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Category: FINANCE

Posted on 06/07/2023

MAS posts record net loss of S$30.8 billion amid rise in Singapore dollar, higher interest expenses

MAS says it made a “small” investment gain on the country’s official foreign reserves but this was outweighed by a rising Sing dollar and higher interest expenses.

Posted on 06/07/2023

(June 2023 Results) How i would invest in the singapore stock market if i had 100k of spare money

The rest of the stock had relatively lesser movements in terms of %. On the results / business updates front, there is nothing much to report as there is no results release in June. YTD, the STI ...

Posted on 06/07/2023

HSBC Re-Enters India Private Banking Markets After 8 Years

HSBC Holdings plc HSBC has re-launched its Global Private Banking (“GPB”) business in India. The lender was exploring options of re-entering the India markets for a year, as the country has been ...

Posted on 06/07/2023

17 firms penalised in last five years for breaking laws on money laundering and terrorism financing

Of the 17 firms taken to task by MAS, one had its licence revoked, 14 were fined and two were issued reprimands. Read more at straitstimes.com.

Posted on 06/07/2023

Amazon Prime Day Returns on 11 and 12 July with Thousands of Real Deals and Exclusive Launches in Singapore

Only on Amazon.sg, shoppers will have exclusive access to Hasbro’s new extensive lineup of products across its key brands such as NERF, Play-Doh, Monopoly, and Transformers.

Posted on 06/07/2023

GSTV 2023 payouts: Eligible Singaporeans to receive up to S$700 in August

Around 1.5mn Singaporeans will receive up to a total of S$700 in cash in August 2023 from the enhanced GSTV – Cash scheme. With this, eligible Singaporeans will get up to S$300 more from the GSTV – ...

Posted on 05/07/2023

UOB pre-sale tickets for Taylor Swift sell out within 3 hours; over 1 million queue numbers issued

Fans who received an access code from Ticketmaster can still buy tickets during the general sale on Friday at noon. Read more at straitstimes.com.

Posted on 05/07/2023

DBS digital banking disruption in May due to ‘human error’, preliminary probe finds

File photo of people queuing inside the DBS bank branch in Singapore on Apr 2, 2012. (Photo: AFP/Roslan Rahman) SINGAPORE: The disruption to DBS' digital banking services on May 5, 2023 was caused by ...

Posted on 05/07/2023

Singapore Bank DBS launches innovative e-CNY payment solution for customers

DBS, the renowned Singaporean bank, announced today a groundbreaking development that allows its customers to accept payments in e-CNY, the digital currency issued by the Chinese central bank. In a ...

Posted on 05/07/2023

Singapore’s DBS launches e-CNY solution for China

Singapore-based DBS bank has introduced a “merchant collection solution” using e-CNY – China’s central bank digital currency – to allow corporate clients of DBS China to collect payments from their ...

Posted on 05/07/2023

Singapore DBS Bank Launches e-CNY Settlement Platform

Singapore's DBS Bank launches an e-CNY collection platform for business clients, boosting its digital currency adoption and supporting automated settlements.

Posted on 05/07/2023

Billionaire Wee Cho Yaw’s UOL To Sell Singapore Hotel For $389 Million To Tycoon Choo Chong Ngen

Pan Pacific Hotels Group is selling one of its hotels in Singapore to Midtown Properties, a company owned by tycoon Choo Chong Ngen, founder of the Hotel 81 budget hotel chain, for S$525 million ($389 million).

Posted on 05/07/2023

Singapore Bank DBS Starts e-CNY Collection Platform

The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.

Posted on 05/07/2023

Singapore bank DBS allows e-CNY settlements

According to a Wednesday announcement, clients of the Singaporean bank DBS can now receive payments in e-CNY, the digital currency issued by the Chinese central bank.

Posted on 05/07/2023

Singapore’s fight against inflation still on amid uncertain growth outlook -central bank

Singapore’s fight against inflation still on amid uncertain growth outlook -central bank By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for ...

Posted on 05/07/2023

Over 1 million queue numbers issued for Taylor Swift tickets within 10 minutes of UOB pre-sale

Some customers who managed to get to the payment page after selecting their tickets were unable to log in. Read more at straitstimes.com.

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