INGAPORE- In one of the biggest anti-money laundering operations here, the Singapore Police Force (SPF) rounded up a group of foreigners who had amassed about $1 billion worth of assets here. The ...
Indonesia and Singapore set to introduce QR code payments
The central banks of Singapore and Indonesia are planning to introduce the use of QR codes for cross-border payments between the two countries.
OCBC, SPF say joint operation prevented scam losses of over S$22.4 million
OCBC and the Anti-Scam Centre of the Singapore Police Force (SPF) say they have successfully prevented over S$22.4 million in potential financial losses by disrupting over 830 ongoing scams. Read more ...
Commentary: Should Singapore look beyond a balanced budget to ensure we will always have enough in our reserves?
The Singapore government is constitutionally obliged to achieve a balanced budget over its term of office. What about targeting a net surplus instead, ask Eddie Choo and Gillian Koh from the Institute ...
Singapore’s middle distillates stocks rise as imports from India emerge
SINGAPORE, Aug 17 (Reuters) - Singapore’s middle distillates inventories clawed back earlier weeks’ of losses and rose on higher gasoil imports, with Indian-origin cargoes arriving for the first time ...
Singapore stocks decline as July key exports fall, STI sheds 0.5%
Loses outnumbered gainers 315 to 289, as 1.1 billion securities worth $1 billion were traded Read more at straitstimes.com.
Singapore’s chip industry still in the money for the long term: Analysts
Both Singapore and Malaysia in recent years have seen a host of global chipmakers announce new investment and expansion of existing facilities that are likely to help boost the business of local ...
Cash, cars and homes seized in $735m Singapore anti-money laundering raids
The country's central bank and financial regulator, the Monetary Authority of Singapore, said it had been in contact with financial institutions "where the potentially tainted funds have been ...
Singapore arrests 10 foreigners, seizes S$1 bln assets in money laundering probe
Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a case involving about S$1 billion ($737 million) of cash, properties, luxury cars and other assets. ( read original story ...)
UOB Kay Hian Keeps Their Buy Rating on SATS (SPASF)
In a report released yesterday, Roy Chen from UOB Kay Hian maintained a Buy rating on SATS (SPASF – Research Report), with a price target ...
UOB Kay Hian Keeps Their Buy Rating on Comfortdelgro (CDGLF)
In a report released yesterday, Llelleythan Tan from UOB Kay Hian maintained a Buy rating on Comfortdelgro ... The company was founded on March 29, 2003 and is headquartered in Singapore.
How Singapore wrestles with the constraints of success
How much talk about reinvention does one of the world’s most successful, if tiny, economies have to listen to?
Singapore’s key exports decline for 10th consecutive month
SINGAPORE, Aug. 17 (Xinhua) -- The non-oil domestic exports (NODX) in Singapore declined by 20.2 percent year-on-year, marking a contraction for the 10th straight month, government agency Enterprise ...
Singapore Politician Leaves Grab Months After Public Outcry
A Singapore lawmaker initially appointed to run Grab Holdings ... She said she will work in strategic partnerships and business development, helping the startup expand into Asia-Pacific markets.
The Monetary Authority Of Singapore Takes A Stand On Stablecoins
Stablecoins are the most palatable crypto for regulators. With Europe moving forward with regulation, it was only a matter of time before Singapore did the same.
Singapore arrests 10, seizes $737m in assets in money laundering raids
“Investigations are ongoing. More assets may be seized [and] bank accounts frozen,” the police statement said. Singapore is a global financial hub and has strict laws against the laundering of illicit ...