Singapore Financial News

₹15.8 trillion, UPI is a big success. With countries like Singapore, Malaysia, the UAE, UK and France accepting UPI linkages, India has impressed others with its financial regulatory system and technology capabilities. India is also pushing for inroads with other dependable offerings, including RuPay, which dominates the domestic debit cards market with over 860 million transactions, worth over ₹1.6 trillion.

Reuters, a car buyer in Singapore must bid for a certificate that now costs $106,000 ( ₹88,23,493) citing post-pandemic recovery -- which has driven up the cost of the city-state's vehicle quota system to all-time highs. This amount is equivalent to buying four Toyota Camry Hybrids in the United States. Introduced in 1990, Singapore has a 10-year "certificate of entitlement" (COE) system to control the number of vehicles in the small country.

Representatives of Banque de France, the French central bank, have embraced the global perspective on the central bank digital currency (CBDC) discussion, touting it as the foundation of a new international monetary system.

The Singapore subsidiary of crypto payments giant Ripple has officially received its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Singapore’s Temasek has hired investment bank Goldman Sachs to find a buyer for its 40 per cent of gas and electricity distribution giant Jemena.

It is a system that has barely changed since the nineteenth century. But that dependence on bits of paper being flown from one party to another has become a vulnerability for companies which move and finance the world’s resources around the globe.

Ripple said it has received the full-fledged license to operate as a major payments institution from Singapore's central bank, allowing it to continue operations in the country after receiving in-principle approval in June.

Nipah virus cases, including two deaths, in Kozhikode district in the southern state of Kerala. As of September 27, 1,288 contacts of the confirmed cases were traced, including high-risk contacts and healthcare workers, who are under quarantine and monitoring for 21 days, the WHO said as quoted by AFP. Since September 12, 387 samples have been tested, of which six cases were positive for Nipah virus infection, while all remaining samples tested negative, said the UN's health agency.

By Tom Westbrook

By Rae Wee

«Financial inclusion,» defined as individuals and businesses having access to useful and affordable financial products, has declined in the U.S., according to new industry research.

Sygnum Singapore, a subsidiary of the Switzerland-based cryptocurrency bank Sygnum, has received approval for its Major Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS) to be able to provide crypto brokerage services to accredited investors and institutions in Singapore.

Eye care chain Dr. Agarwals Eye Hospitals said it will be investing upto $150 million in next 2-3 years to almost double its network to 300 eye hospitals in India and Africa. «We are planning to open at least one eye-hospital every week, for next 2-3 years,» said Dr. Amar Agarwal, chairman, Dr. Agarwals Eye Hospitals in an interview to ET.

Warburg Pincus will acquire Everise, a leading global healthcare services outsourcing company, from its existing investor Brookfield, said a company press release. Warburg Pincus’ investment values the company at around $1 billion and Brookfield will retain a minority stake. Further details of the stake buyout is not disclosed. Warburg Pincus is in advanced negotiations to acquire Everise Holdings, a Delaware-registered outsourcing company, ET first reported on 28 July. ET first reported in May on Warburg Pincus' interest in Everise.

Champions League away game of the season, as Mikel Arteta's side travels to Lens on October 3. After a stellar 4-0 home victory against Dutch giants PSV Eindhoven last month, the Gunners aim to continue their impressive form in Europe's premier club competition. However, the busy match schedule poses a challenge for Arteta, as he strives to maintain a balanced squad for various competitions. Here's what you need to know ahead of this crucial match. Kickoff Time and Viewing Information The Lens vs. Arsenal clash will take place at the Stade Bollaert-Delelis in Lens, France, and is scheduled to kick off on Tuesday, October 3, at 9:00 p.m. local time. For viewers around the world, here are the corresponding kickoff times:

Bitcoin retreated from a six-week peak after a jump in bond yields dented demand for riskier investments.

Singapore is investigating the role that some single family offices played in one of the city’s largest money laundering cases and weighing further rules on the sector.

Mark Dwyer had worked at CLIM for over 20 years.

Bitcoin climbed to a six-week high as inflows picked up at the start of October, a month that has typically seen gains in the token. Smaller peers including Ether, Litecoin and Solana also rallied. The advance came as traders await the trial of Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, which is scheduled to begin Tuesday. “There appears to have been significant buying flows, possibly driven by the start of a new accounting quarter, and the resulting moves were exacerbated by scarce week-end liquidity,” said Caroline Mauron, co-founder of digital-asset derivatives liquidity provider OrBit Markets in Singapore. The rally is expected to continue in October, typically a positive month for crypto markets, with $30,000 seen as the next major resistance level for Bitcoin, she said. Bitcoin Climbs to Highest Since Mid-August

JSW Infrastructure, which got listed on the bourses on Tuesday, said it has a huge potential to grow its business and aims to become a global company, JSW Group Chairman Sajjan Jindal has said. Speaking at the listing event, Jindal cited the example of Singapore and said that it is a City-State and handles more cargo than all of India. «We can also create such ports which handle not just our own cargo but also of the countries around us,» he said.

Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.