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Posted on 18/10/2023

Singapore shares fall at Wednesday’s close; STI down 1.1%

SINGAPORE shares finished Wednesday (Oct 18) lower, reversing gains from the day earlier. Read more at The Business Times. ( read original story ...)

Posted on 18/10/2023

Singapore shares fall on Wednesday; STI down 1.1%

SINGAPORE shares finished Wednesday (Oct 18) lower, reversing gains from the day before. Read more at The Business Times.

Posted on 18/10/2023

From Switzerland to Singapore, a global arms race to attract family offices (and their tax dollars) is hotting up

Top destinations for family offices and their asset structures are changing as a global arms race to attract their tax dollars) hots up.

Posted on 18/10/2023

Daily roundup: Singapore’s Chinatown makes world’s coolest neighbourhoods list, ranks 14th behind Hong Kong and Tokyo — and other top stories today

Stay in the know with a recap of our top stories today. 1. Singapore’s Chinatown makes world’s coolest neighbourhoods list, ranks 14th behind Hong Kong and Tokyo Beyond the shiny Central Business ...

Posted on 18/10/2023

Billion-dollar money laundering case: How a man wanted in China came to be in ‘safer’ Singapore

Wang Dehai purportedly has substantial wealth overseas, including two houses in China worth about S$1 million, a S$3 million house in Cyprus and over S$10 million in Hong Kong bank accounts.

Posted on 18/10/2023

Hong Kong’s MPF retirement scheme ranks second best in Asia behind Singapore’s amid investment losses: Mercer

Singapore's scheme received a 79.8 this year. "The drop in points reflects the tougher environment the market is operating in such as higher interest rates, and drops in investment markets, which can ...

Posted on 18/10/2023

Singapore’s InsurTech Giant Bolttech Considers US IPO to Raise $300M

According to unconfirmed reports, Bolttech is seeking up to $300 million in funding from a possible IPO in the US.

Posted on 18/10/2023

Singapore’s Chinatown makes world’s coolest neighbourhoods list, ranks 14th behind Hong Kong and Tokyo

Beyond the shiny Central Business District (CBD) area and shopping district of Orchard Road, Singapore holds many hidden sights and experiences in her many neighbourhoods. While Singaporeans are aware ...

Posted on 18/10/2023

Singapore plans to reach $160b in the manufacturing sector by 2023

Heng Swee Keat put emphasis on three key priorities that the industry must continue to innovate on. Singapore plans to boost its manufacturing sector’s contribution to $160b by 2030, whilst its ...

Posted on 18/10/2023

Singapore to scrutinise Credit Suisse, others amid massive money laundering probe

The Swiss lender is among the banks that the Monetary Authority of Singapore plans to inspect after they were found to have relationships with alleged money launderers. ( read original story ...)

Posted on 18/10/2023

Citibank Singapore launching new satellite wealth advisory hubs in 2024

The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints. Citibank Singapore is launching two new satellite wealth advisory hubs in the first quarter of 2024. The upcoming ...

Posted on 18/10/2023

UOBKH and DBS analysts raise TP for Aztech following record-high quarterly earnings

As Aztech’s earnings have exceeded forecasts, UOBKH has raised its TP to $1.11, while DBS has raised it to $1.25.

Posted on 18/10/2023

Singapore to inspect Credit Suisse, others in money-laundering scandal – Bloomberg

The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of wealthy clients after at ...

Posted on 18/10/2023

Singapore to Inspect Credit Suisse, Others in $2 Billion Scandal

Singapore’s financial regulator will conduct an on-site inspection of Credit Suisse Group AG after at least one of its customers was charged for money laundering in a scandal that has rocked the ...

Posted on 18/10/2023

Why international firms continued to locate offices in Singapore

This supported the increase in occupancy and rent of prime-grade offices. Smaller international and regional banks have been sourcing for modest expansion space in Singapore amidst other global banks ...

Posted on 18/10/2023

RHB maintains a defensive Singapore equities portfolio 4QFY2023

Top picks include Delfi, Sheng Siong, ThaiBev, OCBC, Golden Agri, Raffles Medical, ST Engineering, CDL, Centurion and Food Empire.

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