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Posted on 09/05/2023

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 ...

Posted on 09/05/2023

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 ...

Posted on 09/05/2023

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 ...

Posted on 09/05/2023

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 ...

Posted on 09/05/2023

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).

Posted on 09/05/2023

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 ...

Posted on 09/05/2023

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.

Posted on 09/05/2023

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.

Posted on 09/05/2023

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 ...

Posted on 09/05/2023

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.

Posted on 09/05/2023

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.

Posted on 09/05/2023

Singapore’s DBS considers plans to expand presence in Dubai

Singapore’s DBS Bank, one of the biggest lenders in Asia, plans to boost its presence in Dubai and use the emirate as a hub to better access other markets and source business in the broader Middle ...

Posted on 09/05/2023

You Can Now Pay for Stuff in Singapore Using WhatsApp

Businesses that would like to accept payments via WhatsApp will do so via the WhatsApp Business Platform, and the platform has already onboarded businesses such as Tye Tye, Baker's 13, and Love Handle ...

Posted on 09/05/2023

How Singapore’s giant sovereign wealth fund is investing in generative AI technology

GIC manages hundreds of billions of dollars in assets. It's invested in tech for decades and is unfazed by last year's tech stock rout.

Posted on 09/05/2023

Blackstone’s Nexus Select Trust IPO:Non Institutional Investors show interest so far; check details

The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share.

Posted on 09/05/2023

Standard Chartered expands its partnership with Tazapay

IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ...

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