StraitsX has partnered with Standard Chartered to strengthen the reserve management of its XUSD and XSGD stablecoins.
DBS names Chen Ze Ling as Group Head of Corporate and SME Banking; Welson Jamin as Group Head of Operations
These two new appointments follows the first two made last week which saw Derrick Goh as Group Chief Operating Officer and Koh Kar Siong as Group Head of Audit.
Singapore Activist Investor 3D Questions Sapporo Acquisitions
Singapore-based investment fund 3D Investment Partners Pte sent a letter dated Feb. 18 criticizing Sapporo Holdings Ltd.’s past overseas acquisitions as failures, and questioning the responsibility of ...
Singapore will feel impact of rising global tensions, PM says
Singapore will feel the impact of increasing global tensions with economic growth set to slow this year, Prime Minister Lawrence Wong said in his budget speech in parliament on Tuesday. Wong, who is ...
HSBC lays off 40 dealmakers in Hong Kong as part of revamp to cut costs
The job cuts in HSBC's regional hub Hong Kong started on Monday, where at least four managing directors were let go, with three of them based in Hong Kong and one in Singapore ...
OCBC drops FLCT, CLAS from REIT picks while highlighting KDCREIT’s ‘solid turnaround story’
OCBC’s analysts say they were “left disappointed” with FLCT as it has not made any data centre acquisitions and did not penetrate the Japanese market since its CEO took over in August 2023.
OCBC Investment Research increases Seatrium’s target price to $2.82 after share price surge
OCBC Investment Research (OIR) analyst Ada Lim has increased her fair value estimate on Seatrium to $2.82 from $2.64 previously after shares in the offshore and marine (O&M) company surged by 10.87% ...
Singapore businesses call for Budget support to tackle inflation and boost digital adoption
The survey revealed that 50% of businesses are anticipating Budget measures to help them navigate the challenges posed by high inflation and facilitate their adoption of digital technologies. This ...
Singaporean’s address changed illegally by scammers, triggering banking issues and investigation
Raymond Tan, a Singaporean man in his forties, has been dealing with a string of issues after discovering that his home address was altered without ...
Singapore’s PM Wong likely to ramp up spending going into election year
Wong, who is also finance minister, is expected to focus on bringing down living costs and boosting social aid when he delivers a budget speech later today ...
Singaporean’s home address illegally changed by scammers via ICA service, triggering banking nightmare
Raymond Tan discovered that his home address had been changed without his knowledge. His Singpass account was then frozen, disrupting his access to essential government services.
Singapore Is Poised to Ramp Up Spending Going Into Election Year
Singapore is likely to boost spending in Lawrence Wong’s first budget as prime minister, offering more handouts to households and businesses ahead of election at a time of heightened global ...
Resilient banking earnings, better IPO process could bolster S’pore’s STI in 2025: Analysts
Much is riding on the banks, which are widely expected to post record full-year earnings. Read more at straitstimes.com.
Singapore Banks Prevent S$53.9M in Fraud with New Anti-Scam Law
The Singapore Anti-Scam Law, enacted on January 7, 2025, provides authorities with the power to take control of bank accounts as a last-resort measure in combating financial fraud. The legislation ...
Straits Millennium, EBANX get in-principle nod for MPI licence in Singapore
The Monetary Authority of Singapore (MAS) has issued in-principle approval to fintech firms EBANX and Straits Millennium for a major payment institution (MPI) Licence under the Payment Services Act ...
S’pore firms prioritise sustainability and employee welfare amidst rising costs: UOB
Besides rising costs, limited awareness and resources hinder firm progress. Businesses are prioritizing the implementation of sustainable initiatives that enhance energy efficiency and employee ...