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Tag: banking

Posted on 20/07/2023

Singapore’s recent political scandals do not represent political upheavals: OCBC

Despite recent political scandals, Vasu Menon from OCBC Bank says Singapore is "still a good bet", and is sticking to a positive position on the country's economy and markets.

Posted on 20/07/2023

Carbon, clean energy needs underpin Aust-Singapore ties

An investor forum in Singapore is examining ways to support global climate ambitions, sustainable development and a pipeline of Australian renewable energy.

Posted on 20/07/2023

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

The USD 2 billion cutting-edge semiconductor factory is expected to generate over 1000 jobs with upskilling programs to significantly boost the nation's GDP with the support of the Singapore Economic ...

Posted on 20/07/2023

Grab’s digital bank beginning to accept larger deposits in Singapore

Grab Holdings Ltd’s upstart digital bank has started accepting larger deposits in Singapore, suggesting the city-state’s regulator has raised the limit it had previously placed on the company.

Posted on 20/07/2023

What Taylor Swift tells us about Singapore vs Hong Kong

Swift, like Harry Styles and Coldplay, is performing in Singapore but skipping Hong Kong for next year’s international tour. The American pop star — who performed in the Chinese special administrative ...

Posted on 20/07/2023

US alternative manager Ares buys Singapore’s Crescent Point Capital

US alternative investment firm Ares Management Corporation is acquiring Crescent Point Capital, a Singapore-based private equity manager with US$3.8 billion of assets, in a move to capitalise on ...

Posted on 20/07/2023

Singapore bank startups lift deposit caps in sign of opening

Digital bank startups backed by Sea Ltd. and Grab Holdings Ltd. have started accepting larger deposits in Singapore, suggesting the city state s ...

Posted on 19/07/2023

Former GIC chief investment officer Ng Kok Song announces bid to run for President

Ng Kok Song, 75, highlighted his credentials of being involved in building up Singapore’s reserves when he was at GIC and the Monetary Authority of Singapore.

Posted on 19/07/2023

Singapore’s two digital banks opening up to new customers, raising deposit caps to $75,000

GXS Bank, the digital lender backed by Grab and Singtel, has opened up its flagship savings account to new customers on a first-come, first-served basis. It also raised the deposit cap to $75,000 per ...

Posted on 19/07/2023

GXS Bank makes savings account available to all eligible individuals, increases deposit cap to $75,000

SINGAPORE – GXS Bank, the digital lender backed by Grab ... had to limit applications for their savings accounts. Trust Bank – backed by Standard Chartered and FairPrice Group – holds a full bank ...

Posted on 19/07/2023

Will Singapore’s national taxonomy pave the way for a harmonisation of green standards in Asia?

In Asia, where many carbon-intensive industries still operate, there is a huge opportunity for transition financing. The Singapore-Asia Taxonomy is expected to provide clearer definitions for a ...

Posted on 19/07/2023

Former GIC investment chief Ng Kok Song announces bid for Singapore presidential election

"I have never been a political figure – my work has been professional and low-key," said Mr Ng. Read more at straitstimes.com.

Posted on 19/07/2023

Ares Management to buy Singapore private equity firm Crescent Point Capital

SINGAPORE, July 18 (Reuters) - U.S-based alternative investment group Ares Management Corp has agreed to fully acquire Singapore-headquartered private equity firm Crescent Point Capital, according to ...

Posted on 19/07/2023

U.S. investor to acquire Singapore-based Crescent Point Capital

HANOI -- U.S.-based investment manager Ares Management says it has agreed to acquire Singapore-based private equity firm Crescent Point Capital (CPC). The transaction will be primarily comprised of ...

Posted on 19/07/2023

Hiring debarred contractors, transferring official funds to personal bank accounts among lapses flagged by Auditor-General

SINGAPORE - The People’s Association ... One GRO had transferred $707,000 from its bank account to the personal bank accounts of two staff over seven instances, in sums ranging from $10,000 to ...

Posted on 19/07/2023

Future of work’s impact on the economy could stretch beyond the traditional economic metrics: HSBC

The impact of the future of work on the economy could stretch beyond the traditional economic metrics and lead to a number of social changes, according to HSBC global economist James Pomeroy. One ...

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