Dozens of his assets and properties may be seized, the DOJ said. They include a Singapore-registered 2022 Ferrari F8 Spider, bank accounts with CIMB Bank, Citibank Singapore and banks in Thailand, a ...
Singapore gets lion’s share of private equity amid regional decline: Bain report
Singapore captured over 40 per cent of capital investment in companies that are not publicly traded. Read more at straitstimes.com.
Gas investments in SE Asia undermine green energy, climate push: Report
Gas projects risk locking in decades of costly polluting energy and holding back investments in cheaper renewables. Read more at straitstimes.com.
Cheetahs and casinos: Links between environmental crimes and money laundering in Singapore
SINGAPORE: In 2020, a bank in Singapore found that one of its customers had paid S$130,000 to a South African supplier for 11 cheetahs.
Singapore to invest $222 mln to boost quantum computing capability
Tech firms such as Microsoft, Alphabet's Google and IBM as well as nation-states across the world are racing to create machines that can take advantage of quantum mechanics and potentially be capable ...
Singapore to invest nearly S$300 million in quantum tech research and talent
SINGAPORE will invest close to S$300 million over the next five years to boost quantum technology research and talent – including efforts to build processors for quantum computers locally. Read more ...
Fast-fashion behemoth Shein is preparing for an IPO. Here’s an inside look at the challenges it could face.
Fast-fashion phenomenon Shein is expected to go public this year in a hotly-anticipated listing.
BNPL to account for 2% of total spending in Singapore by 2027, unchanged from 2023: Worldpay
BUY now, pay later” (BNPL) will remain as one of the payment methods in Singapore, together with digital wallets and credit and debit cards, according to Worldpay’s 2024 Global Payments Report. Read ...
Woman in SG, 75, opened bank account on boyfriend’s behalf, received RM900,000 from suspicious sources
An elderly woman who met her “online boyfriend” on WhatsApp opened a bank account on his behalf which was later used to receive nearly S$260,000 (RM904,636) from suspicious sources.
Citi Private Bank sees opportunities in Singapore, region in 2024
Citi Private Bank has completed most of its job cuts and is optimistic about 2024 as it gains new clients in Singapore and the region, and grows its core assets under management by double-digits.
BNPL to account for 2% of total spending in S’pore by 2027, unchanged from 2023: Worldpay
Singapore consumers spent $3.4 billion online and in store using BNPL services. Read more at straitstimes.com.
Cheetahs and casinos: Links between environmental crimes, money laundering in Singapore
It added that, so far, there have been no known cases of illicit funds from environmental crimes being passed through casinos in Singapore. But in Laos, a criminal network used a casino to traffic ...
Hong Kong is more entrepreneurial, open and diverse than Singapore, finance chief Paul Chan tells US businesses
Hong Kong is more entrepreneurial, open and diverse than Singapore, the city’s finance chief has told US business leaders during his visit to the country as he looks to lure companies eyeing expansion ...
Singapore’s OCBC investing US$192 million in Hong Kong, Macau to support business growth, CEO Helen Wong says
The Singaporean lender’s digital banking capability will increase substantially and lead to greater use of AI and machine learning in its products and services, CEO Helen Wong says.
Malaysia should explore joint fund with Singapore to develop new semiconductor hub
Malaysia should explore the possibility of setting up a joint investment fund to develop a new semiconductor hub in the Johor-Singapore Special Economic Zone, said Prof Ong Kian Ming. The proposed ...
Yangzijiang steams ahead, but STI dips 6.89 points, in line with Asian market slide
Advancers beat decliners 255 to 311, with $1.3 billion worth of securities changing hands. Read more at straitstimes.com.