The aggregate open interest currency derivatives contract on the Singapore Exchange have risen around 44 percent after the Reserve Bank of India’s (RBI) new norms kicked in on May 3. Experts attribute the sharp increase as a reaction to the Indian banking regulator asking participants to have valid underlying contracted exposure that has not been hedged ...
NSE’s loss, Singapore’s gain: Rupee volumes on SGX surge as FII leave in hordes
The market's fears about the impact of RBI's decision to restrict the use of exchange-traded currency derivatives for hedging appear to have come true. Investors are ditching NSE in favour of the ...
3 Singapore Dividend Stocks That Can Supply You with Dependable Retirement Income
If you are looking for a reliable source of dividend income, these three stocks could be the ones for you. The post 3 Singapore Dividend Stocks That Can Supply You with Dependable Retirement Income ...
Banks catapult STI to 6-year high as Singapore stocks extend gains
DBS charged ahead of its peers, jumping S$0.75 or 2 per cent to S$38.15, slightly lower than its 52-week high of S$38.17. UOB climbed S$0.23 or 0.7 per cent to S$33.10, while OCBC hit an all-time high ...
Money laundering in Singapore up by almost 80% in 2023—Moody’s
SINGAPORE: Financial intelligence and analytics tool provider Moody’s said recently that money laundering events in... The post Money laundering in Singapore up by almost 80% in 2023—Moody’s appeared ...
Singapore stocks continued their upward trend on Wednesday—STI gained 0.3%
SINGAPORE: Singapore stocks continued their upward trend on Wednesday, July 10, following the previous day’s rally. The Straits Times Index (STI) gained 8.65 points, or 0.3%, reaching 3,434.74 at 9:01 ...
Singapore stock benchmark heads for six-year high since June 2018 on earnings hopes
Singapore stocks are are set for a six-year high as investor optimism grows ahead of earnings season. The Straits Times Index is up 0.6% for the highest close since June 2018.
Singapore’s Temasek will back big polluters to curb emissions
Singapore’s Temasek Holdings Pte. will continue to invest in major polluters even as it seeks to slash portfolio emissions, aiming to push sectors like aviation to decarbonize faster.
Encouraging shareholder activism may help Singapore’s stock market
REVIEWS of shareholder activism are mixed, but in a market such as Singapore, more of such activity could be worth encouraging. Read more at The Business Times.
Singapore’s revamped anti-money laundering measures frustrate wealthy Chinese enough to leave for Hong Kong
SINGAPORE: Hong Kong is drawing high-net-worth individuals (HNWIs) from mainland China, a significant reversal from... The post Singapore’s revamped anti-money laundering measures frustrate wealthy Ch ...
Shanghai, Singapore deepen finance, digital economy cooperation
The 5th meeting of the Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) was held in Shanghai on Tuesday, aiming to deepen cooperation between Singapore and Shanghai in various fields ...
While Singapore scrutinises, Hong Kong wins back wealthy Chinese
It's a shift from the pandemic years when Hong Kong's strict quarantine and political upheaval led many to flock to Singapore Hong Kong is winning back wealthy Chinese by rolling out the red carpet ...
Banks in Singapore to phase out login OTPs for digital token users
Major banks in Singapore will phase out the use of one-time passwords (OTPs) for bank account logins by customers who are digital token users.
HSBC fined S$4.15M for offering incentives to unregistered intermediaries in MPF scheme
The MPFA highlighted that HSBC's actions “did not comply” with the Mandatory Provident Fund Schemes Ordinance's conduct requirements ...
P1-B moved from foreign banks to poll exec’s offshore accounts – Marcoleta
At least P1 billion worth of funds were transferred from different banks, including those based in South Korea, to 49 offshore accounts supposedly linked to a ...
DBS CEO says Trump will be open to cutting deals, which could suit China
SINGAPORE: DBS CEO Piyush Gupta said on Tuesday (Jul 9) that US presidential candidate Donald Trump, if he wins, would be open to cutting deals, which could suit China. Gupta, who made the comments in ...