MORE female-owned businesses in Singapore took loans from OCBC, following the launch of a programme aimed at accelerating the growth of women-led small and medium-sized enterprises (SMEs) in April.
Former bank employees in Singapore charged in money laundering scheme
Two former bank relationship managers are facing multiple charges for their involvement with a billion-dollar money laundering operation that converted dirty money into assets held in Singapore, ...
Singapore jails businessman who tried to buy Newcastle United in 2020
Loh made headlines in 2020 for an attempt to buy Newcastle United but left Singapore weeks later amid allegations of accounting irregularities.
StanChart unveils account linking clients’ rates to their ESG performance
The corporate banking product will be piloted in the bank’s Hong Kong and Singapore markets before a further rollout “in due course.” ...
Nelson Loh jailed 15 years, 9 months for forgery, cheating, money laundering
In a statement on Friday (Aug 16), the Singapore Police Force said that Loh was convicted ... BT had previously reported these banks as Maybank, Standard Chartered Bank, Citibank, DBS, UOB and HSBC.
Singaporean linked to Newcastle United takeover bid, jailed 15 years and nine months
He faced a total of 60 charges, including over cheating, forgery and money laundering. Read more at straitstimes.com.
Sea returns to black in 2QFY2024, OCBC keeps ‘buy’ at raised FV of US$90
While Sea returned to the black in its 2QFY2024, OCBC's Lim notes that its EPS of 14 US cents came in below estimates.
Max Maeder and DBS CEO Piyush Gupta banter over Olympic Village muffins, role models and exercise routines
After his historic performance at the Marseille Marina, Olympic Bronze medalist Maximilian 'Max' Maeder returned to Singapore to much fanfare. From the moment he landed at Changi Airport to the ...
Singapore Lifestyle Firm Seeks $50 Million Private Loan for Luxury Indonesian Resort
Singapore-based lifestyle and hospitality investment company Rascal Ventures Pte. is seeking around $50 million of private credit to expedite the completion and opening of its luxury resort in ...
Johor-Singapore SEZ to spur investments from mainland China, Taiwan, UOB says
UOB’s managing director believes investors will want to take advantage of tax incentives offered within the special economic zone.
StarHub finance chief Dennis Chia resigns, GoTo’s Jacky Lo to take over
Dennis Chia has resigned from his position just over nine years into the role, citing “personal reasons”. Read more at straitstimes.com.
The Beginner’s Guide to Singapore Treasury Bills for Individual Investors 2024: What are T-bills and How to Apply
Thinking about where to park your hard-earned cash in Singapore? You’re looking in the right place. Living in one of the world’s most expensive cities isn’t easy on the wallet.... The post The ...
UOB to move back and middle-office operations to KL to maintain 40% cost-to-income ratio and 14% ROE by 2026
SINGAPORE: UOB is moving some of its back and middle-office functions to Kuala Lumpur (KL),... The post UOB to move back and middle-office operations to KL to maintain 40% cost-to-income ratio and 14% ...
Singapore stocks open higher on Friday—STI climbed by 1%
SINGAPORE: Singapore stocks open higher on Friday, Aug 16, after non-domestic exports exceeded expectations. July’s exports saw a surprising 15.7% increase, boosting market confidence. The Straits ...
Singaporean victims lose $36M in online investment scams
Singapore's police have reported that victims lost at least US$36 million in less than two months to conmen touting investment scams on chat groups and social media platforms.
Tencent-Backed Airwallex Reaches $500 Million in Sales, Eyes IPO Readiness
Airwallex, a payments startup backed by Tencent, has reached a significant milestone with an annual revenue run rate of $500 million. CEO and co-founder Jack Zhang revealed the company’s aim to become ...