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Category: FINANCE

Posted on 11/10/2024

September rate cut boosts Singapore property investment by 24.8% QoQ to S$8.3B

The recent interest rate cut in September has boosted the Singapore property market, resulting in a significant rise in investment activity.

Posted on 11/10/2024

‘I’m tired of not having anything in my bank account,’ 32 yo Singaporean feels discouraged because he still has no substantial savings

SINGAPORE: A 32-year-old Singaporean took to social media on Wednesday (Oct 9) to share that he feels truly discouraged for not having any significant savings.

Posted on 11/10/2024

Asian hour trading of US Stocks: Societe Generale’s DLCs now available for Singapore investors

Societe Generale has grown its DLC product range from just 10 in 2017 to over 200 today, and it continues to expand. Initially focusing on US index-linked DLCs tracking the Nasdaq-100, S&P 500 and Dow ...

Posted on 11/10/2024

$6.7m lost to scammers posing as government officials, bank officers in September

The scammers would falsely inform victims of suspicious transactions or credit card issues. Read more at straitstimes.com.

Posted on 10/10/2024

Russia is said to be losing another banking partner as more lenders turn their back on Moscow over fear of sanctions

Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transactions come November.

Posted on 10/10/2024

At least $6.7m lost to scammers posing as government officials and bank officers in September

The scammers would falsely inform victims of suspicious transactions or credit card issues. Read more at straitstimes.com.

Posted on 10/10/2024

New HSBC plan multiplies coverage up to six times

The plan also offers enhanced critical illness coverage. HSBC Life Singapore has introduced Life Treasure III, a regular premium, participating whole life insurance plan which allows clients to ...

Posted on 10/10/2024

DBS Private Bank flexes Asian heft in global push

DBS Private Bank has undergone remarkable changes over the past five years. The transformation has been built on the foundations laid by the bank’s incoming chief executive Tan Su Shan, who instilled ...

Posted on 10/10/2024

Digitalisation tops sustainability investments for Singapore companies: report

In Singapore, 53% of companies plan to invest $700,000 or more in sustainable transitions over the next two years, according to Schneider Electric. Ranking above supply chain sustainability, which ...

Posted on 10/10/2024

In what could be a Singapore record, court awards finance veteran US$2.4m for wrongful dismissal after two-year legal battle

A Singapore High Court judge has awarded a German cryptocurrency executive over US$2.4 million (RM10.3 million) in damages following a two-year legal battle over wrongful dismissal, potentially ...

Posted on 10/10/2024

Bank of Singapore winds down Luxembourg operations

Bank of Singapore is winding down its operations in Luxembourg as it pivots all its focus to expanding its UK presence.

Posted on 10/10/2024

Head of digital marketing Hiren Desai closes chapter at Standard Chartered Bank

Hiren Desai, Standard Chartered Bank's head of digital marketing for Singapore, ASEAN and South Asia, has stepped down from the role after six years in the company, he told MARKETING-INTERACTIVE.

Posted on 10/10/2024

Singapore’s second-largest bank imposes restrictions on Russia

Singapore's financial corporation OCBC will cease all financial operations related to Russia, with the restrictions set to take effect on November 1, Bloomberg informs. According to a statement ...

Posted on 10/10/2024

State invites Singapore to be RR summit’s ‘partner country’

Rajasthan's industries minister Rajyavardhan Rathore extends invitation to Singapore to become a partner country for the Rising Rajasthan investment summit, seeking collaboration in various sectors ...

Posted on 10/10/2024

Singapore’s second-largest bank to halt transactions involving Russia

From 1 November, Singapore's Oversea-Chinese Banking Corporation (OCBC) will no longer handle any transactions involving Russia. Source: Bloomberg Details: In a message to its corporate and private ...

Posted on 09/10/2024

Looking for Reliable Singapore Blue-Chip Stocks? Here are 4 That You Can Consider for Your Portfolio

The lender’s standing as one of the three big banks in Singapore should provide investors with the assurance that it can weather future economic storms. The bank reported a stellar set of earnings for ...

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