Daily Briefing: Budget to include package to ease household costs amidst COVID-19; Binance applies for crypto licence

And 72% of internet users in Singapore are mobile gamers.

From Channel News Asia:

A package to ease household costs will be introduced as part of this year’s Budget, said Deputy Prime Minister Heng Swee Keat on Sunday.

Heng also said that broad-based measures will be announced as part of Budget 2020 to support companies, workers and households.

This includes providing wage support to help companies preserve jobs for local workers as well as tax rebates and rental waivers to help firms with their cash flow.

More support will also be given to sectors that have been harder hit by the outbreak, including food and beverage and retail sectors, noted Heng.

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From Bloomberg:

Crypto exchange operator Binance Holdings has applied for an operating license in Singapore under the government’s new payments legislation.

Binance has an office in Singapore and is backed by Vertex Venture Holdings Ltd., the venture capital arm of Singapore-based Temasek Holdings Pte. 

The Payment Services Act came into force last month to regulate companies handling activities ranging from digital payments to trading of tokens such as Bitcoin and Ether.

Tokyo-based crypto exchange operator Liquid Group Inc. and London-based Luno, which operate in Singapore, have already said they plan to apply for the licenses.

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From e27:

About 72% of total internet users in Singapore are mobile gamers, according to a report by We are social and Hootsuite.

Meanwhile, 93% are mobile internet users. In terms of web traffic, the highest share, or 56.8% comes from mobile phones.

The report also showed that Singaporeans spend an average time of six hours, and 48 hours on the internet. When it comes to personal data privacy, 66% of users are concerned.

Read more here.