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Singapore wants open supply chains as US levels China chip curbs

SINGAPORE is pushing for “open, inclusive” tech supply chains to counteract accelerating economic bifurcation after the US moved to restrict China’s access to cutting-edge semiconductors. Speaking at an event on Wednesday (Nov 9), Minister of Foreign Affairs Vivian Balakrishnan said such divisions would be inflation, supply chain disruptions, slower technological progress and “further disrupt global systems.” […]

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Singapore to pursue cross-border digital currency potential

Singapore is assessing the use of central bank digital currency (CBDC) for cross-border foreign exchange settlements with global partners, such as Swiss National Bank. It hopes the international collaboration will help identify potential governance structures, technical standards, and policies needed to support industry use cases.  The Monetary Authority of Singapore (MAS) said its efforts here […]

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