Singapore has ordered Wirecard to cease payment services in the city state, marking the most dramatic regulatory intervention in the German payment group’s remaining operations since its collapse in ... ( read original story ...)
Japan’s Seven Bank to tap DBS’ money remittance network in new deal
TOKYO - DBS Bank signed an agreement on Wednesday (Sept 30) to provide its money remittance platform to Japan's Seven Bank, in the second such arrangement for the Singapore bank.. Read more at ... ( read original story ...)
Singapore tells Wirecard to cease services, return customer funds
Singapore's central bank on Wednesday directed embattled German payments firm Wirecard to cease providing services in the city state and return all customers' funds. ( read original story ...)
Is It Time for Singapore to Remove ABSD?
The Additional Buyer's Stamp Duty (ABSD) was first introduced in 2011, and then again increased in 2018 as part of the latest property cooling measures. While it helped to cool the market, is it time ... ( read original story ...)
Singapore touts blockchain use in COVID-19 data management
Singapore's SGInnovate and Accredify have developed a blockchain-powered Digital Health Passport they say offer a more efficient way to manage medical records, pointing to a pilot that saw COVID-19 ... ( read original story ...)
POLL-Singapore c.bank seen keeping monetary policy on hold on recovery hopes
Singapore's central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy ... ( read original story ...)
Bogus shaman cheated woman who was seeking marriage of almost $50,000
SINGAPORE — Pretending to be a deity ... Soh claimed that he was 51, worked at POSB, earned a monthly salary of $7,000 and had a temple in Changi. To bolster her lie, Soh even showed the victim a ... ( read original story ...)
DBS raises Keppel to ‘buy’, says O&M review could restore confidence
DBS Group Research has upgraded Keppel Corp to "buy" from "hold" following its recent price correction and given that the strategic review of its offshore and marine (O&M) arm will "shine some light ... ( read original story ...)
How Singapore’s Changi Airport is adapting during Covid
That's a question that the operators of Singapore's Changi Airport have had to answer amid the coronavirus pandemic. Changi -- which has a hawker center, butterfly garden, movie theater and more among ... ( read original story ...)
Singapore Central Bank Seen Keeping Monetary Policy on Hold on Recovery Hopes: Reuters Poll
Singapore's central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy ... ( read original story ...)
Singapore bank lending falls for 6th straight month in August: MAS data
Bank lending in Singapore in August fell for the sixth straight session over the month, preliminary data from the Monetary Authority of Singapore showed on Wednesday (Sept 30). This was largely driven ... ( read original story ...)
UOB transforms the digital banking experience for its corporate clients with the launch of UOB Infinity
United Overseas Bank (UOB) has transformed the digital banking experience for its corporate clients with the launch of UOB Infinity, enabling them to manage their banking needs in a simpler, smarter ... ( read original story ...)
Singapore stock watch: DBS, CapitaLand Mall Trust, CapitaLand Commercial Trust, SIA, Techwah
The following companies saw new developments that may affect trading of their shares on Wednesday (Sept 30):. Read more at straitstimes.com. ( read original story ...)
Green shoots: Rooftop farming takes off in Singapore
Sales to restaurants slowed when Singapore shut down businesses to contain the coronavirus from April to June, but Ang said household clients grew three-fold in the same period. William Chen, director ... ( read original story ...)
Amazon to Take Citigroup Office Space in Singapore’s Finance Hub
Amazon Inc. is planning to take over some of Citigroup Inc.’s office space in Singapore at a time when a number of the e-commerce giant’s Chinese tech rivals expand in the city state. ( read original story ...)
UK student housing market faces oversupply amid Covid-19 crisis but Singapore private equity firm sees values in investment plan
Prices of UK student accommodation are holding up during a lull caused by the Covid-19 pandemic. A Singapore-based private equity firm is raising £30 million to buy several assets in London, Bath and ... ( read original story ...)