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Category: FINANCE

Posted on 22/08/2024

Wang Qiming and Liu Kai: Bankers who Orchestrated Singapore’s Biggest Money-Laundering Scandal

Singapore’s reputation as a global financial hub has been shaken by a monumental money-laundering scandal involving two prominent bankers, Wang Qiming and Liu Kai. This case, which has become the ...

Posted on 22/08/2024

PNB Housing Finance falls 3% after Rs 715.60 crore block deal; Asia Opportunities V likely seller

Shares of PNB Housing Finance fell over 3 percent on August 22 after a block deal worth as much as Rs 715.60 crore took place in the counter, with Asia Opportunities V (Mauritius) being the likely ...

Posted on 22/08/2024

Singapore consumers ranked CIMB as the Best Consumer Bank for Customer Service

CIMB Singapore has been voted top consumer bank for customer service in The Straits Times "Singapore's Best Customer Service Survey 2024/25". This is the second consecutive year that CIMB has been ...

Posted on 22/08/2024

StarHub appoints DBS Singapore’s Han Kwee Juan as independent non-executive director

StarHub has appointed Han Kwee Juan, the Group Executive and Country Head of DBS Singapore, as an independent non-executive director.

Posted on 22/08/2024

CDP vs. Custodian Accounts in Singapore: Which One Should You Trust with Your Investments?

Moomoo is currently running an exciting promotion, especially if you are interested in reorganizing where you want to custodise your securities. If you hold local securities in your CDP account and wo ...

Posted on 22/08/2024

Singapore shares retreat at Thursday’s open; STI down 0.3%

SINGAPORE shares started trading in negative territory on Thursday (Aug 22) despite overnight gains in global markets. Read more at The Business Times.

Posted on 22/08/2024

CNBC-TV18 newsbreak confirmed: General Atlantic Singapore Fund FII sells 5.1% stake in PNB Housing via block deals

According to the block deal data available on the BSE, here's the list of major buyers: Singapore Government: Acquired a 1.40% stake, amounting to 36.45 lakh shares, at ₹802.5 per share.

Posted on 22/08/2024

DBS launches $92m green loan facility for Envision Energy to develop wind turbine farm in China

First South-east Asian bank to tap the People’s Bank of China’s carbon emission reduction facility programme. Read more at straitstimes.com.

Posted on 22/08/2024

Government of Singapore, Aditya Birla Sun Life MF are among buyers of PNB Housing Finance shares

Of the total 32 buyers, the Government Of Singapore and Aditya Birla Sun Life Mutual Fund together bought a 2.1% stake for ₹443 crore.

Posted on 22/08/2024

Bulk deals: General Atlantic Singapore Fund FII exits PNB Housing Finance

Government of Singapore bought a 1.4 percent stake in PNB Housing Finance at an average price of Rs 802.5 per share on August 21, as per the bulk deals data on the exchanges showed. However, General ...

Posted on 22/08/2024

PNB Housing sees 5% equity change hands as General Atlantic Singapore likely exits

Around 1.39 crore shares, representing a 5 percent stake in PNB Housing Finance were sold in a block deal on August 21, with private equity investor General Atlantic Singapore Fund being the likely ...

Posted on 22/08/2024

Singaporean police work with bank to combat scam

SINGAPORE, Aug. 21 (Xinhua) -- Officers from Singapore's Anti-Scam Center blocked over 300 suspicious bank accounts from May to August, according to the latest statement from the police. The police ...

Posted on 22/08/2024

Over 1 in 4 Singaporean Gen Zs feel financially unprepared: UOB study

Baby boomers were found to be the most financially prepared when it came to having sufficient rainy-day savings ...

Posted on 21/08/2024

A financially independent investor explains the ‘barbell’ strategy that allows her to take big bets in a low-risk way

Sherry Jiang, 32, has built a seven-figure net worth. She shares the first investment she made and how her strategy has evolved.

Posted on 21/08/2024

Singapore to receive renewable energy from Australian solar power project worth S$17.6B via 4,300 km undersea cable

Australia approved an A$20 billion (approximately S$17.6 billion) solar project... The post Singapore to receive renewable energy from Australian solar power project worth S$17.6B via 4,300 km underse ...

Posted on 21/08/2024

Three indicted in money laundering case compromising Singapore’s AML status

Last week, two ex-bank managers were charged in a 2023 Singapore AML case that involved transferring $S3bn in illicit funds.

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