StanChart fined in Singapore for money laundering breaches

HONG KONG: Standard Chartered Plc units were fined S$6.4mil (US$4.9mil) for failing to meet Singapore’s anti-money laundering requirements, less than two years after it was punished for a similar breach in the city-state. The lender’s Singapore branch ... ( read original story ...)

Standard Chartered hit with money-laundering and terrorism fine

Standard Chartered has been slapped with a 5.2 million Singapore dollar (£2.8 million) fine for breaching anti-money laundering and anti-terrorism funding regulations. The fine, meted out by the Monetary Authority of Singapore, relates to transfers from ... ( read original story ...)

UOB launches online travel marketplace

According to an announcement, the platform was built through a partnership with Agoda and Expedia. UOB Singapore head of personal financial services Jacquelyn Tan noted the increasing significance travel shown through their card data which shows that it ... ( read original story ...)

The Best Citibank Credit Cards Singapore Review 2018

Unlike some other banks, Citibank doesn’t have a bazillion credit cards on offer. Instead, they only have a handful, and each card in their stable serves a very specific purpose. Therefore, choosing from Citibank credit cards is straightforward; the ... ( read original story ...)

Joseph Schooling signs 3-year partnership with DBS

Just a week after the announcement that Singapore Olympic champ Joseph Schooling will be the ambassador for German luxury fashion brand Hugo Boss, the full-time athlete has scored another deal with DBS. The three-year partnership will see the young athlete ... ( read original story ...)

Is Singapore failing in its bid for Asia’s IPO market?

Companies are choosing to list in Hong Kong instead. As the regional stock exchange competition heats up, the Singapore stock exchange may be losing more than it gains as there were more cross-border listings than IPOs held within its own borders in Q1 ... ( read original story ...)

DBS next to ink partnership with Joseph Schooling

Lim, DBS’ Singapore country head, said. Joseph Schooling said that DBS is what a Singaporean brand should be and it is an honour to work with the bank. “They serve their customers well, they’re true to their roots, they’re ambitious and work hard ... ( read original story ...)

Singapore banks’ loan growth hits 3-year high

Higher credit card and car loans pushed bank lending up. Singapore bank lending rose 8.5% YoY in February 2018 and hit its strongest pace in three years, up from an 8.3% climb in January. According to RHB Research, this was mainly on the back of stronger ... ( read original story ...)

Global IPO proceeds up 28% in Q1

Even though the Asia-Pacific experienced a drop in IPO activity, it remained the world's busiest region for new listings in the first quarter of this year; in part because of activity in South-east Asia, EY said. Mr Max Loh, EY's Asean and Singapore ... ( read original story ...)

Singapore Stock Market May Extend Losses

The Singapore stock market turned decidedly lower again on Wednesday, one session after it had snapped the four-day losing streak in which it had tumbled more than 100 points or 2.9 percent. The Straits Times index now rests just above the 3,380-point ... ( read original story ...)

Here’s How Singapore Banks’ Stocks Performed In FY2017

Singapore banks are often touted as some of the safest and best banks in the world, coming in at 11th (DBS), 13th (OCBC) and 14th (UOB) in the World’s Top 50 Safest Banks by Global Finance. In Singapore, they comprise close to 42% of the benchmark ... ( read original story ...)