Lawrence Wong News

Singapore-India Hackathon, jointly organised by India's Ministry of Education's All India Council for Technical Education (AICTE) and Nanyang Technological University, Singapore (NTU Singapore). In a message from PM Modi, he said, “The mantra of the G20 Presidency, ‘One Earth, One Family, One Future’, is Vasudhaiva Kutumbakam. The Singapore-India Hackathon is an initiative that encapsulates this noble thought." India’s Minister for Education, Skills Development and Entrepreneurship, Mr Dharmendra Pradhan, and Singapore’s Deputy Prime Minister, Mr Lawrence Wong presented the prizes to winning teams of the student and start-up categories. Minister Pradhan highlighted at the awards ceremony: “Singapore is a knowledge-based economy.

DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The bank's new unit is expected to focus on delivering corporate banking services, and foreign currency-denominated loans, including external commercial borrowings (ECB) and trade finance products, the statement of DBS bank said.DBS Bank has said that it is hoping to build a book exceeding $ 1 billion in the first year of operations. In the future, DBS is hoping to include solutions for its private banking clients along with other services it currently provides. The opening of the IBU in the GIFT International Financial Services Centre is a significant enabler for the bank's growth strategy for India, said DBS on the launch of its new financial unit in Gandhinagar.

Prime Minister Lee Hsien Loong said he accepted the resignations of speaker Tan Chuan Jin and MP Cheng Li Hui to «maintain the high standards of propriety and personal conduct» of the People's Action Party (PAP). He said they were in an «inappropriate relationship» that continued even after he had told them to stop in February. It was the latest development to rock the PAP, which has ruled Singapore uninterrupted for 64 years and has prided itself on a corruption-free government.

There is immense scope for India and Singapore to work together and prepare a future ready workforce for the entire globe, said Union Education Minister Dharmendra Pradhan on the conclusion of the third edition of the Singapore-India Hackathon.  "Our collaboration in the field of knowledge, skill and innovation will not only benefit India but also countries in the global south who are looking towards us to lead the way," said Dharmendra Pradhan on Sunday.  After his address, the minister distributed prizes to the winning teams at the event organised at the Indian Institute of Technology Gandhinagar (IITG). The concluding ceremony was jointly organised by the All India Council for Technical Education (AICTE) and Nanyang Technological University, Singapore.

Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX. 

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Singapore government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong.

The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister Lee Hsien Loong and Deputy Prime Minister Lawrence Wong are set to face grilling questions for their failure to protect retail investors.

In Asia, Singapore extends taxes imposing on Non-Fungible Token (NFT) transactions, according to local media CNA.