Meet movers, shakers and believers in blockchain’s potential

SINGAPORE – Singapore is establishing itself as a hub for innovation in the financial and digital asset space with a diverse range of investors, businesses and entrepreneurial talent setting up base here. The Sunday Times talks to some individuals and professionals about their roles in the fast-moving crypto industry. The crypto market has been whipsawed […]

Asia stocks slump on global slowdown fears after Fed signals more rate hikes ahead

SINGAPORE – Asian stock markets slumped on Thursday amid heightened global slowdown fears after the US Federal Reserve signalled even more aggressive rate hikes ahead than investors had expected as it raised its key interest rate by a hefty 75 basis points for a third straight time. Notably, Fed chairman Jerome Powell in comments on Wednesday […]

JCB presents STAR ISLAND Singapore Countdown Edition 2022-2023

TOKYO & SINGAPORE, Sep 21, 2022 – (JCN Newswire via SEAPRWire.com) – STAR ISLAND Singapore Countdown Edition returns December 31 to The Float at Marina Bay. The one and only futuristic fireworks entertainment display will be held for the first time in three years against the iconic Marina Bay city skyline. Colorful HANABI hand-crafted fireworks […]

JCB sponsors Singapore’s one of the largest countdown event

TOKYO & SINGAPORE, Sep 20, 2022 – (ACN Newswire via SEAPRWire.com) – JCB Co., Ltd. (“JCB”), Japan’s only international payment brand, will sponsor STAR ISLAND SINGAPORE COUNTDOWN EDITION 2022-2023 Presented by JCB (“STAR ISLAND”), which will be held by Avex Asia Pte. Ltd. (“Avex Asia”), subsidiary wholly owned by Avex Entertainment Inc., from December 25 […]

Greenback’s unrelenting strength, renminbi weakness may test Singdollar’s resilience

SINGAPORE – The Singapore dollar has outperformed most of its Asian and global peers this year, but its fate is still tied to what happens to the currencies of the United States and China, the world’s two largest economies. If the US dollar continues to rise, it will eventually tighten financial conditions worldwide, stifling demand […]

Singdollar emerges as Asia’s best outperformer against greenback’s relentless rise

SINGAPORE – As this year’s US dollar rally crushes Asian currencies, foreign exchange traders are seeking refuge in the region’s best outperformer – the Singapore dollar. Thanks to a recovering economy and a hawkish central bank that has tightened monetary policy four times since October 2021, the Singdollar has outperformed its regional peers including Asia’s […]

Greenback’s unrelenting strength, yuan weakness may test Singdollar’s resilience

SINGAPORE – The Singapore dollar has outperformed most of its Asian and global peers this year, but its fate is still tied to what happens to the currencies of the United States and China,the world’s two largest economies. If the US dollar continues to rise, it will eventually tighten financial conditions worldwide, stifling demand for […]

SGX makes push for full disclosure of CEO pay

SINGAPORE – The Singapore Exchange is planning changes to its corporate disclosure rules, including asking companies to reveal exactly how much their chief executive officers are paid. The Singapore Exchange Regulation (SGX RegCo), the bourse’s regulatory arm, will consult the market on requiring disclosures for the remuneration of CEOs and directors, according to a statement. […]

Low labour costs, strong investor interest drawing S’pore start-ups into Vietnam

SINGAPORE – The number of start-ups from Singapore venturing overseas through Enterprise Singapore’s Global Innovation Alliance (GIA) acceleration programmes has ballooned to more than 400 in less than five years. One of the more popular destinations is Vietnam, with its large workforce, lower labour costs and sizeable market, say experts. “The labour force in Vietnam […]

Ex-Georgia PM blames Credit Suisse unit for $1.78b losses in Singapore case

SINGAPORE/HONG KONG – Former Georgian prime minister Bidzina Ivanishvili alleged on Monday that a trust unit of Credit Suisse had failed to take steps to prevent him from losing US$1.27 billion (S$1.78 billion), as a Singapore court started to hear evidence in the case. Mr Ivanishvili has accused Credit Suisse Trust in Singapore of failing to […]

SIA, Genting S’pore and Suntec likely winners as consumers switch from products to services: DBS

SINGAPORE – Investors looking to hedge against a potential change in spending patterns could consider switching up their buys from manufacturing towards the service sector, said DBS Bank in a report on Monday. Noting the weak Purchasing Managers’ Index seen in August, DBS researchers posited that this could be a sign that manufacturers were wary about weak […]

Diverse capabilities, infrastructure help drive chips industry in Singapore

As the world marches steadily towards a smarter, more mobile and connected future, Singapore as a semiconductor hub has kept in step, plugging itself higher up the value chain over the decades. The Republic’s semiconductor industry is one of the region’s most diverse, having drawn global giants and an ecosystem of small and mid-sized firms […]

S’pore needs to build new growth engines to remain competitive and continue investing in its people: Gan Kim Yong

SINGAPORE – New engines of growth are needed to strengthen Singapore’s economic resilience, even as it continues to invest in its people so the workforce remains relevant. Trade and Industry Minister Gan Kim Yong said there is a need to identify new opportunities for Singapore to remain competitive amid headwinds in the global economy. As […]