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Tag: banking

Posted on 14/09/2023

DBS chief says wealth management business benefiting from inflows

DBS Group's wealth management business has benefited from inflows from across Asia, the Middle East and European regions recently, Chief Executive Piyush Gupta said on Thursday.

Posted on 14/09/2023

MOM officer gets jail for illegally obtaining co-workers’ salary details through ex-colleague from DBS

SINGAPORE: A Ministry of Manpower (MOM) officer who had asked an ex-colleague from DBS Bank to access the salary information of MOM colleagues was jailed for five weeks on Thursday (Sep 14).

Posted on 14/09/2023

Singapore businesses continue to face challenges from elevated wage cost pressures: DBS

This is on the back of a tight labour market spurred by the post-pandemic recovery and competition for talent.

Posted on 14/09/2023

Singapore’s Bayfront prices $410 million infrastructure asset-backed securities

(Reuters) - Singapore-based Bayfront Infrastructure Management has ... it added. Asian Infrastructure Investment Bank (AIIB), one of the world’s largest multilateral development institutions, ...

Posted on 14/09/2023

Tiger Brokers affiliate, Tiger Fund Management, launches in Singapore with $300 mil AUM

Tiger Fund Management will offer asset management products and wealth management services to individuals and businesses.

Posted on 14/09/2023

Singapore’s central bank imposes 9-year ban on Three Arrows founders

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has imposed nine-year prohibition orders on Kyle Davies and Zhu Su, co-founders of the crypto hedge fund Three Arrows Capital (3AC) ...

Posted on 14/09/2023

Singapore Central Bank Bans Zhu, Davies Over Three Arrows

Singapore’s central bank imposed nine-year prohibition orders on Su Zhu and Kyle Davies for transgressions at their collapsed crypto hedge fund Three Arrows Capital.The orders from the city-state’s ...

Posted on 14/09/2023

RIL shares in focus on report Reliance Retail in talks with Gulf, Singapore funds for $1.5 billion investments

Reliance Industries this week said global investment firm KKR, through an affiliate, will invest Rs 2,070 crore into RRVL and increase its stake to 1.42 per cent. The investment valued RRVL at a ...

Posted on 14/09/2023

SGX total securities market down by 2.88% y-o-y to $23.6 bil in August

For the first eight months of the year, the STI’s total return stands at 3.8%. The Singapore stock market saw net institutional inflow of $408 million and net retail inflow of $600 million in August.

Posted on 14/09/2023

Singapore Bourse May Hand Back Wednesday’s Gains

The Singapore stock market has alternated between positive and negative finishes through the last five trading days since the end of ...

Posted on 13/09/2023

Singapore proptech company Simpple prices IPO shares at US$5.25 apiece

PROPTECH company Simpple has priced some 1.6 million ordinary shares for its initial public offering (IPO) at US$5.25 apiece. Read more at The Business Times.

Posted on 13/09/2023

Wealthy here should contribute to society, adhere to Singapore’s norms: DPM Wong

THE wealthy who park their funds in Singapore should contribute to society through taxes and philanthropy, and adhere to the country’s norms against ostentatious displays of wealth, said Deputy Prime ...

Posted on 13/09/2023

SC quashes criminal proceedings against DBS Bank, says allowing prosecution will be travesty of justice

The Supreme Court has quashed criminal proceedings against the DBS bank in a case of alleged misappropriation of fixed deposits, observing that allowing its prosecution will amount to travesty of just ...

Posted on 13/09/2023

Reliance Retail in talks with Gulf, Singapore funds for $1.5-bn investment: Report

Mukesh Ambani-controlled Reliance Retail is reportedly in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for another round of investments ...

Posted on 13/09/2023

Exclusive: India’s Reliance Retail in talks with Gulf, Singapore funds on $1.5 billion injection

India's Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, three ...

Posted on 13/09/2023

Singapore’s Bayfront prices $559m infrastructure asset-backed securities

The Asian Infrastructure Investment Bank (AIIB) participated in the transaction as an anchor investor. Read more at straitstimes.com.

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