Singapore’s central bank has directed financial institutions to review any relationships with individuals tied to a money laundering scandal involving over S$1.8 billion ($1.3 billion) of assets.
New security feature on OCBC app has prevented loss of S$2 million
THE anti-malware security feature on the OCBC Digital app has prevented scammers from making away with more than S$2 million since its launch on Aug 5. Read more at The Business Times.
Interest Rates and Returns for Singapore Savings Bonds (SSB) in September 2023
In recent months, the interest rate and therefore returns of the Singapore Savings Bond (SSB) have been at record highs. Should you buy the SSB? Read on as we delve deeper into the Singapore Savings ...
IPO-bound Ola Electric raises $140 mn from Temasek-led funding round at $5.4-bn valuation: Report
While Temasek is infusing around $90 million, the firm will raise the remaining amount from family offices. This is part of the ongoing round wherein Ola Electric is planning to raise up to $250 ...
More identification of people behind decentralised finance activities needed: Watchdog
An international watchdog has called on regulators around the world to identify the entities responsible for decentralised finance (DeFi) activities and in turn throw more light on an often murky ...
Ola Electric receives $140 million funding from Singapore state investor Temasek
Singapore state investor Temasek has invested $140 million in Ola Electric Mobility Pvt. Ltd as a part of the ongoing round to raise $250 million, sources informed CNBC-TV18. This comes after Reliance ...
Australian Billionaire Wants Submarine Cable to Export Solar Power to Singapore and Beyond
SunCable could help Asia’s fossil-fuel dominated economies—particularly those with limited space for solar and wind farms—switch to cleaner electricity sources.
New security feature on OCBC banking app prevents loss of S$2 million
THE anti-malware security feature on the OCBC Digital app has prevented scammers from making away more than S$2 million since its launch on Aug 5. Read more at The Business Times.
OCBC’s Anti-Malware Feature Foiled All Scam Attempts Since August Launch
OCBC said its anti-malware security feature has prevented scammers from stealing more than S$2 million from more than 30 customers.
At least $2m in savings prevented from being stolen in malware attacks after OCBC app security update
No losses from malware scams reported by customers since updated version of OCBC banking app. Read more at straitstimes.com.
Australian Billionaire Cannon-Brookes Says $13 Billion Singapore Solar Project Is Viable
SYDNEY (Reuters) - Australian billionaire Mike Cannon-Brookes on Thursday stood by the economics of a plan to ship energy from a giant solar farm in the country's north to Singapore via undersea cable ...
Continued Consolidation Predicted For Singapore Stock Market
The Singapore stock market has moved lower in consecutive trading days, slumping more than 15 points or 0.5 percent along the way.
IPO-Bound Ola Electric Bags $140 Mn At $5.4 Bn Valuation From Temasek, Others
Ola Electric has signed an agreement to raise $140 in a funding round led by Temasek with participation from other existing investors.
$1.8b money laundering case: Company set up so wife of accused could get work pass
The company owned by the wife of one of the accused in the $1.8 billion money laundering case was set up so that she could get an employment pass (EP) here. This was revealed by Mr Seah Li Hao, a ...
2 men in billion-dollar money laundering case denied bail after judge deems them ‘high flight risk’
SINGAPORE: Two men involved in a massive S$1.8 billion money laundering case in Singapore were denied bail on Wednesday (Sep 6) after a judge found them flight risks.
Billionaire Wee Cho Yaw’s United Overseas Bank Doubles Down On Retail Expansion And Digital Play
Buoyed by the acquisition of Citibank’s retail franchises in the region, UOB is building a new tech hub in Singapore.