Singaporean bank UOB will begin its use of Microsoft 365 Copilot in October, with 300 of its employees across multiple frontline and back-end business functions progressively gaining access to the new ...
UOB pioneers trial of Microsoft 365 Copilot Generative AI tool across multiple business functions to enhance productivity and collaboration
SINGAPORE – Media OutReach – 3 October 2023 – UOB is the first Singapore bank to trial Microsoft 365 Copilot, a Generative Artificial Intelligence (Generative AI)-powered productivity tool. As part of ...
Singapore tables amendment bills for law training, tax relief, CPF
THREE bills to make amendments to legislation – for the training regime for lawyers, income tax relief and Singapore’s Central Provident Fund (CPF) – were introduced in Parliament on Tuesday (Oct 3).
Chee Hong Tat on Income Tax (Amendment) Bill
Senior Minister of State for Finance Chee Hong Tat said the aim is not to tax capital gains but to align key areas of Singapore’s tax regime with international norms. The Bill also proposes to mandate ...
Explainer: How Singapore’s anti-money laundering rules tackle the scourge of ‘dirty money’ on different fronts
SINGAPORE: In the wake of one of the biggest money laundering probes in Singapore, three ministerial statements were delivered in parliament on Tuesday (Oct 3) to address a bevy of parliamentar ...
Singapore considers money-laundering checks for luxury cars and handbags
Singapore may subject luxury assets, including cars, watches and handbags, to anti-money laundering controls as the Asian financial hub reels from a S$2.8bn (US$2bn) money-laundering scandal.
SingPost Powering eCommerce Logistics for SHEIN in Singapore
SHEIN can therefore tailor its services to better meet the specific needs of their customers in Singapore. SingPost will be enhancing SHEIN's business with a comprehensive suite of eCommerce logistics ...
PhillipCapital favours banks for ‘resilient’ dividend yields despite remaining cautious on Singapore equities
Any recovery in the Singapore economy is expected to come at end-2024 amid a further dip in the global economy, says Paul Chew.
Explainer-How Singapore’s Unique Monetary Policy Works
SINGAPORE (Reuters) - Singapore's central bank has a unique method of conducting monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other ...
Bank debt sales surge in cashed-up Singapore
Find out more about subscription packages here. BANK debt sales in Singapore are tracking toward a second consecutive annual record as attractive currency swaps and cash-rich investors lure issuers to ...
Singapore Seizes More Than $2 Billion as Massive Money Laundering Probe Widens
The case is shining a light on fund flows from abroad and whether the city-state's $2 trillion financial sector has done enough to block dubious transactions.
Ministerial statement: Josephine Teo on Singapore’s anti-money laundering regime
Singapore has in place a robust anti-money laundering regime and is held in high regard internationally for its strong, principled and no-nonsense approach to taking down individuals who break the ...
Property transactions in $2.8b money laundering case likely had minimal impact on prices: Indranee
The authorities have issued prohibition of disposal orders against 152 properties and 62 vehicles, totalling an estimated value of more than $1.24 billion. The orders mean they cannot sell these items ... ( read original story ...)
Singapore says assets seized in money laundering case now at $2 bln
Singapore said it was expecting more arrests and seizures as the Asian financial hub investigates one of its biggest cases of money laundering, in which the value of assets seized now stands at S$2.8 ...
UOB trials Microsoft’s generative AI tool to enhance productivity and collaboration
United Overseas Bank (UOB) will be trialling the use of Microsoft 365 Copilot to improve the productivity and collaboration of its frontline and back-end functions in a secure manner.
One or more in $2.8b money laundering case may be linked to family offices that got tax incentives
SINGAPORE - One or more of the accused in the recent money laundering case may have been linked to single family offices (SFOs) that had been awarded tax incentives by the Monetary Authority of ...