Han Kwee Juan and Lin Him Chuan will take over their new roles on 1 Jan 2025. DBS has made two new senior appointments– a new country head and group head of institutional banking (IBG). Han Kwee Juan ...
Two-thirds of Singaporean firms cut AI investments over trust concerns
They cited data governance (26%), budget constraints (28%), and untrusted data (26%) as major barriers. Over two-thirds of Singaporean businesses are scaling back their investments in AI due to trust ...
Singapore companies keen to invest in Bangladesh
DHAKA, Dec 12, 2024 (BSS)- Minister for Sustainability and Environment and Trade of Singapore Grace Fu Hai Yien has said many Singaporean companies have high interest for investment in Bangladesh.
OCBC joins JS-SEZ excitement; SMEs say moving business to Johor is a ‘must do before elimination’
The Singaporean bank is the latest out of many in the two countries to organise events related to the JS-SEZ for their customers, in hopes of capturing incoming capital flows.
OCBC Bank requires proof of residence from international clients in wake of money-laundering crackdown
SINGAPORE: Some international clients of OCBC, Singapore’s second-largest bank, were asked by the bank to provide proof of their Singapore residence or risk having their accounts closed. The request ...
OCBC tasks 25 bankers in S’pore, Johor to expand business in new special economic zone
SINGAPORE – Some banks in Singapore and Malaysia are positioning themselves to capture new business opportunities that may emerge once a new special economic zone in Johor is launched in January. OCBC ...
OCBC tightens scrutiny on international clients
Oversea-Chinese Banking Corp, Singapore’s second-largest lender, told some international clients to show proof of residence in the city state to avoid having their accounts shut, a signal of ...
Temasek leads US$210 million fund-raising round for India start-up Rebel Foods ahead of planned IPO
REBEL Foods, a startup that specialises in online-only restaurants, unveiled a US$210 million funding round, ahead of an initial public offering the company is seeking to pull off by 2026. Read more ...
Singapore faces higher ai-driven security risks as a global AI leader: NetApp
As an AI-leading country, Singapore faces a higher incidence of AI-driven security challenges compared to AI-lagging nations. In a report, NetApp said data privacy and security concerns have remained ...
IPO-bound Rebel Foods raises $210 million in funding round led by Temasek
Other participants included existing investor Evolvence. The Series G round which was a mix of primary and secondary share sales also facilitated exits for certain investors, the company said ...
Singapore stocks fell as trading began on Thursday—STI slipped 0.1%
SINGAPORE: Singapore stocks fell as trading began on Thursday (Dec 12), weighed down by declines in major bank shares after mild US inflation data raised hopes for an interest rate cut this month. The ...
Exclusive-Shein IPO: UK regulator decision slowed by NGO challenge, sources say
Britain's financial regulator is taking longer than usual to approve fast-fashion retailer Shein's IPO because it is checking its supply chain oversight and assessing legal risks after an advocacy ...
Temasek leads $282m fundraising round for India start-up Rebel Foods ahead of planned IPO
BENGALURU – Rebel Foods, a start-up that specialises in online-only restaurants, unveiled a US$210 million (S$282 million) funding round, ahead of an initial public offering (IPO) the company is ...
Rebel Foods raises $210 million funding ahead of planned 2026 IPO
Rebel Foods was founded by McKinsey & Co. alumnus Jaydeep Barman with the goal of building a range of online-only brands ...
Singapore Dollar Strengthens Slightly Amid Fed Cut Expectations
The Singapore dollar strengthened slightly against its U.S. counterpart amid expectations for a Fed rate cut next week.
Ex-Citibank employee implicated in $3b money laundering saga to plead guilty
A former banking relationship manager, who allegedly facilitated offences contributing to Singapore’s largest money laundering case, will plead guilty to 10 charges, including money laundering and ...