Singapore Financial News

10.07 / 21:07

Twitter regulation From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10

Last week saw more rules and regulations emerge regarding digital assets. Thailand’s Securities and Exchange Commission issued new rules requiring digital asset service providers to warn customers of risks associated with cryptocurrency trading. The warning message must be clearly visible, and before customers can use the service, the business operator must arrange for the users to give consent and acknowledge the risks. Apart from a trading risks disclaimer, the new guidelines prohibit service providers from using customers’ funds for lending or investment.

10.07 / 17:11

business hacks Gaming user data Gaming gear maker Razer hacked, user data, encryption keys for sale online: Report

A post appeared on a hackers’ forum on July 8 offering information allegedly hacked from gaming hardware maker Razer.

10.07 / 14:05

Provident Progressive Platform Strategy Mobile Enterprise stake Tata Communications to buy balance stake in Singapore's Oasis Smart Sim for Rs99.3 crore

Tata Communications International Pte Ltd., a wholly owned unit of Tata Communications, has signed a share purchase agreement to buy the remaining nearly 42% stake of Oasis Smart Sim Europe SAS for Rs 99.3 crore ($ 12 million). Tata Communications had acquired a majority stake (58.1%) in Oasis Smart Sim Europe SAS in 2020. “The transaction enables TCIPL to gain complete 100% equity shareholding in Oasis Smart SIM Europe enabling Tata Communications to accelerate and augment Tata Communications MOVE platform roadmap for global markets,” the company said in a stock exchange notice Monday.

10.07 / 14:01

Blockchain Provident Digital Platform Gap Enterprise Harmonic Regulatory compliance compliance regulatory Implementing tokenized securities for regulatory compliance

Tokenization, today, is no longer a buzzword but a phenomenon that needs more comprehension. Over the years, on-chain tokenized securities have gained acceptance among the big shots of the finance sector that want to leverage it for newer investment opportunities.

10.07 / 13:59

Target CEO Platform Consumer benefits marketplace Thriwe targets Rs 1000 crore in revenues by 2025

Thriwe, a consumer benefits marketplace, said it will achieve annual revenues of Rs1000 crore by 2025, driven by travel boom and expansion in newer markets. At present, Thriwe has covered nearly 70% of the market in India and UAE and the company is planning to expand its business in Middle East and SouthEast Asian countries, which have high potential and sizable markets. «We are increasingly adopting AI tools in understanding the needs of the customer.

10.07 / 09:39

Strategy Executive Nomura India executive chairman Vikas Sharma steps down

Also read: Nomura India's head of investment banking steps down: Report Having completed his education at Manipal Institute of Technology and holding an MBA from the Asian Institute of Management in Manila, Vikas Sharma possesses more than 25 years of experience in the banking and consulting industry. During his tenure as an investment banker, he focused on the technology, media, and telecom (TMT) sector across Asia, reported Economic Times.

10.07 / 08:20

UPS Reuters Manufacturing Google Browser Thailand's investment pledges jump 70% in H1, China tops FDI

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09.07 / 18:53

COST UPS Provident Aviat Airlines Airlines seek tech to curb emissions: Sita

New Delhi: Indian airlines are in discussions with aviation technology service provider Sita to adopt solutions for reducing carbon emissions and increasing fuel efficiency, said Sumesh Patel, president of Asia Pacific, Sita, in an interview. “We are in discussions with Indian airlines to look at various solutions, which can help them in operational efficiency and reduce carbon footprint.

09.07 / 18:53

UPS Target DPIIT identifies 106 firms across sectors from 30 countries under strategic investment targets

PTI. "An outreach was conducted through the ministry and meetings and video conferences are being set up with the leadership of these companies," the news agency quoted an official as saying, who added there is also a plan to engage with people of Indian origin (PIO) under the initiative.

09.07 / 14:27

UPS Provident Target Extreme Fake job offers are on the rise! Pay attention to these red flags

Layoffs are on the rise and with it, people are also becoming victims of various kinds of job scams. Recently in Delhi, the police arrested impostors who duped people on the pretext of providing a job in the Airports Authority of India. In another case, a Maharashtra woman lost Rs 15 lakh in a work-from-home job scam. And mind you, these scams are not just restricted to India.

09.07 / 08:49

UPS Target Waters Action Sri Lanka marks first anniversary of July 9 people's uprising

Sri Lanka on Sunday marked the first anniversary of the historical people's uprising against the previous government's mismanagement of the country's economy which has seemingly ended the Rajapaksa family's hold over power. The radical Inter University Students Federation has called for protest action at universities today marking the anniversary. The uprising forced the then President Gotabaya Rajapaksa to flee to the Maldives as tens of thousands surrounded his official residence demanding his resignation as president for steering the country to its worst economic crisis.

09.07 / 06:25

CEO Mobile 'Be like a potato': Sebi chief Madhabi Puri Buch's advice to IIM Ahmedabad students

Madhabi Puri Buch, chairperson of capital market regulator Sebit told the incoming students of IIM Ahmedabad at a recent event. Madhabi Puri Buch, an IIM Ahmedabad alunmus, took charge as chairperson, Securities and Exchange Board of India, last year. She had earlier served as whole time member of the market regulator and had handled Market Regulation Department, Market Intermediaries Regulation & Supervision Department, Integrated Surveillance Department, Investment Management Department, Department of Economic & Policy Analysis, Office of Investor Assistance & Education, National Institute of Securities Markets and Information Technology Department.

08.07 / 08:15

COST UPS Provident Extreme Manufacturing Warning China Controls Minerals That Run the World—and It Just Fired a Warning Shot at US

SINGAPORE—China’s decision this week to restrict the export of two minerals used in semiconductors, solar panels and missile systems was more than a trade salvo. It was a reminder of its dominant hold over the world’s mineral resources—and a warning of its willingness to use them in its escalating rivalry with the U.S. Around two-thirds of the world’s lithium and cobalt—essential for electric cars—is processed in China.

08.07 / 06:47

Man Discover Singapore man hospitalized after swallowing an octopus tentacle, prompting urgent medical intervention

Singapore's renowned Tan Tock Seng Hospital after encountering severe swallowing difficulties and persistent vomiting subsequent to consuming a meal with octopus in it. However, what unfolded during the subsequent investigation astonished doctors as they discovered a partially devoured octopus ensconced within the patient's esophagus.

08.07 / 06:03

Binance Digital Platform Action Continental Luno end South Africa Sets Year-End Licensing Deadline for Crypto Exchanges

According to Bloomberg, South Africa has mandated that all crypto exchanges operating within its borders must secure licenses by the end of the year. The Financial Sector Conduct Authority (FSCA), the country's financial regulator, has already received approximately 20 applications since the licensing process was initiated a few weeks ago.

08.07 / 04:21

UPS Reuters Ford CEO Strategy Tesla Customer Tesla debuts customer referral in EV war's next move

ClimateDepot publisher Marc Morano discuss the EV push and how Ford is preparing another round of layoffs on ‘The Bottom Line.'

07.07 / 16:37

UPS Target SUN Mobile Indian rights Indian Oil Corp to raise up to Rs 22,000 crore via rights issue

Indian Oil Corp plans to raise up to Rs 22,000 crore through a rights issue as part of the government’s plan to fund three state-run oil marketing companies’ green ambitions, according to a stock exchange filing. The Board of Indian Oil on Friday approved the rights issue. The details will be announced later.

07.07 / 15:55

Progressive Career Airlines Align CCI seeking more info on AI-Vistara merger is normal, important part of evaluation process: Campbell Wilson

Air India chief Campbell Wilson on Friday welcomed the Competition Commission seeking more information on the airline's proposed merger with Vistara and said it is a «normal and important part of the evaluation process». The Competition Commission of India (CCI) has asked for more details with respect to the proposed merger, which was announced in November last year, and approval from the regulator was sought in April this year.

07.07 / 06:43

Disney Platform Metro Disney+ Hotstar announces new show with Kajol ‘The Trial’

New Delhi: Disney+ Hotstar, the video streaming platform owned by the Walt Disney Co, has announced that its new show, The Trial starring Kajol, will stream on 14 July. Over-the-top streaming platforms are increasingly relying on the innate urge of Bollywood A-listers to find an audience and reach out to the masses, to expand their subscriber base, said media experts.

06.07 / 22:49

Adoption security Tokens DLT UK government Future Financial Gaining speed on tokenization is vital for UK’s financial future, banking group warns

Advocacy group UK Finance is urging the British government to encourage securities tokenization. The market is small now, but the future stakes are high, it said.

06.07 / 18:43

COST UPS Citi Waters Continental What making the rupee globally acceptable will require on India's part

RBI, which is supposed to have the last word on rupee? The letter made no difference. Punters had the last laugh. Those days, RBI either sharply reacted to such phenomena, or shut its eyes when there was nothing it could do — as it refused to acknowledge the flourishing non-deliverable forward (NDF) market in Singapore, London and New York where big banks took positions on `/$ forwards and settled the trade in dollars.

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