
Benjamin Cher
Correspondent at The Business Times (Singapore)
Reporter with The Business Times, banging words together till they stick, views expressed are personal. Got a tip? Email me at BenjaminCher at https://t.co/XGeHGhb6In
Articles
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3 weeks ago |
businesstimes.com.sg | Benjamin Cher
[SINGAPORE] Digital token service providers (DTSP) will need a licence to serve overseas customers only, said the Monetary Authority of Singapore (MAS) on Friday (Jun 6). The regulator has clarified the scope of the new DTSP regulations, saying that the risks of money laundering are higher in such business models and if most of their customers are outside the Republic. MAS noted that it is unable to effectively supervise operations with a substantive overseas customer base.
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3 weeks ago |
businesstimes.com.sg | Benjamin Cher
The bar for licensing is high and it will generally not issue one, the regulator notes Published Fri, Jun 6, 2025 · 04:38 PM [SINGAPORE] Digital token service providers (DTSP) will not be able to serve only overseas customers, said the Monetary Authority of Singapore (MAS) on Friday (Jun 6). The regulator has clarified the scope of the new DTSP regulations, saying that the risks of money laundering are higher in such business models if most of their customers are outside the Republic.
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3 weeks ago |
businesstimes.com.sg | Benjamin Cher
The potential Grab and GoTo deal first surfaced in January Published Fri, Jun 6, 2025 · 12:20 PM [SINGAPORE] Indonesia's sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg. The sovereign wealth fund is said to be in preliminary discussions with GoTo to acquire a minority stake in the combined entity.
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3 weeks ago |
businesstimes.com.sg | Benjamin Cher
The pure equity raise adds to the US$27 million secured in August 2024 Published Thu, Jun 5, 2025 · 09:00 AM [SINGAPORE] Wealth platform Syfe announced on Thursday (Jun 5) that it has raised US$53 million in an expanded Series C funding round. This latest round was a pure equity raise. It adds to the US$27 million secured in August 2024. Two UK family offices led the expanded Series C round, with existing investors Unbound and Valar participating in the round.
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3 weeks ago |
businesstimes.com.sg | Benjamin Cher
[SINGAPORE] When Natalia Goh joined Sea's digital bank MariBank, the first question she often got was: how do you pronounce it? "Mari", inspired by the first word in the Singapore national anthem, means "come" or "let's". "The thinking behind MariBank is actually let's bank... a very welcoming message about how we make banking very accessible and simple," Goh told The Business Times. The numbers reflect MariBank's growth in the market.
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so true

"Incompetent leaders are the main reason for low levels of employee engagement, and the prevalent high levels of passive job seeking and self-employment." https://t.co/IGtgio5VM2

Gojek isn’t going anywhere says Gojek Singapore GM

Singapore remains key to Gojek’s plans, says its GM https://t.co/WDZCFzvh1W

As food delivery players adds on their quick commerce play, the move to physical assets seems inevitable, read more in my story today on @BusinessTimes https://t.co/W3XMdaQMXi