DBS Bank's 6.5-hour disruption to digital banking and ATM services on 5 May was caused by human error in coding the maintenance program, according to Senior Minister Tharman Shanmugaratnam. The ...
‘Human error’ reason for DBS digital banking glitch in May
The incident caused disturbances in mobile, electronic and ATM transactions. DBS Bank has named "human error" in coding as the cause of tech disruptions in May. This error resulted in a notable ...
IPO activity strong in Southeast Asia, Singapore sees slowdown: Deloitte
Investors are increasingly paying attention to the Southeast Asian region. With growth potential and a positive outlook, there continues to be an influx of foreign direct investment into the region.
Singapore’s US$2 billion fintech Nium eyes US IPO in two years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore’s MAS posts $23 billion net loss
The Monetary Authority of Singapore's loss for the year ended March 31 marks the central bank's second consecutive year of net losses.
Singapore’s fight against inflation still on amid uncertain growth outlook -c.bank
Singapore's central bank warned on Wednesday of weak near-term growth for one of Asia's top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 ...
MAS to adjust tax incentives to encourage single family offices to invest ‘more purposefully’ in Singapore
The changes include recognising a broader range of investments in Singapore as well as overseas climate-related investments.
MAS posts record net loss of S$30.8 billion amid rise in Singapore dollar, higher interest expenses
MAS says it made a “small” investment gain on the country’s official foreign reserves but this was outweighed by a rising Sing dollar and higher interest expenses.
(June 2023 Results) How i would invest in the singapore stock market if i had 100k of spare money
The rest of the stock had relatively lesser movements in terms of %. On the results / business updates front, there is nothing much to report as there is no results release in June. YTD, the STI ...
HSBC Re-Enters India Private Banking Markets After 8 Years
HSBC Holdings plc HSBC has re-launched its Global Private Banking (“GPB”) business in India. The lender was exploring options of re-entering the India markets for a year, as the country has been ...
17 firms penalised in last five years for breaking laws on money laundering and terrorism financing
Of the 17 firms taken to task by MAS, one had its licence revoked, 14 were fined and two were issued reprimands. Read more at straitstimes.com.
Amazon Prime Day Returns on 11 and 12 July with Thousands of Real Deals and Exclusive Launches in Singapore
Only on Amazon.sg, shoppers will have exclusive access to Hasbro’s new extensive lineup of products across its key brands such as NERF, Play-Doh, Monopoly, and Transformers.
GSTV 2023 payouts: Eligible Singaporeans to receive up to S$700 in August
Around 1.5mn Singaporeans will receive up to a total of S$700 in cash in August 2023 from the enhanced GSTV – Cash scheme. With this, eligible Singaporeans will get up to S$300 more from the GSTV – ...
UOB pre-sale tickets for Taylor Swift sell out within 3 hours; over 1 million queue numbers issued
Fans who received an access code from Ticketmaster can still buy tickets during the general sale on Friday at noon. Read more at straitstimes.com.
DBS digital banking disruption in May due to ‘human error’, preliminary probe finds
File photo of people queuing inside the DBS bank branch in Singapore on Apr 2, 2012. (Photo: AFP/Roslan Rahman) SINGAPORE: The disruption to DBS' digital banking services on May 5, 2023 was caused by ...
Singapore Bank DBS launches innovative e-CNY payment solution for customers
DBS, the renowned Singaporean bank, announced today a groundbreaking development that allows its customers to accept payments in e-CNY, the digital currency issued by the Chinese central bank. In a ...