Singapore Financial News

Singaporeans are increasingly viewing  Bitcoin  in a favorable light, thanks to the recent approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.

Aurobindo Pharma on Thursday said the deadline for negotiations between its arm CuraTeQ Biologics and Merck Sharp & Dohme Singapore for contract manufacturing operations for biologicals has been extended till May next year. Last year in October, CuraTeQ Biologics Pvt Ltd and Merck Sharp & Dohme Singapore Trading Pte Ltd and its affiliates (MSD) had signed a letter of intent (LoI) for contract manufacturing operations (CMO) for biologicals, whereby the parties intended to conclude the negotiations by March 31, 2024. «In this regard, we further inform you that said negotiations are yet to be concluded and the parties to the LoI have agreed to extend the timelines with the intention to conclude the said negotiations by May 31, 2024,» Aurobindo Pharma said in a regulatory filing. As per the LOI, CuraTeQ proposed to serve the US-based biopharmaceutical company through its contract manufacturing subsidiary, TheraNym Biologics Pvt Ltd.

Dali moments before impact," the Foxford Comics’cartoon was captioned on microblogging platform X (formerly known as Twitter). The cartoon also has the audio of people swearing at each other in a strong Indian English accent. But these cartoons were far from reality, The Singapore-flagged ship 'Dali' had actually suffered a "power issue" and issued a distress call moments before the crash, officials said.

Here’s what to know about the cargo ship that crashed into Baltimore’s Francis Scott Key Bridge, causing it to collapse and leaving six construction workers presumed dead

₹55 crore (£5.25 million) or more. The apartment, held by a trust, is now allowed to be sold after a March 27 high court ruling in the UK. Trident Trust Company (Singapore) was the claimant in the case, which had representations from the Enforcement Directorate (ED).

The OKX API has recently been plagued by a technical glitch that has left users in Singapore, Japan, and the United States with incorrect account balances.

Hamas militants launched an attack in southern Israel, killing and abducting scores of its citizens. It has since then escalated into a full-fledged war in Gaza. Israel said it would continue the offensive until all hostages are released and Hamas is destroyed.

Indian crew manning a cargo ship, Dali, which collided against a bridge in Baltimore has suffered a «minor injury» while the rest are all safe aboard the vessel, owners of the Singapore-flagged ship said on Wednesday. The 2.6km-long, four-lane Francis Scott Key Bridge over the Patapsco River in Baltimore, came crashing down after Dali, a 984-foot cargo ship, collided against it in the early hours of Tuesday.

Alberta Investment Management Corp., one of the largest Canadian institutional investors, is increasing its Asia exposure by tapping into investments including infrastructure.

Crypto miner Bitdeer is in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity.

SINGAPORE—Netflix’s newest high-powered sci-fi drama, “3 Body Problem," is one of the biggest cultural events to come out of China in years. After watching it, many in China say they wish the producers of the show had taken their country out of it entirely. “3 Body Problem" is the long-awaited adaptation of a critically acclaimed series of science-fiction novels by Chinese writer Liu Cixin.

Baltimore bridge collapse: US says ‘path to normalcy will not be easy’ There was no indication of terrorism, police said. The metal truss-style bridge has a suspended deck, a design that contributed to its collapse, engineers say. The ship appeared to hit a main concrete pier, which rests on soil underwater and is part of the foundation.

NEW DELHI : Actis Llp’s BluPine Energy, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy, Torrent Power and JSW Group are exploring to buy Brookfield Renewable’s 1.6 gigawatt (GW) portfolio in India, two people aware of the development said. The deal is expected to have an equity value of around $800 million. JP Morgan is running the sale process for the 1.6 GW capacity, of which 1 GW is operational, while the balance 600 MW is under execution.

foreign direct investment (FDI) inflow into the information and broadcasting (I&B) sector, including print media, dropped 78% to ₹332 crore during Q3 of FY24 compared with ₹1,535 crore in the corresponding period last year. According to data published by the Department for Promotion of Industry and Internal Trade (DPIIT), the sector received FDI worth ₹6,390 crore in the first nine months of FY24, compared to ₹2,925 crore in the same period in FY23. The FDI inflow into the sector stood at ₹4,893 crore and ₹1,165 crore in Q1 and Q2 of FY24, respectively.

By Lisa Shumaker

Recognizing the potential benefits of Bitcoin‘s role as a portfolio diversifier, asset managers have been actively increasing their Bitcoin allocations.

Hong Kong has increased the income tax paid by anyone earning over $640k and above to 15%, but compared to Singapore, Hong Kong looks generous. In Singapore, income tax is 15% from $89k and 22% from $237k and above.

By Rae Wee

first hauled to court two months ago on two graft charges, 24 charges of receiving gifts as a public servant and one of obstructing justice. Iswaran, 61, pleaded not guilty to obtaining 10 bottles of whisky, 12 bottles of wine and other items from November 2021 to November 2022 from Lum Kok Seng. The items were worth a total of nearly 19,000 Singapore dollars ($14,000).

ready-to-eat market in India is likely to grow about 45% over the next five years, making the country a great investment opportunity in the segment, Stanley Goh, CEO of Singaporean airport service provider SATS Food Solutions told ET. «As the SATS solution group, we have always seen India as a culturally diverse market. Indian consumers today are more receptive to higher culinary standards. With the rise in interest in categories like ready-to-eat and ready-to-heat, as well as the convenience segment, we believe there is a huge potential for growth and we can put the decade-long experience we have in the Indian market to good use,» he said. The food and gateway services provider's Indian subsidiary, SATS Food Solutions India, will be employing about 300 people in its newest facility in Bengaluru's Kempegowda International Airport, India CEO Sagar Dighe told ET.

By Jody Godoy