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Singapore Proposes Mandatory Caning for Scammers, Up to 24 Strokes; Mules Face Discretionary Caning Under New Laws

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SINGAPORE — The Ministry of Home Affairs (MHA) has introduced a proposed Criminal Law (Miscellaneous Amendments) Bill that would significantly toughen penalties for scam-related offences. Among the more controversial measures: mandatory caning for certain scam perpetrators and discretionary caning for those who help as “mules” — for example, by providing SIM cards, Singpass credentials, or … Read more

Shanmugam Demands Opposition Parties Immediately Reject Identity Politics and Foreign Interference

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SINGAPORE — On October 14, 2025, Home Affairs and Coordinating Minister for National Security K. Shanmugam made a strong plea in Parliament for opposition parties to “immediately, clearly and unequivocally” reject attempts to inject religion, race or foreign influence into Singapore’s political discourse. Key Concerns Raised What Shanmugam Wants Context & Examples Implications

AMCREIT Acquires NMC Royal Hospital Real Estate in AED 1.4 Billion Deal, Enters Healthcare Sector

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Dubai, UAE — Al Mal Capital REIT (AMCREIT), the Dubai Financial Market-listed real estate investment trust and subsidiary of Dubai Investments, has acquired the real estate asset of NMC Royal Hospital, located in Dubai Investments Park (DIP). The deal, which marks AMCREIT’s entry into the healthcare real estate sector, lifts its portfolio value to approximately … Read more

UAE Launches Instalment Payments for ICP Service Fees from Dh500

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Dubai, UAE — The Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) has unveiled a new payment initiative allowing residents to pay ICP service fees in instalments via credit cards. The measure, part of ICP’s “The Authority at Your Service” programme, was launched during GITEX Global 2025. What’s New Why This Matters What … Read more

Dubai DIFC Court Orders BR Shetty to Pay $46 Million to SBI After “Parade of Lies” Verdict

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Dubai, UAE — In a landmark ruling, the Dubai International Financial Centre (DIFC) Court has directed BR Shetty, founder of the now-collapsed NMC Healthcare, to pay $45,997,554.59 (approximately $46 million) to State Bank of India (SBI), ruling that Shetty lied under oath and had indeed signed a personal guarantee for a loan. What the Court … Read more

Singapore’s Foreign Exchange Market: A Surge in Trading Volumes

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In April 2025, Singapore’s foreign exchange (FX) market experienced a significant surge, with average daily trading volumes reaching US$1.485 trillion. This marks a 60% increase from April 2022, solidifying Singapore’s position as the third-largest FX trading hub globally, following the United Kingdom and the United States. The growth was broad-based across currencies, with notable increases … Read more

Singapore Finance Update: Key Developments as of October 13, 2025

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🇸🇬 Monetary Authority of Singapore Maintains Policy Amid Resilient Growth The Monetary Authority of Singapore (MAS) is expected to keep its monetary policy unchanged during its scheduled review on October 14, 2025. Analysts anticipate this decision due to the nation’s steady economic growth, despite challenges such as U.S. trade tariffs. Core inflation remains subdued, and … Read more

Singapore Startup Ecosystem: A Surge in Innovation and Investment

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Singapore’s startup ecosystem has experienced significant growth in 2025, with a notable increase in venture capital funding and the emergence of innovative startups across various sectors. 📈 Record-Breaking Funding in Q3 2025 In the third quarter of 2025, Singapore startups secured a combined $2.4 billion in venture capital funding, nearly tripling the amount raised during … Read more