Singapore


Singapore heads for arbitration dominance over Hong Kong

Singapore cements arbitration venue dominance over Hong Kong

(ATF) Singapore has outpaced Hong Kong as a venue for arbitration in a further blow to the Chinese special administrative region's once-respected legal system.The Singapore International Arbitration Centre (SIAC) said a record 1,080 new cases had been filed in 2020, more than double the figure of the previous year, underscoring …

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Singapore aims for tighter rules than US to attract SPAC listings

Singapore aims for tighter rules than US to attract SPAC listings

(ATF) Singapore plans to impose more stringent rules than the US for so-called blank-cheque companies that seek a listing in the southeast Asian city state.On Wednesday, Singapore Exchange started a public consultation on a regulatory framework for listing special purpose acquisition companies (SPACs), which are shells that launch with the …

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Malaysia bites bullet and pays Singapore $76m over axed rail link 

Malaysia bites bullet and pays Singapore $76m over axed rail link

Singapore is to receive more than $76 million in compensation after neighbours Malaysia pulled the plug on a planned high-speed bullet train link between the nations.Malaysia has agreed to pay the money after years of stop-start negotiations on the doomed project, officials said on Monday.The 350-kilometre (217-mile) railway was expected …

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Big auto port planned in Chongqing for ASEAN trade

Big auto port planned in Chongqing for ASEAN trade

(ATF) Officials in Chongqing – a sprawling megacity of about 30 million on the Yangtze River in southwestern Sichuan – are planning major infrastructure projects, such as high-speed rail links and a large wharf at home.But businesses in the city are also planning developments in different parts of Southeast Asia, …

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Aussie oil refinery closures could play into Beijing's hands

Aussie oil refinery closures could play into Beijing's hands

(ATF) Natural resource-rich Australia, the world’s largest producer of liquefied natural gas (LNG) and the largest coal and uranium exporter, has found itself in yet another energy bind.The country has experienced natural gas pains due to it exporting the fuel, while leaving little for its domestic market. This prompted a …

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Singapore says 2020 was worst year for jobs in two decades

Singapore says 2020 was worst year for jobs in two decades

(ATF) Singapore last year recorded its sharpest employment contraction in more than 20 years, official figures showed.Overall employment, excluding foreign domestic workers, shrank by 166,600 in 2020, according to the labour ministry. Non-residents accounted for all of the employment decline, losing 181,500 positions.Singapore resident employment rebounded by 14,900 jobs to …

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Shanghai close to overtaking London as world’s second finance centre 

Shanghai close to overtaking London as world’s second finance centre 

New York has retained its position as the world’s top financial centre while London looks to be losing its grip on the second place it has held for some time – with several Asian centres just behind the UK capital.The latest Global Financial Centres Index (GFCI) shows London clinging on …

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Singapore urged to freeze accounts holding Myanmar reserves 

Singapore urged to freeze accounts holding Myanmar reserves

(ATF) Activists in Southeast Asia have called on the Singapore government to freeze accounts holding billions of Myanmar funds in local banks, in case the generals who seized power in the troubled Southeast Asian nation try to make further efforts to withdraw state reserves.The plea came after news emerged that …

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Finance and govt turn to blockchain solutions in Singapore

Finance and govt turn to blockchain solutions in Singapore

(ATF) Singapore’s Government Technology Agency (GovTech) and Ministry of Health say they have developed a 'globally interoperable' standard known as HealthCerts to verify Covid-19 test results – and speed up clearance through immigration checkpoints when travelling. HealthCerts is powered by blockchain-technology to issue legitimate digital documents such as vaccination certificates …

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Some tips and history for HKEX’s new chief

Some tips and history for Hong Kong Exchange’s new chief

(ATF) Earlier this month, Hong Kong Exchanges & Clearing announced that 52-year-old Argentine Nicolas Aguzin will succeed Charles Li as CEO of the world’s 5th largest stock exchange. Both executives share an American educational background – Li went to Columbia, Aguzin to Wharton – and both joined HKEX directly from …

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