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Singapore retreat from retail crypto opens way for rivals

SINGAPORE: Asia may be heading for a reordering of sorts in cryptocurrency markets, with Hong Kong moving to legalize retail trading of digital tokens just as Singapore looks to impose fresh restrictions on consumers. Speaking in an interview with Bloomberg Television, Singapore’s central bank chief Ravi Menon had a clear message for other financial centers looking to […]

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Singapore’s growth to slow ‘below trend’ in 2023, dragged down by external-facing sectors: MAS

SINGAPORE’S economic growth is expected to slow to a pace that is “below trend” next year, weighed down by key external-facing sectors such as manufacturing and financial services, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Thursday (Oct 27). Meanwhile, the global economy is in a “precarious” state with growth […]

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Singapore’s financial sector has a road map for success

AS companies around the world strive to navigate volatile macroeconomic and geopolitical conditions, Singapore’s financial sector finds itself in an advantageous situation. Many of its firms have already started investing in digitisation, efficiency and productivity to better prepare for unforeseen crises. Not only has this strengthened the ability of Singapore’s financial industry to serve the local […]

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