Page 13 - Singapore

Zomato shares worth Rs 5,438 cr sold in block deal, Antfin likely seller

Antfin Singapore Holding, which previously held a 4.3% stake in Zomato, will face a 90-day lock-in period before it can further dilute its equity following the sale

India, Singapore discuss bilateral, int'l issues of mutual interest

Ties between India and Singapore have a history rooted in strong commercial, cultural, and people-to-people links

New work policy: Singapore sets new salary benchmarks for foreign talents

Candidates need to pass the points-based Complementarity Assessment Framework system in addition to meeting the qualifying salary to obtain an Employment Pass in Singapore

Who is Dhaval Buch? Sebi chief's husband named in Hindenburg report

Dhaval Buch's association with PE major Blackstone not on real estate side, clarifies couple

Singapore bank DBS flags heightened uncertainty, Q2 profit beats forecasts

DBS' results rounded up a strong second-quarter earnings season for Singapore banks, as more inflows and trading by wealthy clients ahead of anticipated rate cuts boost their wealth businesses

ShareChat raises Rs 134 crore from Singapore-based EDBI; lays off 5% staff

Home-grown social media firm Mohalla Tech, which owns ShareChat platform, on Sunday said it has raised Rs 134 crore, or USD 16 million, through debt bonds from Singapore-based investment firm EDBI. With this fresh fundraise the company has expanded its ongoing convertible debentures round to USD 65 million. "ShareChat expands its convertible debentures round to USD 65 million, as Singapore-based EDBI joins the round," the company said in a statement. In April this year, ShareChat raised USD 49 million via convertible debentures in the funding round led by existing investors Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures, and HarbourVest, amongst others. The company has also retrenched 5 per cent of its staff after mid-year performance review of the employees. When contacted, the company spokesperson said ShareChat launched its mid-year performance cycle and as a usual practice, some employees are impacted on the basis of performance. "This accounts for less than 5

Singapore eases norms for foreign students to apply for PR: Details here

Student Pass holders can now apply for Singapore Permanent Residency if they have passed at least one national exam or are part of the Integrated Programme

IESA to facilitate sending workforce to Singapore for semicon training

This is part of the recently announced Memorandum of Understanding (MoU) with the Singapore Semiconductor Industries Association (SSIA)

Philippines, Singapore broaden defence ties with new military agreement

The Philippines is signing a defence pact with Singapore on Wednesday that will allow their militaries to broaden their engagement, including holding joint exercises to prepare for humanitarian emergencies and other contingencies, Philippine officials said. Defence Secretary Gilberto Teodoro will sign the Defence Cooperation Agreement with his counterpart in Singapore, two Philippine officials told The Associated Press on condition of anonymity ahead of the signing. Details of the agreement were not immediately available. Since territorial hostilities between China and the Philippines surged last year at two hotly disputed shoals in the South China Sea, Philippine President Ferdinand Marcos Jr's administration has taken steps to forge new security alliances with a number of Asian and Western countries and allowed a US military presence at more Philippine bases under a 2014 defense pact. In his state of the nation address before the Philippine Congress on Monday, Marcos stressed that

Budget 2024: India to enable VCC structures like Singapore, Mauritius

Industry officials believe that the adoption of the VCC framework has helped Singapore become the hub for international fund management, and a similar move for India will be beneficial

Houthi militants strike, damage Singapore-flagged vessel in Gulf of Aden

A Singapore-flagged vessel was damaged in an attack allegedly by Houthi militants southeast of Yemen on Friday, the Maritime and Port Authority of Singapore (MPA) said in a statement. The MPA said it was informed that container vessel the LOBIVIA was hit by "unidentified projectiles" while transiting the Gulf of Aden, resulting in a fire onboard that was subsequently extinguished by the crew. There are no Singaporeans among the crew, Channel News Asia reported, citing the authority and adding that all crew are accounted for and safe. Despite being hit, the vessel was able to set sail and arrived at Somalia's Berbera Port. Damage assessment and repairs, if needed, will be carried out, it said. MPA said it is in contact with the vessel manager to provide any assistance that might be needed. The Republic of Singapore Navy (RSN) has also alerted its security partners in the Gulf of Aden region to provide help, it added. In a televised speech, Houthi military spokesperson Yahya Sarea s

Temasek likely to invest $10 billion in India in the next three years

Singapore firm's exposure in country likely to touch $47 bn in 3 years

India, Singapore well positioned to create change: Prez Shanmugaratnam

India and Southeast Asia are well positioned to create a new era of opportunity, equity and sustainability, despite the resurgence of industrial policies among the major economies, Singapore President Tharman Shanmugaratnam said on Thursday. Working with other responsible middle powers, both regions have the ability to strengthen multilateralism, which, despite its imperfections, has been an arrangement that has served nations both rich and poor well for decades, he said at a dinner celebration of the 20th anniversary of the Institute of South Asian Studies (ISAS), a think tank of the National University of Singapore. Tharman also expressed optimism that Singapore-India relations will continue on an upward trajectory. Industrial policies such as tax breaks and subsidies to promote specific industries domestically are returning at a rate not seen since the 1960s and 1970s, despite having largely failed then, Tharman noted. For instance, the International Monetary Fund tabulated 2,50

Singapore Food Agency approves 16 species of insects for human consumption

Singapore's food watchdog on Monday said it has approved some 16 species of insects like crickets, grasshoppers and locusts for human consumption, adding to the internationally-renowned menu of global foods including Chinese and Indian dishes in the multi-ethnic city-state. The much-awaited announcement comes to the delight of industry players who have been gearing supply and catering in Singapore to insects grown in China, Thailand and Vietnam, The Straits Times newspaper reported. The approved insects include various species of crickets, grasshoppers, locusts, mealworms and silkworms. The Singapore Food Agency (SFA) said that those intending to import or farm insects for human consumption or livestock feed must meet SFA's guidelines, including providing documentary proof that the imported insects are farmed in regulated establishments with food safety controls and are not harvested from the wild. Insects that are not on SFA's list of 16 will have to undergo an evaluation to ensur

Here's why Singapore govt is making life tougher for global talent

The programme was announced in 2022 to assess an employment pass's complementarity with the local workforce

Pope to preside over interfaith meet in Indonesian mosque during Asia visit

Pope Francis will preside over an interfaith meeting in a mosque in the world's largest predominantly Muslim country during a four-nation Asian visit in September that will be the longest and most complicated foreign trip of his pontificate. The Vatican on Friday released the itinerary for Francis' September 2-13 trip to Indonesia, East Timor, Papua New Guinea and Singapore. The packed schedule makes clear that the 87-year-old pontiff, who has battled health problems and is increasingly reliant on a wheelchair, has no plans to slow down. After a day of rest upon arrival in Jakarta on September 3, Francis launches into a typically rigorous round of protocol visits to the four countries' heads of state and government, speeches to diplomats and meetings with clergy and public Masses in each location. In Jakarta, he'll preside over an interfaith meeting at the capital's Istiqlal Mosque. Sprinkled in the mix are encounters with young people, poor and disabled people, elderly people and

S'pore to recognise Palestine in principle at appropriate time: Foreign min

Singapore is prepared in principle to recognise Palestine as a state and will make this move at an appropriate time, Foreign Minister Vivian Balakrishnan said in Parliament on Tuesday, emphasising that the country has advocated a negotiated two-state solution, consistent with the relevant UN Security Council resolutions to achieve lasting peace. In particular, there needs to be an effective Palestinian government that accepts Israel's right to exist and categorically rejects terrorism, Dr Balakrishnan said. Both sides have legitimate rights, and both peoples have a right to live in peace and dignity within secure borders, The Straits Times quoted the Singapore minister as saying. He was responding to questions from parliamentarians on Singapore's May 10 decision to vote for a United Nations resolution backing the admission of Palestine as a member of the world body, which it said was made after serious and careful consideration. Dr Balakrishnan urged both sides to seize the moment

Gukesh vs Liren: Singapore wins bid for 2024 FIDE World Championships match

Singapore will host the 2024 World Championship match between India's chess sensation D Gukesh and defending champion Ding Liren from China, FIDE announced on Monday The development means that Gukesh won't compete on home turf as neither Delhi nor Chennai could secure the hosting rights for the much-anticipated event which will be held between November 20 and December 15. "The Singapore Chess Federation, supported by the Government of Singapore, has won the bid to host the FIDE World Championship Match 2024," FIDE said in a release. "After reviewing the bids and inspecting all potential host cities for their venues, amenities, event programs, and opportunities, the International Chess Federation has selected Singapore as the host of the World Championship Match," FIDE added in the release.

Singapore gets tough on casinos in new measures to check terrorism funding

Casinos in Singapore will soon face tighter rules on conducting due diligence checks when receiving cash as part of updated measures to counter terrorism financing, the country's gambling regulatory body said on Monday. Due diligence checks will have to be carried out when casinos receive a cash deposit of SGD 4,000 (USD 2,950) or more into a customer's account - down from the current threshold of SGD 5,000. The new threshold for due diligence checks was among the measures laid out in Singapore's updated National Strategy for Countering the Financing of Terrorism, jointly published on Monday by the Ministry of Home Affairs (MHA), the Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS). "The adjustment is made so that Singapore casinos can better combat money laundering and terrorism financing and align our requirements with FATF standards," the Gambling Regulatory Authority (GRA) said. The Financial Action Task Force (FATF) is a global money laundering and ...

China's AI startups head to Singapore in pursuit of global growth

AI entrepreneurs in particular are accelerating the shift because trade sanctions imposed by the US on their homeland block their access to the newest technologies