Chinese national Zhang Ruijin, one of the 10 foreigners arrested in Singapore’s largest money laundering case involving more than S$3 billion (RM10.5 billion), was handed five more charges on April 26 ...
Billion-dollar money laundering case: Suspect handed five new charges, including failure to explain S$26m in bank account
One of 10 people allegedly involved in Singapore’s largest money laundering case was handed five new charges today. Zhang Ruijin, 45, already ...
Bank of Singapore uncovers misuse of medical benefits; fires some employees
Claims were made by employees for items such as bird’s nest and skincare products, which are not covered under the bank’s medical insurance scheme.
HSBC’s Private Bank Shuts IAM Business in HK, Singapore
HSBC Holdings Plc’s private bank has discontinued its independent asset management business in Hong Kong and Singapore following a strategic business review, a bank spokesperson said.
How the (COE) Certificate of Entitlement System Works: Bidding & Process
Singapore holds a unique Guinness World Record—though it’s not necessarily one to be proud of. We’re the most expensive city in the world to own a car. The record was awarded in 2018, but it still ...
Trust Bank Instant Loan Review 2024 — Low Interest Rate And Instant Application
Would you put your trust in Trust? The local digital bank is backed by a partnership between Standard Chartered Bank and FairPrice Group, so it’s safe to say that it’s... The post Trust Bank Instant ...
Singapore Hedge Fund APS Says Founder to Step Down as CIO
APS Asset Management Pte founder Kok-Hoi Wong is preparing to step down as chief investment officer of the Singapore-based hedge fund in the coming year. APS’s current Head of Investment Strategy Wang ...
CVC Rises as Firm, Backers Raise €2 Billion in Long-Awaited IPO
CVC Capital Partners Plc shares climbed as much as 29% after the company and its investors raised €2 billion ($2.15 billion) in an initial public offering, bringing the long-delayed listing process ...
HSBC Suspends HK, SG Independent Asset Mgmt Biz: Report
HSBC HOLDINGS (00005.HK) has decided to suspend its independent asset management business in Hong Kong and Singapore, due to business strategy considerations, according to Sing Tao Daily. However, ...
Intrigue Surrounds Singapore’s Billion Dollar Money Laundering Case: 10 Suspects’ Profiles Unveiled
In a shocking turn of events, Singaporean authorities have uncovered a complex web of money laundering amounting to S$2.8 billion. This case is popularly known as the Billion Dollar Money Laundering ...
DBS raises CLINT’s TP to $1.30, calls it the ‘fastest growing REIT’ with an inbuilt pipeline
DBS keeps 'buy' on CapitaLand India Trust with raised target price, points to strong pipeline of projects and healthy DPU CAGR.
DBS upgrades iFast to ‘buy’ with higher TP of $9.57 as outlook turns more positive
DBS Group Research analyst Ling Lee Keng has upgraded iFast Corporation to “buy” from “hold” previously as the group’s outlook turns more positive.
Singapore’s economy boosted by Taylor Swift, Coldplay shows; over half of concertgoers ‘likely’ from overseas
The Monetary Authority of Singapore (MAS) noted estimates by private-sector analysts indicating the concerts could have generated tourism receipts of up to S$450 million.
CapitaLand Investment Q1 revenue dips 0.2% to $650 million
The group highlighted higher contributions from Japan, where it added three rental housing properties. Read more at straitstimes.com.
S’pore microchip firms see growth and investment boom as generative AI proliferates
Singapore is poised to emerge as a critical supplier and processing node for semiconductors that can handle the vast computing and memory needs of running generative a ...
Singapore stocks end lower after US market wobbles ahead of inflation data; STI down 0.2%
The cautious mood left the Straits Times Index (STI) down 5.38 points or 0.2 per cent at 3,287.75 with losers beating gainers 311 to 271 across the broader market on trade of 1.5 billion securities ...