Banks like OCBC and UOB are demanding more documents than usual in some cases to verify sources of wealth, sources said. Read more at straitstimes.com.
Singapore shares begin week lower as traders tread with caution, STI down 0.3%
LOCAL shares began the week in the red, as investors took in news of the Israeli conflict, the resultant impact on equities globally as well as rising uncertainty amid the start of the corporate earnings season.
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%). Singapore’s top bosses are continuing their investment in ESG, with over a third of CEOs (36%) changing the language they ...
Redefining Investments: KB53 Token’s Journey in Asia Begins
David Wegner said KB53 Token's strategic expansion into Asia marks a significant milestone in the world of real-world asset investment ...
Singapore banks sharpen scrutiny after $2 bln money laundering scandal -sources
Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts in some cases, sources said, as procedures tighten after the financial hub's biggest money ...
Citigroup to sell China consumer wealth business to HSBC
The deal with HSBC does not include Citi's institutional businesses, the bank said, adding it would continue to serve the needs of affluent to ultra-high net worth Chinese clients via its regional ...
Coinbase Attains Full License to Expand Crypto Payment Services in Singapore – Braxton WM Reports
Coinbase has obtained a full Major Payment Institution (MPI) license in Singapore, allowing it to expand its cryptocurrency payment services in the country. This development comes after a year of prel ...
Doing Business In Singapore: What Is The Best Way To Connect With The Singaporean Audience?
Language Preferences: The official languages in Singapore are English, Mandarin, Malay, and Tamil. While English is widely spoken and used for business, it’s crucial to acknowledge and respect the ...
Singapore’s tech subscription service Circular wants to keep devices out of the landfill
Circular, backed by Y Combinator, is a service that offers consumers in Singapore and Australia subscriptions to high-end electronics, like iPhones, Samsung Galaxy, iPad Pros and MacBook Pros.
Drake’s new track sparks controversy with mention of Singapore in diss lyric
In a shocking twist, Drake's latest track Drew a Picasso has sent ripples through the music world, leaving Singaporean fans in a state of mixed emotions. The thirteenth song on his new album For All the Dogs,
‘It’s my money, why can’t I make the transfer?’ DBS staff stop elderly man from losing $3,000 to love scam
An elderly man narrowly avoided becoming a victim of a love scam, all thanks to some vigilant bank staff. In a Facebook post on Sunday (Oct 8), two staff members from DBS Bank's Compass One branch ...
Ripple Obtains Full License to Offer Crypto Payment Services in Singapore
Ripple has obtained a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Singapore turns to robots to attract talent, help firms tide through manpower crunch
However, robot manufacturers believe there is a long way to go before these robots can be readily adopted in daily life.
Singapore urges citizens to avoid Gaza Strip and West Bank travel amid attacks
Singapore's foreign affairs ministry has urged Singaporeans against traveling to certain areas in the Middle East due to the escalating conflict.
DBS, OCBC and UOB to roll out ‘money lock’ feature that lets customers block savings from digital transactions
A new security feature that allows bank customers to block their savings from digital transactions will be rolled out by major banks DBS, OCBC and UOB by the end of November. Once locked in, the money ...
China Aviation Oil (Singapore) (SGX:G92) Is Reinvesting At Lower Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few ...