Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the cryptocurrency market and protect investors from potential losses.
Stock market booked net institutional outflows of $2.66b in H1
The net institutional outflows were led by Financial Services and REITs. The Singapore stock market also booked net retail inflows of $1.48b in the first half (H1) of 2023, with market makers and ...
OCBC unveils unified brand across core markets, plans to expand teams in the region
The bank will double the number of relationship managers serving high-net-worth customers in the Premier Banking and Premier Private Client segment in Greater China by 2025.
Taylor Swift’s Singapore Gig Frenzy Propels UOB Card Signups
Taylor Swift fans across Asia have flocked to sign up for United Overseas Bank Ltd.’s cards as the frenzy to get hold of the pop star’s Singapore concert tickets heats up.
GIC-Backed $2 Billion Fintech Nium Targets 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 banks can’t afford to miss out on coal phase-out despite immense challenges
THE hot topic in South-east Asian sustainable finance these days is the early retirement of viable coal power plants, known in industry shorthand as coal phase-out. Read more at The Business Times.
Singapore’s OCBC Bank eyes expansion in China, Southeast Asia to tap growing demand for wealth management
Singaporean banking giant OCBC Group plans to expand in China and Southeast Asia in a bid to capture the strengthening trade relationships and growing demand for wealth management in the area, its boss said on Monday.
Singapore star banker creates succession dilemma for DBS
Piyush Gupta has led one of Singapore’s most iconic institutions, the bank that helped turn the South-East Asian city-state into one of the richest countries in the world.
Should you invest or insure first? Expert sheds light on common financial planning dilemma
Before seeking returns, build a strong financial foundation with insurance to protect yourself against life’s uncertainties. Read more at straitstimes.com.
Singapore’s star banker Piyush Gupta creates a succession dilemma for DBS
DBS Group Holdings Ltd., led by CEO Piyush Gupta for over 13 years, faces the challenge of finding a successor who can maintain the bank's success and emulate Gupta's leadership. The bank's recent ...
Singapore’s Crypto Firms Have to Keep Customer Funds in a Statutory Trust: MAS
Singapore’s top financial regulator issued a notice on 3rd July ordering crypto service providers in the region to transfer all user funds to a statutory trust before the end of the year. The decision ...
Payments start-up Nium opens headquarters in S’pore, eyes IPO in 2 years
The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.
Payments start-up Nium unveils new headquarters in S’pore, eyes IPO in 2 years
The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.
Standard Chartered Bank’s head of corporate affairs, brand and marketing for SG steps down
Sharon Lee, Standard Chartered Bank's head of corporate affairs, brand and marketing for Singapore, has stepped down from her position after just over two years in the role and a total of 12 years ...
StanChart Singapore launches mass-affluent miles card
Rewards points accumulated with the card do not expire. Standard Chartered Bank Singapore has unveiled the Journey Credit Card, the bank’s first mass-affluent miles card. Aimed to address both the ...
SGX: Do Analysts See High Gains or Big Pain in UOB Shares?
The movement in shares of SGX-listed United Overseas Bank (SG:U11) has been muted since its first-quarter update in late April. Despite a ...