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Tag: banking

Posted on 22/12/2023

Former Swiss banker admits helping wealthy US taxpayers hide assets in Singapore and elsewhere

Rolf Schnellmann, the former head of Allied Finance Trust, is one of six people charged in September 2021. Read more at straitstimes.com.

Posted on 22/12/2023

SGX Dividend Opportunity: Oversea-Chinese Banking Corp. Offers Impressive Yield

Chinese Banking Corp. Ltd. (SG:O39) is a financial and banking services conglomerate that offers an attractive dividend yield of 6.25%. Popularly known as OCBC, the stock is an attractive choice for ...

Posted on 22/12/2023

Programmable or ‘purpose-bound’ money is coming, probably as a feature in central bank digital currencies

Interview As the tide of enthusiasm for cryptocurrency ebbs, new forms of digital currency are emerging, including something called purpose bound money (PBM) – digibucks that can only be spent in ...

Posted on 22/12/2023

Singapore IPO climate to look up in 2024, but observers mixed on return of Reits, Spacs

SINGAPORE’S initial public offering (IPO) activity is expected to pick up in 2024, as interest rates fall and stock market valuations improve. Read more at The Business Times.

Posted on 22/12/2023

Woman harvested bank accounts that syndicates used to transfer S$3 million from 1,000 victims

Together with her acquaintances, Heng Pei Jing also attempted to "hijack" scam proceeds from a Malaysian scam syndicate, but the sum of about S$54,000 they obtained was frozen by the police.

Posted on 22/12/2023

Singapore’s OCBC to launch $500m decarbonization fund

TOKYO -- Singaporean lender Oversea-Chinese Banking Corp. will create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia, joined by an investment company ...

Posted on 22/12/2023

Singapore could make data centers and clouds “critical infrastructure”

The Cybersecurity Agency of Singapore (CSA) currently lists energy, water, banking and finance, healthcare, land transport, maritime, aviation, government, infocomm, media, and security and emergency ...

Posted on 21/12/2023

Singapore owner Kim Heng sacks manager suspected of corruption

Singapore offshore shipowner Kim Heng said on Thursday it had sacked a manager at a subsidiary on suspicion of corrupt dealings. The company discovered and investigated “anomalies” relating to ...

Posted on 21/12/2023

IPO Hopes Rise for New Year After Fed’s Early Holiday Gift

LONDON (Reuters) - Bankers advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings after the U.S. Federal Reserve signalled it may ...

Posted on 21/12/2023

Woman harvested bank accounts that syndicates used to transfer $3 million from 1,000 victims

Together with her acquaintances, Heng Pei Jing also attempted to "hijack" scam proceeds from a Malaysian scam syndicate, but the sum of about S$54,000 they obtained was frozen by the police.

Posted on 21/12/2023

OCBC sees possible recovery in property stocks and REITs ahead of anticipated end to rate hike cycle

Within the Singapore market, analyst Carmen Lee's top picks include a mix of banks, REITs, real estate stocks and telcos.

Posted on 21/12/2023

Global IPO hopes rise for new year after Fed’s early holiday gift

BANKERS advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings (IPOs), after the US Federal Reserve signalled that it may start ...

Posted on 21/12/2023

4 Singapore Blue-Chip Stocks I Will Buy with S$40,000

If you have S$40,000 to spare, here are four promising blue-chip stocks you can buy. The post 4 Singapore Blue-Chip Stocks I Will Buy with S$40,000 appeared first on The Smart Investor.

Posted on 21/12/2023

Singapore’s NODX to push past official 2024 forecast, UOB

Base effects relied on for NODX recovery Singapore is poised to expand its non-oil domestic exports (NODX) above the official growth forecast for next year, largely due to low base effects, according ...

Posted on 21/12/2023

UOB employee who saved customer from losing $500,000 in love scam among those recognised by bank

The customer said she needed the money for her husband, who was critically ill. Read more at straitstimes.com.

Posted on 21/12/2023

8 Startup IPO Predictions For 2024

New-Age Tech IPOs: 2024 has a healthy pipeline; at least 10 listings expected. General elections to play a key role in deciding the timeline ...

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