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Category: FINANCE

Posted on 30/05/2024

Bank of Singapore establishes Investment Advisory Council

Bank of Singapore has formed an independent investment advisory council to supplement the bank's Chief Investment Office's (CIO) research skills and provide pertinent knowledge to its clients. The ...

Posted on 30/05/2024

Singapore contributes $17.7m to WHO’s inaugural investment round

The Ministry of Health emphasises prioritising health emergency preparedness. Singapore has announced its grant of $17.7m (S$24m) to the World Health Organisation’s (WHO) newly launched investment ...

Posted on 30/05/2024

Singapore’s largest bank DBS holds $650 million in ETH: repor

Singapore’s DBS bank holds over 173.7k ETH worth $650 million. Blockchain analytics plaform Nansen identified a whale wallet with the ETH as belonging to the bank. DBS, Singapore’s largest bank that ...

Posted on 30/05/2024

Singapore Invests Close to S$300 million in National Quantum Strategy and Announces Green Data Centre Roadmap for Sustainable Growth

Mr Heng Swee Keat, Singapore's Deputy Prime Minister and Chairman of the National Research Foundation NRF, outlined an investment of close to S$300 million into Singapore's National Quantum Strategy ...

Posted on 30/05/2024

South-east Asia’s growth-dominated PE industry needs stronger IPO markets: Bain

The Singapore Exchange’s velocity was 32 per cent ... Varma said PE exits globally are relatively evenly spread across three main strategies: initial public offerings (IPOs), sales to other companies, ...

Posted on 30/05/2024

Bank of Singapore establishes independent investment advisory council

Bank of Singapore (BoS), on May 30, announced that it has created an independent investment advisory council. The council will augment the bank’s chief investment officer’s (CIO) research capabilities ...

Posted on 30/05/2024

HSBC leads Series A investment in Apac digital market infrastructure operator Marketnode

Singapore-based digital market infrastructure operator Marketnode has completed its first successful close of its Series A investment round led by HSBC alongside contributions from existing ...

Posted on 30/05/2024

Chinese national arrested in Singapore for creating malware that allowed criminals to steal billions

Dozens of his assets and properties may be seized, the DOJ said. They include a Singapore-registered 2022 Ferrari F8 Spider, bank accounts with CIMB Bank, Citibank Singapore and banks in Thailand, a ...

Posted on 30/05/2024

Singapore gets lion’s share of private equity amid regional decline: Bain report

Singapore captured over 40 per cent of capital investment in companies that are not publicly traded. Read more at straitstimes.com.

Posted on 30/05/2024

Gas investments in SE Asia undermine green energy, climate push: Report

Gas projects risk locking in decades of costly polluting energy and holding back investments in cheaper renewables. Read more at straitstimes.com.

Posted on 30/05/2024

Cheetahs and casinos: Links between environmental crimes and money laundering in Singapore

SINGAPORE: In 2020, a bank in Singapore found that one of its customers had paid S$130,000 to a South African supplier for 11 cheetahs.

Posted on 30/05/2024

Singapore to invest $222 mln to boost quantum computing capability

Tech firms such as Microsoft, Alphabet's Google and IBM as well as nation-states across the world are racing to create machines that can take advantage of quantum mechanics and potentially be capable ...

Posted on 30/05/2024

Singapore to invest nearly S$300 million in quantum tech research and talent

SINGAPORE will invest close to S$300 million over the next five years to boost quantum technology research and talent – including efforts to build processors for quantum computers locally. Read more ...

Posted on 30/05/2024

Fast-fashion behemoth Shein is preparing for an IPO. Here’s an inside look at the challenges it could face.

Fast-fashion phenomenon Shein is expected to go public this year in a hotly-anticipated listing.

Posted on 30/05/2024

BNPL to account for 2% of total spending in Singapore by 2027, unchanged from 2023: Worldpay

BUY now, pay later” (BNPL) will remain as one of the payment methods in Singapore, together with digital wallets and credit and debit cards, according to Worldpay’s 2024 Global Payments Report. Read ...

Posted on 30/05/2024

Woman in SG, 75, opened bank account on boyfriend’s behalf, received RM900,000 from suspicious sources

An elderly woman who met her “online boyfriend” on WhatsApp opened a bank account on his behalf which was later used to receive nearly S$260,000 (RM904,636) from suspicious sources.

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