Singapore Financial News

FTX’s bankruptcy advisers have filed a lawsuit against crypto exchange Bybit Fintech and its two affiliated companies.

Mike Cannon-Brookes’ Sun Cable venture has begun discussions with the federal government’s $15 billion National Reconstruction Fund about support for a cable-manufacturing plant in Tasmania.

Fortescue has put its foot on 150,000 hectares of land near its iron ore mines – to be used for renewable energy projects – just days after quietly scrapping plans for a multi-billion dollar wind and solar farm hub that had been central to its decarbonisation plans.

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus.

CapitaLand India Trust (CLINT) has secured a five-year construction loan of ₹1,300 crore from JP Morgan India to finance the Phase-1 development of its data centre in Navi Mumbai. «Securing this onshore loan in India would diversify our funding sources and help us to optimise our funding costs,» said Sanjeev Dasgupta, chief executive of CapitaLand India Trust Pte Ltd. CapitaLand has already started the construction of the data centre, which is scheduled for completion by mid-2025. The data centre will have a power capacity of 108 MW. Besides this upcoming facility in Navi Mumbai, CLINT has three data centres under development in India. CLINT, formerly known as Ascendas India Trust, was listed on the Singapore Exchange Securities Trading in August 2007 as the first Indian property trust in Asia.

The Singapore High Court has ordered cryptocurrency lending platform Hodlnaut to undergo liquidation, as stated in a court document dated November 10. 

exports are yet to take off with several factors holding up growth including robust domestic demand. Whisky exports in FY23 were just 10% higher in value from a decade ago while imports have surged nearly four times during this period. To be sure, whisky exports were 18% higher in the first five months of the current fiscal year from the corresponding period a year ago. In October, locally made Indri Diwali Collector's Edition won the Best in Show Double Gold award at the Whiskies of the World Awards.

royal family members such as Kate Middleton, Queen Camilla, Meghan Markle, and Prince Harry at various events. But do you know why? The red poppy pins, a tradition dating back to 1921, have become an integral part of the royal wardrobe, especially in November, leading up to Remembrance Day on Nov. 11. These pins hold deep significance as a mark of remembrance for military members who have lost their lives in wars. During their joint visit to Scotland on Nov. 2, Kate Middleton and Prince William wore matching green jackets, each adorned with the iconic red poppy. The symbolism continued in subsequent individual outings, with the Prince of Wales sporting the poppy during his visit to Singapore for the Earthshot Prize awards, and the Princess of Wales donning it on her camo jacket during a visit to the Queen's Dragoon Guards on Nov. 8.

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.

Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. 

The reporter is in Singapore at the invitation of Association of Asia-Pacific Airlines.Milestone Alert!Livemint tops charts as the fastest growing news website in the world

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Mineral Resources has made another lithiumacquisition less than a week out from the company’s annual general meeting, where billionaire founder Chris Ellison is expected to shed some light on the strategy behind a spate of recent deals.

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of no more interest rate hikes.

SHANGHAI (Reuters) — Measures such as the U.S. Inflation Reduction Act are unlikely to stop firms from going abroad, as companies thrive through competition and not through regulation or subsidies, the chairman of Chinese battery maker Gotion High Tech said.

By Rae Wee

Indian solar panel manufacturers are grappling with the influx of cheaper Chinese imports funnelled through intermediary countries such as Vietnam, Malaysia, and Singapore as Chinese companies exploit Free Trade Agreement (FTA) loopholes to export to India. Despite New Delhi's imposition of a 40% customs duty on solar modules and 25% on solar cells in April 2022 to boost domestic production and reduce Chinese imports, companies in China are finding ways to bypass these high tariffs and continue supplies to Indian solar farm developers. The Chinese companies have effectively utilised this strategy in the past to evade local tariffs, as demonstrated by a year-long investigation in August 2023 by US federal authorities, which revealed that five Chinese solar panel firms had circumvented tariff regulations by channelling their operations through countries such as Cambodia, Malaysia, Thailand, and Vietnam. Following the imposition of tariffs, direct Chinese exports to India have declined, but from April to August 2023, imports of solar panel modules from Vietnam and Malaysia have surged, accounting for 60% of all such imports into India, with majority of these products originating from Chinese companies. Indian manufacturers say the imports are hurting domestic industry as the Chinese firms are resorting to dumping their products by misusing the FTA route.

premier carriers. “I believe Vistara is widely recognized as the best carriers in India. It is something that we created with our partners...

Australia captain Meg Lanning has announced her retirement from international cricket after winning seven World Cup titles during a 241-match career. The 31-year-old Lanning, who played six tests, 103 one-day internationals and 132 Twenty20 internationals, will continue playing domestic cricket in Australia and possibly India. «The decision to step away from international cricket was a difficult one to make, but I feel now is the right time for me,» Lanning said Thursday in a statement «I've been incredibly fortunate to enjoy a 13-year international career.» Speaking later outside the Melbourne Cricket Ground in front of family and friends, Manning said had tried to talk herself out of ending her international career. «I'm sad that it's finishing up, but I'm very much ready for something new,» Lanning said.

SINGAPORE—The list of business executives and political figures who have gone missing in China keeps growing. Top executives at a video-streaming platform and a pharmaceutical company were the latest to disappear, as an intensifying clampdown by Beijing on alleged corruption and malfeasance shakes business confidence in China, among local and foreign firms alike. Chen Shaojie, chief executive of livestreaming firm DouYu, has been unreachable since October, a person familiar with the matter said.

Singapore-based digital asset investment firm Spartan Group has announced investment in the decentralized finance (DeFi) protocol Pendle Finance (PENDLE).