Singapore Financial News

A report by a U.N. expert on human rights says that Thai banks have become the main supplier of international financial services for Myanmar’s military government, enabling it to purchase goods and equipment to carry out its increasingly bloody war aga...

Global Liveability Index 2024. Find out which cities make the cut and why they shine as the best places to call home. For the third year in a row, Vienna, Austria, has been crowned the world's best city to live in. With flawless scores in stability, healthcare, and education, Vienna is lauded for its unparalleled mix of cultural vibrancy and top-notch public services. Meanwhile, according to the report, Pakistan’s Karachi, and Bangladesh’s capital Dhaka are amongst the least liveable cities in the world as they feature in the bottom 10 of the list.

clean-tech investment firm founded by Bill Gates, Breakthrough Energy, needs to fund more companies in the developing world, Executive Director Rodi Guidero said. Breakthrough manages $4.5 billion it devotes to technology companies trying to cut greenhouse gases. But of the firm’s 165 portfolio companies, only a handful are based outside North America and Europe, Guidero said Wednesday on Bloomberg TV. “We need to expand that,” Guidero said. “Innovation has to happen everywhere.”

Affle Holdings PTE sold shares of Affle (India) Ltd worth 322.5 crore in a bulk deal on NSE Wednesday. The promoter sold 25 lakh shares at 1,290 each.

Blockchain data infrastructure Covalent has announced the successful closing of a $5 million strategic funding round.

Crypto exchange Bitget, in collaboration with Singapore-based investment firm Foresight Ventures, is launching a $20 million TON Ecosystem Fund.

MVN Aero One has leased the largest co-working space to date to Spring House, spanning 3 lakh sq ft, at its upcoming MVN Aero One Mall located at Sector-37 D, Dwarka Expressway, Gurugram. This partnership ushers in a transformative era of work and lifestyle integration, setting a new benchmark in the commercial real estate sector in India, the company said on Tuesday.

Financial Action Task Force (FATF) is likely to be taken up by the inter-governmental body after the plenary session which starts from June 26 in Singapore, said officials aware of the matter. The focus will be on the number of money laundering cases registered by the Enforcement Directorate (ED). The report on India's anti-money laundering and counter-terror action will be released on June 28, they added. According to officials, the last mutual evaluation was conducted in 2009 and was delayed due to the Covid-19 pandemic. According to FATF, the international policy making body conducts mutual evaluations of its member countries by evaluating levels of implementation of the FATF recommendations. The main sources of money laundering in India result from a range of illegal activities committed within and outside the country, mainly drug trafficking, fraud, counterfeiting of Indian currency, transnational organised crime, human trafficking and corruption. The CBI and ED are among the lead agencies investigating cases of corruption and money laundering. The Prevention of Money Laundering Act, 2002 came into force in 2005 and was amended in 2009. According to ED, it has recorded 5,906 Enforcement Case Information Reports, of which 3,867 cases were registered in the past five years till March 31, 2023.

Bitcoin layer-2 developer Alex Lab has indicated that the $4 million exploit it suffered in May is most likely linked to the infamous North Korean hacking consortium, Lazarus Group.

1. Growth Hackers2. Atta Systems3.

Akhila Chaganti is an Associate in the Product Management team for Securities Services in the Corporate Bank at Deutsche Bank Singapore. She graduated from the National University of Singapore with a major in Economics in 2020 and joined Deutsche Bank’s Graduate Programme a few months later. This is what a typical day looks like for her.

This is some very bullish news for meme coins from the Wall Street Journal– an article from late May headlined, “The Loneliness of The American Worker.” The news? “More than 40% of fully remote workers polled in a 2023 survey of working parents by Bright Horizons said they go days without leaving the house,” according to the WSJ.

Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track the upcoming monetary policies, the G7 summit held in Italy, and how rising temperatures are ringing alarm bells.

The value of Rizz memecoin plummeted by 90% in minutes after the founder of the cryptocurrency went in a live presentation on X.com.

shipping sector, spelling trouble for businesses in the city-state. The bunching up of container vessels outside one of the world’s busiest maritime trade hubs — caused by ships avoiding the Red Sea due to Houthi rebels’ attacks — means there’s more cargoes trapped in shipyards for longer. That’s pushing freight rates ever higher, with no immediate end to the congestion in sight. For the manufacturers and exporters needing to get their finished products out of the city-state, that means there may be little choice other than to hold on to their inventories longer than they’d like to.

The Monetary Authority of Singapore (MAS) has released a new money laundering risk assessment report, labeling crypto tokens and service providers under “high risk” financial sectors.

Singapore’s recently updated Money Laundering National Risk Assessment (NRA) has raised concerns regarding the increased vulnerabilities posed by digital payment token (DPT) service providers.

rich plan to migrate to another country, most of them choose the United Arab Emirates and particularly Dubai, which is one of the Emirates. A report by Henley & Partners, an international investment migration advisory firm, says approximately 4,300 millionaires are projected to leave India this year. And most of them are headed to the UAE. However, it's not that India's rich are in a hurry to leave the country. It's only a small number of rich Indians. «India continues to lose large numbers of millionaires, especially to the UAE. However, in our view these outflows are not particularly concerning as India continues to produce far more new HNWIs than it loses to emigration. Furthermore, the bulk of the millionaires who leave India tend to retain business interests and second homes in the country, which is a positive sign,» says the report. Why the UAE has such a pull for rich Indians The UAE is a bigger attraction for India's rich than other popular destinations for migration, such as Australia, Singapore, Israel, Switzerland, the US, Canada, New Zealand and the UK.

Russian President Vladimir Putin is in Vietnam to strengthen ties with its longtime partner in Southeast Asia at a time when Moscow is facing growing international isolation because of its military actions in Ukraine

Mint. Around 50-60% of the new centers would be set up in these states, he added. The move aims to expand IPPB's digital payment channels to serve its 90 million customers.Transactions by IPPB customers have increased tenfold to 10 million per day over the past three and a half years, with 80-90% of these transactions serving its rural customer base, and 5-10% catering to semi-urban areas.

demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose. Brent crude futures for August, due to expire on Thursday, were up 20 cents to $85.53 a barrel by 1235 GMT, while the more active September contract gained 21 cents to $84.74.