Monetary Authority of Singapore (MAS) board member Alvin Tan replied to questions from MP Louis Chua and NCMP Leong Mun Wai on wealth inflows and foreign fund inflows through family offices into Singapore.
OCBC phishing scam: Only 9 out of 120 money mules charged
Only nine out of more than 120 suspected money mules were charged in the OCBC phishing scam that occurred between December 2021 and January 2022 due to the limitations of current laws. This was revealed in parliament on Tuesday (9 May) by Minister for Communications and Information and Second Minister for Home Affairs Josephine Teo ...
Singapore banks post record profit but mega-rich reluctant to invest
Singapore, known for its stability and low taxes, has been a haven for the ultra-wealthy during rising global geopolitical and financial uncertainty. Individuals from mainland China and Hong Kong and ...
Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec
Singapore state-owned DBS Bank posted an 80% increase in Bitcoin trading volumes in the aftermath of crypto exchanges’ collapses in 2022, DBS Digital Exchange CEO said.
Pulau Bulan’s live pig exports to Singapore could take a year to resume: SFA
The Singapore Food Agency (SFA) said this in a Facebook post on Tuesday, in an update after Singapore detected African swine fever in a consignment of pigs from Pulau Bulan on April 19, and stopped ...
Inflation top concern for Singapore investors
Inflation and the increase in the cost of goods and services (86%) remain the biggest financial concern in 2023 across all ages for Singapore respondents surveyed and analyzed in the 2023 Wealth ...
Singapore plans digital platform to help banks fight crime
The Monetary Authority of Singapore (MAS) has proposed a digital platform to make it easier for financial institutions to detect and deter criminal activity.
Three Arrows Founder Su Zhu Obtains Singapore Restraining Order Against Arthur Hayes Over ‘Harassment’
Hayes has been tweeting at the founder of the collapsed crypto fund to return some $6 million he says he's owed.
Hong Kong Warns ‘Regulations Will Be Tight’ As It Opens Doors To Crypto Companies In June
Hong Kong has had very tight cryptocurrency regulations over the past few years, but these have reportedly been reduced to a much lower, "reasonable and sustainable level.
Singapore stocks flat amid cautious trading on inflation concerns
Local shares closed largely flat on Wednesday after wary local investors kept their powder dry ahead of United States inflation data. Read more at straitstimes.com.
Temasek-Backed STT GDC Is Said to Mull $1 Billion Pre-IPO Round
A digital infrastructure provider backed by Singapore’s state-owned investment firm Temasek Holdings Pte is considering raising as much as $1 billion in a funding round before its potential initial ...
ST Telemedia’s GDC is said to mull US$1 billion pre-IPO round
ST Telemedia Global Data Centres has held talks with potential advisers on the fundraising as it’s keen to bring in strategic investors, the people said. The funding round would help set a valuation ...
Singapore bank OCBC posts record quarterly profit, flags rates peaking
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net ...
PayBito Launches Crypto Broker Program for Entrepreneurs to Make Money From Home
A PayBito-associated crypto broker from Singapore says, "I'm making money from home and living a life free of EMIs." Brokering World Hunger Away While Making Money From Home: A PayBito-associated ...
Singapore Property Market Report Q2 2023
Leveraging data from sale and rental residential property listings on Singapore, the Singapore Property Market Report Q2 2023 offers meaningful insights into the price, supply and demand of the ... ( read original story ...)
Singapore readies roll out of anti-money-laundering platform to prevent a 1MDB repeat
The platform, called Cosmic, is meant to make it easier for financial institutions to share information on risky clients, and detect and deter scams, money laundering and terrorism financing.