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Month: November 2022

Posted on 03/11/2022

Singapore authorities probe alleged attack by large pet dog on small pooch during walk

The Animal and Veterinary Service (AVS) is probing an alleged attack on a 3kg pooch by a larger dog at least 10 times its weight during an evening walk.

Posted on 03/11/2022

ANZ, UOB face scrutiny over business with Myanmar military’s bank

Leading international financial institutions have carried out transactions with Innwa Bank since coup, documents show.

Posted on 03/11/2022

Tiger Brokers and UOB Asset Management jointly launch their first fixed maturity plan in Singapore

Tiger Brokers (Singapore), on Nov 3, launched its first fixed maturity plan in Singapore. The United Fixed Maturity Bond Fund 1 is a three-year investment-grade bond fund that will be managed by UOB ...

Posted on 03/11/2022

Tokenised assets, stable coins central to Singapore’s crypto hub ambitions

Collaboration is key to achieving finance goals, says MAS’ Ravi Menon. Singapore touts a future as a crypto hub—not for cryptocurrency, but rather for the use and adoption of tokenised assets and ...

Posted on 03/11/2022

Singapore Digitalises Bankers Guarantees and Insurance Bonds With eGuarantee@Gov

Providing banker’s guarantees or insurance bonds to government agencies can now be done online and within one day using eGuarantee@Gov.

Posted on 03/11/2022

Singapore or HK? DBS Offers Clues to Who Is Ahead

Which is way Singapore-based DBS Group Holdings Ltd., the biggest of the city-state’s three homegrown leaders, may have an edge next year over HSBC Holdings Plc, which relies on Hong Kong for a big ...

Posted on 03/11/2022

Ant Digital Bank Expands in Singapore With Small Business Loans

Ant Group Co.’s Singapore digital wholesale bank will start offering loans to small and medium-sized businesses, as the Chinese fintech giant extends its reach in the city-state.

Posted on 03/11/2022

Wealth darling DBS channels Singapore’s success

Singapore’s status as a financial centre is thriving, and DBS Group , the city-state’s $63 billion wealth darling led by Piyush Gupta, is reaping the benefits of its home market’s success.

Posted on 03/11/2022

Singapore sees its first institutional DeFi trade with JP Morgan, SBI and DBS Bank via Polygon

Institutional net flows have been consistently disappointing due to the volatile market. Banks and governments around the world are considering blockchain technology as the next step in technological ...

Posted on 03/11/2022

Stock market LIVE Updates: Sensex and Nifty likely to make gap-down start after Fed rate hike

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-down start on Thursday tracking weak global cues after the Fed announced a 75-basis-point hike in benchmark interest rates ...

Posted on 03/11/2022

Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade lower

Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar.

Posted on 03/11/2022

DBS profit jumps 32% to record on rates, flags upbeat outlook

SINGAPORE: DBS Group reported a forecast-beating 32 per cent jump in quarterly profit to a record high and gave a bullish outlook on Thursday (Nov 3) as higher interest rates boosted net interest ...

Posted on 03/11/2022

DBS profit soars 32% to a quarterly record on rising interest rates

SINGAPORE -DBS Group reported a forecast-beating 32 per cent jump in quarterly profit to a record as higher interest rates boosted net interest margins at Southeast Asia's largest lender, a trend seen ...

Posted on 03/11/2022

Singapore has no ‘real use case’ for a central bank digital currency, says MAS

Sopnendu Mohanty of the Monetary Authority of Singapore, however, says central bank digital currencies can be extremely useful in emerging markets where many people are unbanked.

Posted on 03/11/2022

Blockchain platform Paxos to add hires in Singapore

SINGAPORE: Blockchain platform Paxos Trust Co LLC plans to add at least 130 hires in Singapore over the next three years after its unit in the city-state received a central bank licence to offer ...

Posted on 03/11/2022

CNA Explains: What is low-carbon hydrogen and will it help Singapore reach net-zero?

Hydrogen could supply up to half of Singapore's needs by 2050, depending on technological developments and the development of other energy sources.

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