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Tag: banking

Posted on 06/07/2024

Is Investing in Gold Bullion and Using Safe Deposit Boxes in Singapore Worth It?

Investing in gold bullion and securing it in secure storage vaults in Singapore has become a consideration for building diversified investment portfolios that can hedge against market volatility and ...

Posted on 06/07/2024

Three tips to avoid buying unsuitable investment products

You should view all your investments seriously as your effort will determine whether you can have a good retirement. Read more at straitstimes.com.

Posted on 06/07/2024

Outstanding banking and finance industry champions crowned at Asian Banking & Finance Awards 2024

Wholesale Banking Awards, Retail Banking Awards, Corporate and Investment Banking Awards, and the inaugural FinTech Awards recognised the industry's top performers for their innovation, dedication, ...

Posted on 06/07/2024

HK fines DBS Bank $1.3M for money laundering breaches

HONG KONG ― The Hong Kong Monetary Authority (HKMA) fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said ...

Posted on 05/07/2024

S’pore draws just one IPO, Malaysia leads South-east Asia listings in first half of 2024

Singapore Institute of Advanced Medicine's US$20m is the smallest amount from an IPO in the region this year. Read more at straitstimes.com.

Posted on 05/07/2024

Hong Kong fines DBS Bank $1.3 M in money laundering scandal

The Hong Kong Monetary Authority has fined DBS Hong Kong HK$10 million for multiple breaches of anti-money laundering laws over a seven-year period.

Posted on 05/07/2024

Singapore to waive registration fee for short-term EV charger use

THE Singapore government is reducing the regulatory burden and lowering costs for businesses by making the application process for licences and regulatory approvals faster and better, said Minister ...

Posted on 05/07/2024

S’pore draws just one IPO, Malaysia leads Southeast Asia listings in first half of 2024

making Singapore the worst-performing market in South-east Asia for initial public offerings (IPO). The dismal result came in spite of intensified efforts to revitalise the Singapore Exchange (SGX), ...

Posted on 05/07/2024

Hong Kong fines DBS Bank $1.3 million for money-laundering breaches

The Hong Kong Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday. The HKMA ...

Posted on 05/07/2024

DBS fined by Hong Kong for violating anti-money laundering rules

DBS Group Holdings was fined HK$10 million (S$1.72 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations. Read more at The ...

Posted on 05/07/2024

Hong Kong fines DBS over breaching anti-money laundering rules

HONG KONG/SINGAPORE, July 5 (Reuters) - The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong's banking regulator for violating ...

Posted on 05/07/2024

4 Reliable Singapore Dividend Stocks That I Never Intend to Sell

Singapore Exchange Limited ... VICOM’s final dividend was reduced from S$0.0332 to S$0.0275 as the group needed to retain cash for a major investment in a new test and inspection centre at Jalan Papan ...

Posted on 05/07/2024

Foxconn plans to invest up to $551mn more in Vietnam as it continue to moves away from China

Foxconn Singapore has been granted a license to invest $551 million in two significant projects aimed at producing smart entertainment products and smart-system equipment in Vietnam’s northern provinc ...

Posted on 05/07/2024

More than 9,800 potential scam victims alerted in joint operation between S’pore police and six banks

SINGAPORE: The police’s Anti-Scam Centre (ASC ... In a statement on Friday (July 5), the police said it partnered with DBS Bank, UOB Bank, OCBC Bank, Standard Chartered Bank, HSBC Bank, and GXS Bank ...

Posted on 05/07/2024

1.5 million Singaporeans to receive up to $850 in cash and up to $450 in MediSave top-ups in August

SINGAPORE: About 1.5 million eligible adult Singaporeans will receive S$450 or S$850 in cash this... The post 1.5 million Singaporeans to receive up to $850 in cash and up to $450 in MediSave top-ups ...

Posted on 05/07/2024

OCBC Securities introduces AI Oscar to support investors through their trading journey better

OCBC Securities has consistently leveraged technology to enhance its trading services. Their latest innovation, AI Oscar, is a virtual trading assistant on the iOCBC platform, offering users ...

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