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Month: March 2025

Posted on 06/03/2025

Crypto Custodian Hex Trust Secures Major Payment Institution License in Singapore

Hex Trust, a cryptocurrency custodian and trading platform, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the firm said on Thursday.

Posted on 06/03/2025

Man charged with importing 154 replica guns into Singapore without permit

SINGAPORE: A 44-year-old man was charged in the State Courts on Thursday (Mar 6) for importing 154 replica guns into Singapore without a permit.

Posted on 06/03/2025

Singapore aims to boost maritime efficiency with digital and cybersecurity upgrades

The city-state will leverage technology to improve operations. The Maritime and Port Authority of Singapore (MPA) is developing systems that will help streamline port and marine services, ensuring the ...

Posted on 06/03/2025

Singapore shares close higher on Thursday; STI up 0.5%

THE benchmark Straits Times Index (STI) closed up 0.5 per cent or 18.66 points at 3,917.06 on Thursday (Mar 6), following regional indices. Read more at The Business Times.

Posted on 06/03/2025

Singapore University of Social Sciences to get new campus at former Rochor Centre site by mid-2030s

The new centrally located campus will enhance accessibility for students and working adults, says the Ministry of Education.

Posted on 06/03/2025

Top 10 ETFs in Singapore—The Total Beginner’s Guide to Investing in ETFs (2025)

If you’re here because your New Year’s resolution is to finally start investing, you’ve come to the right place. Investing in Exchange Traded Funds, also known as ETFs is one of the best ways for ...

Posted on 06/03/2025

Woman opens bank accounts that received S$711M, admits she has no clue where the money came from

Zin Nwe Nyunt, a 58-year-old Singapore citizen, admitted in court that she was unaware of the origins of hundreds of millions of dollars ...

Posted on 06/03/2025

Daily Cuts – Wealth Wise – Could Singapore’s economy be in for more headwinds?

Singapore's core inflation has fallen to its lowest in more than three years but with inflation likely creeping up in the US and tit-for-tat tariffs, could that be a problem for Singapore going ...

Posted on 06/03/2025

DBS outgoing CEO pay up 57% in 2024; successor sees momentum

DBS Group paid outgoing CEO Piyush Gupta S$17.6 million ($13.22 million) for 2024, up 57% on year, as Singapore's biggest bank reported record annual revenue and profit.

Posted on 06/03/2025

DBS outgoing CEO gets US$13 million in ‘another banner year’

The pay makes Gupta one of Asia’s highest-paid bankers, behind Standard Chartered boss Bill Winters who earned US$13.8 million) last year.

Posted on 06/03/2025

Singapore’s DBS courts rich Chinese with wealth manager hiring spree

Among the recent recruits to the north Asia desk — which largely covers mainland China but also Hong Kong and Taiwan — are Gloria Sun, who previously ran Deutsche Bank’s north Asia team, and Raymond ...

Posted on 06/03/2025

Singapore Adds Charges for Two Held in Server Fraud Case

Two suspects, Aaron Woon, 41, and Alan Wei, 49, face one more charge each for conspiring to commit fraud on tech firm Super Micro in 2024 in Singapore. They made "false representation that the items ...

Posted on 06/03/2025

Singapore emerges as a leading destination for cross-border investment in 2024, with promising prospects for 2025

SINGAPORE: In 2024, the city-state solidified its position as a global investment hub, ranking as the fourth most in-demand destination for cross-border investm ...

Posted on 06/03/2025

DBS doubles down on sustainability commitments even as large US banks retreat

Bank's sustainable financing commitments jumped 27 per cent to $89 billion as at end-2024. Read more at straitstimes.com.

Posted on 06/03/2025

Piyush Gupta reflects on his 15 years as DBS CEO as he prepares to hand reins to Tan Su Shan

DBS chief executive officer Piyush Gupta will be handing over the reins to deputy CEO Tan Su Shan on Mar 28, as he retires after 15 years at the helm. Read more at The Business Times.

Posted on 06/03/2025

DBS CEO Piyush Gupta’s salary reaches S$17.6 million amid record-breaking 2024 performance

Outgoing DBS CEO Piyush Gupta earned S$17.6 million in 2024, reflecting a 14.3% increase from 2022, as DBS posted record profits and shareholder returns. The bank expanded its digital and AI ...

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