ON THE first anniversary of the arrests of 10 foreigners in Singapore’s largest money laundering case, the first Singaporean linked to the crimes was hauled to court. Read more at The Business Times.
Singapore shares rose on Thursday—STI climbed 0.3%
SINGAPORE: Singapore shares rose on Thursday, Aug 15, following a positive performance in the US... The post Singapore shares rose on Thursday—STI climbed 0.3% appeared first on The Independent Singap ...
India convincingly overcomes its IPO demons
After some disastrous floats in India, ample caution is paying off. Shares of e-bike maker Ola Electric Mobility have surged 42% above their initial public offering price since their debut on Friday.
Singapore banks’ earnings to be hit by rate cuts but bright spots remain
Banks' strategies include raising percentage of loans that are fixed rate, putting on interest rate hedges. Read more at straitstimes.com.
Declining interest rates will take a huge part of UOB’s growth engines, but volumes will pick up: CFO Lee
The upcoming declining interest rate environment will affect a huge part of United Overseas Bank U11 0.00% ’s (UOB) growth engine, so the bank will have to focus on fee income for the foreseeable ...
UOB stands behind companies’ regional expansion efforts
UOB Thailand is committed to supporting large local corporations expanding into Southeast Asia to capitalise on the significant growth potential of regional economies, while also investing in domestic ...
UOB eyes South-East Asian markets
Singapore’s homegrown United Overseas Bank (UOB) wants to reduce its reliance on the city-state and plans to generate half its income from its other South-East Asian markets by 2026, says head of ...
‘What’ll define me as CEO? In a word, impact’: DBS’ Tan Su Shan
DBS CEO-designate Tan Su Shan tells ST how she is preparing for her upcoming role and what will define her stint. Read more at straitstimes.com.
Singapore’s Syfe Secures $27M to Accelerate Growth in Key Markets
Singapore-based investment platform Syfe has secured $27 million in a Series C funding round to accelerate its growth across the Asia Pacific region, focusing on expanding its services in Singapore, ...
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators. Bank of Singapore (BOS) is warning against a fraudulent application. The fake app can be found in hxxps ...
MAS, banks and tech companies to jointly work on quantum security
MAS and participating banks will experiment with Quantum Key Distribution (QKD) solutions jointly provided by SPTel and SpeQtral.
S$3b money laundering case: 2 ex-bank employees and former driver of fugitive to be charged in court
TWO former bank employees will be charged in court on Aug 15 over money laundering and forgery offences, one year after 400 police officers raided multiple luxury homes in the biggest money laundering ...
Singapore banks’ loan growth, fee income steady in Q2
Singapore’s banks delivered strong earnings in Q2 2024 on the back of net interest income (NII) growth, continued recovery in fees, and benign provisions, reports UOB Kay Hian (UOBKH). Loan growth ...
$3b money laundering case: 2 ex-bank employees and former driver of fugitive to be charged in court
Three individuals will be charged exactly one year after the arrests of the 10 money launderers on Aug 15, 2023. Read more at straitstimes.com.
Standard Chartered team up on Next Gen plan with INSEAD and SC Ventures
"Standard Chartered team up on Next Gen plan with INSEAD and SC Ventures" was originally created and published by Private Banker International, a GlobalData owned brand.
The deepfake election nightmare hasn’t happened. Singapore still wants to ban them
Following South Korea’s lead, Singapore intends to ban deepfakes ahead of upcoming elections, despite concerns of curbing freedom of speech.