Bankruptcy applications rose to 959 in the first quarter, higher than the 912 claims made on average in each quarter of 2022. Read more at straitstimes.com. ( read original story ...)
Chinese Exports Cool in Latest Warning Sign on Global Trade
The global slowdown means trade is unlikely to play such a pivotal role in driving China’s economy as it did during the first years of the pandemic.
Billions of Android owners warned of devastating bank-draining mistake after woman ‘loses $20,000 while she slept’
A WOMAN in Singapore has reportedly been swindled out of $20,000 after using a QR code that had been set up by cyber criminals. The woman, in her 60s, scanned a QR code she saw on a sticker in a ...
Singapore taps HSBC, Citi for rigid money laundering controls
Foreign and local banks in Singapore will be required to share information with one another on a digital platform that will make it easier to raise red flags on potential money laundering acts, as the ...
KKR, Macquarie Eyeing Singapore’s Waste Management Firm SembWaste – Sources
Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources. HSBC declined to comment. First-round of ...
Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC, and More
Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period ... ICBC (3.65% p.a.—$500 for 3 months) Citibank (4.00% p.a.—$250,000 for 3 months) HSBC (3.75% p.a.—$30,000 for ...
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023. Singapore has long set its sights on making the crown the world’s greenest city; and its ...
Singapore retail vacancy rates rise for the first time in almost a year
The retail vacancy rate hit 7.6% in Q1. According to a JLL report, URA’s statistics signalled that retailers and investors continue to err on the side of caution amid macroeconomic headwinds ...
Singapore: Jail for tycoon Peter Lim’s former son-in-law for offences linked to illegal gambling activities
Billionaire Peter Lim’s former son-in-law, Kho Bin Kai, will be spending time behind bars after he pleaded guilty to multiple offences including those involving a syndicate linked to illegal gambling ...
Online home rental scams in Singapore increased by over 400 per cent in 2022
Home rental scams perpetrated through online platforms increased by more than 400 per cent from 192 cases in 2021 to 979 cases in 2022, said Minister of State for Home Affairs Sun Xueling in Parliament on Tuesday (9 May).
Olam Agri’s Singapore-Saudi $1 billion dual listing may launch as early as June – sources
Agri-food giant Olam Group aims to launch in June the dual initial public offering (IPO) of its agricultural unit that could raise up to $1 billion in Singapore and Saudi Arabia, two sources with ...
Condom Maker Surges 23% in Mumbai Debut After a $529 Million IPO
Mankind Pharma Ltd. rallied 32% on its first day of trading in Mumbai after raising 43.3 billion rupees ($529 million) in one of India’s largest initial public offerings of the year.
MAS details information-sharing platform among banks to combat financial crime
A bill proposing amendments to the Financial Services and Markets Act was read for a second time in Parliament on May 9.
Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC & More
Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period. Minimum deposits start as low as just $500 for an interest rate of 3.65% p.a.! ICBC (3.65% p.a.—$500 for 3 ...
MAS to build new information-sharing platform for banks in Singapore to combat financial crimes
Parliament passed a Bill paving the way for the launch of a digital platform for financial institutions in Singapore to share information on suspicious customers or transactions.
Singapore to allow banks share client data to fight crime
Singapore banks will be able to share information on potentially risky clients next year, a move aimed at curbing illicit flows amid the city-state’s rise as a key financial and wealth hub.