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 ...)