Singapore’s financial regulator has proposed regulatory changes that will ban stablecoins from paying yield to investors. The Monetary Authority of Singapore is proposing to amend the “Payment …
Vietnam approves Paris carbon-credit deal with Singapore, opening bilateral offset trade
Vietnam has approved a Paris Agreement implementation deal with Singapore, clearing the way for the two countries to trade carbon credits directly. The move could draw new investment into …
Thai billionaire’s Frasers Property buys prime Singapore restaurant space for $138 million from Royal Holdings
The acquisition of Cuppage Terrace comes six months after the developer bought the plot behind The Centrepoint shopping complex for $308 million. With Frasers Property owning the mall and the adjacent …
Singapore commits $170 million over three years to drive fintech innovation
SINGAPORE, Aug 31 (Reuters) – Singapore will deploy S$220 million ($172.83 million) over three years to strengthen its fintech ecosystem and boost innovation and the adoption of technology across the …
Hong Kong and Singapore property shrug off fund tax breaks
While the two cities compete on wealth management incentives to draw talent and capital, the spillover into office and residential real estate remains negligible The long-standing rivalry between Asia …
Singapore Puts $173 Million Behind Its Next Fintech Push
Singapore raised its three-year fintech support budget by 46.7% today (Monday). The Monetary Authority of Singapore (MAS) committed S$220 million (about $173 million) through FSTI 4.
Explainer – How severe are Indonesia’s wildfires?
By David Stanway SINGAPORE, Aug 31 (Reuters) – As Indonesia’s wildfire season intensifies, authorities are on high alert as they work to contain the damage and avoid the devastation that hit the …
Indonesia, Singapore central banks implement use of local currencies in bilateral transactions
JAKARTA, Aug 31 (Reuters) – The central banks of Indonesia and Singapore said on Monday they were now implementing a framework for settling bilateral transactions in their respective local currencies.
Temasek backs Singapore Airlines’ Air India investment amid growing scrutiny
By Abhijith Ganapavaram and Arpan Chaturvedi NEW DELHI, Aug 29 (Reuters) – Singapore state investor Temasek, the majority shareholder of Singapore Airlines, on Saturday backed the airline’s investment …
Hong Kong’s long-term wealth hub status safe from mainland investment curbs: JPMorgan exec
The investment bank’s North Asia chairwoman downplays regulatory hurdles – and views the city’s rivalry with Singapore in ‘win-win’ terms Beijing’s recent curbs on cross-border investment and a tax …