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Category: FINANCE

Posted on 22/11/2024

Ex-DBS employee jailed for accessing customer data, passing details to moneylender and bookie

Huang Pin Wen committed his offences, which numbered more than 120, out of "foolishness" and to impress others, his lawyer said.

Posted on 22/11/2024

Near-term volatility drives SGX to 17-year peak on higher turnover

SHARES of Singapore Exchange (SGX) charged to their highest since December 2007, driven by near-term volatility as turnover and trading volumes advance. Read more at The Business Times.

Posted on 22/11/2024

Singapore Bourse Poised To Halt Its Slide

The Singapore stock market has finished lower in two straight sessions, slipping almost 20 points or 0.6 percent in that span. The ...

Posted on 22/11/2024

5 Finfluencers You Should Follow: Top Finance Influencers in Singapore

These days, you can learn anything online. In today’s digital age, we can plan entire trip itineraries without ever leaving TikTok and learn how to change a car tyre simply by following a YouTube ...

Posted on 22/11/2024

Singapore stocks rose on Friday’s open—STI gained 0.3%

Banking stocks were mixed on Friday’s open. UOB rose 0.4%, or S$0.15, to S$36.30, while OCBC gained 0.3%, or S$0.05, to S$16.48. DBS dipped inched down 0.02%, or S$0.01, to S$42.55.

Posted on 22/11/2024

Court lifts veil on fraudulent diamond investment scheme; $2.38m in damages awarded

The ring was bought off the shelf for about $25,000 and presented to investors as being worth $13.8 million. Read more at straitstimes.com.

Posted on 22/11/2024

Diamonds aren’t forever: Singapore court exposes ‘Jane Seymour’ gem as RM45m synthetic hoax

A three-year legal battle involving a Singaporean and a fraudulent multimillion-dollar diamond investment has come to light after the country’s Court ...

Posted on 22/11/2024

Singapore’s GDP growth forecast revised upward for 2024, outlook mixed for 2025

Singapore’s GDP is projected to grow at “around 3.5 per cent” in 2024, an upward revision by the Ministry of Trade and Industry (MTI). Growth slowed in 2025 to a projected “1.0 to 3.0 per cent”.

Posted on 22/11/2024

In forgotten parts of Singapore’s iconic Orchard Road shopping street, a new era is taking shape

Orchard Road, Singapore’s main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch.

Posted on 22/11/2024

Gold prices rose sharply in 2024. Is it a good time to invest in gold?

Gold prices rose sharply in 2024, and could reach US$3,000 by the third quarter of 2025, says an expert. But there are risks involved. Read more at straitstimes.com.

Posted on 22/11/2024

Focus more on climate adaptation, strong finance commitment, urges Malaysian minister at COP29

Too often, adaptation is seen as the poorer cousin to mitigation, the minister said. Read more at straitstimes.com.

Posted on 21/11/2024

Digital investment platform offers commercial papers to retail investors

A private markets investment and trading platform is offering retail investors the chance to buy an investment usually reserved for more sophisticated traders. Read more at straitstimes.com.

Posted on 21/11/2024

DBS buys 77,700 shares in ST Engineering for $0.4 mil

DBS Bank has bought 77,700 shares in Singapore Technologies Engineering S63 (ST Enginnering) on Nov 14, for a purchase consideration of $365,050.14, or $4.70 per share. Following the transaction, DBS’ ...

Posted on 21/11/2024

Court papers lift veil on $3.5m legal battle over investment fraud, synthetic ‘Jane Seymour diamond’

The ring was bought off the shelf for US$19,136 and presented to investors as $13.8 million. Read more at straitstimes.com.

Posted on 21/11/2024

Saiful Alam claims Singapore citizenship shields against Bangladesh Bank ‘intimidation’

Mohammed Saiful Alam, chairman of S Alam Group, has been described by his legal team as a Singaporean citizen and has invoked a bilateral investment treaty as protection against Bangladesh Bank’s ...

Posted on 21/11/2024

Zühlke Champions Generative AI, Digital Money for Future of Finance at SFF 2024

Zühlke took part in the SFF 2024, demonstrating its commitment to driving impactful change in the financial technology landscape.

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