SINGAPORE: Ng Yu Zhi’s lawyer on Friday (Nov 29) accused investor Veronica Shim Wai Han of caring only about generating income from his client’s nickel investment scheme, and not about whether the ...
$1.5b nickel-trading scam: Defence accuses investor of caring only about revenue
Ng is accused of masterminding a nickel-trading scam that attracted $1.46 billion from 947 investors over six years, and allegedly used the invested funds to finance his lavish lifestyle. Ng told ...
Peregrine falcons recorded nesting in Singapore for the first time, at OCBC Centre in Chulia Street | Video
A pair of peregrine falcons was found nesting in a recess high up on OCBC Centre at Chulia Street in the heart of Singapore's central business district in 2024 - the first time the species has been ...
Standard Chartered expands wealth planning team
Standard Chartered Global Private Bank has bolstered its wealth planning and family advisory services by appointing new relationship managers and team leaders. This move aims to enhance the bank’s ...
DBS and POSB cardholders, heads up! Enjoy about 50 exclusive deals during Sentosa’s island-wide celebrations this festive season
The celebrations from Dec 9 to Feb 16 will transform Sentosa with interactive installations and activities in Resorts World Sentosa, Sentosa Sensoryscape, and Palawan Beach.
HSBC pulls back credit card business in China: Reuters
China is a relatively small market for HSBC’s credit card business. The gross carrying amount in this segment was just US$287 million, or about 1% of the global total last year.
Suntec REIT biggest beneficiary from MAS’s ‘looser’ leverage, ICR rules: OCBC
S-REITs are now subject to a single aggregate leverage limit of 50% and a minimum interest coverage ratio (ICR) of 1.5 times.
DBS, EnterpriseSG and IMDA launch gen AI programme to help up to 50,000 SMEs adopt tech
The programme, called Spark GenAI, will help SMEs understand gen AI use cases in areas like customer engagement and marketing.
DBS gets approval to raise China securities JV stake to 91%
Singapore-based DBS Group has obtained regulatory approval to increase its stake in DBS Securities China to 91 percent, up from 51 percent, Shanghai Securities News reported on Tuesday. The ...
DBS, EnterpriseSG, IMDA programme to help SMEs leverage generative AI
DBS, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA), has designed a programme that aims to raise awareness of generative artificial ...
Resilient UOB relishes regional role
In Thailand’s highly competitive banking industry, UOB has proven its resilience as a foreign bank over the past 25 years thanks to a strong Southeast Asian network, brand strength and its ability to ...
Singapore man jailed 15 months for bomb hoax targeting DBS HQ over credit card woes
A Singaporean man was sentenced to 15 months in jail yesterday for making false bomb threats involving the DBS headquarters in Marina Bay earlier this ...
DBS Remains a Buy on Comfortdelgro (CDGLF)
DBS analyst Zheng Feng Chee maintained a Buy rating on Comfortdelgro (CDGLF – Research Report) today and set a price target of S$1.80. The ...
Singapore stocks traded lower on Friday’s open—STI fell 0.4%
Singapore banks were also down at the open. UOB dropped 0.5%, or S$0.18, to S$36.32. DBS slipped 0.5%, or S$0.23, to S$42.02, while OCBC retreated 0.4%, or S$0.06, to S$16.22.
Amazon invests over $2b in Singapore businesses in 2023
The investment includes spending on infrastructure improvements and technology upgrades. Amazon has invested more than S$2b in Singapore this year across its retail and cloud businesses. The ...
Singapore stocks rise on optimism over rebound in real incomes, easing inflation
SINGAPORE - Stocks in Singapore ended higher on Nov 28 after the Republic reported a rebound in real incomes for 2024, according to preliminary estimates, as inflation eased. A Ministry of Manpower ...