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BUSINESSAug 31Singapore to invest US$173m over 3 years to boost fintech innovationSingapore will commit S$220 million (US$173 million) over three years to boost its fintech sector, including co-funding at least 1,000 internships in a strong push to build talent for AI and other emerging technologies. The funds come under the latest iteration of the Financial Sector Technology and Innovation Scheme (FSTI), which aims to strengthen the country’s fintech space and accelerate innovation and technology adoption in the financial sector. The industry currently has more than 1,800...South China Morning Post
POLITICSAug 31Singapore may require social media firms to set daily time limits for teensSingapore plans to introduce legislation early next year requiring social media platforms to roll out stronger safeguards for teens, including possibly setting a daily time limit, Minister for Digital Development and Information Josephine Teo has said. If a platform could not or did not want to introduce these stronger safeguards, Singapore intended to raise the minimum age of access to that platform to 18, Teo told journalists in an interview on Friday. The government wanted to know what...South China Morning Post
WORLDAug 31Singapore is scrambling to stabilize birthrates. Experts say there are lessons for the U.S.Singapore has unveiled a national initiative built entirely around its collapsing birth rate. Some demographers say the plan includes policy ideas that could help American parents.NPR News
BUSINESSAug 31Hong Kong and Singapore property shrug off fund tax breaksThe long-standing rivalry between Asia’s two leading financial centres is heating up. As Hong Kong and Singapore compete harder for investment talent, tax incentives for fund managers have emerged as the new battleground. A government bill working its way through Hong Kong’s Legislative Council would result in sweeping changes to tax rules on carried interest. The legislation, which is expected to be approved later this year, would offer preferential tax treatment to a wider range of alternative...South China Morning Post
BUSINESSAug 31Singapore firms keen to tap Northern Metropolis’ ‘massive potential’, envoy saysSingaporean businesses are keen to explore the “massive potential” emerging in Hong Kong’s Northern Metropolis megaproject after the country’s prime minister visited the site earlier this year, its top envoy to the city has said. In an exclusive interview with the South China Morning Post, Singapore’s consul general to Hong Kong, Eric Teo Boon Hee, said the country’s business chambers were considering fact-finding missions to explore opportunities in the 30,000-hectare development. During a...South China Morning Post
POLITICSAug 31Hong Kong, Singapore can work to expand the pie, competition not zero-sum: envoySingapore and Hong Kong do not view each other as enemies, but rather admire one another’s accomplishments, the country’s top envoy to the city has said, calling for greater cooperation between the two jurisdictions often cast as fierce rivals. Eric Teo Boon Hee, Singapore’s consul general in Hong Kong, said Asia was big enough to accommodate two financial centres and that both sides should work together to “expand the pie” as capital rushed into the region. Speaking exclusively to the South...South China Morning Post
POLITICSAug 31Small state, big agenda: Singapore prepares to steer Asean through crisisEvery bloc needs a chair capable of getting things done – and Southeast Asia watchers say that description fits no country better than Singapore. The city state will get the chance to prove it in the bloc’s 60th anniversary year, after it takes the Asean helm from the Philippines on January 1. Speaking at Singapore’s National Day Rally on August 22, Prime Minister Lawrence Wong said the world was becoming more fractured and dangerous – one that the city state would have to “endure and survive...South China Morning Post
POLITICSAug 30Singapore tackles finances and culture to avert a demographic crisisOne challenge for policy makers is that success on many measures won't show up immediately.CNBC
MILITARYAug 30USS Abraham Lincoln sails past Singapore on its way home from Middle EastThe USS Abraham Lincoln is sailing past Singapore as it returns home from the Middle East. This describes a routine movement of a U.S. Navy aircraft carrier.10news.com · United States
MILITARYAug 30USS Abraham Lincoln sails past Singapore on its way home from Middle East – Winnipeg Free PressThe USS Abraham Lincoln is sailing past Singapore while returning from the Middle East, indicating a significant naval movement. This event is reported by the Winnipeg Free Press.winnipegfreepress.com · Canada
MILITARYAug 30US aircraft carrier passes Singapore amid reports of problemsEl portaaviones USS Abraham Lincoln, tras un largo despliegue en Oriente Medio, fue visto cerca de Singapur rumbo a su base en EE. UU.Se reportan problemas de salud mental y falta de suministros tras 250 días en el mar. El buque hará escala en Tailandia para descanso.Clarín
BUSINESSAug 30Wife of British man who died after turbulence sues Singapore AirlinesThe wife of a British passenger who died after severe turbulence struck Singapore Airlines (SIA) flight SQ321 in May 2024 has begun legal proceedings against the carrier in Britain, seeking damages after she suffered serious spinal injuries in the incident. Linda Kitchen, 74, broke her back during the flight and has begun High Court proceedings seeking damages to help her access specialist support for her recovery, the BBC reported. Her husband Geoff Kitchen, 73, had also died on the...South China Morning Post
BUSINESSAug 29Temasek backs Singapore Airlines’ Air India investment amid growing scrutinySingapore state investor Temasek, the ⁠majority shareholder of Singapore Airlines , on Saturday backed the airline’s investment in Air India, as scrutiny grows over its stake in the loss-making Indian carrier. Air India’s request for about US$1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines was ‌first reported by Reuters this week. Singapore Airlines owns 25.1 per cent of India’s second-largest airline, with the rest owned by Tata. News of the funding request prompted...South China Morning Post
BUSINESSAug 29Singapore to auction luxury goods, properties from US$2.4 billion money laundering caseMore than 1,000 luxury items and 80 real estate properties forfeited in Singapore’s S$3 billion (US$2.4 billion) money laundering case would go under the hammer from September 7, audit firm Deloitte said on Saturday. The properties will be auctioned by SRI, Edmund Tie & Company and Knight Frank, while auction house Hotlotz will handle the luxury goods, comprising jewellery, watches and handbags. Some selected properties will also be offered for sale through an expression of interest process run...South China Morning Post
POLITICSAug 29Singapore Offers Parents $55 , 000 to Boost Plunging Birth RatesSingapore is offering parents $55,000 as an incentive to address its declining birth rates. This is a governmental effort to tackle a significant demographic issue.chiangraitimes.com · Thailand
CYBERAug 28How Singapore investors are lured by foreign-stock scamsFor more than a month, Aaron* thought he and his wife were learning how to trade stocks. Only later would they realise the lessons were part of the trap. The Singaporean business owner had found a group of self-styled investment experts on Facebook, claiming to offer foolproof tips and guaranteed returns. Soon, he and his wife, who were dabbling in stocks for the first time, were spending about two hours every other day in a WhatsApp group chat with dozens of other participants, taking lessons...South China Morning Post
POLITICSAug 28Singapore’s plans to clear forest for homes lead to rare public protestsBid to rezone forested areas for housing prompts unusual public opposition in Southeast Asian city-state.Al Jazeera [en]
BUSINESSAug 27China’s super-rich fled Singapore. Now they want to come backWealthy Chinese are reconsidering Singapore as Beijing’s offshore wealth scrutiny and geopolitical risks make alternatives less attractive.CNBC
BUSINESSAug 27Singapore MP opposes Temasek funding for Air India amid US$1.5 billion pleaA Singapore opposition lawmaker has urged that state investor Temasek’s money not be used to shore up Air India, after the Indian carrier had asked owners Tata Sons and Singapore Airlines, which Temasek majority-owns, for US$1.5 billion. Kenneth Tiong, a member of parliament for the opposition Workers’ Party, said ‌in a social media post on Wednesday that because Singapore Airlines owns about 25 per cent of Air India and Temasek in turn owns most of the Singapore carrier, the request was “not...South China Morning Post
CYBERAug 27Can Singapore’s new anti-scam rules help stop online fraud before it occurs?Singapore’s new rules for messaging platforms mark a significant shift in the country’s fight against scams, placing greater responsibility on digital services to help stop fraudsters before they reach potential victims, as the government seeks stronger penalties for non-compliance. Analysts said the requirements could reduce the number of people exposed to scams and offer a potential model for other Southeast Asian countries, while cautioning that sophisticated fraudsters could adapt and seek...South China Morning Post
BUSINESSAug 27Singapore police raid iron ore trader Radiant World over fake document claimsSingaporean police raided the local office of iron ore trader Radiant World last week and questioned some of the firm’s employees, according to people familiar with the matter, part of an investigation into the company’s transactions after some counterparties raised concerns about allegedly falsified documents. Several major commodity traders have cut ties with the company amid concerns that it provided invoices or other documents to its banks that were not valid. The Singapore police said that...South China Morning Post
BUSINESSAug 27Hong Kong remains most international city in Asia, widening lead over SingaporeHong Kong has widened its lead over Singapore as Asia’s most international city, buoyed by gains in innovation and ideas, but still trails in attracting technology investment, a leading business chamber study has found. The Hong Kong General Chamber of Commerce’s annual Asian Cities Internationality Index, released on Thursday, ranked Hong Kong first among 11 Asian cities with 74.6 out of 100 points in a measure of seven key areas. Its lead over Singapore widened to two points, up from 0.2...South China Morning Post
WORLDAug 26What Kenya must learn from Singapore affordable housing modelKenya is advised to consider lessons from Singapore's successful affordable housing model. This suggests a potential policy transfer to address housing challenges.standardmedia.co.ke · Kenya
WORLDAug 26Asian Games : Ray of hope for Dayne as GOA urges review after Singapore sailor withdrawal | Goa NewsThere is renewed hope for Dayne at the Asian Games following a request by GOA for a review after a Singaporean sailor withdrew. This development could impact the competition outcome for Dayne.timesofindia.indiatimes.com · India
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