A total of 311 men and 133 women are being investigated for suspected involvement in over 1,400 cases of scams as scammers or money mules, the police said on Friday (Dec 30).
Singapore sentences stock market manipulator to 36 years in jail
Singapore’s High Court has sentenced the masterminds behind the country’s largest stock market manipulation to decades in jail, according to a joint statement on Wednesday from the Attorney-General’s ...
Interest rates, advance & late payment fees increasing for HSBC & Maybank credit cards
At a time when everything, it seems, is going up, maybe it shouldn’t be surprising that some banks are raising credit card fees and rates as well.
United Overseas Bank: Crossing The Right Boxes
United Overseas Bank is one of Singapore's 'big three' banks, which also has exposure to wider Southeast Asia. See why I'm bullish on this stock.
Analysts see mixed picture for stock markets in 2023, with things looking up in second half
SINGAPORE - Recession and its impact on corporate earnings will likely occupy the minds of investors through much of 2023, just as inflation, interest rates and the war in Ukraine took centre stage ...
Singapore-based edtech IMMRSIV files for $17M US IPO
Singapore-based edtech IMMRSIV (IMSV) has filed for a proposed $17M US initial public offering. Read more here.
Grandmother and grandson tussle over assets, judge dismisses both sides’ claims
The mother of a divorced man who died without a will sued her grandson to lay claim over her son’s assets, including a $450,000 Housing Board flat in Tanjong Pagar. Madam Rasalingam Letchumee, 82, ...
Inflation in Singapore will probably stay high in the first few quarters of 2023, UOB says
Too funny! Elaine Chao, who worked as the Transportation Secretary in the Trump administration, says she will not respond to former President Donald Trump calling her a racist name. Witnesses in ...
3 men to be charged with money laundering offences, with one case involving over S$5 million
SINGAPORE — Three men aged 23 to 28 will be charged in court on Friday (Dec 30) with money laundering offences in relation to two different scams. According to a statement released by the police on ...
Maid steals ATM card from 75-year-old employer; withdraws S$14,000+ from savings account
The helper stole the ATM card and sent it to her friend, who withdrew over S$14,000. The helper then made four unauthorised withdrawals herself from the employer's POSB savings account.
Credit card interest rates and fees going up at some banks in Singapore
The rising interest rate environment has seen banks making multiple revisions to home loan rates this year. Now, some lenders are raising interest charges and fees for credit cards.
Malaysian Businessman Gets 36 Years In Singapore Jail For RM26 Billion Penny Stock Crash
John Soh Chee Wen, a 63-year-old prominent Malaysian businessman, is the mastermind of a scheme that led to the largest market manipulation in Singapore.
Biz Buzz: Best of the best
In the world of Philippine business a few generations ago, to work for the local unit of the financial giant that was once called Citibank N.A. was an opportunity to learn from and be trained by the ...
Petronas, Sembcorp, JSW Neo to vie for Continuum
The deal to buy Continuum Green Energy (India), a clean energy platform founded by Arvind Bansal and Vikash Saraf in 2009. may have an enterprise value of $1.5 billion.
Chinese tourists remain key to full recovery of Asean region’s tourism sector: DBS
Signs of a slowdown in electronics/ semiconductors from South Korea and Taiwan are less than comforting.” Over the medium-term, Asean looks set to make continued progress in trade integration with the ...
DBS makes key leadership changes for institutional banking business
Joyce Tee, now group head of SME banking, to head the institutional banking group for DBS China. Read more at straitstimes.com.