Singapore’s financial regulator will stick with its plans to award digital banking licences by the end of the year, undeterred by tightening scrutiny in China and the US that’s hitting major Chinese ... ( read original story ...)
India approves merger of Lakshmi Vilas Bank to Singapore’s DBS
The Indian government has approved the merger of crisis-hit Lakshmi Vilas Bank into the Indian unit of Southeast Asia's largest lender DBS. ( read original story ...)
Lakshmi Vilas Bank merger with DBS Bank approved by Cabinet
In a major development for the beleaguered Lakshmi Vilas Bank (LVB), its merger with the Singapore-based DBS Bank has received an approval from the Cabinet. The issue came up for discussion before the ... ( read original story ...)
LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go
Crisis-hit Lakshmi Vilas Bank (LVB) will merge into the Indian arm of Singapore-based DBS Bank on November 27, leading to removal of all restrictions, including withdrawal cap of ₹25,000, which the ... ( read original story ...)
Lakshmi Vilas Bank merger with DBS Bank: What it means for customers
On 17 November, the Reserve Bank of India had unveiled a draft scheme to amalgamate private sector lender Lakshmi Vilas Bank with DBS Bank India ... ( read original story ...)
Singapore imports frozen shrimp from Saudi Arabia in a first
The shrimps sourced from the Red Sea are supplied to FairPrice and other restaurants and foodstall owners.. Read more at straitstimes.com. ( read original story ...)
Australia and Singapore to Trial ‘Paperless’ Trade Using Blockchain Technology
The Australian Border Force (ABF), the country’s customs and border protection agency, wants to simplify cross-border trade with Singapore using blockchain technology. Under the Australia-Singapore ... ( read original story ...)
A $30b telco shoots for the moon
Singtel might not have had a good 2020, but next year could be the launchpad for the telco giant’s stellar revival. Plus, an Indonesian fintech platform close ... ( read original story ...)
Singapore eyes deeper Guangdong ties as China’s Greater Bay Area plan takes shape: minister
Transport minister Ong Ye Kung says Beijing’s plan to transform Hong Kong, Macau and nine provincial cities into an economic hub will open up investment opportunities for. ( read original story ...)
Singapore Oil Tycoon Who Founded Hin Leong Denies HSBC’s Forgery Claim
Oil Tycoon Lim Oon Kuin, founder of troubled Singaporean oil trader Hin Leong, denied allegations by the company’s biggest creditor that he used forged documents to obtain financing. ( read original story ...)
Importing Saudi Arabian shrimp to pave the way for more food trade flows: Chan Chun Sing
Singapore has begun importing frozen shrimp from Saudi Arabia, a move that will lay the foundations for more food imports and exports ... ( read original story ...)
Australia and Singapore trial blockchain for international trade
Australia and Singapore have begun trialling blockchain technology as a means of streamlining and digitising the exchange of trade documents. The trial between the Australian Border Force, Singapore ... ( read original story ...)
Man jailed, fined S$240,000 for running illegal moneylending business targeting maids
Over nearly two years, a Singaporean man ran an illegal moneylending business with 19 foreign domestic workers as clients, earning ... ( read original story ...)
Singapore Nearly Virus Free After Local Cases and Clusters Cease
SINGAPORE (Reuters) - Having once had the highest COVID-19 rate in Southeast Asia, Singapore has all but eradicated the virus after reporting 14 days without any new local cases on Tuesday, and saying ... ( read original story ...)
Singapore sex worker reveals all about life as an escort: ‘I’m proud to call myself a whore’
University student by day, high-end escort by night, 24-year-old Ashley Chan talks about her five years in sex work in Singapore and why she got into the industry. ( read original story ...)
JD Health IPO helps cure Hong Kong market blues after Ant
JD Health has already locked in six cornerstone investors, including Singapore state investment ... but Chinese regulators halted the IPO shortly before trading was due to start. ( read original story ...)