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Category: FINANCE

Posted on 01/07/2025

Malaysian liquidators sue Standard Chartered in Singapore, alleging its role in 1MDB fraud

Malaysian liquidators are suing Standard Chartered in Singapore, claiming the bank ignored red flags and suspicious transfers, a claim the bank strongly denies.

Posted on 01/07/2025

Skycraper projection mapping sets three world records

A projection-mapping show on the facade of Singapore’s joint-second-tallest building has set three Guinness World Records. The show has been officially certified as the: longest architectural ...

Posted on 01/07/2025

DBS returns with weekly S$3 cashback at hawker stalls, heartland shops

SINGAPORE] Singaporeans can enjoy a S$3 cashback when they spend at hawker stalls, heartland shops and wet markets on Saturdays from Jul 12 to Sep 27. Read more at The Business Times.

Posted on 01/07/2025

DBS partners with leading retail brands to help customers maximise value from everyday spending

DBS Bank today launched an exclusive strategic partnership, making it the only bank in Singapore to offer spending privileges at more than 680 outlets across Cold Storage, CS Fresh, Giant, Guardian ...

Posted on 01/07/2025

Standard Chartered Bank Faces $2.7 Billion Lawsuit Over Alleged Role in 1MDB Fraud

KUALA LUMPUR (Reuters) -Liquidators seeking to recoup misappropriated funds from Malaysia's sovereign wealth fund 1MDB have filed legal proceedings against Standard Chartered Bank in Singapore over ...

Posted on 01/07/2025

Standard Chartered Sued in Singapore Over Alleged Role in 1MDB Fraud

Liquidators seeking to recover billions in misappropriated funds from Malaysias sovereign wealth fund, 1MDB, have launched legal action against Standard Chartered Bank in Singapore. The lawsuit, filed ...

Posted on 01/07/2025

KKR Launches Financial Advisory Platform in Singapore

Private-equity firm KKR has launched a new financial advisory platform in Singapore, aiming to support firms in enhancing their technology and strengthening customer management. The platform, Ascend ...

Posted on 01/07/2025

KKR starts financial advisory platform to widen choices for Singapore consumers

SINGAPORE] Global asset manager KKR has started a platform for financial advisory (FA) firms that will give customer more choices. Read more at The Business Times.

Posted on 01/07/2025

Three senior Mizuho FX/rates traders exit in Singapore, London

SINGAPORE] Three senior executives have left Mizuho Financial Group’s foreign-exchange and rates trading teams in Singapore and London, according to sources familiar with the matter. Read more at The ...

Posted on 01/07/2025

Liquidators seeking US$2.7 bil from Standard Chartered in lawsuit over 1MDB, FT reports

Liquidators seeking to recover funds from Malaysia’s investment fund, 1Malaysia Development Berhad (1MDB), has filed a claim for US$2.7 billion ($3.43 billion) against Standard Chartered, reported the ...

Posted on 01/07/2025

Standard Chartered hit with $2.7bn lawsuit over 1MDB scandal

Liquidators still trying to recoup billions of dollars siphoned from Malaysia’s sovereign wealth fund and then laundered ...

Posted on 01/07/2025

DBS’ PayLah! Brings Back Cashback, Meal Deals and Community Events for SG60

DBS/POSB is bringing back its weekly SGD 3 cashback offer for PayLah! users at hawker stalls, wet markets and heartland shops ...

Posted on 01/07/2025

Wealthtech Disrupts Singapore’s Investment Landscape as Digital Adoption Accelerates

Wealthtech is reshaping Singapore’s wealth management sector as both startups and incumbent financial institutions ramp up digital transformation to meet ...

Posted on 01/07/2025

Singapore police can now freeze bank accounts to protect scam victims

Singapore police now have the power to block scam-related financial transactions, as the Protection from Scams Act 2025 comes into force today, 1 July 2025.

Posted on 01/07/2025

From greater liquidity to flexibility: How insurance can be a good entry point to legacy planning

With long-term goals coming into sharper focus, HSBC Life Singapore CEO Harpreet Bindra shares how evolving needs are shaping the way people prepare for the future Read more at The Business Times.

Posted on 01/07/2025

Experts warn of possible deterioration in Singapore’s labour market

UOB cites falling recruitment and resignation rates as early warning signs. The labour market remains broadly stable, but experts warned of potential deterioration as vulnerabilities emerge. “The ...

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