What the tiny but wealthy island city-state of Singapore does will be keenly watched by other populous coastal cities such as Bangkok, Miami, New York, and Shanghai.
Singapore Banks Tighten Procedures After $2 Billion Money Laundering Scandal
The New Terrain for Banking in Singapore Banks such as OCBC, Citigroup, and UOB are now demanding additional documents to verify the sources of wealth of their clients. This has significantly ...
SGX Stocks: UOB Kay Hian Bullish on Mapletree Industrial and Keppel REIT
The brokerage firm UOB Kay Hian expressed its bullish views on the SGX-listed companies Mapletree Industrial Trust (SG:ME8U) and Keppel REIT ...
Woman in SG loses RM343,251 after downloading third-party app to sell pre-loved kitchen appliances
A 68-year-old woman lost over S$72,500 (RM343,251) from her POSB bank account in 15 minutes after she downloaded a third-party app in a bid to sell her pre-loved kitchen appliances online.
Gone in 15 minutes: Woman loses over $72k after downloading app to sell pre-loved kitchen appliances
SINGAPORE – A 68-year-old woman lost over $72,500 from her POSB bank account in 15 minutes after she downloaded a third-party app in a bid to sell her pre-loved kitchen appliances online. What she had ...
DBS, OCBC maintains oil forecast of above US$85/bbl and US$90/bbl respectively with upside bias following Gaza conflict
Unless the conflict reaches a much bigger scale involving multiple parties, DBS believes US$100/bbl levels are unsustainable.
Singapore is more prone to sea-level rise than ‘virtually any country’ on Earth. So what’s being done about it?
Roughly one-third of the city state is less than five metres above sea level, making it more susceptible to sea-level rise ‘than virtually any country in the world’, observers say.
Singapore Shares May Rebound On Tuesday
The Singapore stock market on Monday snapped the two-day winning streak in which it had risen more than 25 points or 0.8 percent. The Straits Times Index now sits just above the 3,165-point plateau ...
Growing interest in overseas listings among companies in Asia, including Singapore
This comes even as initiatives have been taken by local bourses to entice firms to list on them. Read more at straitstimes.com.
Singapore banks sharpen scrutiny after $2.8b money laundering probe: Sources
SINGAPORE - Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts in some cases, sources said, as procedures tighten after the financial hub’s ...
SG’s outbound investment drops 36.4% QoQ in 3Q23
Year-on-year, outbound investment declined 62%. Singapore’s outbound investment fell to $2.7b in 3Q23, data from Real Capital Analytics showed. The 3Q23 figure translates to a 36.4% QoQ and 63% YoY ...
Explained: Why the Singapore dollar is so strong against the ringgit
The ringgit and the Singapore dollar were once at par and freely interchangeable. That ended in 1973. Since then, the value of the ringgit has sunk, reaching a new low in June of RM3.4384 to one ...
IPO Roundup: WeBuy Global, Birkenstock Holding and more
The IPO market revived in 3Q23, with 30 firms going public and raising a total of $7.8B, which was greater than the total proceeds generated in 2022. Arm (NASDAQ:ARM) dominated the quarter, raising $4 ...
Singapore-based FII buys stake in multibagger stock Balu Forge despite 250% YTD rally
Apart from Ashish Kacholia, another value investor Vanaja Sundar Iyer also bought stake in this multibagger stock. Vanaja Sundar Iyer bought 18,00,000 shares of Balu Forge Industries, which is 1.80 ...
Malaysia’s OMS puts $300 million IPO on hold -sources
Malaysian telecommunications infrastructure group OMS has put its plan to list on hold due to unfavourable market conditions, two sources with knowledge of the matter said.
Citi Sells China Consumer Business To HSBC As British Bank Doubles Down On Asia
Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 ...