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Month: May 2023

Posted on 20/05/2023

UN report: MAS says Singapore banks will not facilitate arms sales to Myanmar; MFA welcomes info to aid probe

Banks in Singapore will not facilitate the sale and transfer of arms to Myanmar given the government's ban on such transactions, the ...

Posted on 20/05/2023

FATF Chief Calls for the End of “Lawless Crypto”

T. Raja Kumar of Singapore is the current president of the FATF, and yesterday he issued a call to the G7 to end the "lawless crypto space." ...

Posted on 20/05/2023

The Big Read: Can S’pore find the right balance as e-payments become the norm?

On most days, Ms Pang Shi Jia leaves her home with only her phone and card holder, which contains two bank cards.

Posted on 20/05/2023

‘How can I fall into a scam twice?’ Man who wanted to buy otah online downloads fake ScamShield app

Responding to an advertisement selling multiple kinds of otah on Facebook, a man was told by the seller to download an app to place a deposit. He keyed in his bank details but realised later that day ...

Posted on 20/05/2023

Vacation to Singapore? Pay Attention for the Rules of Bringing Cash

Jakarta: Singapore is one of the destinations for Indonesians to vacation abroad. Apart from the close distance, the friendly price is also the reason for Indonesians to go on holiday to Singapore.

Posted on 20/05/2023

Singapore firms find opportunities, build confidence to do business in Africa

he asked. “And of course, we will jump on these opportunities.” The business delegation was organised by the Singapore Business Federation (SBF) to coincide with Prime Minister Lee Hsien Loong’s ...

Posted on 20/05/2023

Daily Cuts -Business leaders urged to take responsibility for climate change

A Schneider Electric report found that Singapore’s business leaders are ready for greater accountability, especially when it comes to their decarbonisation goals. Asia First’s Arnold Gay and Justine ...

Posted on 19/05/2023

Singapore Bourse May Reclaim 3,200-Point Level

The Singapore stock market on Thursday ended the two-day slide in which it had dropped more than 40 points or 1.3 percent. The ...

Posted on 19/05/2023

HeySara and OCBC Bank are Helping SMEs Go Digital at a Fraction of the Cost

With this in-the-works partnership, HeySara is providing their report-filing, deadline-reminding, document-filing Digital Secretary Solutions (along with their ease-of-use and cost-effective cloud ...

Posted on 19/05/2023

2 weeks’ jail for man who asked friend to conduct unauthorised search on DBS’ customer info system

To find an acquaintance who owed him money, Ang Kok How got a friend who was a DBS Bank employee to conduct an unauthorised search on the bank's customer information system to illegally obtain the ...

Posted on 19/05/2023

Whistleblower calls out alleged unfair hiring practices in Singapore banking industry

An anonymous banking insider reported allegations of favoritism within Citibank's Singapore branch, claiming senior roles were filled by foreign staff over viable local candidates. Drawing inspiration ...

Posted on 19/05/2023

Singapore youths suffering from depression, anxiety missed 24 days of school on average: study

In a recent study, Duke-NUS Medical School and the Institute of Mental Health (IMH) reveal the impact of depression and anxiety on Singapore's young population.

Posted on 19/05/2023

DBS keeps ‘buy’ on BRC Asia despite 1HFY2023 dip, sees improvements to come

Anticipating “better times” ahead, DBS Group Research analyst Lee Eun Young has maintained her “buy” call for BRC Asia with a reduced target price of $1.89 from $2.22 previously.

Posted on 19/05/2023

Singapore Says No to Angolan Tycoon’s Bid for Funds Held in Private Bank

Carlos Manuel De Sao Vicente, an Angolan businessman convicted of money laundering, failed in his bid in Singapore to get his funds released from the private banking arm of Oversea-Chinese Banking ...

Posted on 19/05/2023

DBS keeps ‘buy’ for ComfortDelGro but lowers TP to $1.62 amid slower recovery

The analysts note that CDG has introduced booking commissions since May 2022 on its re-launched ride-hailing platform app, Zig. With full-reopening, they expect revenue growth of 4.5% mostly coming ...

Posted on 19/05/2023

Singapore’s OCBC bank sets decarbonisation target for ship finance

Southeast Asia’s second-largest lender claims targets are internationally recognised, science-based pathways Singapore’s OCBC Bank has unveiled decarbonisation targets for its ship finance activities ...

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