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Tag: banking

Posted on 04/04/2023

American, 50, who left S’pore in 2014 extradited from US, charged for S$18 million investment fraud

A 50-year-old American, who left Singapore nine years ago in 2014, has been extradited from the United States and charged on Apr. 3 for carrying out a fraudulent investment scheme. According to a ...

Posted on 04/04/2023

Singapore likely to tighten monetary policy as inflation remains elevated: Analysts

SINGAPORE: Singapore is likely to tighten monetary policy this month, for the sixth time in a row, amid persistent price pressures in the Asian financial hub due to global supply chain disruptions. El ...

Posted on 04/04/2023

3 finance bros quit banking jobs to carry on father’s Nam Kee Chicken Rice legacy in Upper Thomson

It was hard but they didn't chicken out. Nam Kee Chicken Rice Restaurant has always been more than just a quick stop for lunch. For the three Chew brothers -- Lincoln, Dave, and Ken -- and their loyal ...

Posted on 04/04/2023

Travellers can now use QR codes to make payments to merchants between Malaysia and Singapore

Such payments are now possible as DuitNow and NETS QR are connected. Person-to-person (P2P) fund transfers will also be ready by year-end.

Posted on 04/04/2023

Man who left S’pore 9 years ago charged over alleged involvement in fraudulent investment scheme

The 50-year-old American citizen was extradited to Singapore after his whereabouts were traced with the help of US authorities. Read more at straitstimes.com.

Posted on 04/04/2023

Daily Markets Briefing: STI up 0.68%; Genting Singapore is top gainer

Amongst the top gainers are Genting Singapore, Jardine C&C, and Thai Bev. The losers are DFI Retail Group with 1.98% down, SGX with 0.43% down, and UOB with 0.40% down.

Posted on 04/04/2023

Benefits of investing in the Singapore Real Estate industry: A guide for Irish investors

Singapore's real estate market has long been a popular destination for foreign investors. For instance, in 2021, Chinese investors accounted for the largest share of foreign buyers of Singapore ...

Posted on 03/04/2023

Man who skipped bail extradited to S’pore, charged over bogus investment scheme that took S$18m from investors

A 50-year-old United States citizen who jumped bail about nine years ago has been extradited to Singapore and charged on Monday (April 3) with running a bogus investment scheme.

Posted on 03/04/2023

Man who left Singapore nine years ago charged for alleged involvement in fraudulent investment scheme

SINGAPORE, April 3 (The Straits Times/ANN): A man who fled the country while on bail almost nine years ago was charged in court on Monday for allegedly being involved in a fraudulent multi-million ...

Posted on 03/04/2023

Bank sub-bonds worth buying despite recent write-off of Credit Suisse’s bonds, says Citi

SINGAPORE – Despite the recent jitters and volatility caused ... this asset class has emerged as a notable pocket of value as the recent banking crisis blows over. Citibank chief investment officer ...

Posted on 03/04/2023

Hong Kong’s ‘moneymaking genes’ help it trump charmless Frankfurt, LA and Singapore, says tycoon Ronnie Chan

While some international cities that are well-equipped with hotels and airports are "artificial" and "super boring", Hong Kong is also "full of charm", which makes it a favourable destination for ...

Posted on 03/04/2023

HSBC Bank (Singapore) names new board directors

HSBC Bank (Singapore) has appointed Sam Liew and Colin Bell as directors of its board, effective April 4. Liew is managing partner, government strategic business group, at Singtel NCS Group. In this ...

Posted on 03/04/2023

“Embarrassed” DBS chairman bows to apologise and sets up special committee to look into service disruption

SINGAPORE: Expressing embarrassment over the latest digital banking service outage, DBS CEO Piyush Gupta and chairman Peter Seah apologised to stakeholders at the bank’s annual general meeting (AGM) ...

Posted on 03/04/2023

HSBC Singapore announces new board of directors

Their appointments is effective starting 4 April. Sam Liew and Colin Bell have been appointed as new directors to the board of HSBC Bank (Singapore). Liew is presently the managing partner of the ...

Posted on 03/04/2023

DBS’ latest digital service disruption unacceptable, says MAS

Singapore’s largest lender DBS is expected to face new regulatory action following a lengthy outage of its digital banking services last week.

Posted on 03/04/2023

DBS CEO, who received S$15.4 million in pay in 2022, feels embarrassed over technical disruption

DBS CEO Piyush Gupta felt embarrassed at the Annual General Meeting due to the bank's digital banking service disruption for the second time in 16 months. DBS Chairman Peter Seah also apologized to ...

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