Page 27 - Singapore

Singapore resurgence draws big money, bubble fears with high cost of living

Below the surface, things aren't quite so rosy. As the government mints new long-term visas to attract more high-paid talent, it faces a delicate balancing act to keep its people happy

Rich Indians rush overseas to open family offices as risks rise at home

Many are heading to Dubai and Singapore to hedge their portfolio against currency and geographical risks and for tax planning for the next generation

Inga, TIH Singapore tie up to launch PE fund for mid-sized companies

The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore

Singapore to lift Covid-19 restrictions for non-vaccinated from next week

Singapore is set to lift the Covid-19 restrictions on non-vaccinated individuals from Monday but it is ready to step up such measures when necessary to lower infection rates and protect the unvaccinated, Health Minister Ong Ye Kung said on Sunday. With vaccination-differentiated measures (VDS) to be fully lifted on Monday, the minister noted that while such restrictions aimed at protecting the unvaccinated in crowded areas, had pushed many to get vaccinated, it is better to step them down given that they are now not as extensive. "Today VDS is very light and in restaurants is pretty much an honesty system with random sporadic enforcement, Ong said while talking to the media at a club event. "It's not that VDS doesn't work. In its current form, which is light, I think it doesn't work as well. So, we might as well step it down with the understanding that we can step up to an appropriate level when we really need it." In a statement, the Ministry of Health on Friday announced that VDS

Mukesh Ambani joins the list of global rich with family office in Singapore

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.

Crypto exchange ZebPay applies for license in Singapore, also eyeing UAE

Daily trading volume on ZebPay has dropped from a high of $122 million in October 2021 to just over $700,000, data from Nomics shows

Singapore faces challenge of finding foreign nurses for aging population

One key challenge for Singapore is to find enough foreign nurses to supplement local ones to care for the elderly as the health care system will require 24,000 of them by 2030, according to media reports. "They (nurses and healthcare staff) number 58,000 now and the Ministry of Health estimates that this will need to grow to 82,000 by 2030," Health Minister Ong Ye Kung told Parliament on Wednesday. Singaporeans and permanent residents make up about 72 per cent of Singapore's pool of registered and 63 per cent enrolled nurses. The rest are from the Philippines, Malaysia, China, India, Myanmar and other countries, according to a report by The Straits Times. Acknowledging the heightened international competition for nurses, Ong added that the ministry is supportive of a suggestion by Nominated MP and breast surgeon Tan Yia Swam of granting permanent residency to good performers. He also pointed out that by 2030, one in four Singaporeans will be aged 65 and above, up from one in six .

PhonePe completes process to move domicile from Singapore to India

All businesses, and entities now owned by and consolidated under PhonePe Pvt Ltd-India

China will feel increasingly isolated as supply chains shift: Gautam Adani

China's Belt and Road initiative has run into resistance in many countries, the founder and chairman of Adani Group said at a conference in Singapore

Singapore tourism recovers with Formula One's return, high Indian arrivals

Running of the Singapore F1 Grand Prix from September 30 to October 2 will signal Singapore's strong return as a host of world-class events after the Covid-19 pandemic

Piyush Goyal meets Singapore minister, discusses bilateral cooperation

Commerce and industry minister Piyush Goyal on Saturday met Singapore's Senior Minister Tharman Shanmugaratnam and discussed strengthening bilateral cooperation across several areas of mutual interest. Goel also had an interaction with CEOs & Investors at the Business Roundtable in Singapore and invited them to participate in India's growth story and benefit from the multitude of opportunities. "Met @Tharman_S, Singapore Senior Minister & Coordinating Minister for Social Policies. Discussed strengthening bilateral cooperation across several areas of mutual interest," Goel tweeted. "Held an engaging interaction with CEOs & Investors at the Business Roundtable in Singapore. (Prime Minister Narendra) Modi Govt. has brought about a sea change in India's investment ecosystem. Invited them to participate in India's growth story and benefit from the multitude of opportunities. Goel also met and addressed the Indian community in Singapore. He thanked them for holding India's flag .

India pitches green hydrogen, renewable financing to Singapore Deputy PM

India is expected to pitch green bonds and similar such new age financing tools for investment in the Indian renewable energy sector

Sitharaman participates in roundtable with Singapore, talks bilateral ties

During the meeting, the Ministers emphasised on ways of enhancing cooperation between the two countries in the emerging and futuristic areas.

Singapore's Deputy PM to arrive in India for 5-day official visit on Sep 17

Singapore's Deputy Prime Minister Lawrence Wong will arrive in India on Saturday on a five-day official visit to deepen the existing cooperation and identify opportunities for mutually beneficial collaboration in new and emerging areas, the Prime Minister's Office here said on Friday. This will be Wong's first official visit to the country in his capacity as the Deputy Prime Minister of Singapore. He will participate in the inaugural India-Singapore Ministerial Roundtable (ISMR) in New Delhi on Saturday, the Prime Minister's Office (PMO) said in a statement. The ISMR is a new ministerial platform between the two countries, seeking to "deepen existing cooperation and identify opportunities for mutually-beneficial collaboration in new and emerging areas", it said. Wong, who is also the Finance Minister, will attend the ISMR with Singapore's Minister for Foreign Affairs Vivian Balakrishnan, Minister for Trade and Industry Gan Kim Yong and Minister for Transport and Minister-in-charge

Singapore hoping special work visa will draw global 'rainmakers'

The regional financial hub announced new rules two weeks ago to draw expatriates earning at least $21,452 a month, offering them 5-year visas that would automatically allow their spouses to work also

Singapore unveils new work visas to lure talent in next-gen industries

"Singapore is still a global city," Prime Minister Lee Hsien Loong said in an address last month, in which he vowed to bolster the national workforce's skills

Banks in talks with Singapore's DBS to begin real-time remittance system

At least five Indian banks, including the State Bank of India and ICICI Bank, are in discussions with Singapore's DBS Bank to start a real-time remittance system using UPI as the backbone

Asia Cup 2022 qualifiers points table - team standing, NRR, wins and losses

Hong Kong Cricket team will play India in the Asia Cup 2022 after defeating the United Arab Emirates in the qualifiers. Read this article to know how the events unfolded at Asia Cup 2022 qualifiers

Singapore eases Covid-19 restrictions, masks only on public transport

Singapore on Wednesday relaxed its social-mixing restrictions on COVID-19 and said that wearing masks won't be mandatory from August 29 except on public transport and hospitals as the daily hospital cases have halved in the country. Speaking at a press conference to announce the relaxation of the masks mandate, Deputy Prime Minister Lawrence Wong said that masks will only be mandatory in two settings, the first being healthcare facilities, residential care homes and ambulances, as well as indoor premises within hospitals and polyclinics. And the second being public transport, the Channel News Asia quoted him as saying. Mask-wearing in the airport and on private transport modes such as school buses, private bus services and taxis will be optional, he said. The relaxation in the COVID-19 restrictions came as the daily hospital cases have halved from more than 800 in July to below 400 these days, the report said. But it will also be required on public transport such as the boarding a

Singapore decriminalises gay sex, a small step for LGBTQ in Asia-Pacific

Singapore's decision to decriminalise sex between men is being hailed as a step in the right direction for LGBTQ rights in the Asia-Pacific region, a vast area of nearly 5 billion people with different laws and attitudes. Although many places have decriminalised sexual acts between people of the same sex, only a few allow same-sex marriage, partnerships or unions. Singapore tempered its decision by saying it will amend its constitution to prevent such unions from ever taking place. Many of the region's bans on sex between men were instituted under British colonial rule in the 19th and 20th centuries, and the laws describe such acts as violations against the order of nature. Here are some details on the situation in the Asia-Pacific region: AUSTRALIA All states and territories repealed gay sex bans between 1975 and 1997, while Parliament legalised same-sex marriage throughout the country in 2017. The age of consent became equal for all sexual acts as of 2016. People convicted for