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Tag: banking

Posted on 29/08/2022

Investors ‘Irrationally Oblivious’ to Crypto Trading Risks: Singapore’s Financial Regulator

In hopes of limiting high risk in the crypto sector, Singapore is looking to make it more difficult for retail investors to join the market. ( read original story ...)

Posted on 29/08/2022

Singapore: ‘Crypto Is Hazardous for Retail Investors’

Customers “seem to be irrationally oblivious about the risks of cryptocurrency trading,” a key regulator said. ( read original story ...)

Posted on 29/08/2022

Indian-Origin Woman Get 6 Months Jail Term For Cheating Bank In Singapore

A 29-year-old Indian origin single mother was on Monday sentenced to six months jail for cheating Citibank by submitting forged documents to secure loans. Kiran Kaur was jobless and facing financial ... ( read original story ...)

Posted on 29/08/2022

All fuel pump prices in Singapore rise to match increases by Caltex, Shell

SINGAPORE - All fuel pump prices here have gone up, after Shell and Caltex raised diesel by seven cents and petrol by three cents a litre on Wednesday (Aug 24).On Monday (Aug 29) afternoon, SPC became ... ( read original story ...)

Posted on 29/08/2022

Singapore’s Central Bank Wants to Foster Digital Assets, Restrict Crypto Speculation

The head of the Monetary Authority of Singapore, Ravi Menon, insists this stance is "synergistic" and says price speculation is the source of the crypto world's problems. ( read original story ...)

Posted on 29/08/2022

Singapore eyes crypto credit curbs but China-style ban unlikely

Singapore is unlikely to head down China's path in imposing a sweeping ban on cryptocurrencies, but will work to make conditions more stringent for investors who wish to speculate on the digital ... ( read original story ...)

Posted on 29/08/2022

Singapore Unveils Long-Term Work Visas to End Talent Crunch

Singapore is overhauling visa rules to attract foreign workers and ease a tight labor market that’s contributing to wage and price pressures.Most Read from BloombergPowell Heaps Pressure on Risk Senti ... ( read original story ...)

Posted on 29/08/2022

‘I just felt really stupid’: How a scam victim almost lost more than S$1 million – until police and the bank intervened

Scams were the top driver of crime in the first half of 2022 with more than 14,000 cases reported – 85% more than in the same period last year, says the Singapore Police Force. ( read original story ...)

Posted on 29/08/2022

Single mother jailed over Citibank cheating case, 13th person to date

"Charles told the accused not to worry and that the accused did not need to satisfy the requisite income level to qualify for a bank loan." He got Kaur to divulge her Singpass login details and told ... ( read original story ...)

Posted on 29/08/2022

Singapore central bank mulls customer suitability test, restriction on use of credit for cryptocurrency trading to protect retail consumers

To further reduce consumer harm caused by volatile cryptocurrency investments, the Monetary Authority of Singapore (MAS) is considering ... ( read original story ...)

Posted on 29/08/2022

UOB Kay Hian, OCBC analysts find ThaiBev’s valuation attractive and undemanding amid ‘solid’ 3QFY2022 results

UOB Kay Hian analyst Llelleythan Tan has maintained his “buy” call for Thai Beverage (ThaiBev) with a lowered target price (TP) of 89 cents from 94 cents previously. While Tan sees ThaiBev as an ... ( read original story ...)

Posted on 29/08/2022

Stock Market Live Updates: SGX Nifty signals a gap-down start; Asian stocks trade lower

Nifty futures on the Singapore Exchange traded 362 points, or 2.05 per cent, lower at 17,297, signaling that Dalal Street was headed for a gap-down start on Monday. Procter & Gamble Health, Sindhu ... ( read original story ...)

Posted on 29/08/2022

Stock Market LIVE Updates: Sensex and Nifty50 likely to make a gap-down start today — all eyes on Reliance AGM

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to begin the week sharply lower tracking weakness across global markets, after Fed Chair Jerome Powell sounded more hawkish than many had ... ( read original story ...)

Posted on 29/08/2022

SGX Nifty down 380 points; here’s what changed for market while you were sleeping

Major Asian stocks opened lower Monday after US Federal Reserve Chair Jerome Powell declared his commitment to rate hikes to fight inflation. MSCI's index of Asia-Pacific shares outside Japan was ... ( read original story ...)

Posted on 29/08/2022

Nifty technical view, key resistance level, stocks under F&O ban; 5 things to know before market opening bell

Nifty futures traded 362 points, or 2.05% lower at 17,297 on the Singapore Exchange, signaling that BSE Sensex and NSE Nifty50 are headed for a gap-down start on Monday. ( read original story ...)

Posted on 29/08/2022

Sotheby’s first Singapore auction in 15 years beats expectations

Sotheby’s said it sold art works worth nearly S$24.5 million in its first auction in Singapore in 15 years, beating a pre-sale estimate of about S$18 million. Nearly half of the works in the sale ... ( read original story ...)

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