Daily briefing: SEA may lose $28t for climate change inaction; Singapore asks Binance to stop operations

And 755 travellers get vaccinated travel passes.


Failure to respond to climate change may cost Southeast Asia some $28t in the next 50 years, Deloitte found.

The report noted that if the region beefs up its climate action and reduce carbon emissions, it could gain some $12.5t and average 3.5% annual gross domestic product (GDP) growth over the same period.

Otherwise, inaction could reduce GDP growth by 7.5% per year over the next 50 years.

Read more here.

From Bloomberg

Binance Holdings Ltd. has been told to stop providing services that are regulated in Singapore as the Monetary Authority of Singapore (MAS) flagged a potential breach.

MAS told Bloomberg that Binance may have violated provisions of the Payments Services Act over its payment services and soliciting business activities without appropriate license.

Binance.com is under the investor alert list of the MAS for failure to apply for a license.

Read more here.

From CNA

A total of 755 travellers from Germany and Brunei have received vaccinated travel passes to enter Singapore, the Civil Aviation Authority of Singapore reported.

Of this, 735 were from Germany, whilst the remaining 20 were from Brunei.

The passes or for travel between 8 September and 7 October. Applications started last 1 September.

Read more here.

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