Singapore Financial News

After France, UAE and Singapore, now our southern ... moreAfter France, UAE and Singapore, now our southern neighbour Sri Lanka is also set to accept India's Unified Payments Interface.

A feature of modern popular culture is its ability to elevate certain individuals from their real-life plane of equality with their fellow humans and ascribe to them attributes fit for a superhero rather than a mere mortal. The media created stars and superstars in the 20th century as well, but the era of social media seems to have spawned a colossal celebrity that transcends borders, bringing inflation and much else in its wake.

By Florence Tan

One of the world’s biggest airlines, Turkish Airlines, has been forced to put its plans of expanding services into Australia indefinitely on hold after it failed to win government approval in time for an expected launch of highly sought after capacity to Europe from Melbourne and Sydney.

2023 is a busy one for the Indian space agency launching rockets and satellites as well as testing various systems to power future rockets for its human space mission. While the first half of 2023 saw four rocket launches carrying Indian and foreign satellites, the second half began with the Chandrayaan-3 mission with several others in the pipeline. The Indian Space Research Organisation (ISRO) is gearing up for a commercial launch — carrying third party satellites to orbit for a fee — with its Polar Satellite Launch Vehicle (PSLV) later this month.

Ashneer Grover, the ousted co-founder of BharatPe, proudly revealed that his wife, Madhuri Jain Grover, stands as one of the highest female taxpayers in the country. This financial year, she contributed a substantial amount of Rs 2.84 crores in advance tax, sourced from her successful investments in startups. This isn't the first time Ashneer Grover has expressed pride in his wife's tax-paying prowess.

Air India will lease three Boeing 777-300 ER from Singapore Airlines as it expands its fleet modernisation strategy. These aircraft are in addition to the 11 777 leased aircraft and will be used to phase out the older 777-200 aircraft which were inducted in 2009. These aircraft have older cabins and often have been subject of passenger ire due to crumbling seats, broken lavatories and dysfunctional seat-back entertainment screens.

Cryptocurrency exchange Bitget is set to expand its operations to the Middle East, with plans to hire up to 60 new staff members in the region.

India became the first country to make CSR mandatory, and today, more than 80% companies in India have CSR programmes. This is more than what is reported from Malaysia, Japan, South Korea, Thailand, Singapore and the Philippines, even though they are more prosperous than India. Yet, India's CSR programmes are underestimated at the global level.

If you're one of the bankers who left Hong Kong between 2019 and 2022 and who went to live in Singapore, I bet you're not feeling so smug now.

The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot.

₹2000 every month to the women heads of families.A post shared by Priyanka Gandhi Vadra (@priyankagandhivadra) Soon after she dropped the pictures, her followers swamped the comment section with red hearts and fire emoticons. “This shows simplicity can bring people closer to you," a fan commented. Another fan wrote, “Brave girls!!“ Earlier, the airlines became the only Indian carrier in the list of the World’s top 10 most active airlines.

UPI) technology will now be accepted in neighbouring Sri Lanka. Apart from UPI's acceptance, several agreements were also exchanged between India and Sri Lanka in the presence of Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe in the national capital on Friday. In India, the UPI payments system has become hugely popular for retail digital payments and its adoption is rapidly increasing across the world.

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TikTok struck a partnership with «buy now, pay later» service Atome to offer installment payments on its e-commerce marketplace in Malaysia, the latest in the company's e-commerce push into Southeast Asia.

Azure Power Global's CFOs Sugata Sarkar and Pawan Kumar Agrawal assured bond holders in Singapore that the company should be able to publish its long-delayed results within 14 weeks and avoid a technical default. The company, majority-owned by Canadian pension funds CDPQ and OMERS Infrastructure, has until the end of this month to appeal the NYSE's delisting order, with the final decision expected after a potential three-month process.

By Rae Wee

US Democratic presidential candidate Robert F. Kennedy Jr. has said he is in favor of a tax exemption on Bitcoin (BTC), while also unveiling a plan to partly back the US dollar with “real, finite assets” like Bitcoin.

₹71,235 crore compared with ₹23,584 crore in the same period in 2022, as per the ministry. To put in perspective, India earned a total of ₹2.1 trillion in foreign exchange from tourism in 2019, an increase of 8.3% year-on-year. Going by the latest data, experts believe India is well placed to meet 2019 foreign exchange earnings from the tourism industry.

Singapore-India Hackathon, jointly organised by India's Ministry of Education's All India Council for Technical Education (AICTE) and Nanyang Technological University, Singapore (NTU Singapore). In a message from PM Modi, he said, “The mantra of the G20 Presidency, ‘One Earth, One Family, One Future’, is Vasudhaiva Kutumbakam. The Singapore-India Hackathon is an initiative that encapsulates this noble thought." India’s Minister for Education, Skills Development and Entrepreneurship, Mr Dharmendra Pradhan, and Singapore’s Deputy Prime Minister, Mr Lawrence Wong presented the prizes to winning teams of the student and start-up categories. Minister Pradhan highlighted at the awards ceremony: “Singapore is a knowledge-based economy.

By Doyinsola Oladipo