Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Chinese and Indian foreign ministers stress dialogue on dispute at BRICS session in New York

Chinese State Councilor and Foreign Minister Wang Yi (R) meets with Indian External Affairs Minister Subrahmanyam Jaishankar on the sidelines of the Group of 20 (G20) foreign ministers' meeting in Bali, Indonesia, July 7, 2022. (Xinhua/Xu Qin) Chinese State Councilor and Foreign Minister Wang Yi and Indian External Affairs Minister Subrahmanyam Jaishankar highlighted the importance […]

New UK finance minister seeks end to ‘cycle of stagnation’

Britain's Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street in London, Wednesday, Sept 7, 2022 for the first cabinet meeting since Liz Truss was installed as British Prime Minister a day earlier. (ALBERTO PEZZALI / AP) LONDON  –  New British finance minister Kwasi Kwarteng will detail close to 200 billion pounds ($225 billion) […]

Strong property market, Singapore’s reopening fuel higher land betterment charge rates

SINGAPORE – Land betterment charge (LBC) rates have been raised for residential, commercial and industrial use for the next six months from Friday, with the rates for non-landed residential use seeing the biggest increase due to a robust property market as well as healthy bids for state-owned land and collective sale sites. Developers pay a LBC […]

S’pore core inflation near 14-year high of 5.1% in August on more costly food, services

SINGAPORE – Consumer prices in Singapore continued to climb in August and core inflation hit a near 14-year high, on the back of more costly services and food. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 5.1 per cent year on year, up […]

DBS opens up digital exchange for accredited wealth investors to trade crypto

SINGAPORE – DBS Bank on Friday announced the roll-out of self-directed crypto trading on DBS digibank, enabling the bank’s wealth clients who are accredited investors to trade cryptocurrencies on the DBS Digital Exchange (DDEx) at their convenience. For a start, some 100,000 DBS Treasures wealth clients in Singapore will be able to trade four cryptocurrencies […]