City Singapore Financial News

18.07 / 17:23

markets Digital Platform Asia Digital Asset Trade stars Investment Platform Haruko Raises $6M Funding to Fuel Asia Growth Plans

Haruko, a digital asset investment management platform, has raised $6 million in a funding round to help fuel its expansion into Southeast Asia.

18.07 / 08:39

markets Blockchain Provident Digital Analysis tokenisation moody’s Moody’s Provides Risk Analysis for Project Guardian’s Tokenized Fixed Income Products

Ratings agency Moody’s has announced it will be involved in the Monetary Authority of Singapore (MAS) backed project Guardian by providing risk management services for tokenized fixed income products.

15.07 / 13:27

markets UPS track country 2020 Interviews Temasek’s golden goose: India emerges as Singapore firm’s best-performing market

MUMBAI : India has emerged as Temasek Holdings’ best-performing market over the previous 10 years, a key factor in the Singapore state investor’s total exposure to the country soaring to $37 billion. “In the last 10 years across all geographies, India has been the best in terms of returns," said Vishesh Shrivastav, managing director (India), Temasek, in an interview with Mint on Monday. Earlier in the day, Temasek said its exposure to India stood at $37 billion (equivalent to S$49 billion), including the financial interest from its portfolio firm SingTel’s investment in Bharti Airtel Ltd.

13.07 / 11:39

ETF CEO Bitcoin reports Spot Crypto ETFs Interviews Singapore Exchange CEO Says “Not Ready” for Crypto Listings: Report

The Singapore Exchange (SGX) is currently not having any plans to allow for crypto listings, per a Reuters’ report.

13.07 / 09:38

markets security Sustainability Trade country reports International ONGC Videsh to raise USD 800 million from 3 banks

ONGC Videsh Ltd (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp. (ONGC), is raising $800 million through a five-year loan from three domestic banks, people familiar with the matter said. The loan is likely to be priced at 120 basis points above the three-month international benchmark Secured Overnight Financing Rate (SOFR), the people said. «Three banks, state-owned Bank of Baroda (BoB), private sector Axis Bank and Singapore-based DBS Bank are the mandated lead arrangers for this loan which is now being syndicated to other banks. Bankers will go on a roadshow to Singapore and Taipei later this month to broaden the scope of lenders in this deal,» said one of the persons cited above.

13.07 / 09:06

Airlines WhatsApp Justice Courts Scandals Delhi HC upholds CCI's approval of Vistara-Air India merger

Delhi High Court has rejected a petition against the Competition Commission of India's last year’s order that approved the merger of Tata SIA Airlines, which operates under the brand name Vistara, with Air India. Tata SIA Airlines is a joint venture between Tata Sons and Singapore Airlines. While one Captain Deepak Kumar, a former Air India pilot, had alleged cartelisation and bid rigging in the merger of the two airlines, the antitrust watchdog had in December dismissed his plea, noting the absence of any substantive evidence to back the allegations.

13.07 / 05:08

markets wellness Trade country social reports Gold slips as China keeps buying on hold for second month

Gold slipped after the biggest weekly advance in three months, with central-bank purchasing patterns in focus.

13.07 / 03:29

UPS Citizens Career economy awards country Singapore is not as open as it once was to foreign talent

It is employment-pass renewal season in Singapore and the new regime dominates after-work conversation on Fridays. From September, overseas employees on a work visa will need to fulfil the city-state’s new points-based system, and earn a minimum salary threshold to stay in their jobs. While this mirrors what happens in other countries, it risks turning foreign companies away and could tarnish the nation’s image as a global business hub.

12.07 / 21:17

Provident Digital security Strategy Align Paxos Crypto License Paxos Secures DPT License in Singapore to Issue MAS-Compliant Stablecoin

Crypto firm Paxos has received full approval from Monetary Authority of Singapore (MAS) to offer digital payment token (DPT) services.

12.07 / 20:57

security Strategy Sustainability Research Trade show innovations Greta Minerals Secures Lithium and REE Assets in Western Australia

Singapore, July 11: Greta Minerals PTE Ltd, part of the Greta Group – a Singapore based company has successfully acquired Lithium and REE (Rare Earth Elements) exploration assets in Western Australia. This marks a significant milestone in Greta Groups’ growth strategy, enhancing its portfolio and expanding its operational footprint in Australia.

12.07 / 19:31

markets UPS Trade Experts show NSE’s loss, Singapore’s gain: Rupee volumes on SGX surge as FII leave in hordes

MUMBAI : Mumbai: The Reserve Bank of India’s decision to curtail trading in exchange-traded currency derivatives has surfaced an unintended beneficiary some 4,000 km away—the Singapore Exchange, or SGX. Volumes of rupee-dollar futures on the Singapore Exchange have surged since RBI’s restriction—which came into effect on 3 May—crimped volumes on India’s National Stock Exchange. NSE had enjoyed a 94% share in India’s exchange-traded currency derivatives segment.

12.07 / 17:03

markets Digital security Strategy Enterprise Paxos approved to issue stablecoins in Singapore

Authorised as a Major Payments Institution, the licence enables Paxos to issue stablecoins in line with MAS’ upcoming stablecoin framework. Singapore becomes the third market, alongside the US and United Arab Emirates, that Paxos and its related entities are approved to issue stablecoins.

12.07 / 16:32

Ethereum CEO awards Cronos fantom Courts Singapore High Court Orders Multichain to Pay Fantom Foundation $2.1M for Losses Suffered

The High Court of Singapore has ruled in favor of the Fantom Foundation, ordering the Multichain Foundation, a cross-chain router protocol, to pay $2.1 million in compensation for losses incurred during a 2023 hack.

12.07 / 12:45

markets Booking security Invesco Food reports Schools Invesco reduces fair value of Pine Labs, Swiggy

Invesco has reduced the fair value of fintech company Pine Labs and food delivery firm Swiggy in its books, according to its half-yearly shareholder report filed with the US Securities and Exchange Commission (SEC). As of April 30, Invesco valued Pine Labs at $3.5 billion, compared to $3.8 billion as of January 31, and $4.8 billion as of December 31, 2023.

01.07 / 09:29

Provident Digital track reports Updates Digital payment Singapore Flags Higher Terrorism Financing Risk for Digital Payment Token Services

Singapore has raised the risk level for digital payment token (DPT) service providers potentially facilitating terrorism financing (TF) from “medium-low” to “medium-high” in its latest update to the terrorism financing national risk assessment.

01.07 / 09:29

markets Blockchain Digital Platform Sony Trade Japanese Tech Giant Sony Group Officially Enters Crypto Trading: Report

Japanese tech conglomerate Sony Group has acquired crypto firm Amber Japan, officially debuting into the crypto exchange arena.

01.07 / 02:39

markets Manufacturing Research Everest Experts stage testing Post spices controversy, FSSAI cancels manufacturing licences of 111 spice firms

₹12 lakh and ₹20 crore can apply for FSSAI state licence. But for exports, spice manufacturers would need an FSSAI central licence. India cultivates a wide variety of spices, including black pepper, cardamom, cinnamon, cloves, turmeric, ginger, and more.

30.06 / 13:59

COST UPS Citi FIVE security Courts politician Capital gains: How zombie town Amaravati could rise again with TDP in Andhra

bifurcation of erstwhile Andhra Pradesh and creation of Telangana in 2014 was an emotional blow. What added salt to the wound was the loss of Hyderabad to Telangana after the bifurcation, leaving Andhra Pradesh without a capital. Naidu, who became the first chief minister of Andhra Pradesh, announced the creation of a new capital, promising to build a smart city.

29.06 / 07:47

COST UPS Citi FIVE wellness track These are the world’s most expensive cities

Graphic detail page.THE GLOBAL cost-of-living crisis that began in 2022 is now so much part of daily life that it is entering the vernacular. “Cozzie livs", British slang for the crisis, was recently named Australia’s word of the year by the Macquarie Dictionary. The latest Worldwide Cost of Living survey by EIU, our sister company, confirms that inflation remains high worldwide: the prices of 200 products and services that it tracks rose by an average of 7.4% over the past year.

28.06 / 07:47

Blockchain Provident Digital Trade innovations testing Asset Tokenization S&P Global Ratings joins Singapore MAS’s Project Guardian

Independent credit ratings provider S&P Global Ratings has joined the Monetary Authority of Singapore’s Project Guardian to explore asset tokenization.

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