Singapore

This is 62 per cent of 2019's first quarter figure of the 4.7 million people who visited Singapore in the first quarter of 2019

The total assets under custody (AUC) from Mauritius declined nearly 42 per cent to Rs 6.66 trillion at the end of March 2023, from Rs 10.88 trillion a year ago.

According to sources, GIC is in the final leg of three real-estate deals in the country. They relate to properties or significant stakes in portfolios of key investors

Branded also produces It's A Girl Thing, an empowerment platform and touring festival for young women and Creator World, one of Asia's newest event platforms for young influencer

About 300 locals worked on Crazy Rich Asians including production crew and a dozen local actors, while landmarks such as Marina Bay Sands and Merlion Park were featured

Singapore government on Friday sold its 2.9 per cent stake in Phoenix Mills, a retail-led mixed-use developer, for Rs 670 crore through an open market transaction. Following the deal, shares of Phoenix Mills declined 3.33 per cent to settle at Rs 1,296 apiece on the National Stock Exchange (NSE). In a bulk deal data transaction on NSE, the Singapore government offloaded more than 51.49 lakh shares, amounting to a 2.88 per cent stake in the firm. The shares were sold at an average price of Rs 1,300.15 apiece, taking the transaction value to Rs 669.54 crore. However, the seller(s) of the shares could not be ascertained. The Singapore government-owned a 4.28 per cent stake in the company as of the December quarter, the latest shareholding data showed with the bourse. Phoenix Mills Ltd is India's leading retail mall developer and operator with approximately 0.64 million square metres of retail space spread across six gateway cities of India. The Mumbai-based firm is the pioneer of .

India was the second most tourist-generating market for Singapore in 2022 with 686,000 Indians visiting the country, whose cruise industry has seen a significant recovery post-Covid-19 pandemic. In total, tourists visiting Singapore reached 6.3 million in 2022, exceeding the Singapore Tourism Board's (STB) forecast of 4-6 million following a recovery from the COVID-19 pandemic. The Indian market is an important source for our cruise industry, Minister in charge of Trade Relations and Transport S Iswaran told PTI on Wednesday. Together with Singapore tourism partners, the Singapore Tourism Board (STB) is looking forward to welcoming our Indian friends to experience our new and transformed attractions and experiences, and reimagine what a completely enjoyable family vacation can be, said STB. The top tourist-generating market was Indonesia with 1.1 million visitors. India was among the second most tourist-generating markets for Singapore in 2022 with 686,000 visitors followed by 591,

If it looks like the US is halting its monetary-tightening campaign because disinflation is on the horizon, risk sentiment may start improving

The Asian hub edged Doha's Hamad International Airport into second place, with Tokyo's Haneda Airport bagging third, in the Skytrax World Airport Awards 2023

The Singapore Exchange's regulatory arm may order an independent review if there are areas of concern, said Tharman, who also serves as minister in charge of the Monetary Authority of Singapore

Foreign businessmen in Singapore will have to invest significantly higher and hire more locals to qualify to become permanent residents under the Global Investor Programme (GIP) from March 15, making it more costly to be based in the city-state. As per the changes announced by the Economic Development Board (EDB) on Thursday, foreign investors, including those keen on setting up family offices here, will have to channel additional funds to the local financial system and hire more locals, The Straits Times newspaper reported. The new requirements will kick in on March 15 this year and generate more jobs for Singaporeans in the finance, tax, fund management and legal sector, the statutory body under the Ministry of Trade and Industry said. The GIP, launched in 2004, accords permanent residency to eligible global investors who intend to drive their businesses and investment growth from Singapore. It was last revised in March 2020. The programme is part of the government's efforts to .

From September this year, Singapore-based companies that want to hire foreign nationals on an Employment Pass (EP) will have to ensure their educational qualifications are authentic, amid reports that an Indian university was selling fake degrees. In 2021, Singapore's Ministry of Manpower (MOM) investigated 23 foreigners who graduated from Manav Bharti University in the state of Himachal Pradesh. Two people were jailed for submitting false qualifications in their work pass applications, while 19 were permanently barred from working in Singapore. Employers will have to submit third-party verification proof for applicants with diploma-level qualifications and above, web portal Channel News Asia reported, quoting Singapore's Ministry of Manpower (MOM). "Today, employers are already responsible for ensuring the authenticity of their candidate's qualifications before hiring," Manpower Minister Tan See Leng said in Parliament on Wednesday. The probe in Singapore began after MOM was aler

Computer software and hardware manufacturing were the highest recipient of FDI at $8.07 billion

The Singapore Indian Chamber of Commerce and Industry (SICCI) has urged Small and Medium Enterprises (SMEs) in the city-state to use the PayNow-UPI linkage for business dealings with India for ease of payment. SICCI Chairman Neil Parekh, while welcoming the launch of the linkage of India's Unified Payments Interface (UPI) and Singapore's PayNow on Tuesday, also emphasised that the SMEs stand to benefit from the launch of the cross-border real-time digital payment system. The launch is timely as both countries have resumed normalcy, and Singapore continues to see a steady and high influx of Indian entrepreneurs coming to Singapore for business delegation meetings with their counterparts and our Chamber, Parekh said. Small and medium enterprises stand to gain with this launch of real-time payment, and SICCI strongly urges SMEs who have business dealings with India to use the scheme for ease of payment, Parekh told PTI. Singapore Prime Minister Lee Hsien Loong and his Indian counterpa

On Tuesday, India and Singapore linked their digital payment systems, United Payments Interface (UPI) and PayNow, to enable real-time money transfers

UPI-PayNow linkage world's first to feature cloud-based infra

Singapore Prime Minister Lee Hsien Loong on Tuesday said the linkage between India's Unified Payments Interface (UPI) and Singapore's PayNow will allow people in the two countries to undertake faster and cost-efficient digital transfers, and exuded hope that this "strong partnership" will continue to spawn innovative technology solutions. Prime Minister Lee and his Indian counterpart Narendra Modi witnessed the launch of the cross-border connectivity of real-time digital payment systems via video conferencing. "I am very happy to join you (Narendra Modi) virtually for the launch of the real-time retail payment systems linkage between Singapore's PayNow and India's UPI (Unified Payments Interface)," Lee said. The launch was attended by Reserve Bank of India (RBI) Governor Shaktikanta Das and Monetary Authority of Singapore (MAS) managing director Ravi Menon. Das and Menon carried out the first transaction of the cross-border system as well. "The PayNow-UPI linkage will offer cheape

The India-Singapore payment connection is part of the trend in Asia where instantaneous, cross-border fund transfers via mobile phones are happening

The launch will be done by RBI Governor Shaktikanta Das and Ravi Menon, managing director of Monetary Authority of Singapore

The Uttar Pradesh government inked 20 MoUs with the Government of Singapore for investment of over Rs 29,000 crore in various sectors