The new extension of resources and partnership brings the total number of COIs to 12, providing specialised aid, advisory services, and exclusive facilities aimed directly at the needs of SMEs.
The proposed law aims to oversee substantial local and foreign investments that are critical to Singapore's national security concerns. This move mirrors a global trend where other nations have intensified measures for foreign investments in crucial sectors or companies.
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.
DBS chairman Peter Seah admitted that the bank fell short of meeting customer expectations. According to this, the senior management will be held responsible and their compensation will be impacted.
YouTrip’s CEO emphasised that its strategic approach revolves around maintaining consistency and prioritising localisation. Its new funding will focus on expansion plans, including advanced technologies to enhance YouTrip's offers.
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.
From January through August, Singapore witnessed a significant loss of at least S$20 million due to malware scams. Investigative program "Talking Point" delved into the intricacies of these deceptive schemes, shedding light on why both Android and iPhone users need to be vigilant.
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.
According to MAS, customers may benefit from having alternative payment providers. The authority also advised people to carry cash as a contingency.
The percentage of Singaporeans anticipating a decrease in inflation has dipped to 49.5% in September, down from the 51% recorded in June.
On 17 October, 530 hotspots were observed in southern and central Sumatra. This is significantly more than the 285 hotspots identified on the previous Monday.
The National Environment Agency (NEA) recently issued an advisory indicating a potential for slight haze in Singapore on 17 October. This situation is expected to improve as rain is forecasted to increase on Wednesday, reducing the likelihood of haze.
According to the Monetary Authority of Singapore, it will shift to a quarterly monetary policy statement schedule from next year. The statements will be released in January, April, July, and October.
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.