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Starting a financial services or fintech business in Singapore: key things foreign investors should know

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Starting a financial services or fintech business in Singapore: key things foreign investors should know

Singapore’s financial sector is vital, heavily regulated, and attracts foreign investment. Licensing depends on activities under the Payment Services Act, Securities and Futures Act, or Financial Advisers Act.

Singapore’s Financial Sector Overview

Singapore remains a top financial hub in Asia, attracting foreign investments across banking, asset management, fintech, and digital financial services. The sector accounts for approximately 14% of the country’s GDP and employs around 200,000 professionals. By the end of 2025, Singapore managed assets totaling S$6.7 trillion (US$5.2 trillion). When entering this market, foreign investors must first determine if their activities align with Singapore’s financial regulations, influencing licensing needs and legal structuring.

Regulatory Framework for Payment and Investment Services

The Payment Services Act 2019 (PSA) oversees a range of payment-related activities, including money transfers, e-money issuance, and digital token services. Businesses engaging in these activities require either a Standard or Major Payment Institution license, depending on their scale. Investment activities, such as fund management or dealing in capital markets, are regulated under the Securities and Futures Act 2001 (SFA), often necessitating a Capital Markets Services (CMS) license unless exemptions apply. Financial advisory services also require licensing under the Financial Advisers Act 2001 (FAA).

Licensing and Market Entry Strategies

Most foreign investors establishing regulated financial services in Singapore opt for a subsidiary, which simplifies licensing procedures. Branch offices are permissible for certain institutions, while representative offices are limited to non-commercial activities. Capital requirements and prudential standards vary based on the scope of financial services offered, influencing the investment’s prudence and feasibility. Proper licensing ensures compliance and smooth market entry.

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Apollo Hospitals Q1 Results: Net profit jumps 38% YoY to Rs 610 crore; revenue rises 21%

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Apollo Hospitals Q1 Results: Net profit jumps 38% YoY to Rs 610 crore; revenue rises 21%
Apollo Hospitals Enterprise on Wednesday, August 12, reported a 38.4% year-on-year (YoY) jump in consolidated net profit to Rs 610 crore for the quarter ended June 30, 2026 (Q1FY27), compared with Rs 441 crore reported in the corresponding quarter of the previous financial year.

Revenue from operations rose 20.6% YoY to Rs 7,044 crore in Q1FY27, compared with Rs 5,842 crore in the year-ago period, according to the company’s exchange filing.

The healthcare major’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 28.2% YoY to Rs 1,092 crore from Rs 852 crore in Q1FY26. The EBITDA margin also improved to 15.5% from 14.6% a year earlier.

Ahead of the results, Apollo Hospitals shares settled 1.72% lower at Rs 8,597 apiece on the NSE on Wednesday.

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ALSO READ: Tata Sons’ IPO can take a page from a Hong Kong titan


Key Operational Highlights
Apollo Hospitals said revenue from its Healthcare Services business grew 22% year-on-year during the quarter, while EBITDA stood at Rs 862 crore.Apollo Health and Lifestyle reported a 15% YoY increase in revenue to Rs 499 crore.

Apollo HealthCo reported revenue of Rs 2,977 crore, while EBITDA stood at Rs 171 crore.

The company said revenue growth was driven by higher volumes in its specialties and an increase in high-complexity clinical work.

Capacity Expansion

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Apollo Hospitals continued its capacity expansion during the quarter with the launch of a 180-bed hospital in Sarjapur, Bengaluru. The company’s Gurugram facility remains on track for commissioning in Q3FY27.

The company also announced plans to expand its existing hospital facilities in Indore and Guwahati by 148 beds. In addition, Apollo plans to add four new hospitals in Indore, Dwarka, Delhi Proton Centre and Ranchi, with a combined capacity of around 1,200 beds.

With these additions, Apollo Hospitals plans to add more than 5,000 beds, including 4,700 census beds, over the next five years.

International Patient Business

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Apollo’s International Patient Services division continued to gain traction, with revenue rising 26% year-on-year during the quarter. The company said the growth reinforces its position as a preferred healthcare destination for international patients.

Management Commentary

Prathap C. Reddy, Founder and Chairman of Apollo Hospitals Group, said Q1FY27 marked a strong start to the financial year, building on the momentum seen in FY26.

“”Ql FY27 marks a strong start to the year, building on the momentum of FY26. Consolidated revenue grew 21% yearon-year to :f7,043 crore, supported by strong-based performance across Healthcare Services, Diagnostics and Retail

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Health, and Digital Health and Pharmacy. The performance reflects the strength of our integrated model and the

continued trust that patients and their families place in Apollo,” said Reddy.

Apollo HealthCo Transaction

Apollo Hospitals also informed the exchanges that it has taken note of a proposed transfer by Apollo HealthCo Ltd, a material subsidiary, of its undertaking relating to the procurement and wholesale distribution of fast-moving consumer goods, wellness and personal care products, including over-the-counter and non-prescription consumer healthcare products.

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The business is proposed to be transferred as a going concern on a slump-sale basis to Apollo Consumer Products Ltd, a wholly owned subsidiary of Apollo HealthCo, subject to shareholder approval.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Earnings call transcript: NANO Nuclear beats Q3 2026 EPS forecast, shares edge up

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Earnings call transcript: NANO Nuclear beats Q3 2026 EPS forecast, shares edge up

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BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

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BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit
Bank of America will acquire up to 49.9% stake in Jio Credit, a unit of Jio Financial Services , for as much ‌as 182.68 ⁠billion ⁠rupees ($1.92 billion), the companies said on Wednesday.

The U.S. lender will be a joint venture partner in Jio Financial’s non-bank lending arm through a preferential allotment of equity shares and ⁠warrants.

The transaction ‌initially gives Bank ​of ​America a 26.5% stake, which ⁠can go up to 49.9% upon ​exercise of the warrants.
The deal is the latest large investment in India’s financial services sector, which include Japan’s MUFG investment in Shriram Finance and ‌Dubai-based bank Emirates NBD’s 60% stake in lender RBL Bank.
“The ​investment will ​allow ⁠BofA to expand its participation in the rapidly growing Indian market …. while doing ​so with a partner that has local expertise,” the companies said in a statement.

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How Gamification is Redefining Workplace Team Building

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How Gamification is Redefining Workplace Team Building

Traditional team-building activities have become largely obsolete thanks to emerging technology and hybrid work models.

Thankfully, forward-thinking businesses can now integrate new ways of creating stronger teams while boosting morale and productivity.

Why Traditional Team Building is Failing

For decades, the standard corporate approach to building team spirit relied on things like an annual company day out. Going to an escape room or an assault course followed by a meal together was a costly exercise, and it’s fair to say that not everyone agreed that it was an effective method of forging workplace bonds.

As time has passed and the way we work has fundamentally changed, the flaws in the traditional team-building events have become impossible to ignore.  The operational disruption caused by closing down operations so everyone can join a day out is one thing, but the fact that many remote and hybrid workers can’t join these events is another reason why new ideas were needed.

How Gamification and Friendly Competition Lead the Way

When looking for ways to replace those outdated annual outings, the switch to workplace gamification seemed like an obvious choice. Adding game mechanics to daily workflows and creating friendly competition elements have been increasingly seen as ways of boosting employee engagement.

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Deloitte is one of the companies making waves in this area. Their Deloitte Leadership Academy training portal uses the likes of custom achievement badges and progress bars, as well as leaderboards.

On the other hand, Target’s real-time cashier interface is another interesting innovation that comes with gamified elements. Immediate scoring and performance feedback are used to make the task of scanning purchases into something more satisfying. We can also see companies like Cisco and PricewaterhouseCoopers moving in this direction with gamified processes that turn routine tasks into achievements that can be shared.

Consumer Models As a Blueprint

When companies look to design a more effective workplace engagement system, they don’t need to create everything from scratch. By looking at the digital consumer landscape, they can see a proven blueprint for user participation in various sectors. With YouTube named the most influential single brand in the world recently, there’s much room for improvement that small businesses can learn from atop the shoulders of giants.

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Modern websites boast numerous engagement ideas that businesses can learn from in their own continous professional development and team-building programs. Micro-polls, instant reaction loops, and streak mechanics are all worthwhile approaches that can be adapted seamlessly to the corporate team-building environment.

By focusing on a certain type of growing segment, business leaders can look more closely at the dynamics driving it. Looking at daily fantasy sports contests as one example, this PrizePicks promo for new users shows a bonus for new users with clearly laid-out rules. Players can use their bonus on the sports that they’re most interested in, such as baseball, ice hockey, and golf. Everything is designed for a fast start and maximum flexiblity, which is also the right move for business tools.

Other sectors provide different lessons. From the interactive charts on cryptocurrency exchanges to the dynamic indicators on retail sites, there are many ways of presenting information that fit neatly into the requirements for corporate team building and engagement.

The era of office days out may be almost over, but this encroaching new wave of ideas should ensure that there are still enjoyable ways of connecting with colleagues and progressing through the corporate structure while having fun.

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Dauch Corporation (DCH) Presents at J.P. Morgan Automotive Conference Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript