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

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 […]

S’pore, Chile, New Zealand to assess Canada’s application to join digital trade pact

SINGAPORE – Chile, New Zealand and Singapore, the three members of the Digital Economy Partnership Agreement (Depa), will start the formal process to assess Canada’s request to join the digital trade pact. This comes after Canada made a formal application to join Depa on May 9. The pact, which came into force in December 2020, […]

HKTDC welcomes measures to ease quarantine restrictions

HONG KONG, Aug 8, 2022 – (ACN Newswire via – The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong SAR (HKSAR) Government’s relaxation of entry quarantine measures, which will have a positive impact on Hong Kong’s economic recovery and strengthen the city’s international competitiveness. The HKTDC has been supporting Hong Kong’s small-to-medium […]

China’s trade surplus at record as exports beat expectations

BEIJIING (BLOOMBERG) – China’s trade surplus rose to a record as exports grew faster than expected, easing some concerns over waning global demand and providing support for an economy battling sporadic Covid-19 outbreaks and property woes. The nation’s trade balance climbed to about US$101 billion (S$139.4 billion) in July, surpassing the previous record set in […]

Economic impact of Taiwan flare-up seen as manageable, but risks linger for S’pore and region

SINGAPORE – The economic impact of the geopolitical tensions over Taiwan appears manageable so far but analysts fear there could be some short-term glitches in trade flows. They also said that in the long run, the widening gulf between the world’s two largest economies – China and the United States – will reinforce the ongoing […]

S’pore and South American trade bloc Mercosur conclude FTA talks

SINGAPORE – Singapore and South American trade bloc Mercosur have “substantively concluded” negotiations on a free trade agreement (FTA) that is expected to lower business costs, ease tariffs and facilitate new ways of doing business, such as through e-commerce. The Mercosur-Singapore Free Trade Agreement (MCSFTA) will facilitate greater flows in investment, knowledge and innovation for […]