The Singapore National Stadium will play host to the much-anticipated seventh and final regular season round of the HSBC SVNS 2024 from 3-5 May, ...
Singapore bank DBS’ first-quarter net profit rises 15% on year to record high
DBS Group , Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total ...
Curb on DBS’ non-essential banking activities ends
The Monetary Authority of Singapore (MAS) has said it will not extend a six-month restriction on DBS Bank’s non-essential banking activities past April 30.
More than S$370,000 recovered after banks, Singapore and Hong Kong police foil scam
The 70-year-old victim divulged his bank credentials to a scammer after being told his computer had been hacked and his bank accounts were used for illegal activities.
HSBC’s Noel Quinn ends 37-year CEO dream with surprise departure
Unlike some rival CEOs at companies that have private jets, Quinn often flies commercial for his regular trips.
MAS will not extend six-month pause on DBS’ non-essential activities
SINGAPORE: The Monetary Authority of Singapore (MAS) will not extend the six-month pause on non-essential activities that it imposed on DBS after the bank's multiple service disruptions in 2023.
OCBC should be seen as ‘financial conglomerate’ unlike local banking peers, says chairman
OCBC should be seen as a financial conglomerate of many parts, setting it apart from the other two local banks in Singapore, said its chairman Andrew Lee. Read more at The Business Times.
DBS must still hold additional capital buffer due to service disruptions despite ‘progress’: MAS
SINGAPORE - The Monetary Authority of Singapore (MAS) will not extend a six-month restriction on DBS Bank’s non-essential banking activities, which was imposed due to disruptions to the bank’s ...
Amid losses and IPO delays, Ninja Van conducts layoffs in tech office
Regional logistics firm Ninja Van has announced a bout of layoffs. It has let go of 21 employees from its tech division in Singapore, representing about 10% of the regional tech team and 20% of the ...
Malacca Securities sets Farm Price’s fair value at 85% premium ahead of IPO
Malacca Securities has ascribed a fair value of 44.5 sen per share for Farm Price Holdings Bhd, which marks a premium 85% from its initial public offering (IPO) price.
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their results for the year, said ...
Singapore Stock Market May Open To The Upside
(RTTNews) - The Singapore stock market on Monday ended the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,280-point plateau ...
Jail for ex-Chubbs Insurance employee who cheated company into disbursing S$11m in false claims over 7 years
For seven years, a senior claims executive at Chubbs Insurance executed what a judge described as an “elaborate scheme” to cheat his employer into disbursing over S$10.74 million in fraudulent claims.
EWS: Singapore Yields Up To 7% But Remains Relatively Unattractive
Amid renewed volatility for Southeast Asian stocks, Singapore has once again proven its defensiveness. Read more to see our analysis on EWS ETF.
Singapore’s S$3bil (RM10.5bil) money laundering case: Fourth man gets 14 months’ jail
Su Baolin, one of the 10 foreigners in Singapore’s largest money laundering case, made millions from his role in illegal online gambling operations abroad, said prosecutors.
Singapore bankers took lower salaries and bonuses compared to Hong Kong bankers
Singapore bankers received lower salaries and bonuses than their Hong Kong peers.... The post Singapore bankers took lower salaries and bonuses compared to Hong Kong bankers appeared first on The Inde ...