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Tag: banking

Posted on 25/10/2025

DBS predicts SGD to equal USD by 2040 & GDP to double in size

In a new report, DBS Group Research predicts that the Singapore dollar (SGD) exchange rate against the USD is expected to reach 1 to 1 before 2040, according to Reuters . The bank also expects ...

Posted on 25/10/2025

Singapore, China to establish national green and digital shipping corridor; pledge to deepen ties

SINGAPORE - Singapore and China have agreed to work together to decarbonise and digitalise shipping routes between the two countries, with the establishment of a national green and digital shipping ...

Posted on 25/10/2025

Eight dual-use pickleball courts to open at the Singapore Sports Hub from January 2026

This is part of a new pickleball programme launched by the OCBC Group and Kallang Alive Sport Management. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 25/10/2025

How UOB’s Wee Ee Cheong is planting the seeds for the next 90 years

The UOB CEO talks succession, acquisitions and the importance of preserving the bank's cultural 'trunk' - just like his beloved bonsai Wee Ee Cheong leans back in his chair in the boardroom of UOB ...

Posted on 25/10/2025

Ex-Citibank Manager Jailed 24 Months Over Role in S$3 Billion Money Laundering Scandal in Singapore

Su Haijin, Su Baolin, and Vang Shuiming — had all completed their sentences and were deported from Singapore earlier in 2024.

Posted on 24/10/2025

Singapore eyes tri-nation collaboration with Malaysia, Indonesia to attract investors to JS-SEZ, BBK islands

Singapore is exploring a tripartite collaboration with Malaysia and Indonesia to attract investors and businesses to the Johor-Singapore Special ...

Posted on 24/10/2025

Peninsula Renews $400 Million Singapore Credit Facility

The deal, following the renewal of the firm's European banking facility earlier this year, takes Peninsula's total funding capacity to more than $1.5 billion.

Posted on 24/10/2025

HSBC launches ‘entrepreneurial wealth proposition’ in Singapore

A recent report by the lender names the Republic as entrepreneurs’ top destination for wealth and relocation Read more at The Business Times.

Posted on 24/10/2025

More Singapore retail investors using AI to make investment decisions than global peers

More than half of Singapore respondents (56%) said AI helps them save time on research, with more women agreeing than men.

Posted on 24/10/2025

$3b money laundering case: 2 years’ jail for former bank employee implicated in saga

SINGAPORE - The bank employee whose role in a forgery case in 2021 contributed to the largest money laundering probe in Singapore was sentenced on Thursday (Oct 23) to two years' jail.Wang Qiming, 28, ...

Posted on 24/10/2025

$3b money laundering case: Second bank employee involved in saga handed prison sentence

SINGAPORE - A second bank employee embroiled in Singapore’s largest money-laundering case was sentenced to four months’ jail on Oct 24. Chinese national Liu Kai, 36, a former relationship manager at ...

Posted on 24/10/2025

Criminal trial judge erred in convicting ex-oil tycoon O.K. Lim of cheating: Defence lawyer

SINGAPORE - The criminal trial judge erred in convicting Hin Leong founder Lim Oon Kuin of cheating charges, argued Lim's lawyer Davinder Singh during a High Court hearing on Oct 24 on his appeal ...

Posted on 24/10/2025

Projected doubling of S’pore GDP by 2040 could see S$ on a par with US dollar, STI hit 10,000: DBS

A weaker US dollar could open more room for the Singdollar to appreciate over the coming years. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 24/10/2025

As stocks rally, more analysts are warning of a market bubble waiting to burst

Analysts warn of a potential market bubble in AI stocks, fueled by hype and high valuations, raising concerns about a sharp correction. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 24/10/2025

CNA938 Rewind – Singapore tops SEA’s IPO charts: What’s leading the surge and can it last?

Six IPOs, US1.5 billion, and a top spot in Southeast Asia – Singapore’s IPO scene is on a roll for Q3, 2025. Andrea Heng and Hairianto Diman find out what’s fuelling this momentum and what it will ...

Posted on 24/10/2025

Group CEO Lai on GXS Bank’s blueprint for scale, profitability and purpose

GXS Bank’s Group CEO Lai Pei-Si says the digital bank has a unique advantage as it is part of an ecosystem that serves millions of Singaporeans.

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