Singapore Financial News

On December 4, the Singapore government revealed its ambitious National AI Strategy 2.0, an evolution of its first AI strategy introduced in 2019. This updated strategy delineates a comprehensive roadmap for the next 3-5 years, aiming to position Singapore at the forefront of AI innovation and application.

The Bank of Italy and the Bank of Korea have recently formalized their collaboration through a Memorandum of Understanding (MOU) signed on December 5, 2023. This partnership marks a pivotal moment in the exploration and potential implementation of digital currencies by central banks, reflecting a growing global interest in the digitization of national currencies.

General Atlantic sold a nearly 10% stake in KFin Technologies through the open market on Friday, making a profit of Rs 851 crore. The private equity major sold 1,70,00,000 shares of the company at Rs 500.25 apiece, according to bulk deals data. Shares of KFin Technologies ended 3.2% down at Rs 514.75 on the NSE.

funding round, according to data from Tracxn. This compares to $175 million raised by 31 companies in the same week a year ago. Sequentially, however, the latest week saw a 20% drop in terms of volume and a 4.8X jump in value.

By Laura Sanicola and Andrew Hayley

policy environment in 2024 have boosted most Asian currencies versus the dollar, but the rupee's gains have paled in comparison as the Indian central bank looks to build a reserves buffer and preserve export competitiveness amid a global scarcity of the greenback. On Thursday, the rupee closed at 83.3275 per US dollar, just 0.09% stronger than 83.4025/$1 at previous close. Meanwhile, currencies such as the Thai baht and the South Korean won notched up gains of around 2% versus the US dollar on Thursday while the Indonesian rupiah strengthened 1%, Bloomberg data showed. The Malaysian ringgit, the Taiwanese dollar, the Chinese yuan, the Philippine peso, and the Singapore dollar also outstripped the rupee's gains on Thursday, with the domestic currency extending the underperformance it showed versus its Asian peers last month.

Chinese e-commerce retailer Temu is suing rival Shein again

H-1B visa allows US businesses to hire foreign skilled labours in specialised occupations. The USCIS stated that it has received a sufficient number of petitions to meet both the regular cap of 65,000 and the US advanced degree exemption, commonly known as the master’s cap, set at 20,000. This means the allotted H-1B visas for fiscal year 2024 have been exhausted.

Israel regarding a possible replacement of Palestinian labourers with Indian workers. Minister of State for External Affairs V Muraleedharan said this in a written response to a question in the Rajya Sabha.

A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig.

Making the decision to live and work abroad is a huge undertaking, especially if you’re uprooting your family. And perhaps the biggest question of all is: “Where do we go?”

The code was set up to provider greater scrutiny and transparency within the ESG ratings and data products space, to provide markets with greater confidence in ESG data, especially considering the current efforts to achieve net zero.

Bitcoin delivered another bout of its notorious volatility in a sharp tumble toward $40,000 amid a broader crypto selloff. The largest token sank as much as 7.5% to $40,521 before paring some of the losses to trade 4% lower at $42,095 as of 11:12 a.m. in Singapore on Monday. Smaller tokens like Ether, XRP, Polkadot and Avalanche also fell. A gauge of the largest 100 digital assets shed about 4%, the largest drop since Nov. 22.

By Harry Robertson and Rae Wee

(Reuters) — Fast fashion firm Shein has held talks with the London Stock Exchange about the possibility of a public listing in the United Kingdom, Sky News reported on Monday, citing sources.

Keppel Corporation’s infrastructure division and AM Green, which is wholly owned by the founders of Hyderabad-based Greenko, have decided to jointly explore opportunities in producing biogenic carbon-based sustainable fuels in South-east Asia and the Middle East. These sustainable fuels can serve as an environmentally sustainable alternative to fossil fuels to support the decarbonisation of heavy industrial operations and the aviation sector. The companies estimate that these two regions can harness and aggregate at least a million tonnes of biogenic carbon dioxide per year.

SINGAPORE : Consumer prices in China fell for the second straight month, a deepening bout of deflation that shows Beijing’s efforts to reignite faltering growth are falling short. China’s top leaders telegraphed Friday that more support is coming for the economy, with pledges of new fiscal stimulus and supportive central-bank policy in the months ahead. Still, the Communist Party’s ruling Politburo signaled that stimulus will be measured rather than aggressive, reinforcing expectations for steady if unspectacular growth in 2024 as the economy grapples with a drawn-out property bust and a global backdrop darkened by war and slowdowns in the U.S.

It’s no secret that finance’s job market is going through a bit of a malaise at the moment around the world, but that doesn’t seem to be preventing demands from being made – and in Asia especially.

Sanchit Jain, Barclays' former head of emerging market options trading in Singapore, is leaving.

London bankers may be struggling to pay their bills, even on managing director salaries, but they're not the only people in financial services who are finding the lifestyle they'd imagined is out of reach.

Indonesia's biggest tech firm GoTo Gojek Tokopedia said on Friday it was in talks with short video app TikTok over a potential e-commerce partnership in the Southeast Asian country. No final deal has been reached, GoTo added in a statement. The company also said the discussions did not include a takeover plan or any sale of more than 50% of its shares to any party.