City Singapore Financial News

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

An ambitious plan to build a massive solar farm in remote northern Australia to transmit energy by a submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the $19 billion project on Wednesday

AUM of $150 billion) and Singapore-based Mars Growth Capital Partners (AUM $1.5 billion), according to two people familiar with the plans. Others that have set up local operations since this January include South Korea’s sovereign fund KIC, Japan’s Advantage Partners, and Singapore-based Growtheum Capital Partners.

Black Myth: Wukong is a game set to release on August 20, 2024, for PlayStation and PC. The game, based on the classic novel 'Journey to the West,' has faced some delays for Xbox players. This story covers the release date, time and platform details for the upcoming game.

Zomato shares worth Rs 4,771 crore via block deals on Tuesday. The stake sale which involved selling of over 18.54 crore shares was done in two block counts of 9.27 crore shares each. The shares were sold at a price of Rs 257.46 and Rs 257.17 which was at a premium of 2.3% over the floor price of Rs 251.68, ET Now had reported on Monday quoting agencies.

Investment management firm Vanguard Group on Wednesday bought more than 11.4 million units in REIT firm Nexus Select Trust for ₹158 crore through open market transactions, while Morgan Stanley sold its stake in the company. Nexus Select Trust is India's first real estate investment trust (REIT) backed by retail properties.

International students in Singapore can now apply for permanent residency (PR) as soon as they pass at least one national exam, such as the PSLE or GCE ‘N’/’O’/’A’ levels. The Primary School Leaving Examination (PSLE) is an annual national exam taken by students at the end of their final year of primary school education in Singapore. The Singapore-Cambridge General Certificate of Education Advanced Level (GCE A-Level) exam can be taken not only by school students, but also other candidates. Prior to the current change, students had to wait for at least two years after course completion before applying for PR. Additionally, students enrolled in an integrated program are also eligible to apply.

₹5,200, a jump of 23% from a year earlier. Similarly, a Bengaluru-Kochi ticket now costs around ₹3,500, a 46% spike from a year ago. While air traffic slowed in July on account of monsoon, travel picked up in August.

Ritesh Agarwal has invested Rs 830 crore through his Singapore-based entity Patient Capital in OYO's latest funding round — wherein the travel tech platform raised Rs 1,457 crore, sources said. Post the equity dilution in the Series G funding, Agarwal's holdings will increase from 29.97% earlier, to 32.57% post the investment, sources told PTI. According to sources close to the transaction, «Ritesh has invested to protect his ownership dilution in OYO as well as a signal of confidence in the company's prospects. The investment is backed by Singapore-based family offices.» Oravel Stays Ltd, the parent company of OYO, has raised Rs 1,457 crore from a consortium of investors in the latest funding round.

Here is the list of award money athletes get for finishing on the podium in Olympics. Hong Kong and Singapore top the list for the highest cash payouts for Olympic victories.

Hurun India most valuable family businesses, the top three family business’ interests are valued at $460 billion, equivalent to the GDP of Singapore. The list reveals that the top three Indian business families include the Ambani, Bajaj, KM Birla, with the Bajaj family valued at Rs 7.13 lakh crore and the Birla family at Rs 5.39 lakh crore. The Ambani family tops the list with Rs 2.57 lakh crore. However, the Adani-led energy conglomerate, with a value of Rs 15.45 crore did not feature in the top 10, as it is a first-generation family business. The Adani family leads in the first-generation entrepreneur category with a valuation of Rs15.45 lakh crore. The combined value of the 2024 list stands at Rs130 lakh crore, surpassing the GDPs of countries like Switzerland and the UAE. The top three family businesses alone account for Rs46 lakh crore, equivalent to Singapore's GDP.

Digital asset service provider BitGo has become the latest crypto player to receive the Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS).

Singapore's DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta, who has led Southeast Asia's biggest bank for 14 years. She will be the bank's first female chief executive and also the first to be appointed from within the ranks of the bank.

Digital payments major PhonePe is looking to set up retail payment operations in new geographies, including Southeast Asia and the Gulf region, two people aware of the company's plan told ET. Places like Singapore, the Gulf region and some countries in Europe are on the agenda, but the plan is still in the early stage and implementation will be done slowly, they said. “The plan is to apply for a payment licence in these geographies and set up retail payment operations there,” said one person, requesting not to be named. «The expertise that the team has built scaling up business in India will be handy there and there is a large opportunity as payments get digitised in these places.»

Carlsberg has said it will acquire the remaining 33.33 per cent stake in Carlsberg South Asia Pte. Ltd. (CSAPL) from its partner CSAPL (Singapore) Holdings Pte. Ltd in a deal valued at USD 744 million. CSAPL is the holding company for the Carlsberg's businesses in India (100 per cent) and Nepal (90 per cent), through its shareholding in Gorkha Brewery Private Limited (GBPL). CSAPL Holding's 33.3 per cent shares is under the control of Singapore resident C P Khetan, with whom the company was having disputes.

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A newly published report by Singapore’s Ministry of Home Affairs notes that the illicit use of crypto in terror financing is on the rise, though cash is still the dominant method used in transferring value.

IT industry has raised concerns with the Indian government around Singapore's new framework for skilled worker visas, saying it could hinder ease of doing business due to the existing skills shortage.

Reserve Bank of India, the Supreme Court on Wednesday stayed a Madras High Court order asking it to determine the value of shares, assets and investor bonds of the cash-strapped Lakshmi Vilas Bank (LVB) and the Indian subsidiary of DBS Bank of Singapore. The merger proposal of LVB and DBS Bank India Limited (DBIL), the Indian arm of the Singapore Bank, was approved in 2020.

viral photo from an Air India Dreamliner flight to Singapore has sparked widespread criticism of passengers' civic sense. The image, shared by X user Manisha Singhal, depicts a cluttered cabin with a plastic bottle in a poly bag and other scattered trash. «Kuch bhi kar lo, hum nahi sudhrenge!!! (No matter what you do, we won't change!) And nope, not a domestic flight—this is an international, Air India flight—new or old aircraft, we shower equal love on all! This is the @airindia Dreamliner to Singapore—rather a nightmare! When. Will. We. Be. Civil,» Singhal wrote in her post, which quickly went viral, amassing 184.9K views and sparking a deluge of reactions.