Fast-fashion phenomenon Shein is expected to go public this year in a hotly-anticipated listing.
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 ...
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.
Citi Private Bank sees opportunities in Singapore, region in 2024
Citi Private Bank has completed most of its job cuts and is optimistic about 2024 as it gains new clients in Singapore and the region, and grows its core assets under management by double-digits.
BNPL to account for 2% of total spending in S’pore by 2027, unchanged from 2023: Worldpay
Singapore consumers spent $3.4 billion online and in store using BNPL services. Read more at straitstimes.com.
Cheetahs and casinos: Links between environmental crimes, money laundering in Singapore
It added that, so far, there have been no known cases of illicit funds from environmental crimes being passed through casinos in Singapore. But in Laos, a criminal network used a casino to traffic ...
Hong Kong is more entrepreneurial, open and diverse than Singapore, finance chief Paul Chan tells US businesses
Hong Kong is more entrepreneurial, open and diverse than Singapore, the city’s finance chief has told US business leaders during his visit to the country as he looks to lure companies eyeing expansion ...
Singapore’s OCBC investing US$192 million in Hong Kong, Macau to support business growth, CEO Helen Wong says
The Singaporean lender’s digital banking capability will increase substantially and lead to greater use of AI and machine learning in its products and services, CEO Helen Wong says.
Malaysia should explore joint fund with Singapore to develop new semiconductor hub
Malaysia should explore the possibility of setting up a joint investment fund to develop a new semiconductor hub in the Johor-Singapore Special Economic Zone, said Prof Ong Kian Ming. The proposed ...
Yangzijiang steams ahead, but STI dips 6.89 points, in line with Asian market slide
Advancers beat decliners 255 to 311, with $1.3 billion worth of securities changing hands. Read more at straitstimes.com.
Thailand’s new finance minister may steady skittish markets
Thailand's new finance minister has caught investor attention with a more conciliatory approach to the central bank, opening a window for policy coordination to support battered markets. Thailand's ...
Woman, 75, opened bank account on boyfriend’s behalf, received $259k from suspicious sources
Kang Pue Hue got to know one "John Lee Marina" through WhatsApp before she committed her offences. Read more at straitstimes.com.
Singapore’s OCBC to invest more in Greater China despite geopolitical tensions
The reason for the bank to continue investing in Greater China, contrasting with what some western peers have been doing, is that it continues to see great growth potential in the world's ...
OCBC to invest $260 million to grow tech capabilities, office space in Greater China
The bank hopes to seize opportunities from companies that are increasingly looking to South-east Asia. Read more at straitstimes.com.
OCBC doubles down on Greater China growth, aims to invest HK$1.5 billion into its tech and facilities in the region
OCBC is banking on China’s improving economic condition and resultant positive spillovers into Asia as key growth drivers, as it plans further investments into its services across the Greater China ...
OCBC to invest HK$1.5 bil into tech and facilities across Greater China, hire 300 software engineers in China
In addition, Bank of Singapore’s Hong Kong branch aims to grow AUM by 50% by 2026, compared to end-2023 figures.