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Tag: banking

Posted on 15/05/2024

$3b money laundering case: Man gets jail, forfeits highest amount of assets seized

Vang Shuiming, 43, was sentenced to 13 months and six weeks’ jail after pleading guilty on May 14 to two counts of money laundering and one count of submitting a forged document to a bank. Nineteen ...

Posted on 15/05/2024

Singapore E-Commerce Giant Sea Is Up After Topping Estimates

Shares of Sea Ltd. jumped after the Southeast Asia e-commerce giant reported first-quarter earnings that exceeded analysts’ estimates, a sign that it has been successfully navigating fierce ...

Posted on 15/05/2024

HSBC launches life insurance protection with investment plan, targeting high & ultra-high net worth individuals

SINGAPORE: HSBC Life Singapore launches its latest offering, the HSBC Life Diamond Prestige IUL, aimed... The post HSBC launches life insurance protection with investment plan, targeting high & ultra- ...

Posted on 14/05/2024

Billionaire Wee Family’s UOL Offers Top Bid Of $595 Million For Prime Singapore Site

A consortium led by billionaire Wee family's UOL Group submitted the top bid of $595 million for a prime site in the western Singapore town of Holland Village.

Posted on 14/05/2024

Deutsche Bank joins Singapore’s asset tokenization project

Deutsche Bank will test an interoperable blockchain platform as part of its new role in Singapore’s tokenization and DeFi project, Project Guardian.

Posted on 14/05/2024

OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?

OCBC has made an offer for insurer Great Eastern Holdings. Will this move benefit the lender? The post OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors? appeared ...

Posted on 14/05/2024

Best Bank Offers in Singapore (May 2024): $158 Singapore Airlines Flights, Win $12,000 NTUC shopping vouchers, and More

but you could stand to win up to $33,000 if you take part in the 43rd UOB Painting of the Year competition. Open to all Singapore Citizens and Singapore Permanent Residents, whether you're an ...

Posted on 14/05/2024

Singapore’s Sea Tops Estimates as Online Shoppers Spend More

The stock jumped 7% in pre-market trading after the Singapore-based internet firm posted adjusted earnings before interest, taxes, depreciation and amortization of $401 million. While that’s a 21% ...

Posted on 14/05/2024

HSBC Life Singapore unveils universal life plan for affluent clients

It offers both life insurance and investments. HSBC Life Singapore has launched HSBC Life Diamond Prestige IUL, an indexed universal life plan for the affluent segment. It offers both life insurance ...

Posted on 14/05/2024

S$3bil money laundering case: Man jailed 13 months, 6 weeks, forfeits highest amount of assets seized

SINGAPORE: The accused in Singapore’s S$3 billion money laundering case, who faces the most number of charges, has also forfeited the most amount of assets seized to the state.

Posted on 14/05/2024

CIMB Singapore offers 3.55% p.a. rate on new SGD business fixed deposit accounts

CIMB Singapore says the fixed deposit account is one of the highest interest-bearing business accounts available in the market.

Posted on 14/05/2024

Monetary Authority of Singapore (MAS) to deliver keynote at ILS Asia 2024

With our ILS Asia 2024 conference in Singapore being held in less than two months, on July 11th, we are now delighted to announce that the Monetary ...

Posted on 14/05/2024

CIMB Singapore offers high interest rate of 3.55%* per annum on new CIMB Business Fixed Deposit accounts

SINGAPORE, May 14, 2024 /PRNewswire/ -- CIMB Singapore is offering a limited-time interest rate of 3.55%* per annum on a 3-month SGD Fixed Deposit for all new business customers, or 5.10%* p.a. on a 3 ...

Posted on 14/05/2024

Singapore stocks opened steady on Tuesday—STI up by 0.01%

SINGAPORE: Singapore stocks opened steady on Tuesday morning, reflecting global market sentiment as investors awaited... The post Singapore stocks opened steady on Tuesday—STI up by 0.01% appeared fir ...

Posted on 14/05/2024

Singapore PM-designate Lawrence Wong keeps old guard in reshuffle

Wong picked Trade Minister Gan Kim Yong as his deputy, keeping the Cabinet of outgoing leader Lee Hsien Loong largely intact.

Posted on 14/05/2024

HSBC unveils new universal life plan targeting high and ultra high net worth individuals

HSBC says that the HSBC Life Diamond Prestige IUL’s index account offers customers higher returns from the global equity market.

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