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Posted on 07/05/2024

Singapore: Two men convicted in S$3bil money laundering case deported to Cambodia

SINGAPORE (The Straits Times/ANN): Two men convicted in Singapore’s largest money laundering case were deported to Cambodia on Monday evening. Su Wenqiang and Wang Baosen, both 32, will be barred from ...

Posted on 07/05/2024

The Ultimate List of Credit Card Reviews in Singapore (2024)

In today's dynamic world of personal finance, selecting the perfect credit card has become an essential skill. With a myriad of options available, each promising unique benefits and rewards, ...

Posted on 07/05/2024

OCBC Cycle: Road closures on May 11 & 12 for Singapore’s largest mass cycling event

SINGAPORE: The OCBC Cycle will begin this Saturday (May 11), and more than 7,000 cyclists are expected to participate. Being Singapore’s largest mass cycling event, it also aims to provide “a safe ...

Posted on 07/05/2024

Singapore stocks end lower, bucking regional upbeat trend

SINGAPORE - Shares in Singapore closed lower on May 7 ... The local banks ended the day mixed, with UOB and OCBC Bank slipping $0.01 each, but DBS Bank shares finished higher, rising $0.12 to $35.93.

Posted on 07/05/2024

UOB to maintain good asset quality amidst profitability dip

The bank is also expected to have a steady core capital ratio. UOB will remain stable despite a slight decrease in profitability, Moody’s reported. In the latest rating report, Moody’s projects UOB to ...

Posted on 07/05/2024

MAS to ensure DBS identifies root cause of recent disruptions and addresses it effectively

The recent outages occurred even as a remediation plan to identify and rectify the cause of disruptions in 2023 is ongoing. Read more at straitstimes.com.

Posted on 07/05/2024

Amazon pledges to invest US$9 billion to amplify its cloud investment in Singapore.

In a strategic move to bolster its presence in Southeast Asia, Amazon.com Inc has announced plans to invest a staggering US$9 billion (RM42.66 billion) into expanding its cloud computing ...

Posted on 07/05/2024

Singapore amends cyber security law to better secure national interests, essential services

Lawmakers on Tuesday (May 7) passed a Bill that seeks to expand the oversight of Singapore’s cyber security watchdog over any computer system that is critical to the nation and at high risk of cyber attacks. This includes temporary systems set up to ...

Posted on 07/05/2024

2 Chinese men convicted in Singapore’s largest money laundering case deported to Cambodia

Su Wenqiang and Wang Baosen, both 32, are barred from re-entering Singapore, an Immigration and Checkpoints Authority spokesperson said.

Posted on 07/05/2024

DBS remains as Singapore’s most valuable brand, while MBS becomes strongest brand in 2024

DBS's brand value rose by 5% y-o-y to US$11 billion ($14.88 billion), making it Singapore's most valuable brand.

Posted on 07/05/2024

MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services

THE Monetary Authority of Singapore (MAS) said on Tuesday (May 7) that it was “following up” with DBS over the root cause of a disruption to the bank’s digital services on May 2. Read more at The ...

Posted on 07/05/2024

Singapore-Based Data Center Operator Gets Green Load to Fund its $1.5 Billion Project

Princeton Digital Group has obtained a green loan of $280 million to help finance a data center it’s building in the southern region of Malaysia with $1.5 ...

Posted on 07/05/2024

UAE-Founded DAMAC Properties Announces Aggressive APAC Expansion Plan with Latest Office Openings in Singapore and Beijing

UAE-founded real estate developer with global aspirations, DAMAC Properties, has announced brand-new office openings in Beijing and Singapore. With its sights firmly set on global expansion, the ...

Posted on 07/05/2024

Amazon to spend S$12 billion to expand cloud infrastructure in Singapore

SINGAPORE: Amazon plans to invest an additional S$12 billion (US$8.88 billion) in Singapore over the next four years to expand its cloud computing infrastructure in the country.  This is to ...

Posted on 07/05/2024

Thai Drinks Firm Plans Singapore IPO for Coconut Water Exporter

Thai drinks maker General Beverage Co. is planning a Singapore initial public offering for a unit that distributes its brands including IF coconut water overseas, according to people familiar with the matter.

Posted on 07/05/2024

Rider from Singapore claims fuel from JB kiosk contaminated with water, causing bike’s breakdown

Shortly after refuelling his Singapore-registered motorbike at a petrol station in Johor Bahru, Malaysia, a man found himself stranded when the vehicle suddenly stopped running and could not be restarted.

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