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Month: April 2023

Posted on 04/04/2023

Popular weight-loss drug Wegovy approved for use in Singapore

Singapore has approved 'Wegovy,' a high-dose version of the Ozempic drug causing a stir on social media for its weight loss effects. What led HSA to approve this?

Posted on 03/04/2023

Man who skipped bail extradited to S’pore, charged over bogus investment scheme that took S$18m from investors

A 50-year-old United States citizen who jumped bail about nine years ago has been extradited to Singapore and charged on Monday (April 3) with running a bogus investment scheme.

Posted on 03/04/2023

Man who left Singapore nine years ago charged for alleged involvement in fraudulent investment scheme

SINGAPORE, April 3 (The Straits Times/ANN): A man who fled the country while on bail almost nine years ago was charged in court on Monday for allegedly being involved in a fraudulent multi-million ...

Posted on 03/04/2023

Bank sub-bonds worth buying despite recent write-off of Credit Suisse’s bonds, says Citi

SINGAPORE – Despite the recent jitters and volatility caused ... this asset class has emerged as a notable pocket of value as the recent banking crisis blows over. Citibank chief investment officer ...

Posted on 03/04/2023

Over 40% Singaporeans Own Crypto:Survey Shows

The survey shows 43% of the 1,500 Singaporean respondents own some cryptocurrency. In comparison, last year’s research showed that the figure was around 40%, whereas the adoption levels were 43% in ...

Posted on 03/04/2023

Hong Kong’s crypto comeback should make the U.S. uneasy

Hong Kong's pivot back to crypto comes as the U.S. risks overplaying its hand when it comes to global financial regulation.

Posted on 03/04/2023

Singapore can benefit as StanChart records ‘really good net new money inflows’: CEO

Singapore is a “magnet for wealthy people from everywhere, including from China”, says StanChart group CEO Bill Winters. Read more at straitstimes.com.

Posted on 03/04/2023

American extradited to Singapore, charged over S$18 million fraud investment scheme

SINGAPORE: A 50-year-old man was extradited from the United States to Singapore and charged on Monday (Apr 3) over an S$18 million (S$13.5 million) fraud investment scheme. Michael Philip Atkins, a US ...

Posted on 03/04/2023

Singapore to launch one-stop mobile and contactless transport ticketing platform

In addition to the implementation of a single ticketing and travel card services app, the integration will also support the further development of Singapore’s SimplyGo open loop contactless fare ...

Posted on 03/04/2023

Hong Kong’s ‘moneymaking genes’ help it trump charmless Frankfurt, LA and Singapore, says tycoon Ronnie Chan

While some international cities that are well-equipped with hotels and airports are "artificial" and "super boring", Hong Kong is also "full of charm", which makes it a favourable destination for ...

Posted on 03/04/2023

HSBC Bank (Singapore) names new board directors

HSBC Bank (Singapore) has appointed Sam Liew and Colin Bell as directors of its board, effective April 4. Liew is managing partner, government strategic business group, at Singtel NCS Group. In this ...

Posted on 03/04/2023

“Embarrassed” DBS chairman bows to apologise and sets up special committee to look into service disruption

SINGAPORE: Expressing embarrassment over the latest digital banking service outage, DBS CEO Piyush Gupta and chairman Peter Seah apologised to stakeholders at the bank’s annual general meeting (AGM) ...

Posted on 03/04/2023

Singapore stocks rise as markets leave banking woes behind; STI up 0.7%

SINGAPORE - The Straits Times Index (STI) rose 0.7 per cent or 22.18 points to close at 3,281.08 points on Monday, amid buoyant trading across Asia. Read more at straitstimes.com.

Posted on 03/04/2023

Singapore to start importing eggs from Indonesia

This brings the number of countries and regions accredited to export chicken eggs to Singapore to 18, up from 12 in 2019, said the Singapore Food Agency.

Posted on 03/04/2023

Tencent backs Singapore’s Horizon Quantum Computing in $18M round

Quantum computers have the potential to carry out highly complicated calculations in minutes that would have taken classical computers thousands of years to work out. But much of the industry is still ...

Posted on 03/04/2023

AI tools like Home Loan Report are revolutionising the mortgage industry

AI like Home Loan Report, has revolutionised several industries, and the mortgage broker business in Singapore is no exception. The post AI tools like Home Loan Report are revolutionising the mortgage ... ( read original story ...)

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