DBS charged ahead of its peers, jumping S$0.75 or 2 per cent to S$38.15, slightly lower than its 52-week high of S$38.17. UOB climbed S$0.23 or 0.7 per cent to S$33.10, while OCBC hit an all-time high ...
Money laundering in Singapore up by almost 80% in 2023—Moody’s
SINGAPORE: Financial intelligence and analytics tool provider Moody’s said recently that money laundering events in... The post Money laundering in Singapore up by almost 80% in 2023—Moody’s appeared ...
Singapore stocks continued their upward trend on Wednesday—STI gained 0.3%
SINGAPORE: Singapore stocks continued their upward trend on Wednesday, July 10, following the previous day’s rally. The Straits Times Index (STI) gained 8.65 points, or 0.3%, reaching 3,434.74 at 9:01 ...
Singapore stock benchmark heads for six-year high since June 2018 on earnings hopes
Singapore stocks are are set for a six-year high as investor optimism grows ahead of earnings season. The Straits Times Index is up 0.6% for the highest close since June 2018.
Singapore’s Temasek will back big polluters to curb emissions
Singapore’s Temasek Holdings Pte. will continue to invest in major polluters even as it seeks to slash portfolio emissions, aiming to push sectors like aviation to decarbonize faster.
Encouraging shareholder activism may help Singapore’s stock market
REVIEWS of shareholder activism are mixed, but in a market such as Singapore, more of such activity could be worth encouraging. Read more at The Business Times.
Singapore’s revamped anti-money laundering measures frustrate wealthy Chinese enough to leave for Hong Kong
SINGAPORE: Hong Kong is drawing high-net-worth individuals (HNWIs) from mainland China, a significant reversal from... The post Singapore’s revamped anti-money laundering measures frustrate wealthy Ch ...
Shanghai, Singapore deepen finance, digital economy cooperation
The 5th meeting of the Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) was held in Shanghai on Tuesday, aiming to deepen cooperation between Singapore and Shanghai in various fields ...
While Singapore scrutinises, Hong Kong wins back wealthy Chinese
It's a shift from the pandemic years when Hong Kong's strict quarantine and political upheaval led many to flock to Singapore Hong Kong is winning back wealthy Chinese by rolling out the red carpet ...
Banks in Singapore to phase out login OTPs for digital token users
Major banks in Singapore will phase out the use of one-time passwords (OTPs) for bank account logins by customers who are digital token users.
HSBC fined S$4.15M for offering incentives to unregistered intermediaries in MPF scheme
The MPFA highlighted that HSBC's actions “did not comply” with the Mandatory Provident Fund Schemes Ordinance's conduct requirements ...
P1-B moved from foreign banks to poll exec’s offshore accounts – Marcoleta
At least P1 billion worth of funds were transferred from different banks, including those based in South Korea, to 49 offshore accounts supposedly linked to a ...
DBS CEO says Trump will be open to cutting deals, which could suit China
SINGAPORE: DBS CEO Piyush Gupta said on Tuesday (Jul 9) that US presidential candidate Donald Trump, if he wins, would be open to cutting deals, which could suit China. Gupta, who made the comments in ...
With The Stock Down 14% Year, Will Strong Singapore Business Drive LVS Stock Higher Post Q2?
Las Vegas Sands is expected to publish its Q2 2024 results around mid-July. We expect revenues to come in around $2.85 billion, about 11% higher than last year and..
Singapore stocks rally in tandem with most regional markets; STI closes 0.6% higher
SINGAPORE - The Straits Times Index (STI), cued by record-high closings on Wall Street overnight, rose 21.62 points or 0.6 per cent to 3,426.09 on July 9. The S&P 500 and Nasdaq closed 0.1 per cent ...
DBS CEO says bank hunting for bolt-on deals, not game-changing ones
DBS Group is looking for bolt-on acquisitions that would support its geographic and business strategy but has ruled out making a major buy to save itself from distraction, Piyush Gupta, CEO of the ...