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Category: FINANCE

Posted on 07/09/2023

New security feature on OCBC banking app prevents loss of S$2 million

THE anti-malware security feature on the OCBC Digital app has prevented scammers from making away more than S$2 million since its launch on Aug 5. Read more at The Business Times.

Posted on 07/09/2023

OCBC’s Anti-Malware Feature Foiled All Scam Attempts Since August Launch

OCBC said its anti-malware security feature has prevented scammers from stealing more than S$2 million from more than 30 customers.

Posted on 07/09/2023

At least $2m in savings prevented from being stolen in malware attacks after OCBC app security update

No losses from malware scams reported by customers since updated version of OCBC banking app. Read more at straitstimes.com.

Posted on 07/09/2023

Australian Billionaire Cannon-Brookes Says $13 Billion Singapore Solar Project Is Viable

SYDNEY (Reuters) - Australian billionaire Mike Cannon-Brookes on Thursday stood by the economics of a plan to ship energy from a giant solar farm in the country's north to Singapore via undersea cable ...

Posted on 07/09/2023

Continued Consolidation Predicted For Singapore Stock Market

The Singapore stock market has moved lower in consecutive trading days, slumping more than 15 points or 0.5 percent along the way.

Posted on 07/09/2023

IPO-Bound Ola Electric Bags $140 Mn At $5.4 Bn Valuation From Temasek, Others

Ola Electric has signed an agreement to raise $140 in a funding round led by Temasek with participation from other existing investors.

Posted on 07/09/2023

$1.8b money laundering case: Company set up so wife of accused could get work pass

The company owned by the wife of one of the accused in the $1.8 billion money laundering case was set up so that she could get an employment pass (EP) here. This was revealed by Mr Seah Li Hao, a ...

Posted on 07/09/2023

2 men in billion-dollar money laundering case denied bail after judge deems them ‘high flight risk’

SINGAPORE: Two men involved in a massive S$1.8 billion money laundering case in Singapore were denied bail on Wednesday (Sep 6) after a judge found them flight risks.

Posted on 07/09/2023

Billionaire Wee Cho Yaw’s United Overseas Bank Doubles Down On Retail Expansion And Digital Play

Buoyed by the acquisition of Citibank’s retail franchises in the region, UOB is building a new tech hub in Singapore.

Posted on 07/09/2023

Digitalisation not a disruption for banks; leverage workforce longevity: UOB executives

SOUTH-EAST Asia is an important regional production hub that is benefitting from global supply-chain shifts, with UOB in a strong position to contribute to its economic development and sustainable ...

Posted on 07/09/2023

Company set up so wife of accused in $1.8b money laundering case can get employment pass: CAD

This was revealed in an affidavit to support the prosecution’s application that no bail be granted to her husband, Wang Baosen. Read more at straitstimes.com.

Posted on 07/09/2023

Singapore Seizes Alleged Launderer’s Millions in Swiss Banks

Singapore police seized S$125 million ($92 million) from a suspected money launderer’s accounts with Bank Julius Baer and Credit Suisse Group AG’s local unit as a billion-dollar scandal continues to ...

Posted on 06/09/2023

Global Investor Programme: We Simplify Singapore’s Golden Visa

It is probably for this reason that the country introduced the Singapore Global Investor Programme (GIP) in 2004, a perfect platform for a non-Singaporean individual to make the city-state their home.

Posted on 06/09/2023

Jupiter Life Line Hospitals IPO: Check day 1 subscription details, latest GMP

J upiter Life Line Hospitals Ltd witnessed strong demand on the first day of its initial public offering. The subscription period began on September 6, 2023, and will conclude on September 8, 2023.

Posted on 06/09/2023

Singapore tax collection up 13.1% to S$68.6 billion in FY22/23, reflects post-Covid recovery

SINGAPORE’S tax revenue for financial year FY 2022/2023 rose 13.1 per cent to S$68.6 billion compared to the year before, reflecting the economic recovery following the end of the Covid-19 pandemic, ...

Posted on 06/09/2023

Company set up for wife of accused in $1.8b money laundering case to get employment pass: CAD officer

SINGAPORE - The company owned by the wife of one of the accused in the $1.8 billion money laundering case was set up for her to get an employment pass (EP) here. Read more at straitstimes.com.

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