Wang Qiming, a former relationship manager at Citibank Singapore, was sentenced to 24 months in prison after he pleaded guilty to four out of 10 charges.
DBS predicts SGD to equal USD by 2040 & GDP to double in size
In a new report, DBS Group Research predicts that the Singapore dollar (SGD) exchange rate against the USD is expected to reach 1 to 1 before 2040, according to Reuters . The bank also expects ...
Singapore, China to establish national green and digital shipping corridor; pledge to deepen ties
SINGAPORE - Singapore and China have agreed to work together to decarbonise and digitalise shipping routes between the two countries, with the establishment of a national green and digital shipping ...
Eight dual-use pickleball courts to open at the Singapore Sports Hub from January 2026
This is part of a new pickleball programme launched by the OCBC Group and Kallang Alive Sport Management. Read more at straitstimes.com. Read more at straitstimes.com.
How UOB’s Wee Ee Cheong is planting the seeds for the next 90 years
The UOB CEO talks succession, acquisitions and the importance of preserving the bank's cultural 'trunk' - just like his beloved bonsai Wee Ee Cheong leans back in his chair in the boardroom of UOB ...
Ex-Citibank Manager Jailed 24 Months Over Role in S$3 Billion Money Laundering Scandal in Singapore
Su Haijin, Su Baolin, and Vang Shuiming — had all completed their sentences and were deported from Singapore earlier in 2024.
Singapore eyes tri-nation collaboration with Malaysia, Indonesia to attract investors to JS-SEZ, BBK islands
Singapore is exploring a tripartite collaboration with Malaysia and Indonesia to attract investors and businesses to the Johor-Singapore Special ...
Peninsula Renews $400 Million Singapore Credit Facility
The deal, following the renewal of the firm's European banking facility earlier this year, takes Peninsula's total funding capacity to more than $1.5 billion.
HSBC launches ‘entrepreneurial wealth proposition’ in Singapore
A recent report by the lender names the Republic as entrepreneurs’ top destination for wealth and relocation Read more at The Business Times.
More Singapore retail investors using AI to make investment decisions than global peers
More than half of Singapore respondents (56%) said AI helps them save time on research, with more women agreeing than men.
$3b money laundering case: 2 years’ jail for former bank employee implicated in saga
SINGAPORE - The bank employee whose role in a forgery case in 2021 contributed to the largest money laundering probe in Singapore was sentenced on Thursday (Oct 23) to two years' jail.Wang Qiming, 28, ...
$3b money laundering case: Second bank employee involved in saga handed prison sentence
SINGAPORE - A second bank employee embroiled in Singapore’s largest money-laundering case was sentenced to four months’ jail on Oct 24. Chinese national Liu Kai, 36, a former relationship manager at ...
Criminal trial judge erred in convicting ex-oil tycoon O.K. Lim of cheating: Defence lawyer
SINGAPORE - The criminal trial judge erred in convicting Hin Leong founder Lim Oon Kuin of cheating charges, argued Lim's lawyer Davinder Singh during a High Court hearing on Oct 24 on his appeal ...
Projected doubling of S’pore GDP by 2040 could see S$ on a par with US dollar, STI hit 10,000: DBS
A weaker US dollar could open more room for the Singdollar to appreciate over the coming years. Read more at straitstimes.com. Read more at straitstimes.com.
As stocks rally, more analysts are warning of a market bubble waiting to burst
Analysts warn of a potential market bubble in AI stocks, fueled by hype and high valuations, raising concerns about a sharp correction. Read more at straitstimes.com. Read more at straitstimes.com.
CNA938 Rewind – Singapore tops SEA’s IPO charts: What’s leading the surge and can it last?
Six IPOs, US1.5 billion, and a top spot in Southeast Asia – Singapore’s IPO scene is on a roll for Q3, 2025. Andrea Heng and Hairianto Diman find out what’s fuelling this momentum and what it will ...