Singapore Financial News

India has doubled its share of global commercial services exports to 4.4 per cent in 2022 from 2 per cent in 2005, according to a World Bank and World Trade Organisation (WTO) report. "China and India doubled their share of global commercial services exports from 2005 to 2022, from 3.0 per cent to 5.4 per cent, and from 2.0 per cent to 4.4 per cent, respectively," it said.

Singapore'sOversea-Chinese Banking Corporation has set its sights on «longer term opportunities» in Greater China and Southeast Asia and expects the strategy to bring an additional revenue of $2.2 billion by 2025, CEO Helen Wong told CNBC on Monday.

Elon Musk-led Twitter was hit by yet another lawsuit last week over non-payment of bills and rent. Australian project management firm Facilitate Corp has sought about A$1 million ($665,000) from Twitter over work done in four countries in the past year. The revelation came even as Twitter was forced to limit the number of posts users could see each day in a bid to lessen strains on Twitter’s servers.

Go First Airlines have agreed to infuse fresh funds to revive the carrier, an order from the Singapore arbitration court expected later this month is crucial for Go First's survival. If the court does not grant Go First relief and direct Pratt & Whitney (P&W) to replace faulty engines, the airline cannot fly, possibly putting the whole recovery process into jeopardy, people familiar with the process said. While the Singapore International Arbitration award had directed P&W to dispatch around 20 engines by December 2023, the engine maker had subsequently challenged it citing payment failure by the airline and the ongoing global supply chain shortage.

Six months after Singapore-listed Keppel Infrastructure Trust ditched the $2 billion sale of its Australia and New Zealand chemicals business Ixom, it’s back on the dealmaking circuit – this time with a trip to debt capital markets.

commercial services exports to 4.4% in 2022 from 2% in 2005, the World Bank and World Trade Organization (WTO) said Monday. In a report titled ‘Trade in services for development’, they said that in India, South Africa and Türkiye, jobs directly linked to cross-border services exports account for more than 10% of total services sector jobs.

SGX Nifty, the Singapore Exchange-traded futures on Nifty 50 Index, turned to GIFT Nifty on Monday. Accordingly, all the open positions in SGX have been shifted to Gift City.Nithin Kamath said the shift will add momentum to GIFT City becoming a true international financial centre. «If we could also find a way to allow NRIs to easily invest in India through GIFT, I think we can attract a lot of capital.

Singapore’s central bank is introducing new measures to improve investor protection and market integrity in the cryptocurrency industry.

In addition to sharing knowledge, networking and staying on top of industry trends, blockchain events also serve as the foundation for Web3 adoption. While these events can take a variety of forms, from a hackathon to a tradeshow and speaker format, the reality is that these events are often an important showcase for real-world use cases, success stories and practical implementations of blockchain technology. By seeing these tangible examples of how Web3 is impacting industries and solving complex problems, many industry professionals are given the foundation they need to build on and gain trust and confidence in the technology.

Non-Resident Indians (NRIs) play an instrumental role in bolstering India’s economy. With inward gross remittances, they are fueling the country’s investment scenario and fattening foreign exchange reserves. Being a progressive economy, India has established itself as a leader in inward remittances by becoming the first country to touch the $107.5-billion mark in 2022.

Singapore might not be as amazing for foreigners after all.

Going to the right university is as important to your potential career in finance as drinking water, eating food, or even breathing. But which universities are best? It’s a question that has plagued students for years.

Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the market and protect investors from potential losses. 

Piyush Gupta has led one of Singapore’s most iconic institutions, the bank that helped turn the Southeast Asian city-state into one of the richest countries in the world. In his time as chief executive officer at DBS Group Holdings Ltd., Gupta has built the lender into Singapore’s largest listed company, moved early into wealth management and other key business areas and delivered equity returns that outstrip global peers.

«So naturally, people have now larger exposure, even in debt for the Indian economy. That is where basically they may want to have hedging instruments, like corporate bond index futures or even government bond futures,» says Ashish Chauhan, MD & CEO, NSE.For NSE it is like Diwali has come three months early right, it is that kind of a moment.In a way this was a long cherished dream to bring the markets on shore from where they had gone which is called offshoring and of course there were strategic reasons for a country to have pricing of its assets, especially important assets like markets and that is what the IFSC was created for to compete with the best and the brightest international services zone like Singapore or Dubai or Hong Kong.

SYDNEY (Reuters) — An Australian project management firm has filed a lawsuit against Twitter Inc (NYSE:TWTR) in a U.S. court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries, court filings showed.

Monday will mark the beginning of trading in GIFT Nifty, the new avatar of SGX Nifty — the globally popular derivatives contract on NSE's Nifty index that till Friday was traded on the Singapore exchange (SGX). From Monday, these same derivatives contracts of SGX will start trading on the NSE's international exchange at Gujarat's International Financial Services Centre (IFSC). This shift of the bourse from Singapore to India

By Ankur Banerjee

Guwahati has witnessed a 15 per cent rise in passenger footfall in June this year to almost five lakh travellers, an official said on Sunday. A spokesperson of the Adani Group-controlled facility said the LGBI Airport in Guwahati recorded a footfall of nearly five lakh passengers in June 2023, witnessing a sharp increase from the corresponding month of the last year.

SGX Nifty, the Singapore Exchange Ltd.-traded futures on India’s key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City, the new financial hub in the western Indian state of Gujarat. The switch from SGX to the NSE International Exchange at GIFT or Gujarat International Finance Tech-City also highlights partial success of the Prime Minister Narendra Modi-led administration’s attempts to attract India-centric trading that had moved to global financial centers such as Dubai, Mauritius and Singapore to its shores.

The Sensex and Nifty gained nearly 3% each in the week gone by, and market experts see room for more upside in the week ahead. “If global markets support further, we may see Nifty entering the next cluster of around 19250-19500,” said Sameet Chavan, head — technical and derivatives research, Angel One. On Friday, Nifty 50 and Sensex ended at record closing highs of 19189.05 points and 64718.56 points, respectively.