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Tag: banking

Posted on 12/08/2024

Singapore stocks decline amid shift in interest rate expectations; STI down 0.8%

SINGAPORE stocks fell on Monday (Aug 12) amid a regional rally after intense market volatility last week ... On the other hand, Asian stock markets were in the black. South Korea’s Kospi hiked 1.2 per ...

Posted on 12/08/2024

Card payments in Singapore to grow by 14.3% in 2024, forecasts GlobalData

Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Singapore’s payment card market is innovative and rapidly growing. Efforts from the government, financial authorities, and ...

Posted on 12/08/2024

Pregnant teen admits to opening bank account used to launder over S$145,000 in scam proceeds

SINGAPORE: A 17-year-old girl, who was promised a monthly payment of S$200, opened a bank account in 2021, despite knowing that it would be used to transfer “dirty money”. The teenager’s account was ...

Posted on 12/08/2024

StanChart cutting about 20 jobs in Singapore, London in revamp of lender’s M&A team

Standard Chartered is cutting about 20 jobs across places like London and Singapore as the lender restructures its mergers and acquisitions team by absorbing bankers focused on industry coverage, ...

Posted on 12/08/2024

Minister Indranee Rajah on whether Singapore will consider increasing its current childcare leave provisions

Given Singapore's ongoing efforts to support parents and encourage higher birth rate, Prime Minister and Minister for Finance Lawrence Wong was recently asked in a Parliamentary query if the Finance ...

Posted on 12/08/2024

Pregnant teen admits to opening bank account used to launder over $145k in scam proceeds

SINGAPORE – A 17-year-old girl, who was promised a monthly payment of $200, opened a bank account in 2021, despite knowing that it would be used to transfer “dirty money”. The teenager’s account was ...

Posted on 12/08/2024

A Simple Analysis Of NTUC’s Income Insurance Sale To Allianz

NTUC is selling a majority stake in Income Insurance to Allianz for $2.2 billion - which will value the insurer at around $4.4 billion.

Posted on 12/08/2024

Insurer tries to split S$39,000 bill for ‘questionable’ work injury claim with co-insurer, court rejects bid

The construction worker was covered by two insurance companies, but only one - HSBC Life (Singapore), previously known as AXA Insurance - took part in contesting the claim. After reaching a ...

Posted on 12/08/2024

Pregnant teen admits opening bank account used to launder over $145k in scam proceeds

SINGAPORE – A 17-year-old girl, who was promised a monthly payment of $200, opened a bank account in 2021, despite knowing that it would be used to transfer “dirty money”. The teenager’s account was ...

Posted on 12/08/2024

Singapore stocks fell on Monday’s open—STI dropped 0.3%

In the broader market, there were 86 gainers compared to 46 losers, with 46.2 million securities worth S$89.9 million traded ...

Posted on 12/08/2024

Why living in Singapore is the most expensive in Southeast Asia; Gruelling Johor-Singapore commute revealed in viral video: Singapore live news

Yahoo Singapore is featuring a curated selection of some of the biggest, most important, and fascinating news that's making waves online.

Posted on 12/08/2024

Singapore medtech startup raises US$7 million to expand accessible respiratory care globally

SINGAPORE-BASED digital health company Aevice Health has secured US$7 million in a seed plus round to expand its operations in the US, Japan and Singapore. Read more at The Business Times.

Posted on 12/08/2024

DBS, UOB or OCBC: Which Singapore Bank Should You Pick for Your Investment Portfolio?

We compare the three banks after they released their latest earnings to see which makes the best pick for your portfolio. The post DBS, UOB or OCBC: Which Singapore Bank Should You Pick for Your ...

Posted on 12/08/2024

Malaysia IPOs jump as economy improves and investors return to the stock market

There were 28 initial public offerings on Bursa Malaysia in the first seven months of the year. Read more at straitstimes.com.

Posted on 12/08/2024

Singapore banks keep guard against rate cuts, market volatility in Q2, but expect to remain strong

SINGAPORE banks continue to shore up against market volatility and impending rate cuts, even as their earnings remain ahead of expectations. Read more at The Business Times.

Posted on 11/08/2024

DBS chief Piyush Gupta to step down; Tan Su Shan to take the top job

He will be succeeded by Ms Tan Su Shan, who was appointed on the same day as deputy CEO, in addition to her current role as group head of institutional banking. She will succeed Piyush Gupta as CEO ...

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