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Tag: finance

Posted on 28/12/2023

Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online

SINGAPORE: A deepfake video of Deputy Prime Minister Lawrence Wong is being spread on social... The post Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online ...

Posted on 28/12/2023

Credit Suisse Slapped With $3M Fine By Singapore In Effort To Curb Financial Malpractices

In a move aimed at curbing financial malpractices, Credit Suisse has been hit with a $3 million penalty by the Monetary Authority of Singapore (MAS). The bank’s relationship managers were found to be ...

Posted on 28/12/2023

Singapore’s Budget 2024 to be delivered by DPM Lawrence Wong on 16 February 2024

Budget Statement will be delivered on Friday, 16 February 2024, by Deputy Prime Minister and Minister for Finance Lawrence Wong. To be delivered in Parliament, there will be live television and radio ...

Posted on 28/12/2023

6 things to note about CPF contributions in Singapore

The Central Provident Fund (CPF) was started by the Singapore government in 1955 as a key pillar of the country's social security system. It is run by the CPF Board, made up of a chairman and 14 other ...

Posted on 28/12/2023

Singapore factory output rises 1% in November, missing forecasts

SINGAPORE – Singapore’s factory output grew in November for a second month but fell short of expectations, largely due to a significant deceleration in electronics, as well as contractions in ...

Posted on 28/12/2023

Singapore’s 2024 Budget statement to be delivered in Parliament on Feb 16

Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore's 2024 Budget statement in Parliament on Feb 16, the Ministry of Finance (MOF) said on Thursday (Dec 28).

Posted on 28/12/2023

Singapore imposes civil penalty on Credit Suisse for managers’ misconduct

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank's failure to prevent or detect misconduct by its relationship managers, the ...

Posted on 28/12/2023

Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion

Seatrium Financial Services, a wholly-owned subsidiary of Seatrium Limited, has successfully refinanced an existing loan facility due in February 2024 with a $400 million committed loan facility from ...

Posted on 27/12/2023

Singapore stocks extend rally on Fed-fuelled rate optimism; STI up 1%

THE year-end cheer was evident in the region on Wednesday (Dec 27) as optimism fuelled stock markets. Read more at The Business Times.

Posted on 27/12/2023

A Complete Guide to Citibank Foreign Currency Account

Need to hold funds in a foreign currency outside of the region you are residing in? Citibank's Foreign Currency Account may be your solution - with a single account, you can conveniently carry out ...

Posted on 27/12/2023

UOB Vietnam increases charter capital to expand services

VOV.VN - Singapore-based United Overseas Bank (UOB) has decided to inject an additional VND3 billion into its affiliate bank in Vietnam (UOB Vietnam), raising its affiliate’s charter capital to VND8 ...

Posted on 27/12/2023

Singapore’s Economic Outlook for 2024

Singapore’s growth forecast for 2024 is looking up and inflation rate is likely to ease. Here’s a quick look at Singapore’s economic outlook for next year.

Posted on 27/12/2023

Singapore and Norway in top ten richest countries

Singapore and Norway make it into the top ten of Global Finances' list of richest countries in the world. But the first place might shock you.

Posted on 27/12/2023

Singapore-Based FII-Backed Stock In Focus On Divestment of 100% Stake In Subsidiary

Small-cap financial services company LKP Finance Limited has a market worth of around Rs 285 Cr. The stock is in the limelight as the company stated that it is selling all of its shares in its ...

Posted on 27/12/2023

Singapore core inflation dips to 3.2% in November, expected to remain elevated in the near term

Last month saw slower price increases for retail and other goods, food, as well as electricity and gas. Read more at straitstimes.com.

Posted on 26/12/2023

Starbucks, Tim Horton’s Among Global Coffee Chains Eyeing Singapore For Expansion Despite Stiff Local Competition

What Happened: CNBC reported on Tuesday that several global coffee brands have launched new outlets in Singapore in recent months. These include China’s Luckin Coffee, Indonesian chains Kenangan ...

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