Singapore-based investment firm Foresight Ventures has acquired an 80% stake in crypto news publication The Block for $60 million, according to a person familiar with the matter. Foresight Ventures ...
Three indicators to identify stress in the banking system, and what they show now
THE banking sector has been grappling with slowing loan growth, rising interest rates and greater macroeconomic uncertainty. Read more at The Business Times.
Genting Singapore’s net profit jumps 59% YoY to $216.3m in 3Q23
Genting Singapore recorded a net profit of $216.3m in 3Q23, a 59% jump from 3Q22. In the same period, the company saw a 33% YoY growth in its revenue to reach $689.9m. Meanwhile, the company announced ...
‘The investment we make will pay off’: 3 Singaporean leaders explain why they’re prioritising mental health
THE way we work was fundamentally changed by the Covid-19 pandemic; for many, that process was stressful and difficult to navigate. The Business Times (BT) spoke to three corporate leaders in ...
BT Mark to Market: How to fix Singapore’s stock market (Ep 37)
Find out more about subscription packages here. The Singapore market’s poor performance and lack of exciting new listings are multifaceted problems that require simultaneous action on different fronts ...
Market gyrates between fear and hope
Fed chair Jerome Powell said last week the US central bank won’t hesitate to tighten more if needed. Read more at straitstimes.com.
Reliance on finance influencers growing amongst Singaporeans: report
In parallel, "scam victims" became a prominent keyword in finance and cybersecurity conversations on social media, rising by 79% to 21,900 mentions. "Social media serves as a vital platform, providing ...
Bank staff stop woman who tried to transfer over $50,000 to ‘husband’ overseas
SINGAPORE - Insisting her husband who lived abroad needed money, a woman in her 70s tried to transfer more than $50,000 at UOB's Tampines branch in September. But when bank staff asked her for the ...
Bank staff stops woman who tried to transfer over $50,000 to ‘husband’ overseas
SINGAPORE - Insisting her husband who lived abroad needed money, a woman in her 70s tried to transfer more than $50,000 at UOB's Tampines branch in September. But when bank staff asked her for the ...
Me & My Money: Invest a little, often and early, says finance exec
Finance executive David Fergusson believes the strategy can help almost anyone improve their lot. Read more at straitstimes.com.
Singapore: Fintech Startup BondbloX Raises $6 Million in Series B Funding
BonEvalue Pte Ltd (BondbloX), a Singapore-based fintech startup that provides easy access to bonds for investors, has secured $6 million in a Series B round.
Love scam: UOB staff prevents 70-year-old woman from sending S$50K to overseas “husband”
SINGAPORE: Staff at UOB’s Tampines branch prevented a woman in her 70s from sending S$50,000... The post Love scam: UOB staff prevents 70-year-old woman from sending S$50K to overseas “husband” appear ...
Will Hong Kong’s investment scheme woo the super-rich? Analysts say revamped strategy ‘more attractive, simpler’ than Singapore’s
Those who invest HK$30 million or more in specific assets can apply for residence after seven years Singapore scheme is more complex, involves risky investments with higher threshold and other ...
OCBC Q3 profit up 21% to $1.81 billion; CEO flags growing macroeconomic uncertainty
The bank said its exposure to Singapore’s $2.8 billion money laundering case is insignificant. Read more at straitstimes.com.
Woman wanted to transfer over $50k to overseas ‘husband’ she might not have met before: UOB
Bank staff are sometimes verbally abused when trying to protect customers from scams. Read more at straitstimes.com.
UOB staff prevents 80-year-old woman from being scammed $40K by her “grandson”
SINGAPORE: In a commendable display of vigilance and quick thinking, two women working at the... The post UOB staff prevents 80-year-old woman from being scammed $40K by her “grandson” appeared first ...