Citi will open its largest wealth advisory hub globally in Singapore in December as it seeks to tap the growing affluent segment in the city. ( read original story ...)
Former DBS wealth planning manager jailed 12 weeks for selling personal information of customers
A former DBS Bank wealth planning manager was jailed for 12 weeks on Tuesday (Sept 29) for accessing the personal information of 37 customers and selling the information to a data broker for profit.. ( read original story ...)
Singapore Bourse May Crack Resistance At 2,500 Points
The Singapore stock market has climbed higher in two consecutive trading days, collecting more than 30 points or 1.3 percent along the way. The Straits Times Index now sits just above the 2,480-point ... ( read original story ...)
UPDATE 1-Singapore’s Temasek launches 50-year dollar bonds, its longest tenor issue
Ltd is launching a clutch of long-dated dollar bonds, including its longest 50-year bonds, as part of its $25 billion guaranteed global medium term note (MTN) programme. ( read original story ...)
Olam snags Sora-pegged club loan from DBS, ICBC Singapore
Agri-food giant Olam International has obtained Singapore's first club loan pegged to the Singapore Overnight Rate Average (Sora).. Read more at straitstimes.com. ( read original story ...)
Singapore residents can report change of address online from Oct 1
From October 1, all Singapore citizens and Permanent Residents who need to report a change of residential address will be able to complete the process online, said the Immigration and Checkpoints ... ( read original story ...)
UOB taps Visa API to simplify digital payments
Singapore's United Overseas Bank (UOB) has become the world's first lender to use a new Visa API that lets customers add cards to third party apps without the physical plastic. ( read original story ...)
PayNow banks raise limit for ad hoc transactions to at least $5k
PayNow users will now be able to send a larger amount of money to others on the funds transfer service.. Read more at straitstimes.com. ( read original story ...)
PayNow users can now send at least $5,000, up from previous $1,000
PayNow users will now be able to send larger amounts to others on the funds transfer service. All nine participating PayNow banks will allow ad hoc transactions of at least $5,000, the Association of ... ( read original story ...)
UTI garners Rs 645 crore from anchor investors ahead of IPO
UTI Asset Management Company on September 28 has raised Rs 644.64 crore from several anchor investors ahead of its IPO opening tomorrow. "Under anchor investors portion in the public issue of UTI ... ( read original story ...)
Breakingviews – Toshiba’s pulled chip IPO is tip of its worries
The reason for Kioxia’s decision to pull its $3.2 billion initial public offering on the eve of pricing depends on who you ask. The world’s second largest maker of flash memory chips said it was down ... ( read original story ...)
ICBC Singapore, DBS jointly provide Singapore’s first SORA-pegged club loan to Olam
The Singapore Branch of the Industrial and Commercial Bank of China (ICBC Singapore) partnered with the DBS Bank (DBS) in providing Singapore's first club loan pegged to the Singapore Overnight Rate ... ( read original story ...)
Google Pay gets more “social” in Singapore, lets users split lunch bills easily
Google Pay users got a major upgrade in Singapore last week, with new "social" features that make it easy to, say, split the cost of a meal. ( read original story ...)
Singapore Regulator, Banks in Talks to Extend Debt Relief
Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium program beyond Dec. 31 to provide extra relief for borrowers hit by the fallout from the coronavirus ... ( read original story ...)
Wilmar’s China unit IPO raises $2.8 billion amid oversubscription of shares
SINGAPORE (THE BUSINESS TIMES) - The long-awaited initial public offering (IPO) of Wilmar International's China unit, Yihai Kerry Arawana (YKA), has successfully raised about 13.93 billion yuan ... ( read original story ...)
Singapore Regulator, Banks in Talks to Extend Debt Relief Scheme
Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium program beyond Dec. 31 to provide extra relief for borrowers hit by the fallout from the coronavirus ... ( read original story ...)