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Category: FINANCE

Posted on 26/10/2024

Who pays for phishing scam losses: outline of Singapore’s Shared Responsibility Framework on duties of telcos, banks

Banks such as DBS Bank, UOB, OCBC Bank and Citibank, and payment services providers that offer e-wallets, such as Grab, YouTrip and Revolut are the first ...

Posted on 26/10/2024

School of grit: Banking head went from playing truant in primary school to acing poly and uni

From troublemaker to topping the academic cohort, Mr Alvin Lim's journey to success has been hard-won. Read more at straitstimes.com.

Posted on 25/10/2024

Las Vegas Sands To Invest $8 Billion To Expand Singapore Casino

Las Vegas Sands—controlled by the family of the late casino billionaire Sheldon Adelson—plans to invest $8 billion to expand its integrated casino resort in Singapore amid a tourism boom in the ...

Posted on 25/10/2024

Four arrested, S$440,000 seized after Singapore operation against money mule activities

SINGAPORE: Four people were arrested and over S$440,000 in suspected scam proceeds seized in an islandwide operation against suspected money mule activities earlier this month.

Posted on 25/10/2024

At a glance: Duties of telcos and banks under Singapore’s scam liability framework

SINGAPORE - A new framework will be launched on Dec 16 to establish who pays the bills for phishing scam losses. First in line to be examined are banks, such as DBS Bank, UOB, OCBC and Citibank, and ...

Posted on 25/10/2024

Financial institutions, telcos to be accountable to scam victims; new framework kicks in on Dec 16

Under the Shared Responsibility Framework, banks have to block or hold for 24 hours suspicious transactions of over $25k. Read more at straitstimes.com.

Posted on 25/10/2024

Trump victory implies tarriffs, debt, inflation and rising interest rates says OCBC

Trump victory to fuel higher debt, tariffs, inflation, interest rates, and ultimately recession, pressurising S-REITs, regional markets ...

Posted on 25/10/2024

SCB Wins Top Marketing Awards from Marketing Excellence Awards 2024, Reinforcing Its Digital Bank with a Human Touch Strategy

Siam Commercial Bank (SCB), led by Ms. Piyamas Siriwat, Senior Vice President, Solution Sales and Specialist Division and other executives, announced the bank's success in winning two prestigious ...

Posted on 25/10/2024

DBS and Citi maintain ‘buy’ on Mapletree Pan Asia Commercial Trust

Citi analyst Brandon Lee notes that MPACT continues to benefit from positive Singapore rent reversions in 1HFY2025, driven by Vivocity with a positive rental reversion of 17.3%. This is supported by ...

Posted on 25/10/2024

KWAP invests RM219mil in Singapore-based Cyan to boost offshore sector

The Retirement Fund Incorporated says the investment supports its RM20 billion transition asset target by 2030.

Posted on 25/10/2024

National Stock Exchange’s IPO hinges on approval from Sebi, says CEO

The National Stock Exchange of India Ltd., whose initial public offering has faced delays since it initial filing in 2016, needs approval from the Sebi to reapply ...

Posted on 25/10/2024

‘For the good of our people’: PM Wong says Singapore will support Commonwealth in using tech for development

Singapore believes in the transformative power of artificial intelligence (AI) and will support fellow Commonwealth states in using technology for development, said Prime Minister Lawrence Wong on Oct ...

Posted on 25/10/2024

UOB Kay Hian maintains ‘buy’ on KORE, downgrades TP to 38 US cents

UOB Kay Hian (UOBKH) analyst Jonathan Koh has maintained his “buy” call on Keppel Pacific Oak US REIT (KORE) as he sees a “gradual and steady recovery” as well as stable occupancy in the REIT’s ...

Posted on 25/10/2024

Las Vegas Sands to spend $8 billion to expand MBS resort in Singapore

Casino operator Las Vegas Sands plans to invest $8 billion in Singapore to expand its Marina Bay Sands resort, a major bet by the Nevada-based firm on the city-state's tourism market. The project, ...

Posted on 25/10/2024

About time banks, telcos shared liability in scam cases in Singapore

Singapore banks are to beef up fraud detection and share liability with new rules offering a small measure of protection against scam cases.

Posted on 25/10/2024

Singapore Shares May Tick Higher Again On Friday

(RTTNews) - The Singapore stock market has moved higher in two straight sessions, gathering almost 20 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,600-point ...

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