The Monetary Authority of Singapore won’t allow DBS Bank to acquire new business ventures for six months, one of several penalties imposed for what the central bank described as excessive interruptions to banking services this year.
Singapore’s central bank bars DBS bank from new takeovers for 6 months, after repeated banking service disruptions
The regulator said it would not approve any new business acquisitions by the bank during this period, adding DBS would also not be allowed to reduce the size of its branch and ATM networks in Singapore for now. Singapore DBS, Citi customers can’t use ...
Singapore set to direct DBS to fix ‘unacceptable’ online outages
The frequency of outages is unacceptable, the slowness in recoverability is unacceptable,” says MAS's Ravi Menon.
Singapore Set to Direct Largest Bank DBS to Fix ‘Unacceptable’ Online Outages
Singapore’s financial regulator is set to direct DBS Group Holdings Ltd. to take further steps to resolve a spate of digital banking service outages.Most Read from BloombergImmigrants Are Leaving ...
Websites of all Singapore public hospitals, polyclinics, healthcare groups down on Wednesday
The KK Women’s and Children’s Hospital and Institute of Mental Health websites were also down. Read more at straitstimes.com.
Websites of all Singapore public hospitals, polyclinics suffer crash on Wednesday (Nov 1)
The websites of the SingHealth and National Healthcare groups - under which all polyclinics in Singapore come under - were also inaccessible. So far, the mobile phone apps of the hospitals were still ...
DBS Rents Hong Kong Retail Space at 18% Lower Than Asking Price
DBS Group Holdings Ltd. clinched a deal to rent retail space in Central’s New World Tower for 18% less than the asking price, according to a person familiar with the matter.
Singapore’s HMI Group to buy majority stake in heart and vascular company
SINGAPORE - Singapore’s Health Management International ... Management announced an investment into the holding company of HMI via its hybrid value business. The value of the investment was not ...
MAS expects Singapore growth to pick up pace in 2024
Singapore’s economy is expected to shake off the stagnation it has suffered for most of 2023 and grow at a faster pace in 2024.
American tourist shocked to see $15,000 bike left safe, unattended on Singapore street
An American tourist has gone viral online after expressing disbelief at the sight of a $US15,000 road bike left unattended on the street in Singapore. “The ultimate ...
The Singapore Dollar Hits 3.50 Against The Malaysian Ringgit: 3 Groups Who Will Be Benefit (And 2 Groups Who Won’t)
With the Malaysian Ringgit trading at 3.50 against the Singapore Dollar, there will be some groups of people who will gain from the appreciation of the SGD ...
Singapore: Southeast Asia’s cargo gem
Positioned at the heart of the dynamic and vibrant region of Southeast Asia, Singapore is not only the freight hub for Asia but for the world. But that's not the end of this story. Its focus
OCBC and SIA: SGX Banking Shares for Steady Dividend Income
SGX-listed Oversea-Chinese Banking Corp. Ltd., or OCBC (SG:O39), and Singapore Airlines Limited, or SIA (SG:C6L), are popular stocks in the market known for their steady dividend income. These stocks ...
Singapore Accelerates Digital Asset Licensing in Global Fintech Race
As the sun sets over Singapore's glittering skyline, an unseen race is being waged. Not on the city's bustling streets or in its high-tech offices, but in the ether of digital space where ...
Analysts mixed on UOB’s outlook after 3QFY2023 results
OCBC Investment Research’s Carmen Lee has also kept her “buy” call on UOB with an unchanged target price of $32.50 after the bank’s 3QFY2023 earnings were in line with her expectations. The analyst is ...
UOB makes steady progress on net zero commitment
UOB today released its first net zero progress report on its commitment to reach net zero by 2050, as it makes positive headway in meeting the targets set for its focus sectors.