Canada’s largest pension fund and Singapore’s GIC Pte are in advanced talks to back PSG Equity’s plan to transfer $1.8 billion of company stakes into a new vehicle designed specifically for this type ...
Strong wealth segment likely to boost Q3 earnings at Singapore banks: analysts
STRONG wealth management fees are likely to have continued boosting earnings at the three local banks during the third quarter of this year, according to analysts awaiting the results of DBS, OCBC and ...
Strong wealth segment likely to boost Q3 earnings at Singapore banks amid NIM headwinds
STRONG wealth management fees are likely to have continued boosting earnings at the three local banks during the third quarter of this year, according to analysts awaiting the results of DBS, OCBC and ...
Singapore’s Winking Studios eyes London AIM market for dual listing, expansion plans
The company, which ranked third in Asia and fourth globally in revenue, has nine offices across Asia and collaborations with 22 of the world's top 25 game developers ...
Singapore bolsters fintech hub with Global Finance Technology Network
The Monetary Authority of Singapore (MAS) has established the Global Finance and Technology Network (GFTN) as part of its ongoing effort to position Singapore as a global hub for fintech innovation.
Punjab-origin man in Singapore jailed for criminal breach of trust on corporate card
Raul Randhawa, 44, was a risk and controls officer with an insurance firm with a monthly salary of more than SGD 11,000 ( ₹7 lakh approximately).
Singapore’s central bank sets up not-for-profit global fintech network
Singapore's central bank has set up a new not-for-profit platform to work with economies around the world on financial technology. The Global Finance and Technology Network will offer expert advisory ...
Goodwill Entertainment launches IPO at 20 cents per share
Goodwill Entertainment has launched its initial public offering on the Catalist board of the Singapore Exchange S68 The entertainment company has issued 60 million shares at 20 cents apiece. Of the 60 ...
HSBC will primarily cut senior roles in overhaul of management structure: CEO
The cuts will take place swiftly, with the outcome of the restructuring to be disclosed in February 2025. Read more at straitstimes.com.
Jail for man who used corporate credit card to make nearly $30k in unauthorised transactions
Raul Randhawa, who tendered his resignation in October 2023, has made full restitution. Read more at straitstimes.com.
Indian-origin man spends nearly Rs 19 lakhs with corporate credit card, jailed in Singapore
An Indian-origin Singaporean was sentenced to four months of imprisonment on Wednesday after he pleaded guilty to one count of criminal breach of trust by using a corporate credit card for personal ...
Jail for man who used corporate credit card to make unauthorised transactions involving nearly $30k
Raul Randhawa, who tendered his resigned in October 2023, has made full restitution. Read more at straitstimes.com.
OCBC becomes first Singapore bank with institutional intraday lending capacity
The move will enable the bank to deploy and maximise returns from its excess intraday liquidity, said OCBC in its Oct 30 statement.
OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending
OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology.
Standard Chartered to double down on wealth management as profit beats forecasts
Standard Chartered is to double investment in its wealth management arm as the bank beat estimates for its third-quarter profit and boosted plans for shareholder returns.
Singapore gov’t to invest $204m to boost national supercomputing prowess
here in Singapore, in our region, and around the world.” He added: "With continued investment in high-performance computing, strategic partnerships, and a strong focus on developing experts, we are ...