Singapore

President Xi Jinping of China held a meeting with Taiwan’s Former President Ma Ying-jeou. This marks their first encounter since their noteworthy handshake in Singapore nine years ago. What Happened: The leaders aimed to project a reconciliatory image despite the ongoing cross-strait tensions...

In a move to further regulate the digital asset industry, Singapore has broadened its regulatory framework to encompass the custody of tokens and additional firms involved in fund transfers. What Happened: The Monetary Authority of Singapore (MAS) announced on Tuesday that the changes to the...

The global airline industry has consistently cautioned passengers about the inevitable need to contribute to the $5 trillion expense of decarbonizing air travel. That time has now arrived. What Happened: Airlines across the world are raising ticket prices to offset the expenses of decarbonizing air...

The Singaporean government informed that the economic benefits of hosting Taylor Swift‘s concert outweigh the incentives provided to the singer. This statement comes in response to the widespread speculation about the amount Singapore paid Swift for the Southeast Asia-exclusive performance....

China is set to display its Comac C919, a narrow-body passenger jet, at the Singapore Airshow. This marks the first time the aircraft will be showcased to a global audience. What Happened: The Comac C919, developed by the Commercial Aircraft Corporation of China (Comac), is being positioned as a...

Singapore’s economy accelerated in Q4 2023, outperforming economists’ predictions largely due to the progress in the construction and manufacturing sectors. What Happened: As reported by Reuters, Singapore’s economy grew by 2.8% year-on-year during the fourth quarter, with the...

In a move aimed at curbing financial malpractices, Credit Suisse has been hit with a $3 million penalty by the Monetary Authority of Singapore (MAS). The bank’s relationship managers were found to be negligent in preventing or detecting misconduct within the institution. What...

In a bid to accelerate their global growth plans, major coffee chains are flocking to Singapore. The city-state is now seen as a strategic location for these brands to establish their presence and scale their operations. What Happened: CNBC reported on Tuesday that several global coffee brands have...

A court in the British Virgin Islands has ordered the freezing of approximately $1 billion in assets belonging to the founders of cryptocurrency hedge fund Three Arrows Capital as per the liquidator's report. The court's directive restricts Su Zhu, Kyle Davies, and Davies’...

Currently facing court questioning, Three Arrows Capital co-founder Su Zhu will likely be released from jail soon on good behavioral grounds. What Happened: A Singapore court questioned Zhu for the first time regarding the collapse of the crypto fund. The questioning said to be in private was about...

Key Takeaways: Meitu has completed a new funding for its Singapore-based Pixocial unit that accounted for a major portion of the company’s net income in 2022 The new funding raised $22 million from participants including Fidelity’s Eight Roads investment arm, valuing Pixocial at more...

In September, during a conference in Singapore, key traders of Binance (CRYPTO: BNB) were briefed about the company's impending settlement with U.S. authorities. The message was clear at a luxurious private dinner hosted by Binance in Singapore: the world's largest crypto exchange...

Ashok Venkateswaran, Mastercard Inc.'s (NYSE: MA) lead for blockchain and digital assets in Asia-Pacific, on Friday asserted the current landscape doesn't provide sufficient grounds for the widespread adoption of central bank digital currencies (CBDCs), making broad...

In a significant move towards the digitization of currency, Singapore’s central bank, the Monetary Authority of Singapore (MAS), plans to test the live usage of wholesale central bank digital currencies (CBDCs) in 2024. What Happened: The announcement was made by MAS’s Managing Director...

Paxos, a crypto brokerage firm, has received preliminary authorization from Singaporean regulators to offer digital payment token services. What Happened: Following this in-principle approval from the Monetary Authority of Singapore under the Payments Services Act (PSA), Paxos has established a new...