SINGAPORE: Under the Singapore Green Bond Framework, S$700 million (US$511 million) has been allocated to finance Jurong Region Line (JRL) and the Cross Island Line (CRL) of the country's rail network ...
Singapore police investigating money laundering scheme uncover more gold bars, luxury watches
More assets such as gold bars and watches have been seized by the authorities in Singapore, where a group of foreign nationals are being investigated in a money laundering scheme.
Singapore cracks down money laundering case worth over 1.76 billion USD
Singaporean media on September 20 reported local police have seized or frozen more than 1.76 billion USD worth of assets in one of the biggest money laundering cases ever uncovered in the city-state.
Singapore investors driven more by returns for green investments, with focus on tech solutions
It found that 68 per cent of investors in Singapore said nature is now considered a part of their investment strategy. They were also most likely to expect increased returns and reduced nature risk in ...
Chinese Origin Clients With Foreign Passports Reportedly Under Scrutiny In Singapore After $1.8M Money Laundering Fiasco
In the aftermath of a substantial money laundering scandal involving S$2.4 billion ($1.8 billion) last month, banks based in Singapore have increased their vigilance towards clients of Chinese origin ...
Singapore banks tighten oversight on foreign clients post-money laundering scandal
In a bid to strengthen its financial integrity following a money laundering scandal, Singapore's banking sector has increased its oversight of clients of Chinese descent holding foreign citizenships.
Singapore transport fare to rise by up to 11 cents: 8 tips to save money on bus and MRT fares
Public transport fares in Singapore have gone up by seven per cent, and for obvious reasons, nobody is pleased. Each journey is going to cost 10 to 11 cents more from Dec 23, 2023. The local news ...
OCBC becomes direct clearing member of HKEX’S OTC Clear AND LCH SwapClear
The bank’s OTC Clear membership will give it access to clearing services for over-the-counter (OTC) derivatives in cross currency swaps and interest rate swaps (IRS) for HKD and CNH. Central clearing ...
More SE Asia firms consider U.S. IPOs, filling void left by China peers
Several Southeast Asian companies are considering listing in the United States, banking on strong investor appetite for emerging market growth in the absence of Chinese stock offerings.
SCB, SMBC act as lead arrangers, coordinators for €500m green loan
Standard Chartered Bank (Singapore) and Sumitomo Mitsui Banking Corporation (Singapore) served as lead arrangers and sustainability coordinators for the €500m syndicated green loan of Thailand’s Minor ...
Two national servicemen in SG emptied colleague’s bank account via online transfer after one of them took his phone
Two full-time national servicemen (NSFs) with the Singapore Civil Defence Force (SCDF) emptied their colleague’s bank account by making an online transfer of S$690 after one of them stole the victim’s ...
Transition finance is a key part of Standard Chartered’s future road map
THE business of transition finance is fraught with challenges, from a lack of clarity on taxonomies, regulations and incentives, to the high cost of decarbonisation in certain sectors. Read more at ...
Singapore financial firms shrink gender pay gap
SINGAPORE: The gender pay gap for women working in Singapore’s finance industry narrowed to 15.6% in 2022, almost half the 27.1% gap of a decade ago, the city-state’s Manpower Ministry said in a ...
Ola Electric eyes IPO filing by end-October in expedited listing plan
Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion in a recent fund raising ...
Singapore may split liabiilty for phishing losses between banks and victims
Won't someone please think of the banks? Singapore officials announced on Monday that next month they will deliver a consultation paper detailing a split liability scheme that will mean both consumers ...
Singapore money laundering case snowballs further to over S$2.4 billion in assets seized or frozen
SINGAPORE: A massive, transnational money laundering case that surfaced in Singapore has further swelled to now involve over S$2.4 billion (US$1.8 billion) in seized or frozen assets. This more than d ...