Page 7 - Singapore

Fintech firm Decentro initiates reverse-flip process from Singapore

This comes at a time when the Bengaluru-based firm is raising about ₹30 crore as part of the Series-B funding round led by InfoEdge Ventures

Singapore court rejects restructuring plan of WazirX parent Zettai

Zettai's failure to disclose a Panama-based subsidiary led Singapore High Court to reject its crypto restructuring plan, delaying payout of seized digital assets

Piyush Goyal discusses opportunities in Indian shipping sector with S'pore

Commerce and Industry Minister Piyush Goyal on Tuesday held a meeting with Singapore's Deputy Prime Minister Gan Kim Yong and discussed ways to boost economic ties and huge opportunities in the Indian shipping sector. Goyal is here on an official visit to meet French leaders and businesses to host trade and investments between the two countries. In the last three-days, the minister has held a series of meetings with top CEOs and ministers, including International Energy Agency ED Fatih Birol, Nigeria's trade minister Jumoke Oduwole, French minister of economy and finance Eric Lombard, automotive supplier company Valeo Group CEO Christophe Perilat, and L'Oreal Groupe CEO Nicolas Hieronimus and highlighted huge investment opportunities in India. Goyal, in a post on X, said that he held a meeting with Gan Kim Yong, Singapore's Deputy Prime Minister and Minister for Trade and Industry. "Discussed enhancing our bilateral trade & investment ties. Also, highlighted the tremendous ...

Singapore leads as India's largest FDI source for seventh straight year

Singapore continued to be India's largest source of foreign direct investment (FDI) for the last seven years, as the country received the highest inflows of about USD 15 billion in 2024-25. The overseas inflow grew 13 per cent to USD 50 billion in the last fiscal. The total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 14 per cent to USD 81.04 billion during the last financial year. It is the highest in the last three years. FDI from Singapore in 2024-25 increased to USD 14.94 billion from USD 11.77 billion in 2023-24, according to the latest government data. Singapore accounted for around 19 per cent of total inflows in 202425. Since 2018-19, Singapore has been the largest source of such investments in India. In 2017-18, India attracted the maximum FDI from Mauritius. In the last fiscal, the country received USD 8.34 billion in foreign inflows from Mauritius. During 2024-25, Mauritius was followed by the US (USD 5.45 billion), the Netherland

All-party delegation led by Sanjay Jha meets Indian envoy in Kuala Lumpur

The High Commissioner provided the delegation with an in-depth briefing on India's ties with Malaysia

Macron, Hegseth to address China, Ukraine war at Singapore security forum

French President Emmanuel Macron and US Defence Secretary Pete Hegseth are among the world leaders, diplomats and top defence officials in Singapore this weekend for a security forum that will focus on China's growing assertiveness, the global impact of Russia's war on Ukraine and the flare-up of conflicts in Asia. Macron opens the conference with a keynote address Friday night that is expected to touch on all of those issues, as well as the pressure the hefty tariffs announced by US President Donald Trump's administration is putting on Asian allies. It's Hegseth's first time to the Shangri-La dialogue, hosted by the International Institute for Security Studies, which is taking place against the backdrop of heightened rhetoric between Beijing and Washington due to the Trump administration's threat of triple digit tariffs on China, and some uncertainty in the region over how committed the US is to the defence of Taiwan, which also faces possible 32 per cent American tariffs. China ..

China's development lender AIIB plans to open Singapore, Hong Kong offices

The bank may announce the move at its annual meeting in June if it can finalise the host member agreements with their respective governments

All-party delegation briefs Singapore minister on India's anti-terror stand

An all-party parliamentary delegation in a meeting with a senior Singaporean minister conveyed India's stance on the events since the terror attack in Pahalgam, Operation Sindoor and the new normal in its policy of combating terrorism. The delegation led by JD(U) Rajya Sabha MP Sanjay Kumar Jha arrived here from South Korea. "All-Party Parliamentary Delegation called on H E Ms Sim Ann, Senior Minister of State for Foreign Affairs and Home Affairs of Singapore. The delegation conveyed India's stance on the events since the terror attack in Pahalgam, Operation Sindoor and the new normal in India's policy of combating terrorism," the High Commission of India in Singapore posted on X. During their stay here, the delegation will meet with Singaporean Ministers, Members of Parliament, representatives of think tanks, academia, businesses, media and the Indian community. Earlier, High Commissioner Shilpak Ambule briefed the delegation, setting the context for engagements in Singapore to .

Myntra launches Myntra Global in Singapore, targets Indian diaspora

Myntra Global, Indian fashion, Singapore launch, Nandita Sinha, Walmart, cross-border shopping, Indian diaspora, online retail, made-in-India, fashion exports

Myntra goes global with Singapore launch, targets Indian diaspora

Fashion and lifestyle e-commerce platform Myntra on Monday announced its foray into Singapore as part of its growth strategy. The move, targeted at around 650,000 Indian diaspora in the Lion City, is part of Myntra's broader growth strategy, aiming to tap into new customer segments and build stronger international brand affinity over the coming years, Myntra said in a statement. Myntra has already observed notable organic interest, with around 30,000 users from Singapore visiting its existing platform, Myntra CEO Nandita Sinha said. "We have launched Myntra Global in Singapore, focused on presenting Indian fashion to the world. Made in India brands, which cater to the Indian diaspora, especially around Indian needs, are what we are bringing to the customers. "We have a huge Indian diaspora in a country like Singapore -- almost 650,000 Indians live in Singapore. As we were going through our data...we realised that almost 30,000 of these users are actually visiting us every month. We

Covid-19 spike in Hong Kong, Singapore not yet a concern for India: Experts

Doctors advise calm as India sees just 58 new Covid-19 cases amid a rise in HK and Singapore; experts highlight low hospitalisation and no serious strain currently

Jindal family sells stake worth ₹1.2K crore to fund AkzoNobel India buy

Jindal family sells ₹1,210 crore worth of shares in JSW Infra to comply with MPS norms and raise funds for JSW Group's proposed acquisition of Akzo Nobel India

Covid-19 wave returns in Asia, cases increase in Hong Kong, Singapore

Covid-19 cases are rising sharply across Asia, with Hong Kong, Singapore, China, and Thailand reporting spikes. However, despite rising cases elsewhere in Asia, India has not reported any increase

Covid-19 cases spike in Hong Kong, S'pore as new wave spreads across Asia

Covid's comeback just as much of the northern hemisphere enters into summer shows the virus can still sicken a large swath of the population even when the weather is hot

Singapore issues advisory, asks citizens to defer travel to J&K, Pakistan

Singapore has advised its citizens to defer all non-essential travel to Jammu and Kashmir in India, and to Pakistan, amid tensions between the two neighbours. Singapore's Ministry of Foreign Affairs (MFA) on Wednesday asked travellers to exercise caution, particularly in border regions between Pakistan and India. "Singaporeans in India and Pakistan are advised to remain vigilant and take all necessary precautions for personal safety, including avoiding large gatherings, monitoring local news closely, heeding instructions of local authorities, and eRegistering with MFA," the ministry said in a statement. The latest advisory is an update on the one issued on April 30, which only cautioned travelling to "high-risk areas" in Pakistan. The advisory added that Singaporeans in India and Pakistan can also seek consular assistance. Travel agencies in Singapore are re-evaluating tours to Jammu and Kashmir, and Pakistan. The tension in the region has disrupted travel, with more than 50 flig

Ex-economist Lawrence Wong returns to lead Singapore amid tariff turmoil

Days ahead of the general election, Lawrence Wong said in a changed world his team's mission is clear: to steer Singapore through the storm, and secure a brighter future for Singaporeans. The economist-turned-politician Wong led his People's Action Party to a landslide win in Singapore's general election on Saturday. The tariff war triggered by US President Donald Trump dominated his campaign. Stating that both the US and China claim they do not wish to force countries to choose sides, but, in reality, each seeks to draw the other closer into their respective orbits, Wong pointed out how this rivalry is already reshaping the world and will continue to define the geo-political landscape for years to come. We are in the midst of a messy transition globally. To what? Nobody can tell, he said in April third week. Transition is not new for US-educated Wong, 52. In May last year, he had taken oath as the prime minister in a planned political transition in the city-state. Wong, who has

PM Wong's PAP wins two-third majority in Singapore general election

Prime Minister Lawrence Wong and his People's Action Party (PAP) has secured two-third seats or the 65 required from 97 contested in the general election held on Saturday to form the next government in Singapore. The opposition Workers' Party has won six seats and is leading in four seats. As results are coming in, the PAP is leading in the rest of the seats. Wong and the PAP had sought a new mandate from the general election in the midst of uncertainties caused by the US trade tariff to global economies. The PAP, Singapore's oldest and largest political party that has ruled the city-state ever since independence, has secured absolute majority to rule the prosperous country for the next five years. About 2.6 million Singaporeans voted on Saturday for 92 contested seats as PAP's Group Representation Constituency for Marine Parade-Braddell Heights had a walkover on nomination day on April 23. This was Wong's first election as prime minister of the global-business focused Singapore

Pak goods worth $500 mn likely entering India via third countries: Official

Goods like dry fruits and chemicals worth USD 500 million are believed to be entering India through third countries including the UAE, Singapore, Indonesia and Sri Lanka, an official said. According to the official, it is said that a substantial proportion of USD 500 million exports from Pakistan which were earlier directly exported to India are now being rerouted through other countries. While Pakistani fruits, dry dates, leather, and textiles are repackaged and relabeled in the UAE for exports to India, chemicals are likely to be routed through Singapore. Similarly, Indonesia is being used as a transit route for Pakistani cement, soda ash, and textile raw materials. From Sri Lanka, it is expected that Pakistani dried fruits, salt, and leather goods were being shipped to India. Since there is a possibility of some of the USD 500 million exports now being routed to India through other countries, it is necessary to put a complete ban on exports from Pakistan to India (direct or ...

Singapore votes amid US-China trade tensions, ruling PAP seeks re-election

A total of 2,758,846 registered Singaporean voters are heading into polling booths for the 19 General Election 2025 (GE2025) to elect the next government which is set to face strong global headwinds caused by trade tariffs announced by the United States, the biggest trading partner of the Southeast Asian city-state. Voting began at 8 am on Saturday at 1,240 stations set up island-wide, with polling polling booths set to be be closed at 8 pm and results expected late at night. Prime Minister Lawrence Wong, completing nearly a year in office, is seeking a fresh mandate for the ruling People's Action Party (PAP), which has governed the city-state since independence and steered its development into a global financial hub. Singapore is in the cross road between US and China trade war, a diplomatic source said, adding that the trade focused island has strong diplomatic and economic relations with both the giant economies, a fall off from which will affect its future progress. Multination

Hong Kong's 1967 lesson: Move fast to win Asia's rich in dollar turmoil

Hong Kong must expand yuan-denominated options to attract asset inflows, leveraging its liquidity edge over Singapore in the race for wealthy investors