Plans to open a new office in the western Chinese city of Chongqing is on the back of the the third government-to-government project between Singapore and its Chinese counterparts.
Six local founders tell Channel NewsAsia why they are willing to ditch the promise of six-figure bonuses as bankers, traders and financial analysts for the hard-toiling life of making a start-up work.
Investments in digitising the bank has opened up new revenue streams at lower costs for Singapore’s biggest lender. Channel NewsAsia sat down with DBS Bank CEO Piyush Gupta to find out more about the bank's move towards digitalisation.
The investment, led by Temasek subsidiary Heliconia Capital, is said to be an eight-figure sum.
The blockchain technology works by creating permanent, public "ledgers" of all transactions that could potentially replace complicated systems such as clearing and settlement with one simple database.
Britain’s vote to leave the European Union (EU) has thrown global stock and currency markets into disarray but this immediate impact on financial markets is not a “major concern”, Deputy Prime Minister Tharman Shanmugaratnam said in Parliament on Monday.
City officials can load various customisable applications on the platform in four key areas - security, efficiency, sustainably and community.
Cities around the world have one common challenge: To ensure that they are liveable, inclusive and sustainable places, Deputy Prime Minister Tharman Shanmugaratnam says at the joint World Cities Summit, Singapore International Water Week and CleanEnviro Summit.
It is also investigating whether any of the hoverboards recently recalled by the US Consumer Product Safety Commission have been sold in Singapore.
The proposed amendments include increasing the corporate income tax rebate for 2016 and 2017 and doubling the allowance for mergers and acquisitions.