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Category: FINANCE

Posted on 09/05/2023

Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC, and More

Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period ... ICBC (3.65% p.a.—$500 for 3 months) Citibank (4.00% p.a.—$250,000 for 3 months) HSBC (3.75% p.a.—$30,000 for ...

Posted on 09/05/2023

1 in 5 of OCBC’s home, renovation, and car loans now green

The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023. Singapore has long set its sights on making the crown the world’s greenest city; and its ...

Posted on 09/05/2023

Olam Agri’s Singapore-Saudi $1 billion dual listing may launch as early as June – sources

Agri-food giant Olam Group aims to launch in June the dual initial public offering (IPO) of its agricultural unit that could raise up to $1 billion in Singapore and Saudi Arabia, two sources with ...

Posted on 09/05/2023

Condom Maker Surges 23% in Mumbai Debut After a $529 Million IPO

Mankind Pharma Ltd. rallied 32% on its first day of trading in Mumbai after raising 43.3 billion rupees ($529 million) in one of India’s largest initial public offerings of the year.

Posted on 09/05/2023

MAS details information-sharing platform among banks to combat financial crime

A bill proposing amendments to the Financial Services and Markets Act was read for a second time in Parliament on May 9.

Posted on 09/05/2023

Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC & More

Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period. Minimum deposits start as low as just $500 for an interest rate of 3.65% p.a.! ICBC (3.65% p.a.—$500 for 3 ...

Posted on 09/05/2023

MAS to build new information-sharing platform for banks in Singapore to combat financial crimes

Parliament passed a Bill paving the way for the launch of a digital platform for financial institutions in Singapore to share information on suspicious customers or transactions.

Posted on 09/05/2023

Singapore to allow banks share client data to fight crime

Singapore banks will be able to share information on potentially risky clients next year, a move aimed at curbing illicit flows amid the city-state’s rise as a key financial and wealth hub.

Posted on 09/05/2023

Singapore’s DBS considers plans to expand presence in Dubai

Singapore’s DBS Bank, one of the biggest lenders in Asia, plans to boost its presence in Dubai and use the emirate as a hub to better access other markets and source business in the broader Middle ...

Posted on 09/05/2023

Blackstone’s Nexus Select Trust IPO:Non Institutional Investors show interest so far; check details

The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share.

Posted on 09/05/2023

Standard Chartered expands its partnership with Tazapay

IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ...

Posted on 09/05/2023

Virtual Banking: Singapore’s OCBC Digital Silvers Program to Equip Elderly with Modern Financial Skills

OCBC Bank will be ramping up its Digital Silvers program with the aim of upskilling 2,000 elderly customers from now until the end of the year.

Posted on 09/05/2023

Wealth Summit Latest: HSBC Expanding Business in Asia, London

The Bloomberg Wealth Asia summit returns to Hong Kong after a three-year break, bringing together the region’s leading investors, economists and money managers.Most Read from BloombergPowell’s Bet ...

Posted on 09/05/2023

Singapore Wealth Fund Sees More Growth in Fintech After Downturn

Singapore’s sovereign wealth fund said it still sees more growth in the financial technology sector, even after a downturn that’s sent startup valuations plummeting as investors turn away from riskier ...

Posted on 09/05/2023

Nexus Select Trust raises Rs 1,440 cr from anchor investors; to hit market with Rs 3,200 cr REIT IPO on May 9

As per the regulatory filing on Monday, Nexus Select Trust has raised Rs 1,440 crore from anchor investors, which included many mutual fund and insurance companies.

Posted on 08/05/2023

Najib’s trial: Ex-banker says 1MDB’s US$2.3b ‘investment’ had zero economic benefits, only to prevent fraud detection

Swampillai agreed that this US$2.318 billion purported investment had absolutely “no benefit” to 1MDB, and agreed with the benefit of hindsight that it was to carry out further fraud by evading ...

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