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Tag: banking

Posted on 26/06/2024

OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside

Among OCBC Investment Research’s table of 14 “selective stock investment ideas”, two are not STI constituents.

Posted on 26/06/2024

Singapore stocks inch up on June 26 as May factory output beats forecasts

SINGAPORE – Investors latched on to news that Singapore’s factory output beat forecasts in May to nudge local shares higher on June 26. The benchmark Straits Times Index (STI) rose 0.2 per cent or ...

Posted on 26/06/2024

Challenges to Singapore’s semiconductor surge: high costs, limited space and regional rivalries

Singapore is attracting major semiconductor investments, thanks to its strong labor force, advanced research capabilities, and solid manufacturing infrastructure.

Posted on 26/06/2024

Its advantage Singapore over Cayman Islands under new RBI rules

Singapore is set to emerge as the preferred jurisdiction over the current favourite Cayman Islands for outward remittances following the recent relaxation in rules by the Reserve Bank of India (RBI), ...

Posted on 26/06/2024

Asset recovery a priority in Singapore’s national anti-money laundering regime: PM Wong

said the Finance and Home Affairs ministries and the Monetary Authority of Singapore in a joint statement on June 26. The CPC empowers the authorities to order any individual or entity to produce ...

Posted on 26/06/2024

Singapore announces seizing over $4 billion in dirty money since 2019

Prime Minister Lawrence Wong said he was determined to 'safeguard Singapore's reputation as a trusted financial center,' after a dirty money scandal marred the Southeast Asian country's reputation ...

Posted on 26/06/2024

Determined to respond to financial crime risks: Singapore PM Wong

Singapore published a national asset recovery strategy report as part of its efforts to enhance its anti-money laundering ...

Posted on 26/06/2024

Singapore’s anti-money laundering efforts led to seizure of S$6bil in criminal proceeds since 2019

said the Finance and Home Affairs ministries and the Monetary Authority of Singapore in a joint statement on June 26. The CPC empowers the authorities to order any individual or entity to produce ...

Posted on 26/06/2024

Singapore unveils asset recovery strategy to protect its financial crown jewel

The city state is determined to combat money laundering and terrorism financing to safeguard its reputation, PM Lawrence Wong said.

Posted on 26/06/2024

Lessons from S$3b money laundering case will strengthen Singapore’s approach to tackling threat: PM Wong

In his first comments on the case since it concluded, Mr Wong, who is also Finance Minister, said: “Our approach has enabled us to take quick and strong enforcement action against criminals who try to ...

Posted on 26/06/2024

Changi Business Park, International Business Park ‘hollowing out’ but UOBKH still likes these two S-REITs

Occupancy for Singapore’s business parks has languished, falling 8.0 percentage points to 79.1% over the past three years.

Posted on 26/06/2024

Singapore shares began muted on Wednesday—STI slightly down by 0.04%

SINGAPORE: Singapore shares began muted on Wednesday, June 26, following a mixed outcome in US equities overnight and negative results in European markets. The Business Times reported that the Straits ...

Posted on 26/06/2024

Singapore to strengthen laws on asset recovery to beef up anti-money laundering regime

according to a report detailing Singapore’s national asset recovery strategy. Such assets may include luxury items such as fine art, antiques, investment-grade wine, vessels, and animal livestock like ...

Posted on 26/06/2024

30 Wealthiest People in Singapore

According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024.

Posted on 26/06/2024

Share Prices of These 4 Singapore Stocks Are Hitting Their 52-Week Highs: Can They Continue Their Run?

These four Singapore stocks are seeing their share prices shooting up, but can they continue to do so? The post Share Prices of These 4 Singapore Stocks Are Hitting Their 52-Week Highs: Can They ...

Posted on 26/06/2024

Analysis-Singapore Port Congestion Shows Global Ripple Impact of Red Sea Attacks

Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. Ships with a total capacity of over 2.4 ...

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