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Tag: finance

Posted on 12/12/2024

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 ...

Posted on 12/12/2024

Analysts upgrade Singapore’s GDP growth for 2024, but see slower year ahead

Economists have upgraded Singapore's GDP growth for this year, on the back of new export orders, especially in electronics. In a quarterly survey conducted by the central bank, analysts say ongoing ...

Posted on 12/12/2024

Singapore robotics startup pushes U.S., Japan foray with new funding

SINGAPORE -- Eureka Robotics, a spinoff from Singapore's Nanyang Technological University (NTU), is entering the U.S. market next year and expanding its presence in Japan following a $10.5 million ...

Posted on 11/12/2024

HSBC’s CEO eyes $3 bil in potential savings from overhaul

Since taking charge in September, Elhedery has already cut the size of his own group executive committee by about a third.

Posted on 11/12/2024

Singapore Bank 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 ...

Posted on 11/12/2024

Singapore’s youngest billionaire Kishin RK, father set up Abu Dhabi family office

Singapore’s father and son billionaire duo, Raj and Kishin Kumar, are establishing a family office in Abu Dhabi to manage their wealth in the Middle East.

Posted on 11/12/2024

Former bank 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 ...

Posted on 11/12/2024

Identity thief sabotages Singapore couple’s Tokyo DisneySea trip by blocking their bank cards

JAPAN: A recent holiday to Japan became a financial nightmare for Singaporean Melvin Chan and his wife when their bank accounts were locked, and their credit cards were cancelled by identity thieves.

Posted on 11/12/2024

10 Best Savings Accounts in Singapore with the Highest Interest Rates (Dec 2024)

Savings accounts have a simple premise, but often come with complex mechanisms for you to earn bonus interest. When you open a savings account with a bank, you deposit money into it and let that money ...

Posted on 11/12/2024

Vishal Mega Mart IPO Opens: Price, GMP, Subscription Status, Allotment Details; Should You Apply Or Avoid?

Vishal Mega Mart IPO has finally opened on. Ahead of the IPO, the company garnered up to Rs 2,400 from anchor investors on December 10. The latest GMP signals at double-digit premium listing on BSE ...

Posted on 11/12/2024

Singapore Bourse May See Renewed Consolidation

The Singapore stock market on Tuesday ended the two-day slide in which it had fallen almost 30 points or 0.8 percent. The Straits ...

Posted on 11/12/2024

Stellar Ace’s ‘SkyWalk’ – a new large OOH advertising format – launches with OCBC’s Seagrass Restoration campaign

Innovative OOH advertising solutions such as SkyWalk allows OCBC to reach the right people in an efficient, cost-effective, eye-catching way.” ...

Posted on 11/12/2024

OCBC to triple quantum workforce to boost security

The Singapore bank expects significant tech advancements in the next five to 10 years. Oversea-Chinese Banking Corp. Ltd. (OCBC) is tripling the number of workers in quantum computing as it tries to ...

Posted on 10/12/2024

Bank stocks drive Singapore shares higher on Tuesday; STI up 0.5%

SINGAPORE stocks closed Tuesday (Dec 10) in positive territory, boosted by gains of the local banks. Read more at The Business Times.

Posted on 10/12/2024

Bank stocks lift Singapore shares; STI up 0.5%

Seatrium was the biggest winner on the STI, up 1.5 per cent or three cents at $2.04. Mapletree Industrial Trust lost the most, down 1.3 per cent or three cents at $2.23.

Posted on 10/12/2024

Why Is Singapore Equity Attractive To Investors?

The Straits Times Index offers high dividend yields and low volatility. These can be attractive to investors seeking income or defensiveness as the world moves towards a rate cut cycle.

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