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Category: FINANCE

Posted on 16/04/2024

China c.bank keeps policy rate unchanged, drains cash from banking system

SHANGHAI/SINGAPORE, April 15 (Reuters) - China's central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system through the bond instrument.

Posted on 16/04/2024

Singapore’s outgoing PM to stay on as senior minister, his successor says

Wong, who is also finance minister, credited Lee for Singapore's strong economic growth and said he was glad that he agreed to stay on as senior minister. former Prime Ministers Lee Kuan Yew and Goh ...

Posted on 16/04/2024

WE’RE LIVE! FinTech LIVE Singapore

Kickstarting the year of events for FinTech LIVE, FinTech LIVE Singapore returns featuring speakers from Amberdata, Standard Chartered, ING, WeLab and more

Posted on 16/04/2024

HSBC lays off at least a dozen Asia dealmakers amid weaker activities: Sources

Bankers in Hong Kong and Singapore will be affected as the lender cuts costs, two of the sources said. Read more at straitstimes.com.

Posted on 16/04/2024

S’pore tech start-up myFirst eyes US IPO after partnership with SGX-listed Fu Yu

First is known for its kid-friendly platform that enables children to socialise through its range of wearable products. Read more at straitstimes.com.

Posted on 16/04/2024

Report: Singapore’s SMEs face contraction for 5 straight quarters

Singapore’s small and medium-sized enterprises (SMEs) were in a contract mood for the fifth consecutive quarter, reported Xinhua quoting a report

Posted on 16/04/2024

Singapore’s outgoing prime minister will stay on as senior minister, his successor says

Singapore’s incoming leader says Prime Minister Lee Hsien Loong will stay on as senior minister in the government after he steps down next month.

Posted on 16/04/2024

Incoming Singapore PM says incumbent Lee to serve as senior minister in next cabinet – media

Singapore's prime minister-designate, Lawrence Wong, on Tuesday said the city-state's incumbent leader Lee Hsien Loong would serve as a senior minister in his cabinet after he takes power on May 15.

Posted on 16/04/2024

HSBC lays off at least a dozen Asia dealmakers amid weaker activities, sources say

HSBC is laying off more than a dozen of its investment banking staff in Asia as dealmaking in the region slows, three people with knowledge of the matter told Reuters on Tuesday. Bankers in Hong Kong ...

Posted on 16/04/2024

HSBC cuts a dozen Asia dealmakers, source says

HSBC is laying off around a dozen of its Asia investment banking staff, a person with knowledge of the matter told Reuters on Tuesday. Bankers in Hong Kong and Singapore are impacted as the lender ...

Posted on 16/04/2024

Court lets OK Lim’s daughter leave Singapore, bail doubled to S$100,000

LIM Huey Ching – the daughter of fallen oil tycoon Lim Oon Kuin or OK Lim – was on Tuesday (Apr 16) granted conditional permission by the state courts to leave Singapore to attend the graduation ...

Posted on 16/04/2024

OCBC’s Quest for Loan Recovery Amidst a $3 Billion Money Laundering Probe

OCBC Bank embarks on a quest amidst the sun-drenched shores of Sentosa, Singapore, a gripping tale unfurls within the backdrop of a colossal $3 billion money laundering investigation. The crux of the ...

Posted on 16/04/2024

Eco-friendly data centers help drive $6.3 billion of green investment in Southeast Asia, but report shows more needed

Southeast Asia saw an uptick in green investments in 2023, with a boost from green data center projects, though funding remains insufficient, says a report.

Posted on 16/04/2024

5 men charged over bogus investment schemes that duped 47

The police said on April 15 that Muhammad Muniruddin Mohamed Khairuddin, 38, Osman Japar, 52, and Muhammad Nabil Fatin Osman, 29, allegedly formed part of a team that duped 47 people into investing in ...

Posted on 16/04/2024

SMEs in Singapore remain contractionary for fifth consecutive quarter: OCBC

According to the latest small and medium-sized enterprises (SME) index by Oversea-Chinese Banking Corporation (OCBC), SMEs have remained contractionary for the fifth consecutive quarter. The latest ...

Posted on 16/04/2024

LinkedIn Top Companies 2024 in Singapore: DBS, Standard Chartered, OCBC, Singlife in the list

Homegrown bank DBS retained the top spot on the LinkedIn Top Companies 2024 list for Singapore, according to the social media company. The annual list, released on Tuesday (16 April), is the fourth ...

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