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Tag: banking

Posted on 18/11/2022

Pofma correction orders issued to ex-GIC economist, The Independent Singapore over false claims on Govt’s fiscal surpluses

The Ministry of Finance (MOF) said on Friday that Mr Yeoh’s claim in two Facebook posts dated Nov 7 that there are $30 billion in structural fiscal surpluses that are available to the Government for ...

Posted on 18/11/2022

Corrections and clarifications regarding the Government’s fiscal surpluses and Singapore’s Reserves

The Independent Singapore (“TISG”) reproduced Yeoh’s statement in ... Any drawing of the Past Reserves is subject to the President’s concurrence. The Minister for Finance has instructed the Protection ...

Posted on 18/11/2022

S’pore a critical market for HSBC as it eyes growth backed by resurgent Asia: Group CEO

SINGAPORE - HSBC Holdings’ global franchise remains strong and continues to grow steadily as its customers, especially in the Asia-Pacific, continue to expand their global networks. Mr Noel Quinn, ...

Posted on 18/11/2022

DBS re-initiates ‘buy’ on ThaiBev, calling it one of the ‘most valuable’ large-cap Asean F&B counters

Follow us on Facebook and join our Telegram channel for the latest updates. DBS Group Research analyst Andy Sim and the Singapore research team have re-initiated coverage on Thai Beverage (ThaiBev) ...

Posted on 18/11/2022

Singapore firm weighs $200m IPO, ending listing drought

Legend Logistics is exploring an initial public offering (IPO) in Singapore to raise as much as $200 million, according to people with knowledge of the matter, in what would be the largest IPO in the ...

Posted on 18/11/2022

Singapore state investment firm to write down $275M in FTX

Singapore's central bank earlier this week said FTX was not licensed and did not operate in the city-state. Neither was the exchange exempted from licensing, according to the Monetary Authority of ...

Posted on 18/11/2022

Man charged after he allegedly laundered monies linked to scams involving over $3.7m in losses

SINGAPORE – A man said to be linked to scams involving ... engaged in a conspiracy with several unknown individuals on or around Jan 19 to cheat Standard Chartered Bank by deceiving it into believing ...

Posted on 18/11/2022

Stock Market LIVE Updates: Sensex jumps 150 points, Nifty nears 18,400; Nykaa gains 4%, Vedanta 2%

while rising coronavirus cases in China and liquidity strains in its bond market added to uncertainty. Nifty futures on the Singapore Exchange traded 62 points, or 0.34 per cent, higher at 18,437, ...

Posted on 18/11/2022

Man linked to scams involving S$3.7 million charged in Singapore after being arrested in Malaysia

Muhammad Tarmidzi Tahir has been linked to investment scams, job scams, fake friend impersonation scams and Government official impersonation scams involving more than 50 victims.

Posted on 18/11/2022

Briefs: Greening businesses and countries will take time, says Temasek CEO, NoonTalk Media to list on SGX

Follow us on Facebook and join our Telegram channel for the latest updates. Quoteworthy: "Had I been a bit more concentrated on what I was doing, I would have been able to be more thorough." — FTX ...

Posted on 18/11/2022

Photos: DBS opens doors to new, sustainability-driven 11,300 sq. ft employee café

ft of space devoted to advancing team DBS' sustainability agenda. Located in Singapore’s Marina Bay Financial Centre Tower 3, the café’s operations have a host of sustainability features, such as a ...

Posted on 18/11/2022

SGX Nifty rises 56 points: Asian markets firm; FPI buying, market outlook & more

SGX Nifty signals a positive start Nifty futures on the Singapore ... the market-wide position limit (MWPL). No new positions can be created in the derivative contracts of said security. This ...

Posted on 18/11/2022

Singapore’s state-owned Temasek writes down entire US$275 million investment in FTX as fallout from collapsed crypto firm spreads

Temasek’s action reflects how major investors were caught off guard by FTX’s collapse and how they are now moving to distance themselves from the failed cryptocurrency exchange.

Posted on 17/11/2022

These 4 Singapore Stocks Surged 7% or More Last Week: Is it Time to Jump on the Bandwagon?

A share price jump could indicate investor optimism regarding positive business developments. The post These 4 Singapore Stocks Surged 7% or More Last Week: Is it Time to Jump on the Bandwagon?

Posted on 17/11/2022

Singapore man linked to scams that duped over 50 victims of $3.7m arrested in Malaysia

The suspect is believed to have procured Singapore bank accounts through various chat platforms such as Telegram and Facebook. Read more at straitstimes.com.

Posted on 17/11/2022

UOB, DBS, OCBC raise fixed home loan rates to up to 4.5%, highest in almost two decades, say analysts

Home loan rates went past the 4 per cent mark on Tuesday (Nov 15) after three major banks here raised their fixed rate packages, with the United Overseas Bank (UOB) being the highest at 4.5 per cent ...

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