Singapore Financial News

Stakeholders in New Zealand are advocating for a gradual and meticulous strategy in regulating the crypto industry in the country. On the other hand, Singapore is embracing a proactive and comprehensive regulatory stance toward stablecoins.

Egyptian authorities say two tankers have collided in a single-lane stretch of the Suez Canal, briefly disrupting traffic through the global waterway

More than 40 banks have piled into data centre operator AirTrunk’s $4.6 billion novel debt deal linked to its carbon, energy and water usage, snapping a lacklustre year for Australian borrowers in sustainable financing markets.

airport business. It is also looking to expand beyond the national capital, but initially plans to open cloud kitchens, focusing on a fresh foods offering, comprising chocolates, chocolate drinks, cakes and confectionary. It had two cloud kitchens in FY21 and has since expanded to 15.

Crypto exchange Bitstamp will discontinue staking services for customers based in the United States. In a message shared with Cointelegraph, the exchange announced the ending of Ether (ETH) staking as of Sept. 25.

NEW DELHI : India will supply 14,000 tonnes of non-basmati rice this year to Mauritius and 79,000 tonnes to Bhutan under humanitarian operations, making an exception for two key diplomatic partners. The decision has been taken after India received requests from both the nations to exempt the export prohibition on non-basmati rice, two government officials aware of the matter said. Mint on 20 August reported that after the UN World Food Programme, and three nations—Singapore, Indonesia and the Philippines—had appealed to New Delhi to resume rice exports to their nations following India’s decision to suspend non-basmati white rice shipments to check prices effective from 20 July.

Taylor Swift fans, known as Swifties, have a golden opportunity to secure their spots at 'The Eras Tour' as a new wave of tickets is set to hit the market on August 22, for her performances in Japan. In a surprise announcement, Lawson Ticket unveiled that the highly sought-after tickets would become available at 7 p.m. JST (6 p.m. Manila time). The process to obtain these coveted passes can be initiated through a link provided by Lawson Ticket on its official website. Responding to the overwhelming demand from ardent fans, the organizers stated, «Due to popular demand, we have decided to sell a few additional copies on a first come, first served basis. Don't miss this opportunity to be part of the magic!» The heart of the event will be the Tokyo Dome, boasting a massive capacity of 55,000 attendees. From February 7 to 10, 2024, Swift will grace the stage at this iconic venue, captivating the Japanese audience with her chart-topping hits and unmatched showmanship. Introduced in November of the previous year, The Eras Tour is Taylor Swift's artistic voyage through the various musical phases of her illustrious career. The inaugural leg of the tour spanned from March 18 to August 5, encompassing stadiums across the United States. This extraordinary musical journey is scheduled to culminate in August 2024. While Japan is a pivotal stop on the tour, the excitement will continue to reverberate across Asia. Beyond Japan, the only other Asian destination to host The Eras Tour is Singapore. The electrifying performances will unfold at the colossal National Stadium, accommodating 55,000 fans, on March 2, 3, 4, 7, 8, and 9, 2024.

Suez Canal within hours, the head of the canal authority said on Wednesday, following the collision of two vessels. «Slight contact» was made after liquefied natural gas (LNG) carrier BW Lesmes made a sudden stop due to a technical failure that coincided with a strong current that drove oil tanker Burri towards it, authority chairman Osama Rabie said. The canal authority responded by sending tugboats to move both ships, he said. Singapore-flagged BW Lesmes was successfully towed outside of the waterway, Rabie said, while Cayman Islands-flagged Burri could be seen approaching the southern end of the canal as of 12:00 pm local time, according to ship tracker MarineTraffic. The canal's north convoy will resume once Burri is towed, Rabie said. BW LNG AS, operators of BW Lesmes, reported the vessel ran aground transiting southbound through the Suez Canal at approximately 21:35 (1835 GMT) on Tuesday, BW Group said in a statement. The low speed collision did not affect the vessel's operational capabilities and the vessel «remains structurally sound,» it added. BW Lesmes was successfully re-floated at 03:30 a.m. local time on Wednesday and would undergo further inspections at Suez anchorage. The Suez Canal chairman said there did not appear to be any significant damage or pollution but that Burri had a steering failure that would require repair. TMS Tankers, which manages Burri, did not respond to requests for comment. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia. About 12% of the world's trade moves through the canal.

Wednesday shaped up as a big day in the bond market with a range of deals coming to market.

Jio Financial, Vodafone Idea, Adani Energy, Hindalco, Piramal, TVS Supply Chain are among stocks likely to be in focus todayAsian markets traded on a mixed note on Wednesday as investors assess private business activity surveys from Australia and Japan, as well as inflation figures from Singapore. A flat end on the Wall Street also weighed on sentiment.Traders are now awaiting Nvidia Corp.’s results later Wednesday, which are set to test the fervor around the artificial-intelligence hype, while wider markets are marking time ahead of a speech from Federal Reserve Chair Jerome Powell on Friday.MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1%, hovering not far away from its nine-month trough hit just two sessions ago.

Climate-related investments at KKR will now be overseen by a trio of leaders after the firm hired a new co-head of its climate strategy.

Thaksin Shinawatra on Tuesday set foot on home soil for the first time since 2008, returning from self-exile to a Bangkok jail just hours before his allies attempt to form a government after weeks of political deadlock. Thaksin, the billionaire figurehead of the populist juggernaut Pheu Thai Party, fled abroad 15 years ago before he was jailed in absentia for abuse of power, two years after the military overthrew him and accused him of corruption and disloyalty to the powerful monarchy, which he denied. Thaksin appeared briefly with family members at a private jet terminal at Bangkok's Don Mueang airport, smiling and waving to hundreds of ecstatic supporters, before he was escorted by police to the Supreme Court, then to a prison to serve a term of eight years. As he emerged from the airport wearing a black suit, red tie and yellow lapel pin bearing a royal insignia, Thaksin bowed to the crowd in a traditional «wai» greeting before kneeling to pay respects before a portrait of the king and queen. «For the past 17 years, you felt isolated, lonely, troubled and missing home but you persevered,» said Thaksin's sister Yingluck, whose three-year stint as prime minister also ended in a coup, a criminal conviction and self-exile. «I will be strong and persevere.

Virgin Australia boss Jayne Hrdlicka has called on the government to reconsider its decision to block Qatar Airways from adding flights to east coast cities, saying it would have an immediate impact on reducing fares and boosting tourism.

Airport on Monday announced on Saturday that all the scheduled international flights from the airport will leave from Terminal 2 from August 31 onwards. In a post on social media platform X, Bengaluru Airport noted, “We are happy to announce that commencing 10:45 am on August 31, 2023, all scheduled International flights will arrive and depart from Terminal 2." Bengaluru Airport noted in the tweet noted that passengers can download the BLR Pulse app for information related flights and estimated queues and wait times.

The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution License (MPI) to the popular cryptocurrency exchange Blockchain.com. With this license, the platform will be able to provide digital payment token services to institutional and accredited investors. On August 7, 2023, it was disclosed that the application had been approved, and on August 1, 2023, the license was issued.

Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading Commission-regulated derivatives exchange. 

Australia’s largest integrated provider ofcancer care, Icon Group, backed by private equity firm EQT, is expanding its services into the UK after penning a new deal with Nuffield Health, the nation’s biggest healthcare charity.

Narendra Modi came to power in 2014. From being a net importer, India has become a net exporter of handsets. Elsewhere in Asia, the contest is over semiconductors.

Singapore buyout group Southern Capital is preparing to test buyer appetite for its medical practices business, Qualitas Health, appointing Bank of America to assist with the transaction.

India and the 10-nation bloc Asean on Monday said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025. The issue was discussed during the twentieth AEM (Asean Economic Ministers)-India Consultation meeting, held at Semarang, Indonesia. According to a joint media statement, the meeting welcomed the progress of the review of the Asean-India Trade in Goods Agreement (AITIGA).

By Jeslyn Lerh and Jacob Gronholt-Pedersen