Singapore Financial News

17.08 / 10:57

Art NFT McDonald's Polygon Non-fungible tokens Option McDonald's Offers Exclusive Grimace NFTs: Collectible, But No Trading Option

McDonald's Singapore has teamed up with crypto infrastructure startup Bandwagon Labs and local non-fungible token (NFT) artist 'The Hidden Walls' to launch Grimace digital collectibles - soulbound tokens and keepsakes that can be minted for free, but not traded or transferred.

17.08 / 07:37

COST UPS FIVE Manufacturing country social Japan sank into a trade deficit last month as exports dropped, especially to other Asian nations

Japan suffered a trade deficit last month as exports sank for the first time in two years and five months, dragged down by a slowdown overseas

17.08 / 06:09

UPS Provident CEO Veda performer country hospital Indian Indian eye hospital chain Dr. Agarwal's raises $80 million from TPG, Temasek; shares rise as much as 10.3% after news

Health Care has raised $80 million from existing investors Singapore's Temasek and U.S.-based TPG The fundraise will provide significant capital to fuel the company’s expansion plans. The company plans to deploy capital to expand the current network of 150+ centres to over 300+ centres in the next 3 years. The company has new projects in development in Mumbai, Punjab, central and northern India, among others.

17.08 / 05:17

UPS Citi Southern country hospital Indian Indian eye hospital chain Dr. Agarwal's raises $80 million from TPG, Temasek

Dr. Agarwal's Health Care said on Thursday it raised $80 million from existing investors Singapore's Temasek and U.S.-based TPG as the Indian eye hospital operator plans to double its hospital count. The top shareholder of publicly listed Dr.

17.08 / 04:47

UPS Lowe's Reuters Gap show Support Chinese yuan Asia FX dips on Fed concerns, Chinese yuan sees intervention support

Investing.com-- Most Asian currencies fell on Thursday after the minutes of the Federal Reserve’s July meeting presented a hawkish outlook on interest rates, while the Chinese yuan rose amid reports of currency market intervention by the state.

16.08 / 18:33

COST UPS Target Aviat Strategy Simulation Schools Redbird Aviation eyes overseas flight schools

New Delhi: Pilot training institution, Redbird Aviation, is considering acquisitions of overseas assets, as a part of its expansion strategy to address increasing demand for pilots in India, and boost its fleet size. The company’s objective is to mitigate the impact of supply chain challenges on availability of aircraft, senior executives of the company said. “We acquired a flying school in Colombo, Sri Lanka, which has seven airplanes.

16.08 / 16:59

UPS FIVE Cooper show country NRIs sent $112 bn home in FY23, most in 5 years

NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.

16.08 / 13:15

Adoption Europe European Union From the U.S. to Japan, regulators are beginning to embrace crypto

When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States' action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise.

16.08 / 12:27

Three Arrows Capital 3AC Singapore Court to Adjudicate DeFiance Capital's $140 Million Dispute with 3AC Liquidators

A judge in Singapore has decided that a $140 million legal dispute between bankrupt crypto hedge fund Three Arrows Capital’s (3AC) liquidators and investment firm DeFiance Capital will be heard in the city-state, against the will of the liquidators.

16.08 / 08:27

UPS Target Man voice A winner has emerged in the old rivalry between Singapore and Hong Kong

migrant workers who make up nearly a third of the workforce. Their contribution is a curious blind spot. Meanwhile, politics is tightly constrained, as is civil society: you may be arrested for holding up a placard with a smiley face.

15.08 / 18:57

UPS FIVE Racing Enterprise Shell ONGC, four others vie for Fortum projects

NEW DELHI : Oil and Natural Gas Corp. Ltd (ONGC) is in the fray for Finnish state-run power utility Fortum Oyj’s Indian solar projects totalling 185 megawatts (MW), two people familiar with the matter said, adding that the deal may have an equity value of around $130 million. Others in the race include Malaysia’s state-run oil and gas company, Petronas unit Gentari Sdn Bhd, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd, and private equity firm Actis Llp.

15.08 / 17:11

UPS Ethereum Digital Williams CEO Tether Bitcoin Singapore Red Cross Partners with Triple-A to Accept Cryptocurrency Donations

Singapore Red Cross, a prominent humanitarian organization, has announced a partnership with Triple-A, the first crypto payment gateway licensed by 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), to accept cryptocurrency donations. The partnership was revealed on August 7, 2023, just ahead of Singapore's National Day.

15.08 / 12:57

Manufacturing Pool DISH country Singapore allows restaurants to hire cooks from India to combat manpower shortage

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

15.08 / 11:13

BNI EMs under pressure give money managers a jolt

Argentina and Russia are giving money managers a brutal reminder this week of idiosyncratic risks in emerging markets.

15.08 / 09:47

Provident Digital Bitcoin Framework regulatory Singapore’s Central Bank Releases Regulatory Framework for Stablecoins

The Monetary Authority of Singapore (MAS), the city-state’s de-facto central bank, announced its revised regulatory framework for stablecoins, aimed to “ensure a high degree of value stability for stablecoins regulated in Singapore.”

15.08 / 09:37

Stablecoin regulation Singapore central bank says three business days is ‘timely transfer’ for stablecoins

While blockchains continue to revolutionize payments by allowing instant transfers, Singapore’s central bank believes that three business days is a "timely transfer" for single-currency stablecoins (SCS), which is similar to transfer speed requirements for domestic money transfers.

15.08 / 08:49

Digital COMPOSITE Framework regulatory Singapore rolls out new regulatory framework for stablecoins

The new rulebook will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency, that are issued in Singapore. Issuers of such SCS will have to fulfil key requirements relating to value stability - including information relating to their composition, valuation, custody and audit - new capital requirements and redemption and disclosure rules.The new rules have been designed to ensure an orderly wind-down of failing stablecoins schemes and full value returns to investors.Only stablecoin issuers that fulfil all requirements under the framework can apply to MAS for their stablecoins to be recognised and labelled as 'MAS-regulated stablecoins'.

15.08 / 06:35

Stablecoin regulation Altcoin Framework regulatory Singapore central bank releases regulatory framework for stablecoins

Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.

15.08 / 05:15

UPS COMPOSITE show reports Asian stocks Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate

Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy

15.08 / 03:13

Ethereum Stablecoin Adoption ETF PayPal Bitcoin Regulation Bitcoin analysts Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor

A potential wave of spot Bitcoin exchange-traded funds, PayPal’s new stablecoin and a key Ethereum upgrade are among the catalysts that could wake crypto from its hibernation.

14.08 / 19:37

Provident CEO Airlines Remark stage country More flights ‘good for travellers and exporters’

Exporters as well as travellers would benefit from expanding flights to Australia, especially from the Asia-Pacific and the Middle East, Melbourne Airport’s chief executive said.

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