Singapore is now among the top five finance hubs in the world after steadily attracting foreign bank assets and direct investment, according to London-based think tank New Financial.
Singapore banks face rising fraud as 90% report more attacks
Most institutions say financial harm now outweighs reputational concerns in fraud planning. Singapore banks are facing a rise in fraud attempts and financial losses, as nine in 10 executives admit ...
CPA Australia, IHRP sign pact linking finance and HR training in Singapore
The agreement will see the two organisations work together on People Manager learning programmes aimed at senior finance executives.
Ministry of Social and Family Development to invest S$15 million in emerging technologies
Singapore will invest S$15 million to drive its push in harnessing emerging technologies like AI for social good, as it looks to become a global leader in the space. Speaking at an inaugural ...
Singapore’s DBS, Samsung Securities plan Asia wealth management tie-up
SINGAPORE, July 2 (Reuters) - Singapore bank DBS and Samsung Securities said on Thursday they have signed a preliminary deal to explore a wealth management partnership aimed at giving clients wider ...
Foundation Healthcare seeks to raise $242 mil in largest SGX healthcare IPO since 2012
The company is offering 9.2 million public offer shares; the public offer is expected to open at 9pm on July 1.
Singapore’s BDx says open to IPO as AI boom fuels Asia expansion
Singapore’s BDx Data Centers said an initial public offering (IPO) is among its options as it seeks capital to expand across Asia and make the most of surging AI demand. “All options are on the table, ...
DBS Seen to Benefit From China’s Tighter Grip on Wealth Flows
DBS Group Holdings Ltd. is “best positioned” among lenders in Singapore to benefit from China’s sweeping measures to stem capital flight as it leans into banking a broader spectrum of rich clients, ...
Singapore keeps investment screening rules as FDI hits record $197b
Investors must seek approval for specified ownership changes in nine designated entities. Singapore aims to balance national security with minimising the impact on businesses and investors as it ...
DBS seen to benefit from China’s tighter grip on wealth flows: Research firm
China crackdown will likely impact but enhance appeal of rival wealth hub Singapore, said Autonomous analysts. Read more at straitstimes.com. Read more at straitstimes.com.
Foundation Healthcare prices Mainboard IPO offering at 76 cents per share
The company is offering 9.2 million public offer shares; the public offer is expected to open at 9pm on July 1.
Foundation Healthcare launches Singapore IPO to raise about $187 million
SINGAPORE, July 1 (Reuters) - Foundation Healthcare Holdings will raise about S$242 million ($186.7 million) through an initial public offering in Singapore, it said on Wednesday after setting the ...
1MDB lawsuit against Standard Chartered to proceed to trial in Singapore
A lawsuit against Standard Chartered Bank over its alleged role in the 1Malaysia Development Bhd (1MDB) scandal will proceed to trial in Singapore following a court order.
OCBC rolls out its ‘avatar banking’ platform with ‘Wendy’ and ‘Wayne,’ two virtual financial advisors, as banks integrate AI into wealth management
Still, new CEO Tan Teck Long promised to hire 600 new relationship managers, as wealth management becomes a growing business for the Singaporean bank.
UOB, quantum technologies centre partner to explore quantum computing for derivatives valuation
Large-scale simulation methods are being used currently but they can be time and resource-intensive Read more at The Business Times.
Standard Chartered loses bid to strike out US$2.7b 1MDB-linked claim in Singapore
SINGAPORE, July 1 — Singapore’s High Court has upheld a lower court’s decision refusing to strike ...