Credit Suisse has been penalized S$3.9 million ($3 million) by Singapore’s authorities after a probe found the lender failed to prevent or detect misconduct by its relationship managers.Most Read from ...
Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online
SINGAPORE: A deepfake video of Deputy Prime Minister Lawrence Wong is being spread on social... The post Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online ...
Singapore Companies Which Went Public in 2023: How Are They Doing?
Singapore's Initial Public Offering (IPO) market, with more dips than climbs. The numbers tell a stark story: a 95% drop in IPO proceeds to $28 million and market caps dwindling to $137 million. ( read original story ...)
Credit Suisse Slapped With $3M Fine By Singapore In Effort To Curb Financial Malpractices
In a move aimed at curbing financial malpractices, Credit Suisse has been hit with a $3 million penalty by the Monetary Authority of Singapore (MAS). The bank’s relationship managers were found to be ...
Four men, including two teens, detained for importing e-vaporisers
They had purchased the e-vaporisers from a shopping mall in Johor Bahru and tried to enter Singapore. Read more at straitstimes.com.
Singapore’s Budget 2024 to be delivered by DPM Lawrence Wong on 16 February 2024
Budget Statement will be delivered on Friday, 16 February 2024, by Deputy Prime Minister and Minister for Finance Lawrence Wong. To be delivered in Parliament, there will be live television and radio ...
6 things to note about CPF contributions in Singapore
The Central Provident Fund (CPF) was started by the Singapore government in 1955 as a key pillar of the country's social security system. It is run by the CPF Board, made up of a chairman and 14 other ...
Singapore factory output rises 1% in November, missing forecasts
SINGAPORE – Singapore’s factory output grew in November for a second month but fell short of expectations, largely due to a significant deceleration in electronics, as well as contractions in ...
Singapore jails man who leaked teen ex-girlfriend’s nude photos in revenge
The man took revenge on the girl because he assumed she was responsible for jokes about his private parts on a gaming app.
Singapore readies sales tax hike as demographic crunch looms
Singapore households are bracing for a sales tax hike that takes effect in the new year as the government shores up coffers ahead of an expected surge in social spending in the rapidly ageing ...
Singapore’s 2024 Budget statement to be delivered in Parliament on Feb 16
Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore's 2024 Budget statement in Parliament on Feb 16, the Ministry of Finance (MOF) said on Thursday (Dec 28).
Singapore imposes civil penalty on Credit Suisse for managers’ misconduct
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank's failure to prevent or detect misconduct by its relationship managers, the ...
Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion
Seatrium Financial Services, a wholly-owned subsidiary of Seatrium Limited, has successfully refinanced an existing loan facility due in February 2024 with a $400 million committed loan facility from ...
Singapore Welcomes World ID Verification Debut As Worldcoin Struggles In Red Zone
Worldcoin's efforts seem to have been paying off slowly, with its crypto WLD seeing impressive gains over the past 30 days.
Suez Canal reroutes have mixed impact on Singapore SMEs so far
AS CONFLICT in the Red Sea causes ships to be rerouted away from the Suez Canal, some imports from Europe to Singapore may face delays and higher costs, said industry observers – though it is still ...
Singapore’s F&B groups delay, scrap new outlet openings amid tough conditions
SOME food and beverage (F&B) operators in Singapore are delaying or even scrapping plans for new outlets this year-end season, in contrast to the usual flurry of openings in previous years. Read more ...