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Heart of the Matter – S3E32: Can a bank go bust in Singapore?
It started with the collapse of Silicon Valley Bank in the US and was followed swiftly by the emergency rescue of beleagued Credit Suisse by UBS. How does a bank go bust? What drives panic and fear ... ( read original story ...)
Jamus Lim doesn’t believe recent bank failures are symptomatic of bigger banking crisis but warns of vulnerabilities in Asian economies
SINGAPORE: Workers’ Party Member of Parliament Jamus Lim wrote in a Facebook post on Mar 23 (Thursday) that in spite of the recent collapse of Silicon Valley Bank (SVB) and Credit Suisse, he does not ...
Hong Kong sharpens fine art edge over Singapore
Chinese collectors are piling into Hong Kong for Art Basel this week. That is good news for an industry that saw turnover slow last year thanks to lockdowns and border restrictions. As the financial ...
Investor excitement builds ahead of Future Facing Commodities Forum in Singapore next month
Excitement is building for the inaugural Future Facing Commodities Conference to be held in Singapore, on April 5 and 6 of this year.
SG no plans to invest in cross-border infrastructure, ASEAN Power Grid
Singapore will work with regional peers to provide a framework, regulations, and a solid ecosystem. Singapore has no current objectives for investing in cross-border infrastructure, according to ...
Real life Crazy Rich Asians: 10 of the richest people in Singapore in 2023
From Haidilao's owner to Meta's co-founder, know 10 of the richest people in Singapore (aka billionaires) and how they made their fortune.
Asia stocks bounce gingerly but bank fears lurk; Singapore index up 1.1%
SINGAPORE – Asian stocks were lifted from lows on Tuesday ... head of Group of 10 currency research at Standard Chartered Bank. “If the (Fed) pauses, the message may be that it sees further hikes as ...
Interpol confirms arrest of crypto fugitive Do Kwon in Montenegro
Kwon was based in Singapore while running the blockchain platform Terraform Labs. Seoul prosecutors told CNN in December that the crypto entrepreneur was believed to be in Serbia, where he was in ...
Is Singapore’s former top diplomat taking another dig at Foreign Affairs Minister Vivian Balakrishnan?
SINGAPORE: Former top diplomat from the Ministry of Foreign Affairs, Bilahari Kausikan, has appeared to take another veiled swipe at ruling party politician Vivian Balakrishnan, just days after ...
Share Market LIVE: Nifty, Sensex may open flat amid mixed global cues; FM to list Finance Bill in Lok Sabha today
The Nifty futures on the Singapore Exchange (SGX) were trading 39 pts or 0.23% lower at 17,044.50 in the early morning trade. Asian markets were trading in red with China’s Shanghai Composite index ...
Singapore Shares May Tick Higher On Friday
DBS Group eased 0.03 percent, Genting Singapore improved 0.92 percent, Hongkong Land dropped 0.93 percent, Keppel Corp added 0.55 percent, Mapletree Pan Asia Commercial Trust tumbled 1.13 percent, ...
Singapore push for all-EV future faces a love of crazy, rich combustion
SINGAPORE (Reuters) - Singaporean chip designer Eu Gene Goh is an electric-vehicle evangelist with two Teslas in the garage. But the car-tech enthusiast is also not ready to give up his S$1.6-million ...
A wet 2022 for Singapore, even as temperatures soared
SINGAPORE: With above-average rainfall for most months, it was a very wet 2022 for Singapore, which also saw temperature levels reaching new highs in some categories. In its annual climate assessment ...
Banks to share information voluntarily
SINGAPORE: Banks that agree to share details of customers ... The six banks – DBS Group Holdings Ltd, OCBC, UOB, Standard Chartered, Citibank and HSBC – will be the first to use Cosmic, which aims to ...
Former Crypto Star Arrested After Months on the Run
This crisis mainly revealed the links and exposure of crypto firms to each other ... co-founder and CEO of Singapore-based Terraform Labs." Adzic's Twitter account is unauthenticated but is followed ...