SINGAPORE: More than 110 suspicious bank accounts with over S$400,000 were blocked by UOB or seized by the police in a joint operation targeting money mules. The operation was conducted by the bank ...
Prudential Singapore to get new CEO in September
Chan San San is appointed CEO of Prudential SIngapore, reporting to Dennis Tan, MD of Strategic Business Group, a regional role ...
The ethics of investing in defence stocks
As socially responsible investing has gained popularity in the last decade, with a focus on environmental and social welfare, the term “sin stock” has expanded to include stocks that might have been ...
Singapore’s Southern IX Performing Arts acquires popular South Korean artiste training school, aims 2025 IPO
The Southern IX team was involved in the creation of now-defunct K-pop groups Skarf and OhBliss, among others. As part of the entertainment company’s expansion plans, Southern IX CEO Alan Chan is ...
Thailand is now the Myanmar junta’s favored banking destination as military attacks ramp up, UN expert says
In 2022, Singapore-based banks facilitated more than 70% of the junta’s purchases passing through the banking system. By 2023, that had dropped to under 20%, the report found. Looking for other ...
DBS to power same-day peer-to-peer cross-border payments with Mashreq
The service, powered by DBS Globesend, will be rolled out in selected markets across Asia Pacific, Europe and the Americas.
Singapore determined to respond to financial crime
SINGAPORE: Singapore faces greater money laundering and terrorism financing risks than other countries because it is an international finance and business hub, says Prime Minister Lawrence Wong. “But ...
Possible CEO changes at DBS, UOB should be seen as positive
Are more high-level changes in Singapore’s finance sector forthcoming? The chief executive officers of DBS and UOB are older than Menon, and have been in place since September 2009 and April 2007, ...
Singapore Needs Reforms to Revive Its REITs
Activist investors are agitating to balance a playing field tilted against them. Regulators must also do their bit.
Singapore is world’s most expensive city
Singapore has reaffirmed its position as the world’s most expensive city, according to Julius Baer’s The Global Wealth and Lifestyle Report 2024. The city has also secured its status as the priciest ...
Singapore says seized more than $4B in dirty money since 2019
SINGAPORE ― Singapore has seized SG$6 billion ($4.4 billion) linked to crime and money laundering since 2019, the wealthy city state said Wednesday, after a massive dirty money scandal marred its ...
Singapore Says It Has Seized $4.4 Billion in Dirty Money Since 2019
Authorities in the city-state reported that money laundering activities are increasingly sophisticated and involve large sums, affecting many victims across borders.
Singapore stocks inch up on Wednesday as May factory output beats forecasts
SINGAPORE stocks ended slightly higher on Wednesday (Jun 26), as the city-state’s factory output data beat forecasts in May. Read more at The Business Times.
Singapore seized $6 billion in dirty money since 2019
Singapore has seized S$6 billion ($4.4 billion) linked to criminal and money laundering activities over the past five years, of which about half of these illicit assets were from last year’s record ...
Singapore Says Seized More Than $4 Billion In Dirty Money Since 2019
Last week, financial authorities said the banking sector, including wealth management, was "assessed to pose the highest money laundering risks to Singapore". They added that banks were "more easily ...
The HSBC Revolution Card’s Latest Nerf—Bye Bye 10X Points on Contactless Payments and Travel Spend (MoneySmart Review 2024)
Uh oh. We have another nerf. The HSBC Revolution Card has been a favourite among Singapore credit card users for letting you earn HSBC rewards points for online and contactless transactions. That ...