Singapore’s total population up 5% to record high of 5.92 million as at June
Singapore’s total population set a new record at 5.92 million as at June this year, an increase of 5 per cent from the year before, the annual Population in Brief (PIB) publication reported on Friday (Sep 29).
Last year, the total population rose for the first time since the Covid-19 pandemic hit, to 5.64 million.
Three Arrows Capital co-founder Zhu apprehended in Singapore, liquidators say
The arrest of Three Arrows Capital co-founder Su Zhu in Singapore on Friday was yet another example of the dramatically declining fortunes of formerly highflying crypto founders around the world.
Three Arrows once ranked among the largest and most successful crypto-native hedge funds, and its charismatic and often deliberatively provocative co-founders appeared to revel in the attention they attracted. But when the fund suffered big losses in 2022 owing to a series of ill-fated bets on Luna tokens and other investments, Zhu and his co-founder Kyle Davies went into hiding, leaving creditors owed around $3 billion.
Singapore’s fintech to contribute 3.6% in 2027
Singapore’s financial technology investment is projected to contribute about 3.56% (+2.45%) to the region’s gross domestic product (GDP) in 2027, the largest in the Southeast Asia (SEA) region.
The study, by UnaFinancial, focused on eight Southeast Asian countries: Singapore, Indonesia, the Philippines, Vietnam, Malaysia, Thailand, Myanmar, and Brunei. It initially assessed the share of direct investment as a percentage of GDP in these countries.