A bid by now defunct BSI Bank Limited to strike out a $394 million claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit, Brazen Sky Limited, has been ...
28 weeks’ jail for man who tried to flee Singapore after getting caught smuggling vapes
Mohamad Izuwan Che Mohd Abd Khoha tried to smuggle more than 20,000 vaping products into Singapore. Read more at straitstimes.com.
BSI Bank fails to strike out 1MDB’s Singapore lawsuit for US$394mil
The dismissal of the striking out application, which is subject to an appeal, allows the case against the bank to proceed to trial.
Trust Bank on track to be profitable around the end of 2025 as revenue surges, says CEO
SINGAPORE – Trust Bank expects to be profitable around the end of 2025, said its chief executive Dwaipayan Sadhu, as the lender continues to grow its customer base and revenue. In the first half of ...
Trust Bank’s deposits more than double to S$3 billion in H1 2024, customer base hits 806,000
CUSTOMER deposits at Trust Bank more than doubled to S$3 billion in the first half of 2024, from S$1.2 billion in the same period last year. Read more at The Business Times.
UOB works with Invest Johor to drive FDI
In an effort to promote investment prospects into the future, Johor-Singapore Special Economic Zone (SEZ), UOB, and Invest Johor, the Malaysian state's investment agency, have signed a Memorandum of ...
Singapore Business Federation partners with UOB, Rajah & Tann, and RSM to boost ASEAN expansion for local companies
SINGAPORE: In a significant move to drive local business expansion across Southeast Asia, the Singapore Business Federation (SBF) has formed a strategic partnership with UOB, Rajah & Tann, and RSM ...
Singapore workforce sees significant increase in AI adoption: Indeed
SINGAPORE: Singapore has become a regional leader in the adoption of generative AI (GenAI), as... The post Singapore workforce sees significant increase in AI adoption: Indeed appeared first on The In ...
Singapore approves mpox vaccine from Bavarian Nordic for high-risk adults
Singapore’s Health Sciences Authority (HSA) has approved the JYNNEOS vaccine, developed by Danish pharmaceutical company Bavarian Nordic, for individuals aged 18 and older at high risk for smallpox or ...
Tata is said to shelve media unit IPO after buying out Temasek
The Indian conglomerate has opted to keep Tata Play Ltd as a closely held company for longer as it seeks to expand the business ahead of any potential listing in the future, the people said, asking ...
How the US Federal Reserve will help Singapore REITs outshine banks
Higher-for-longer global interest rates pumped up the profitability of loans at Singapore’s three homegrown banks. Last year, DBS Group Holdings Ltd, Oversea-Chinese Banking Corp and United Overseas ...
Singapore sees Asean as bright spot in a troubled world, says DPM Gan
DPM Gan told the Asean Conference 2024 that the world has become a more difficult place for investors amid United States-China trade disputes, wars in Ukraine and the Middle East, tensions in the ...
Woman, 75, scammed of over $213k — and would have lost $500k more if not for bank officer
A 75-year-old woman was scammed of investments worth more than $213,000 and would have lost another $500,000, if not for a bank officer stepping in after he noticed her unusual banking behaviour. Read ... ( read original story ...)
SBF partners UOB, Rajah & Tann and RSM to help Singapore companies expand into ASEAN through business missions
4. In a significant development, a Memorandum of Understanding (MOU) was signed during the conference between SBF, UOB, Rajah & Tann and RSM Singapore. The MOU aims to support Singapore companies in ...
DBS lowers TP for Hutchison Port Holdings Trust; volume growth expected to be affected by higher tax rate
Analysts Maggie Wang and Paul Yong have lowered their earnings estimates and DPU forecasts for the port operator to 13 HK cents.
WazirX Submits Moratorium Application To Singapore Court After $230 Crypto Heist: Report
Wazir X, the India-based Crypto exchange, has filed an application with a Singapore court seeking a moratorium after its $230 million crypto heist last month. This is as per Inc42 Wazir X's Parent ...