Singapore's longest-serving central banker Ravi Menon has been reappointed in his role for another two years, the Monetary Authority of Singapore (MAS) said on Friday. Menon's term as managing ...
HSBC’s Focus in the Asia Region Aids, Rising Expenses Ail
HSBC is poised for growth driven by a focus on Asia, global restructuring initiatives and a solid capital position. However, macroeconomic uncertainties and rising costs pose headwinds.
Billionaire Wee Cho Yaw’s UOB To Tap Southeast Asia’s Growth With Expanded Regional Franchise
United Overseas Bank is stepping up competition across Southeast Asia as the Singapore lender taps its expanded retail banking customer base following the acquisition of Citigroup’s credit card ...
MAS lifts DBS capital requirement following wave of outages
The Monetary Authority of Singapore (MAS) has imposed additional capital requirements on DBS, following widespread outages in March and a subsequent disruption to its digital banking and ATM services ...
About 2.5 million Singaporeans to receive up to S$400 under Cost-of-Living special payment in June
About 2.5 million adult Singaporeans will receive up to S$400 (RM1,345) in cash under this year’s Cost-of-Living Special Payment, with more support given ...
Singapore expands green finance plan
The Monetary Authority of Singapore (MAS) has announced that to decarbonise the economy, Singapore will expand its focus, which is now solely on green finance, to the one that also includes transition ...
Finance vs computer science: Singaporeans debate on best-paying industry in Singapore
“Which industry has the highest pay in Singapore?” many commenters were eager to weigh in, with a large majority saying that it’s a toss-up between finance and computer science. u/Maleficent ...
About 2.5 million Singaporeans to receive cost-of-living relief payments in June
About 2.5 million Singaporeans will receive a special payment in June that provides relief to the cost of living for Singaporean households, as part of efforts to help them cope with inflation and ...
2.5 million Singaporeans to receive up to S$400 under Cost-of-Living special payment in June
SINGAPORE — About 2.5 million adult Singaporeans will receive up to S$400 in cash under this year's Cost-of-Living Special Payment, with more support given to lower-to middle-income groups, said the ...
Singapore data center operator STT GDC reportedly mulling US IPO
Singapore's STT Telemedia Global Data Centres, or STT GDC, is reportedly looking to raise up to $1B through a funding round ahead of a possible US initial public offering.
4 Singapore REITs That Reported Year-on-Year DPU Increases
We feature four Singapore REITs that managed to pull off a DPU increase despite facing headwinds. The post 4 Singapore REITs That Reported Year-on-Year DPU Increases appeared first on The Smart ...
OCBC phishing scam: Only 9 out of 120 money mules charged
Only nine out of more than 120 suspected money mules were charged in the OCBC phishing scam that occurred between December 2021 and January 2022 due to the limitations of current laws. This was revealed in parliament on Tuesday (9 May) by Minister for Communications and Information and Second Minister for Home Affairs Josephine Teo ...
Singapore banks post record profit but mega-rich reluctant to invest
Singapore, known for its stability and low taxes, has been a haven for the ultra-wealthy during rising global geopolitical and financial uncertainty. Individuals from mainland China and Hong Kong and ...
Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec
Singapore state-owned DBS Bank posted an 80% increase in Bitcoin trading volumes in the aftermath of crypto exchanges’ collapses in 2022, DBS Digital Exchange CEO said.
Inflation top concern for Singapore investors
Inflation and the increase in the cost of goods and services (86%) remain the biggest financial concern in 2023 across all ages for Singapore respondents surveyed and analyzed in the 2023 Wealth ...
Singapore plans digital platform to help banks fight crime
The Monetary Authority of Singapore (MAS) has proposed a digital platform to make it easier for financial institutions to detect and deter criminal activity.