Bar list which was revealed at a ceremony on Tuesday. For Barcelona, this is the second year in a row that the city has bagged the top spot: Paradiso, also in Barcelona, was adjudged the best bar of 2022. Located in the heart of Barcelona's L'Antiga Esquerra de l'Eixample district, Sips is the brainchild of Simone Caporale and Marc Álvarez. Drawing on the lessons of their already illustrious careers – Caporale was one half of the creative duo that led London's Artesian to The World's Best Bar title a record four times, whilst Álvarez spent almost a decade at Ferran and Albert Adrià's revolutionary elBarri restaurant group. Sips started operations during the Covid-19 pandemic. In an interview with CNN, Caporale said: «Let’s call it a dream.” With just 33 seats, Sips uses locally sourced ingredients to produce what Álvarez called “high couture cocktails.” The celebrated mixologist welcomed the Barcelona bar scene’s growing reputation, adding: “It’s a very nice spot — architecture, gastronomy, good weather. If we add on top of that nice drinks and good service, I think it’s (somewhere) that needs to be recognized.”

Singapore's Attorney-General's Office has officially established two specialized task forces, comprising approximately 20 prosecutors, tasked with addressing the crypto related crimes.

By Tom Westbrook