The bank is also expected to have a steady core capital ratio. UOB will remain stable despite a slight decrease in profitability, Moody’s reported. In the latest rating report, Moody’s projects UOB to ...
MAS to ensure DBS identifies root cause of recent disruptions and addresses it effectively
The recent outages occurred even as a remediation plan to identify and rectify the cause of disruptions in 2023 is ongoing. Read more at straitstimes.com.
Amazon pledges to invest US$9 billion to amplify its cloud investment in Singapore.
In a strategic move to bolster its presence in Southeast Asia, Amazon.com Inc has announced plans to invest a staggering US$9 billion (RM42.66 billion) into expanding its cloud computing ...
Singapore amends cyber security law to better secure national interests, essential services
Lawmakers on Tuesday (May 7) passed a Bill that seeks to expand the oversight of Singapore’s cyber security watchdog over any computer system that is critical to the nation and at high risk of cyber attacks. This includes temporary systems set up to ...
2 Chinese men convicted in Singapore’s largest money laundering case deported to Cambodia
Su Wenqiang and Wang Baosen, both 32, are barred from re-entering Singapore, an Immigration and Checkpoints Authority spokesperson said.
DBS remains as Singapore’s most valuable brand, while MBS becomes strongest brand in 2024
DBS's brand value rose by 5% y-o-y to US$11 billion ($14.88 billion), making it Singapore's most valuable brand.
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services
THE Monetary Authority of Singapore (MAS) said on Tuesday (May 7) that it was “following up” with DBS over the root cause of a disruption to the bank’s digital services on May 2. Read more at The ...
Singapore-Based Data Center Operator Gets Green Load to Fund its $1.5 Billion Project
Princeton Digital Group has obtained a green loan of $280 million to help finance a data center it’s building in the southern region of Malaysia with $1.5 ...
UAE-Founded DAMAC Properties Announces Aggressive APAC Expansion Plan with Latest Office Openings in Singapore and Beijing
UAE-founded real estate developer with global aspirations, DAMAC Properties, has announced brand-new office openings in Beijing and Singapore. With its sights firmly set on global expansion, the ...
Amazon to spend S$12 billion to expand cloud infrastructure in Singapore
SINGAPORE: Amazon plans to invest an additional S$12 billion (US$8.88 billion) in Singapore over the next four years to expand its cloud computing infrastructure in the country. This is to ...
Thai Drinks Firm Plans Singapore IPO for Coconut Water Exporter
Thai drinks maker General Beverage Co. is planning a Singapore initial public offering for a unit that distributes its brands including IF coconut water overseas, according to people familiar with the matter.
Rider from Singapore claims fuel from JB kiosk contaminated with water, causing bike’s breakdown
Shortly after refuelling his Singapore-registered motorbike at a petrol station in Johor Bahru, Malaysia, a man found himself stranded when the vehicle suddenly stopped running and could not be restarted.
Amazon’s AWS to double down on Singapore with additional $9 billion cloud investment
Amazon Web Services on Tuesday said it will pump another $9 billion into Singapore over the next five years to grow its cloud infrastructure and services in the country. "Starting with our investment ...
Amazon to spend nearly $9 bln to expand cloud infra in Singapore
Amazon.com plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore, Amazon Web Services (AWS) said on Tuesday.
Amazon commits US$9 billion investment in Singapore to expand its cloud computing infrastructure
The outlay, to be done over the next four years, doubles the investment of subsidiary Amazon Web Services in the city state.
Amazon to Invest $9 Billion More in Singapore Cloud Infrastructure
The tech giant’s clouding-computing arm said the investment will be rolled out over the next four years in Singapore to meet growing demand for cloud technology and services.