Optimism over further dividend payouts coupled with elevated Federal Reserve interest rates hopes are helping push Singapore bank shares to fresh highs. “Clients are rotating to play the ...
Weapons finance scrutiny to be part of Singapore casino AML
Singapore’s parliament gave a first reading on Tuesday to a bill that will – among other things – amend the city-state’s Casino Control Act to tighten requirements for casino operators to conduct ...
SG banks turn to upskilling as hiring sentiments turn ‘cautious’
Roles related to wealth advisory and anti-ML and fraud are most in demand. The number of bankers and staff employed by Singapore banks mostly remained at the same level as in 2022, although most ...
Singapore banks continue ascent on Wednesday; DBS, OCBC chart new territory
AFTER setting fresh records the day before, Singapore’s banks maintained their rising trajectory with DBS and OCBC soaring to unprecedented highs on Wednesday (Jul 3) morning. Read more at The ...
Paxos approved by MAS for DPTservices; names DBS as primary banking partner
The approval marks Singapore as the third market where Paxos and its related entities are authorised to issue stablecoin.
No profit, no problem: Singapore’s digital banks in six charts
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Singapore Gov’t Should Not Interfere in GIC Investments, Says Minister
The Singapore government should not direct or interfere with sovereign wealth fund GIC’s investment decisions, emphasised Chee Hong Tat.
HSBC curbs hiring, reins in banker travel in cost-cutting push
Era of stubbornly high interest rates that fueled the profits of large banks coming to an end. Read more at straitstimes.com.
DBS boosts digital asset push with first stablecoin tie-up
The move comes amid Singapore’s efforts to promote productive uses of underlying blockchain technology. Read more at straitstimes.com.
Singapore digital banks face down ticking clock
TIME flies and it has already been four years since the digital retail banks in Singapore made a modest splash with their launch on the banking scene. With the initial hype behind them, both GXS bank ...
Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report
The largest bank in Singapore is partnering with a major stablecoin issuer to offer a new crypto custody service.
Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...
Indranee Rajah on Bills to strengthen Singapore’s anti-money laundering regime
Corporate service providers (CSPs) support companies in a range of key activities. They therefore serve as “gatekeepers” against the misuse of companies and are regulated by the Accounting and ...
New Singapore law quadruples fines for corporate service providers that breach anti-money laundering duties
The new law will require all businesses that provide corporate services to register with ACRA, even if they do not transact with the authority.
UOB confident to “contribute meaningfully” to Johor-Singapore Special Economic Zone development
"With UOB’s extensive regional network... we are well positioned to support business growth in Singapore, Malaysia, and across the region." — UOB ...
Paxos gains approval for Singapore stablecoin launch with DBS partnership
Paxos has received regulatory approval from the Monetary Authority of Singapore to launch a stablecoin, partnering with Southeast Asia’s largest bank, DBS, for banking services. This marks Paxos’ ...