"This brings Singapore's cross-border investment value to surpass that of the US by nearly 50%," read the statement from Knight Frank. This stemmed from the strength of the Singapore dollar, which ...
Malaysian Tycoon Lee Yeow Seng Doubles Down Singapore Bet With $394 Million Office Tower Purchase
Lee Yeow Seng has agreed to buy Shenton House, one of the oldest buildings in Singapore’s Raffles Place central business district, for S$538 million.
Singapore Central Bank Chief Rules Out Politics Post Retirement
(Bloomberg) -- Singapore’s longest-serving central bank chief ruled out entering politics after he steps down at the end of this year, departing from the route taken by some of his predecessors. Most ...
Singapore regulator bars DBS bank from new acquisitions for 6 months, over ‘unacceptable’ outages
Singapore’s financial regulator on Wednesday barred DBS Group from acquiring new business ventures or reducing the size of its local branch networks for six months, as it steps up efforts to get the lender to resolve a spate of digital banking service ...
Singapore must find ‘right approach’ to decide who takes responsibility for malware scam losses: MAS chief
The authorities are “very concerned” about malware scams and discussions with banks on putting safeguards in place are underway, says Singapore’s central bank chief Ravi Menon in an interview with CNA ...
How Singapore and its population of just six million is beating much bigger countries in the race to attract chip manufacturing
Singapore could be a lesson for other countries hoping to break into chips: Experience and expertise is worth more than money.
UPDATE 2-Singapore c.bank bars DBS Bank from making acquisitions for six months
SINGAPORE, Nov 1 (Reuters) - Singapore's central bank has barred DBS Bank from acquiring new businesses or making non-essential IT changes for a six-month period to ensure it focuses on shoring up its ...
Service outages: MAS bars DBS from acquiring new business ventures, reducing branch and ATM network sizes for 6 months
DBS Bank has been barred from acquiring new business ventures by the Monetary Authority of Singapore (MAS), and also instructed not to reduce the size of its branch and automated teller machines (ATM) ...
DBS chairman says senior management will be held accountable for banking service disruptions
"As an acknowledgement that the bank could have done better, senior management will be held accountable, and this will be reflected in their compensation,” says DBS chairman Peter Seah.
MAS bars DBS from acquiring new business ventures for 6 months after repeated banking service disruptions
SINGAPORE: The Monetary Authority of Singapore (MAS) has barred DBS from any acquisitions of new business ventures for six months, in response to the bank's multiple service disruptions this year. DBS ...
Singapore’s river-cleaning robots are producing 80% less carbon emissions than the human-powered boats they replaced
An envelope. It indicates the ability to send an email. An curved arrow pointing right. If you go to Singapore, you'll find robots at work. The island nation has the second-highest robot density in ...
How Singapore is helping ‘future-food’ companies scale up
More than 60 alternative protein companies call the city home and employ nearly 800 people.
MAS suspends DBS from new business ventures, reducing branch and ATM networks over disruptions
SINGAPORE – For six months, DBS Bank will have to suspend non-essential changes to its IT systems, and will not be allowed to take on new business ventures, said the Monetary Authority of Singapore (MAS) on Wednesday. MAS said it directed DBS to suspend ...
Singapore Makes Its Largest Bank Take a Technology Timeout
The city-state’s top financial regulator has lost patience with DBS Group after repeated digital-banking service disruptions.
Singapore projected to be biggest digital wealth market in Southeast Asia by 2030
and covers the state and outlook of the region's technology funding landscape across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Despite having the highest digital ...
Singapore’s $110,000-a-month mansion market slows down
Singapore's luxury housing deals are drying up as one of the nation's largest-ever money laundering scandals weighs on the market.High-end bungalow sales are set for their worst year in nearly a ... ( read original story ...)