A media release from the Ministry of Health in Singapore said: “Under the enhanced [Assurance Package], about 2.9 million Singaporeans aged 21 and above in 2025 will receive SGD 200 to SGD 600 in cash in December 2024.”
Hashtag: #Finance
Nvidia rides Trump wave to breach USD 3.6 trillion mark, overtakes Apple as most valued company
Donald Trump’s return to the White House has had a bullish effect on certain American companies. Shares of chip making giant Nvidia moved north to close at a value of USD 3.65 trillion on Thursday, November 7.
State Bank of India launches innovation hub at Singapore Fintech Festival to drive digital transformation
The State Bank of India (SBI) Innovation Hub was launched in partnership with APIX, a Singapore-based leading global collaborative innovation platform for financial institutions and fintechs at the festival, being held November 6-8.
Singapore: OCBC to allow 7-year-olds to operate bank accounts, own debit cards
A “kill switch” can also be activated to freeze their account. Using the OCBC Digital app, they can lock and unlock their debit card to prevent digital banking, debit card and ATM access if they suspect their account has been compromised.
Microsoft and CrowdStrike stocks bearish on Wall Street after Blue Screen error affects global institutions
The Wall Street movement on Friday coincided with a significant global outage that caused delays for flights, banks, and even doctor’s appointments.
Indian startup Timbuckdo raises seed funding of USD 238K from angel investors Morton Meyerson and Nandkishore Kalambi
Founded by Mythri Kumar and Apoorv Sharma Prasad, Timbuckdo connects students with part-time gig opportunities, bridging the gap between students seeking flexible employment and businesses in need of part-time support.
Bitcoin soars to USD 62,800 following Trump rally shooting
The ripple effects of this price surge were felt across the broader cryptocurrency market.
Singapore banks to gradually replace OTP with digital token for login
This will better protect them against phishing scams, which were among the top five scam types last year, with at least SGD 14.2 million lost to these scams, as per the Singapore Police Force Annual Scams and Cybercrime Brief 2023.
Singapore and UK hold 9th Financial dialogue, bolster partnership in fintech and sustainable finance
The UK and Singapore renewed their commitment to engagement beyond the Dialogue through a series of roadmap engagements to explore further cooperation in sustainable finance and fintech and innovation, ahead of the next Financial Dialogue due to be held in the UK in 2025.
Singapore: MAS introduces amendments to Payment Services Act; Changes to take effect in stages from April 4
MAS stated that the amendments will empower it to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.
