DBS Group Holdings Ltd.’s exposure to a money laundering scandal in Singapore is about S$100 million ($74 million), mainly from financing properties of those arrested in one of the biggest such cases in the city-state.
Commentary: DBS, Citi outage – it shouldn’t be so easy to bring daily life to a halt
service during the Oct 14, 2023 banking outage that affected DBS and Citibank. New: You can now listen to articles. SINGAPORE: Oct 14 was an otherwise ordinary Saturday afternoon until many in ...
Oct. 14-15 bank service outage: 2.5 million ATM & payment transactions & 810,000 access attempts failed
Approximately 2,500,000 ATM & payment transactions could not be completed, and 810,000 attempts to access DBS and Citibank's digital banking platforms failed from Oct. 14, 2023, to Oct. 15, 2023, when ...
Singapore’s Marina Bay Sands says data of 665,000 customers hacked by ‘unknown third party’
The luxury resort’s shopping loyalty programme was hacked on October 19 and 20, but there was ‘no evidence’ the data was misused.
Singapore: Retail Sales lose momentum in September – UOB
UOB Group’s Senior Economist at UOB Group Alvin Liew and Associate Economist Jester Koh comment on the release of Retail Sales figures in Singapore.
Shein reportedly seeks $90 billion valuation in IPO
Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 ...
OCBC digital banking, PayNow services restored
OCBC's digital banking services and its PayNow platform were reportedly down on Tuesday afternoon (7 November), with some customers reporting that they were unable to use these services. In a Facebook ...
DBS and Citibank outage affects 2.5 million payments, 810,000 digital banking attempts
As a result of the banking disruptions in Oct, MAS has paused DBS from making any non-essential IT changes, acquiring new business ventures, or reducing the size of its branch or ATM networks in Singa
Shein targets up to US$90 billion valuation in US IPO, sources say
In private trades, Shein’s valuation has dropped below the US$66 billion it got in a funding round in May. Read more at straitstimes.com.
OCBC digital banking and payment services down; bank says there appears to be ‘intermittent slowness’
SINGAPORE: Some customers were unable to use OCBC's app and PayNow service on Tuesday (Nov 7), with the bank citing "intermittent slowness". OCBC acknowledged the issue on its app in a notice on its ...
Singapore shares fall at Tuesday’s open; STI down 0.8%
SINGAPORE shares struggled to advance at Tuesday’s (Nov 7) open as banks and other index counters started the morning trading session in the red. Read more at The Business Times.
Singapore Shares Due For Profit Taking On Tuesday
The Singapore stock market has moved higher in six straight sessions, collecting more than 115 points or 4 percent along the way. The ...
IPO Roundup: Hamilton Insurance Group, Shimmick and more
The IPO market has experienced a rollercoaster ride in recent ... expected to price between $8-$10 per share. Description: Singapore-based consulting firm. Elate Group (ELGP) is raising up to $5.8M at ...
“Singapore: Not as expensive as you think if you know where to look” — SG FREE spots to visit without breaking the bank
Nick and Helmi are foodies and travel vloggers. In a recent video, they shared a list of places their viewers can visit in Singapore without spending anything. “Cause if you look at the right experiences, it won’t break your bank. So let me show you six free spots you can visit on your next trip ...
2.5 million transactions affected by recent DBS, Citibank outages; 810,000 login attempts failed
The outages were caused by a fault in the cooling system of an Equinix data centre used by both banks. Read more at straitstimes.com.
Singapore says 2.5 mil transactions failed in DBS, Citi outage
Up to 810,000 attempts to access both digital banking platforms were estimated to have failed during the Oct 14 disruption ...