An influx of wealth and the rapid growth of fintech companies operating on a global level without a comprehensive regulatory framework has led to an increase in high-profile corruption, fraud and ...
OCBC’s Private Bank To Forge Ahead in China Despite Economic Slowdown
Amid an ongoing economic slowdown in China, Singapore-based private bank OCBC has declared its plans to expand its workforce in the country, a move that stands in stark contrast to the caution ...
Cautious Resilience: Singapore’s Central Bank Holds Steady Amid Economic Challenges
A Steady Hand Amid Economic Turbulence In the face of declining core inflation and a fragile economic growth trajectory, Singapore’s central bank, the Monetary Authority of Singapore (MAS), is ...
Commentary: Singapore banks’ latest anti-scam measures may be inconvenient, but would you rather lose your life savings?
In others, an enforced wait time slowed down their tasks. In some other cases, they had to uninstall certain apps for their mobile banking apps to work. The Association of Banks in Singapore (ABS) ...
Singapore is winning out over Hong Kong, ANZ bank CEO says
ANZ Group Holdings chief executive officer Shayne Elliott said his customers moved more of their business to Singapore from Hong Kong in the past few years as the smaller Asia-Pacific trading hub ...
Borsig IPO to alleviate KNM’s financial woes
The initial public offering (IPO) exercise of machinery and equipment unit Borsig GmbH on the Singapore Exchange (SGX) should uplift KNM Group Bhd by aiding its repayments to creditors, says Borsig ...
Singapore stocks close lower on Wednesday, STI down 0.2%
Regional bourses enjoyed a modest rally on Wednesday on the back of optimism over interest rates in the United States, but local shares went a smidgeon south amid an air of caution. Read more at ...
ABN Amro will no longer offer corporate banking as it surrenders licence here; clearing services unaffected
ABN Amro Bank has surrendered its licence in Singapore and will no longer provide corporate and institutional banking services. Read more at straitstimes.com.
OCBC and Venture Corp.: Reliable Dividend Picks on SGX
SGX-listed Oversea-Chinese Banking Corp. Ltd., or OCBC (SG:O39) and Venture Corp. Limited (SG:V03) are favoured by investors for their reliable ...
4 decades of savings drained in 15 min: Woman loses $72,500 despite ‘knowing about scams’
A 68-year-old woman lost more than $72,500 from her POSB bank account in 15 minutes after she downloaded a third-party app in a bid to sell her pre-loved kitchen appliances online. Read more at stomp.
Use hydroelectricity to attract foreign investment, not sell it to Singapore and Peninsular Malaysia, state DAP chairman tells Sarawak
Sarawak DAP chairman Chong Chieng Jen today urged the state government to focus on how to use the hydroelectricity to attract good investment instead of selling it to Singapore and Peninsular Malaysia ...
Singapore companies’ love affair with Nasdaq continues despite post-IPO heartaches
SINGAPORE-based companies continue to flock to the Nasdaq exchange in the United States, even though data shows it is tough for smaller players to win investors there. Read more at The Business Times.
Staying listed in the US could prove to be a rough ride for Singapore companies
RIDE-HAILING startup Ryde and personal-finance comparison platform MoneyHero Group are the latest in a string of Singapore-linked companies to seek a listing in the US markets. Read more at The ...
HSBC facilitates first SBF trade for an offshore investor in the CIBM
The trade means that HSBC is the first onshore bond settlement agent to enable foreign investors to complete such a transaction ...
Gone in 15 minutes: Woman loses $72.5k after downloading third-party app to sell used kitchen items
The scammers transferred about 90 per cent of her savings from her POSB account in two transactions. Read more at straitstimes.com.
Police working with Meta to remove WhatsApp lines believed to be used in scams
Police said they have also been working with Meta to remove suspicious online monikers and advertisements as part of the fight against scams.