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Category: FINANCE

Posted on 12/10/2023

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 ...

Posted on 11/10/2023

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 ...

Posted on 11/10/2023

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.

Posted on 11/10/2023

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 ...

Posted on 11/10/2023

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.

Posted on 11/10/2023

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 ...

Posted on 11/10/2023

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.

Posted on 11/10/2023

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 ...

Posted on 11/10/2023

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 ...

Posted on 10/10/2023

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.

Posted on 10/10/2023

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.

Posted on 10/10/2023

How the Tiny Island City-State of Singapore Fights Rising Sea Levels

What the tiny but wealthy island city-state of Singapore does will be keenly watched by other populous coastal cities such as Bangkok, Miami, New York, and Shanghai.

Posted on 10/10/2023

Singapore Banks Tighten Procedures After $2 Billion Money Laundering Scandal

The New Terrain for Banking in Singapore Banks such as OCBC, Citigroup, and UOB are now demanding additional documents to verify the sources of wealth of their clients. This has significantly ...

Posted on 10/10/2023

SGX Stocks: UOB Kay Hian Bullish on Mapletree Industrial and Keppel REIT

The brokerage firm UOB Kay Hian expressed its bullish views on the SGX-listed companies Mapletree Industrial Trust (SG:ME8U) and Keppel REIT ...

Posted on 10/10/2023

Woman in SG loses RM343,251 after downloading third-party app to sell pre-loved kitchen appliances

A 68-year-old woman lost over S$72,500 (RM343,251) 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.

Posted on 10/10/2023

Gone in 15 minutes: Woman loses over $72k after downloading app to sell pre-loved kitchen appliances

SINGAPORE – A 68-year-old woman lost over $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. What she had ...

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