Singapore is top of Asian FX heap, but for how long?

LAST month, there was a story about traditional rivals Singapore and Hong Kong getting together to build a blockchain-powered trade network - the first in the world and one that could cement the two trade hubs' position as global players.

The idea that the two "frenemies" could build a global trade connectivity network, with rollout aimed for 2019, is great, a win-win for all.

In the meantime, the fierce rivalry continues and one area that Singapore needs to watch out for is the derivatives and foreign exchange (FX) businesses.