Singapore Financial News

Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.

The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots to Project Guardian to test various use cases around asset tokenization. 

Hong Kong-founded institutional cryptocurrency asset custodian Hex Trust has been given the green light to offer virtual asset custodial services to institutional clients and investors in Dubai.

During her opening speech at the Singapore FinTech Festival, International Monetary Fund (IMF) managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies (CBDCs) and related payment platforms in the future.

Aequs has bagged a 10-year contract to make parts for Airbus’ A320, A330neo and A350 aircrafts. Under the terms of the agreement, Aequs will make detailed parts, and parts with bench assembly for wings, fuselage, and pylons for Airbus’ including its popular single-aisle family of aircraft over the period of the contract. Aravind Melligeri, Chairman of Aequs, said, “This contract is a significant moment in Aequs' journey with Airbus.

The issuer of the USDC stablecoin, Circle, has announced the launch of its zero-fee minting facility, Circle Mint, exclusively in Singapore.

JPMorgan Chase & Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the upcoming year.

Thailand is pitching a multibillion-dollar project that will significantly cut shipping times between the Indian and Pacific oceans by bypassing the Malacca Strait— one of the world’s busiest sea lanes. Prime Minister Srettha Thavisin told investors in San Francisco on Monday that the project can cut travel time by an average of four days and lower shipping costs by 15%. With traffic volumes projected to exceed the Malacca Strait’s capacity by 2030, the new project will ensure seamless flow of goods, he said. The so-called Landbridge project will cost about 1 trillion baht ($28 billion), with seaports to be built on either side of the country’s southern peninsula and linked by highway and rail networks, according to the government.

Last week brought several noteworthy developments in the evolving crypto regulation scene across the globe.

NEW DELHI : After years of catering to niche audiences with limited return, India’s mobile gaming industry, comprising developers, streamers, esports platforms, and more, is gaining wider popularity. This shift is fuelled by mainstream broadcast deals and growing user willingness to pay for games.

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Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities.

Katherine Tai and discussed ways to further boost trade and investments between the two countries. Goyal is in the US for a four-day visit. He reached San Francisco on November 13.

By Emily Chow and Trixie Yap

By Ankur Banerjee

UAE. The Singapore-headquartered transportation solutions enterprise, BoxcoWorld FZE, on November 1 inked a memorandum of understanding with Dubai-based global maritime major DP World to invest $28 million to construct a modern warehouse in the Jebel Ali Free Zone, a free trade zone in the UAE. The deal was signed by Abdulla Al Hashmi, COO of Parks & Zones, DP World, UAE Region, and Vir Kotak, Founder of BoxcoWorld. DP World is an multinational logistics company specialising in cargo logistics, port terminal operations, maritime services and free trade zones.

TikTok’S chief executive, Shou Zi Chew, faced angry lawmakers in Washington, who grilled him for five hours on topics ranging from misinformation to mental health. A threat of a ban in America, the short-video app’s largest market, looms large. Other Western governments are making similar noises.

Crypto news site The Block has been sold to venture capital group Foresight Ventures in a $70 million deal.

Tom Segura has unveiled the initial stage of his upcoming worldwide stand-up comedy tour, titled «Tom Segura: Come Together.» As disclosed by the comedian, the tour is set to commence on December 30, 2023, in Honolulu, Hawaii, and will culminate on June 15, 2024, in Bangor. Segura during an interview said that this tour is bigger and blacker than any other tours he did. Adding more, the comedian said that the name has been taken, but 'Come Together' effectively conveys the message. The comedian also said that let's unite for an unforgettable night. Segura further said that in one way or another, we're bound to create lasting memories with this event. Currently, the comedian and podcaster is completing the last leg of his recent global tour, "I'm Coming Everywhere."

The Block, a crypto-focused media company, sold a majority stake of its company to a venture capital firm in Singapore, according to Axios, which has valued it at $70 million.

Forty-eight countries across six continents have committed to a new tax transparency standard starting in 2027 to fight crypto-related tax evasion.