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Category: FINANCE

Posted on 02/08/2023

Are We In A Schrödinger’s Recession? Understanding The Dual Reality of Recovery and Recession In Singapore

Nobody is certain if we are truly in a recession yet even though we have been bracing for it. When you look at the intricacies of market trends, consumer behaviour, and government policies, some signs ...

Posted on 02/08/2023

OCBC customers can use bank’s app to pay merchants in 47 markets including China

SINGAPORE - OCBC customers will be able to use the bank’s digital app from Friday to make retail payments to UnionPay QR-enabled merchants in 47 markets from their OCBC Singapore bank accounts. They ...

Posted on 02/08/2023

CapitaLand India Trust’s projected three-year DPU CAGR of 7% has DBS analysts reiterating ‘buy’ call

DBS Group Research analysts Derek Tan and Dale Lai are reiterating their “buy” call on CapitaLand India Trust (CLINT), with an unchanged target price of $1.45, citing the REIT’s “robust growth ...

Posted on 02/08/2023

Average Singapore consumer needs to save at least $1,733 per month over 27 years to feel financially free: survey

To feel financially free, the average consumer in Singapore would have to save at least $1,733 per month over approximately 27 years to accumulate a median savings of $566,640, according to a survey ...

Posted on 02/08/2023

Singapore: MAS to Strengthen Defense Against Money Laundering Risks in Single Family Offices

MAS recently launched a public consultation on a revised framework to strengthen surveillance and defense against money laundering.

Posted on 02/08/2023

HSBC Is as Good as It Gets — For European Investors Anyway

a bank with a similar business model to HSBC, is set to make just 11.2%. JPMorgan Chase & Co., which benefits from a hugely profitable US retail business, is expected to make 21% and DBS Group of ...

Posted on 02/08/2023

Singapore’s GIC boosts infrastructure investment in India, Vietnam

SINGAPORE -- Singaporean sovereign wealth fund GIC is focusing on infrastructure investments and moving money from China to India and Southeast Asia, looking for more stable returns than those ...

Posted on 02/08/2023

Wirecard’s auditor EY was too gullible, Singapore suspect claims

A key suspect in the Wirecard fraud stated that the firm’s auditor EY was too gullible as it accepted fabricated letters confirming millions of euros in cash without any further checks, a court in ...

Posted on 01/08/2023

Singapore fintech funding at 3-year low, but experts say recovery near

SINGAPORE fintech funding sank to a three-year low in the first half of 2023 as rising interest rates and economic headwinds continued to dent investor sentiment, but experts believe a recovery is on ...

Posted on 01/08/2023

FUTUREGRAIL’S INAUGURAL ONLINE AUCTION OF COLLECTIBLE TIMEPIECES IN SINGAPORE

Singapore-based premier investment advisory firm for high-end watches, FutureGrail, is pleased to announce its inaugural online auction of collectible timepieces, going live on 8th September and ...

Posted on 01/08/2023

Ways to Start Investing For Your Children to Give Them a Financial Head-Start

How to start investing for my children?” If that is a nagging question in your mind, read on because this article will discuss the financial goals you should set for your little ones and how you can ...

Posted on 01/08/2023

Concord Biotech IPO to open on August 4. Here are 10 things to know about the offer

The initial public offering (IPO) of Concord Biotech will open for subscription on August 4. The issue closes on August 8. The company's shares are expected to get listed on both the exchanges. Here ...

Posted on 01/08/2023

Global and Singapore fintech funding reduced, alongside dip in late stage funding, given rising interest rates and economic headwinds

Within the crypto space globally, Singapore has gained prominence among investors and startups as a strong forerunner. This comes as the nation has in place regulations such as the Payment Services ...

Posted on 01/08/2023

Insurance veteran to run for Singapore’s presidential seat

He became CEO of Income Insurance (formerly NTUC Income) up until 2007. Finance and insurance veteran, Tan Kin Lian, announced in a social media post his application for a certificate of eligibility ...

Posted on 01/08/2023

OCBC customers can use banking app to pay via UnionPay QR code in Thailand, M’sia, China & other markets from Aug. 4

OCBC customers will be able to use their OCBC Digital app to easily pay UnionPay QR-enabled merchants in 47 markets, including Singapore, starting Aug. 4, 2023.

Posted on 01/08/2023

OCBC launches UnionPay QR feature for cross-border payments

OCBC Digital banking app users will be able to make cross-border retail payments in 47 markets, using a new UnionPay QR feature that is slated to launch on Aug 4. Read more at The Business Times.

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