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Tag: banking

Posted on 10/07/2024

Encouraging shareholder activism may help Singapore’s stock market

REVIEWS of shareholder activism are mixed, but in a market such as Singapore, more of such activity could be worth encouraging. Read more at The Business Times.

Posted on 10/07/2024

Singapore’s revamped anti-money laundering measures frustrate wealthy Chinese enough to leave for Hong Kong

SINGAPORE: Hong Kong is drawing high-net-worth individuals (HNWIs) from mainland China, a significant reversal from... The post Singapore’s revamped anti-money laundering measures frustrate wealthy Ch ...

Posted on 10/07/2024

Shanghai, Singapore deepen finance, digital economy cooperation

The 5th meeting of the Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) was held in Shanghai on Tuesday, aiming to deepen cooperation between Singapore and Shanghai in various fields ...

Posted on 10/07/2024

While Singapore scrutinises, Hong Kong wins back wealthy Chinese

It's a shift from the pandemic years when Hong Kong's strict quarantine and political upheaval led many to flock to Singapore Hong Kong is winning back wealthy Chinese by rolling out the red carpet ...

Posted on 10/07/2024

Banks in Singapore to phase out login OTPs for digital token users

Major banks in Singapore will phase out the use of one-time passwords (OTPs) for bank account logins by customers who are digital token users.

Posted on 10/07/2024

HSBC fined S$4.15M for offering incentives to unregistered intermediaries in MPF scheme

The MPFA highlighted that HSBC's actions “did not comply” with the Mandatory Provident Fund Schemes Ordinance's conduct requirements ...

Posted on 10/07/2024

P1-B moved from foreign banks to poll exec’s offshore accounts – Marcoleta

At least P1 billion worth of funds were transferred from different banks, including those based in South Korea, to 49 offshore accounts supposedly linked to a ...

Posted on 10/07/2024

DBS CEO says Trump will be open to cutting deals, which could suit China

SINGAPORE: DBS CEO Piyush Gupta said on Tuesday (Jul 9) that US presidential candidate Donald Trump, if he wins, would be open to cutting deals, which could suit China. Gupta, who made the comments in ...

Posted on 09/07/2024

With The Stock Down 14% Year, Will Strong Singapore Business Drive LVS Stock Higher Post Q2?

Las Vegas Sands is expected to publish its Q2 2024 results around mid-July. We expect revenues to come in around $2.85 billion, about 11% higher than last year and..

Posted on 09/07/2024

Singapore stocks rally in tandem with most regional markets; STI closes 0.6% higher

SINGAPORE - The Straits Times Index (STI), cued by record-high closings on Wall Street overnight, rose 21.62 points or 0.6 per cent to 3,426.09 on July 9. The S&P 500 and Nasdaq closed 0.1 per cent ...

Posted on 09/07/2024

DBS CEO says bank hunting for bolt-on deals, not game-changing ones

DBS Group is looking for bolt-on acquisitions that would support its geographic and business strategy but has ruled out making a major buy to save itself from distraction, Piyush Gupta, CEO of the ...

Posted on 09/07/2024

Bank Negara likely to leep OPR at 3% on Thursday – StanChart Singapore

StanChart Singapore said it will also monitor changes in BNM’s assessment of the ringgit after the central bank said in a note in May that "the ringgit currently does not reflect Malaysia’s economic ...

Posted on 09/07/2024

BNM LIKELY TO KEEP OPR AT 3.0 PCT ON THURSDAY — STANCHART SINGAPORE

says Standard Chartered Bank (Singapore) Ltd (StanChart Singapore). However, the bank said it will watch for any tweaks to BNM’s inflation outlook given the diesel subsidy rationalisation, which was ...

Posted on 09/07/2024

OCBC unveils financial programme for SG’s 36,000 property agents

It offers preferential home rates and bonus interest, amongst others. OCBC has launched OCBC PartnerCare, a financial and personal wellness programme aimed for the financial needs of property agents ...

Posted on 09/07/2024

REUTERS NEXT-DBS CEO says Trump will be open to cutting deals, which could suit China

SINGAPORE (Reuters) -Singapore bank DBS Group's CEO Piyush Gupta said on Tuesday U.S. presidential candidate Donald Trump, if he wins, would be open to cutting deals, which could suit China. Gupta, ...

Posted on 09/07/2024

Singapore Says Yes to Edible Insects in Boost to Food Security

(Bloomberg) -- Certain types of grasshoppers, moths and crickets could be appearing on Singapore’s supermarket shelves and restaurant tables after the government approved the import of insects and ...

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