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Posted on 06/05/2025

Jail for ‘key cog’ in cryptocurrency scam in which investors in Singapore lost S$1.1mil

SINGAPORE: He was the chief executive of a firm that offered investment schemes, claiming to have 300,000 physical mining machines capable of generating revenue by mining cryptocurrencies.

Posted on 06/05/2025

Best Fixed Deposit Rates in Singapore (May 2025)—Minimum Deposits From $500, Rates Up To 2.50%

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Posted on 06/05/2025

HSBC group chairman Mark Tucker to retire

Tucker will continue to serve as a strategic adviser to the group CEO and the board during the ongoing search for a permanent chair.

Posted on 06/05/2025

At least $172,000 lost in phishing scams targeting POSB customers since April

Thirteen reports of such cases have been made so far. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 06/05/2025

Singapore stocks end higher on Tuesday ahead of FOMC meeting; STI up 0.2%

SINGAPORE] Stocks on the local bourse ended higher on Tuesday (May 6), ahead of the next US central bank meeting where policymakers are expected to keep interest rates on hold. Read more at The ...

Posted on 06/05/2025

Singapore stocks end higher ahead of US Fed meeting

Singtel is the top gainer on the Straits Times Index while Yangzijiang Shipbuilding falls the most. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 06/05/2025

BTSE Cares Foundation & Singapore Football Club Renew Winning Partnership

BTSE Cares Foundation, a charitable foundation backed by BTSE, a world-leading cryptocurrency exchange, is proud to announce the extension of its partnership with Singapore Football Club (SFC), ...

Posted on 06/05/2025

Singapore stocks end higher on Monday; STI up 0.2%

SINGAPORE] Stocks in Singapore ended higher on Monday (May 5), tracking Friday’s gains on Wall Street. Read more at The Business Times.

Posted on 06/05/2025

Enterprise Singapore launches new one-stop Sustainability Hub website for SMEs

SINGAPORE] Enterprise Singapore (EnterpriseSG) launched the new SME Sustainability Hub on Tuesday (May 6), a website that aims to help small and medium-sized enterprises (SMEs) access information on ...

Posted on 06/05/2025

Singapore Ministers Defend Meals Taken With Money Launderer

Three Singapore ministers dined with a China-born resident years before he was convicted in a record money laundering case in the city-state, according to photos of the gatherings and a local ...

Posted on 06/05/2025

Jail for ‘key cog’ in cryptocurrency scam in which investors in Singapore lost $1.1m

Lu Huangbin was the chief executive of a firm that operated a Ponzi scheme. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 06/05/2025

Singapore Gulf Bank names ex-Fed Reserve vice chair to newly formed global advisory board

Singapore Gulf Bank said on Tuesday that it has appointed former U.S. Federal Reserve vice chair Randal Quarles as vice chairman of its newly formed global advisory board to support the digital lender ...

Posted on 06/05/2025

Credit Suisse to pay $658 million in US tax evasion case involving Singapore accounts

Swiss bank maintained accounts in Singapore on behalf of US taxpayers using offshore accounts to evade taxes. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 06/05/2025

Why a US-listed video game firm is paying a premium for a Singapore-based tech products distributor

SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution ...

Posted on 06/05/2025

Singapore entities will be able to list product carbon data aligned with global methodology

SINGAPORE] Businesses and organisations in Singapore can now list product carbon footprints based on global standards with the Singapore Emission Factors Registry. Read more at The Business Times.

Posted on 06/05/2025

Singapore dollar closes in on 10-year high as Trump tariff turmoil saps US dollar dominance

Singdollar was trading at 1.2964 per US dollar at 9.30 am local time on May 6, up 4.6 per cent to date in 2025. Read more at straitstimes.com. Read more at straitstimes.com.

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