SINGAPORE: Grab Holdings Ltd and Singapore Telecommunications Ltd (Singtel) plan to roll out a banking service next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the ... ( read original story ...)
Government will ensure growth remains inclusive, even as Singapore welcomes talent and investments: DPM Lawrence Wong
SINGAPORE: Even as Singapore opens its door to more foreign talents and investments, the Government will ensure that growth remains inclusive, said Deputy Prime Minister Lawrence Wong on Wednesday ... ( read original story ...)
Singapore to have first hydrogen-ready power plant ready by June 2026
SINGAPORE will have its first hydrogen-ready power facility Keppel Sakra Cogen Plant, following a final investment decision by Holdings Ltd, via its wholly o ... ( read original story ...)
Singapore launches DLT-backed funds settlement system
The Singapore Funds Industry Group (SFIG), a public-private partnership between the Monetary Authority of Singapore (MAS) and funds industry stakeholders, has launched Fundnode, an industry-wide ... ( read original story ...)
UOB joins OCBC and DBS in raising rates on its savings account
UOB and OCBC customers will get higher interest rates on their savings accounts as local banks fight for market share. Read more at straitstimes.com. ( read original story ...)
ONE Championship lays groundwork for a US IPO – ‘the next step is going global,’ says CEO Chatri Sityodtong
Hosting live events in Qatar, Europe and North America ‘are all in the plans for the next 12 months’ says CEO Chatri Sityodtong, with plans to establish studios and regional headquarters in Doha. ( read original story ...)
Singapore MAS calls wholesale FX market participants and counterparties to adhere to FX Code
"MAS strongly encourages all wholesale FX market participants in Singapore as well as all its counterparties to adhere to the latest version of the Code, in order to promote the integrity and ... ( read original story ...)
Jail for offender who helped man obtain bank loan by submitting forged payslips
Ng Jia Hao was sentenced to nine months' jail after he admitted to engaging in a conspiracy with at least three other men to cheat the bank. Read more at straitstimes.com. ( read original story ...)
OCBC raises 360 account interest rates for the first time since 2021
The "Spend" category was removed from the 360 account in July 2020, according to The Straits Times. This marks the first time OCBC has raised interest ... ( read original story ...)
UOB joins local banks in raising interest rates for savings accounts
UOB’s move comes on the heels of a similar announcement by OCBC this week amid a rising interest rate environment. ( read original story ...)
Crazy rich relocations: Singapore becomes a haven for Chinese elite
Beijing’s talk of ‘going after the entrepreneurs’, its draconian Covid lockdowns and a growing hostility to China from the west all make the city-state an attractive place to reside ... ( read original story ...)
‘Gen Z bank’ GXS launches with Grab, Singtel backing
Styled as a “digital native”, the digital bank’s main product is the GXS Savings Account, targeted at gig economy workers, self-employed entrepreneurs, small businesses and those new to the workforce. ( read original story ...)
Should CPF savings interest rate be raised as banks’ savings and mortgage rates rise?
When Singapore's banks promote higher deposit interest rates for customers, some folks wonder if CPF Savings interest rate would also rise. ( read original story ...)
Best Fixed Deposit Rates in Singapore (Sept 2022) — DBS, UOB, OCBC & More
Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. You don't need to do anything to earn this interest, just park ... ( read original story ...)
Singapore’s Temasek To Invest $100 Million In Animoca Brands
Singapore-based state investor Temasek will lead the financing round through convertible bonds, according to a report. ( read original story ...)
How to earn passive income in Singapore: HDB rental, dividends and more
The banking interest rate in Singapore is notoriously low, especially if you stick with the default POSB/UOB savings account that yields a negligible amount of interest each year. Read Also 3 ... ( read original story ...)