This is an extract from Finextra's The Future of Digital Banking in Asia 2022 report. McKinsey’s recent Personal Financial Services (PFS) Survey shows that adoption of digital banking in emerging ... ( read original story ...)
Tencent to Reduce Voting Stake in Singapore Tech Group Sea
Chinese gaming and social media company Tencent Holdings Ltd has agreed to convert its Class B ordinary shares in Singapore-based gaming and e-commerce firm Sea Ltd into Class A ordinary shares, ... ( read original story ...)
Maid caring for woman with dementia gets jail for stealing $28,200 from employer
She sneaked off with the 82-year-old's debit card on 23 occasions and withdrew money. . Read more at straitstimes.com. ( read original story ...)
Ex-UOB VP pocketed nearly $5m from client for over a decade
For over a decade, a United Overseas Bank Vice President diverted close to $5 million of a customer's funds to a business partner for a nail spa business. ( read original story ...)
Former UOB vice-president jailed for pocketing about S$5 million from customer
SINGAPORE: Over 10 years, a vice-president at United Overseas Bank (UOB) misappropriated about S$5 million from a customer who believed he was putting the cash into a nominee bank account. Ling Shek ... ( read original story ...)
All eyes on Singapore’s reopening progress, VTL expansion for 2022 economic outlook
While the pace of relaxation of mobility curbs may have slowed in recent months, Singapore is still on track in its strategy to treat Covid-19 as endemic, analysts ... ( read original story ...)
Hit and hide? Battered mystery van abandoned on Singapore expressway (Video)
A banged-up delivery van was left with its engine still running in the middle of an expressway, according to a motorist who found it this morning. ( read original story ...)
MM2’s Singapore Cinema Sale Collapses as Investor Blames Omicron Impact
Mini-conglomerate mm2 Asia says that a deal to sell its Singapore cinemas business has fallen through. The deal was announced in August and should have been completed by Dec. 31, 2021. “Omicron ... ( read original story ...)
Indonesian air force chief of staff makes introductory visit to Singapore
SINGAPORE - The chief of staff of the Indonesian air force, Air Chief Marshal (ACM) Fadjar Prasetyo, is on an introductory visit to Singapore from Sunday (Jan 2) to Tuesday. . Read more at ... ( read original story ...)
Singapore’s home prices surge to the highest in more than a decade as the ultra wealthy flock to Southeast Asia’s business hub
Singapore’s price spike underpins the government’s move to impose a fresh round of curbs, which included raising additional stamp duties for second-home buyers and on foreigners purchasing private ... ( read original story ...)
Arlo Clinches 2022 CES Innovation Award for Fourth Consecutive Year with Unveil of All-New Arlo Security System
Leading, All-In-One Multi-Sensor and Security Hub with Integrated Keypad Featuring NFC Technology, Enhanced Encryption and More SINGAPORE - Media OutReach - 4 January 2022 - Arlo Technologies, Inc. ( read original story ...)
Chip shortage may turn into oversupply in 2024 for Asian foundries: Report
The chip shortage plaguing the semiconductor and electronics industries will likely ease in the second half of 2022 after automotive-related backlog is addressed in the first half, according to a ... ( read original story ...)
World’s largest trade deal is in force, but there’s still ‘work to be done,’ says Singapore minister
The Regional Comprehensive Economic Partnership is a mega trade agreement signed by 15 countries, which collectively cover about one-third of the world's population. RCEP is an important agreement ... ( read original story ...)
Dental assistant jailed for embezzling S$158,000 from clinic, bought property in Malaysia
SINGAPORE: Over more than two years, a dental assistant pocketed about S$158,400 from patients and used part of it to buy property in Malaysia. When she was caught, she pleaded with the dentist for a ... ( read original story ...)
Singapore’s 5.9% Q4 GDP a sign of optimism for 2022 – UOB
Maybank and OCBC also echoed this outlook for the upcoming year. UOB called last year’s Singapore fourth quarter (Q4) gross domestic product (GDP) of 5.9% a strong end to 2021. Going forward, UOB ... ( read original story ...)
Singapore Fintech Report 2022: Fintech Reaches Critical Mass in Singapore
In Singapore, the COVID-19 pandemic has acted as a catalyst for fintech adoption, driving demand for digital payment capabilities, virtual banking experiences and buy now, pay later (BNPL) ... ( read original story ...)