Grab’s GXS Bank neared the regulatory cap “within months” of launching its savings account. Read more at straitstimes.com.
Ahead of 1HFY2023 results, OCBC is UOBKH’s top pick among local banks
UOB is set to announce its 1HFY2023 results on July 27, while DBS will do the same on Aug 3 and OCBC on Aug 4.
UOB’s 2QFY2023 earnings to be “sequentially softer” as NIMs start slipping: CGS-CIMB
Analysts Andrea Choong and Lim Siew Khee have reiterated their “add” call, with an unchanged target price of $33.30.
7 Life Science IPOs in 2023
A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
Grab, Sea Push Singapore to Lift Digital Banks’ Deposit Cap
Singapore’s new digital banks backed by Grab Holdings Ltd. and Sea Ltd. are pushing the country’s central bank to lift a cap on deposits that they see as hamstringing their growth.
Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme
Trafigura issued a worldwide freezing order on Gupta in February and alleged it was victim of a “systematic fraud” perpetrated by Gupta that led to the discovery of more than 1,000 containers holding ...
Saudi wealth fund PIF joins Temasek of Singapore in reporting steep 2022 investment losses amid slump in US, China markets
Two of the world’s biggest wealth funds reported steep investment losses in 2022 as markets slumped. More than US$8.8 trillion of value evaporated from benchmark index stocks in the US and Hong Kong.
Singapore’s Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties
Temasek Holdings faced its worst returns in seven years and had written down a $275 million stake in the now-bankrupt crypto exchange FTX, to zero last year.
Sources: Malaysian art studio Lemon Sky behind ‘The Last of Us’, Spider-Man games plans IPO in Singapore
Lemon Sky Studios, the Malaysian art and animation company involved in videogames such as Square Enix’s Final Fantasy XVI and Marvel’s Spider-Man ...
Boy, 16, among six accused of money laundering-related offences linked to scams
A 16-year-old boy was among six people charged in court on Wednesday (July 12) after they allegedly took part in activities linked to money laundering involving banking-related phishing scams that ...
6 Life Science IPOs in 2023
A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
5 people charged for relinquishing Singpass, bank accounts to scam syndicates
Some are suspected to have sold their Singpass credentials. Police said these were used in scams affecting victims' bank and CPF accounts. What happened?
DBS Sticks to Their Buy Rating for First Resources (Singapore) (FTROF)
In a report released yesterday, William Simadiputra from DBS maintained a Buy rating on First Resources (Singapore) (FTROF – Research ...
Boy, 16, among 6 people accused of money laundering-related offences linked to scams
The six included four men and one woman allegedly linked to banking-related phishing scam cases involving malware. Read more at straitstimes.com.
Singapore bank to close five accounts held by Myanmar’s MAI
Singaporean multinational banking entity, the United Overseas Bank (UOB), is closing five bank accounts held by MAI - Myanmar Airways International (8M, Yangon), according to a leaked June 25 letter ...
Lion City Sailors to replace AS Roma & face Tottenham Hotspur at National Stadium on Jul. 26
AS Roma won't be in Singapore. Singapore Premier League club Lion City Sailors (LCS) will face English club Tottenham Hotspur in the Tiger Cup on Jul. 26 at the National Stadium. LCS replaced Italian ...