According to the LTA, the COE quota for Categories A, B, and C is anticipated to continue its upward trend in 2024, heading towards its peak supply in 2025. Meanwhile, the quota for Category D in 2024 is projected to maintain a level similar to that of 2023.
75% of SMBs are actively exploring options to change their banking solution provider. This underscores the growing demand for embedded financial services in the local SMB sector.
This move comes as MAS acknowledges the growing convergence in business models and risk profiles between RFMCs and A/I LFMCs, rendering the current regulatory distinction less relevant as most new entrants opt for A/I LFMC status.
To achieve wealth preservation and multi-generational prosperity, wealthy families are prioritising four key objectives: harmonising relationships across global generations, aligning values between family offices and business enterprises, venturing into innovative investment strategies, and nurturing the personal ambitions and passions of family members.
The e-CaseTrust scheme will equip online retailers and service providers with the tools to outperform competitors by prioritising pro-consumer policies for managing customer complaints, refunds, and disputes.
Finalists for the Artificial Intelligence in Finance Global Challenge have been announced by MAS. They will undergo a 10-week program to refine their solutions and pitch them to the judges.
Project Mariana has three components: a common technical token standard, bridges for the seamless transfer of wCBDCs between different networks, and an Automated Market Maker.
The tourism and travel sector is expected to grow at a 10-year CAGR of 5% to US$15.5 trillion in 2033.
Singapore has once again reaffirmed its status as the world's foremost maritime hub, marking an impressive 10th consecutive year at the top.
The new OCBC feature protected more than 30 customers whose phones had malware from side-loaded apps.
The new collaboration will allow Foodpanda users to shop over 20,000 grocery items on the app.
Singaporean customers are demanding more transparency amidst the AI adoption growth of companies.
According to IRAS, it gave away S$4.6 billion in grants to support local hiring and wage growth among Singaporeans.
Many of these small businesses have adapted new ways to survive this challenging period.
The new effort will back projects and maximise technology use.