Casinos will now look into a customer’s bank accounts as soon as it crosses the new threshold. “The adjustment is made so that Singapore casinos can better combat money laundering and terrorism ...
DBS maintains ‘buy’ call on MPACT following the divestment of Mapletree Anson
DBS Group Research analysts Rachel Tan and Derek Tan have maintained their “buy” call on Mapletree Pan Asia Commercial Trust N2IU - “The recent divestment of Mapletree Anson addresses investors’ ...
DBS strengthens Mashreq’s global same-day cross-border payments
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ...
Temasek on deal hunt to boost returns for Singapore
In March, Singapore approved the merger between Tata-owned Air India and sister airline Vistara, a joint venture between Tata and Temasek-backed Singapore Airlines. The deal has been touted as ...
Singapore to tighten regulations to prevent misuse of casinos for terrorism financing
Casinos will soon have to perform due diligence checks when receiving cash deposits of S$4,000 (US$2,950) or more, down from the current threshold of S$5,000.
HSBC fights UBS for Asia wealth under former Wall Street banker
THE head of HSBC Holdings’s private bank is planning a fresh recruiting drive as part of her bid to regain the title of Asia’s biggest wealth manager from UBS Group. Read more at The Business Times.
Citi sees AI displacing more finance jobs than any other sector
About 54% of jobs across banking have a high potential to be automated, the bank said Wednesday in a new report on AI.
Why won’t Citi remove these fraudulent charges from my card?
All of the charges happened six months ago and they were all for an online travel agency called Agoda. I immediately notified Citi as well as Agoda. Citi issued me a new card, but the fraudulent ...
Investment Ministry meets Singaporean businessmen for further projects
The Ministry of Investment organised a meeting between Singaporean businessmen specialised in infrastructure, water, energy, engineering consultancy, integrated design, project management and ...
Shein’s 2022 sales grow 4x ahead of IPO to close in on Zara
CHINA-FOUNDED Shein started surging in popularity in 2020 amid the Covid-19 pandemic, as customers who were stuck at home logged on to the online retailer to buy cheap clothes. The financials of its ...
Niva Bupa Health files draft IPO prospectus to raise Rs 3,000 crore
The issue consists of a fresh issue of Rs 800 crore and an offer for sale of upto Rs 2200 crore by its existing shareholders and promoters.
4 Singapore Stocks to Watch for in July
Under these PPAs, Sembcorp Power, a wholly-owned subsidiary of the group, will supply up to 10 MW of electricity to three of GSK’s manufacturing sites in Singapore. These PPAs have tenures of up to 10 ...
OCBC-GE deal: Here’s what I got wrong
THIS column received some negative feedback after it said on Jun 17 that minority shareholders of Great Eastern might eventually get an exit offer that is higher than the current offer from OCBC ...
4 tips on how to save money on dates
And if you live in Singapore — the most expensive city in the world ... such as the Citi Cashback Card and the POSB Everyday Card, or entertainment spend, like the HSBC Live+ credit card. These cards ...
Singapore’s Tourism Boost: Which Companies can Benefit from it?
High-profile singers such as Taylor Swift and Coldplay held sold-out concerts in Singapore back in January and February. Because of the arrival of these superstars, tourist numbers have surged.
Failure to plan for overseas studies can deplete retirement savings of S’pore parents by 30%: HSBC
SINGAPORE – Sending a child overseas for an education could wipe out as much as 30 per cent of parents’ retirement savings, so careful planning is needed, noted a new study by HSBC. It found that a ...