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Month: November 2020

Posted on 20/11/2020

From Singapore’s deep-tech space, a US$1.2b unicorn rises

Other newsy highlights such as Future Capital’s fresh flow of funds and Acronis’ acquisition of CyberLynx The deep-tech space is enough of a mystery to the layman, but Singapore startup Nanofilm has ... ( read original story ...)

Posted on 20/11/2020

All You Need To Know About Lakshmi Vilas Bank-DBS Bank Deal

LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront. ( read original story ...)

Posted on 20/11/2020

Mizuho to Cut Singapore Office Space on Work-From-Home Success

Mizuho Financial Group Inc. is set to trim its Singapore office space, as the Japanese bank looks to revamp the workplace in global financial centers in the wake of the pandemic. ( read original story ...)

Posted on 20/11/2020

POSB customer claims ATM at Boon Lay Place Market hacked

A POSB customer has taken to Facebook to claim that an ATM beside Boon Lay Place Market she had used has been compromised by hackers. In a Facebook post on Nov. 19, the customer wrote that she waited ... ( read original story ...)

Posted on 20/11/2020

Singapore investigating claims Muslim app developer sold user data to US military

Clocking more than 98.5 million downloads worldwide, the Muslim Pro app reportedly has sold "granular location data" to the US military -- an allegation it denies -- and is now being investigated by ... ( read original story ...)

Posted on 20/11/2020

Singapore PM’s Sister-in-Law Suspended From Practising Law

(Bloomberg) -- The sister-in-law of Singapore Prime Minister Lee Hsien Loong has been handed a 15-month suspension from practising law following a guilty verdict earlier this year for professional ... ( read original story ...)

Posted on 20/11/2020

Singapore activist faces fine over one-man smiley face sign protest

Singapore is set to charge an activist with staging a one-man protest without a permit over an incident in which he held up a sign bearing a crudely drawn smiley face outside a police station.Police ... ( read original story ...)

Posted on 20/11/2020

1 in 4 Singapore employers plans to freeze salaries in 2021: Survey

About a quarter of organisations in Singapore plan to introduce or continue with salary freezes next year, slightly lower than the 30 per cent that paused wage increments this year.. Read more at ... ( read original story ...)

Posted on 20/11/2020

Savvy Investors Snap Up Centuries-Old Singapore Shophouses

With their terracotta roof tiles, French-style timber windows and brightly-colored facades, Singapore’s distinctive shophouses are becoming the latest sought-after property asset for family offices, ... ( read original story ...)

Posted on 20/11/2020

UOB $181m lawsuit against Lippo unit, 7 others over alleged conspiracy to get higher loans for condo buyers begins

The loans were for the purchases of 38 units in the Marina Collection developed and sold by Lippo.. Read more at straitstimes.com. ( read original story ...)

Posted on 20/11/2020

DBS Group: The Worst Is Most Likely Over

Net profit increased by 4% in last quarter. The bank is still prudently making provisions for potential non-performing loans. ( read original story ...)

Posted on 20/11/2020

Singapore B2B Payments Sector Analysis 2020: A Closer Look at Small Business Expenses SME Credit Cards

The "B2B Payments Report Singapore 2020" report has been added to ResearchAndMarkets.com's offering. The Business to Business Payments Report Singapore 2020, is a comprehensive review of the business ... ( read original story ...)

Posted on 20/11/2020

Lakshmi Vilas Bank put under moratorium, to be merged with DBS

Lakshmi Vilas Bank has been put under a moratorium and may be merged with the local unit of Singapore’s DBS Bank, the Reserve Bank of India said Tuesday ... ( read original story ...)

Posted on 20/11/2020

Singapore Will Not Join Biden’s ‘Cold War–style’ Coalition Against China, Says PM

Singapore will not be joining President-elect Joe Biden's ... "There will be countries who want to do business with China," he explained, adding: "To try and make a line-up, Cold War–style, I don't ... ( read original story ...)

Posted on 19/11/2020

The Man at the Center of Wirecard’s Deal Machine

Henry O’Sullivan, an outside adviser, was paid on 10 Wirecard deals, some of which are the focus of investigators trying to unravel the company’s collapse ... ( read original story ...)

Posted on 19/11/2020

6 shifts in global economy where opportunities may emerge, says group charting Singapore’s post-Covid economy

Covid world, the Emerging Stronger Taskforce is working on the premise that there will be no return to the old normal, even after the pandemic recedes.. Read more at straitstimes.com. ( read original story ...)

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