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Singapore Gov’t Should Not Interfere in GIC Investments, Says Minister
The Singapore government should not direct or interfere with sovereign wealth fund GIC’s investment decisions, emphasised Chee Hong Tat.
HSBC curbs hiring, reins in banker travel in cost-cutting push
Era of stubbornly high interest rates that fueled the profits of large banks coming to an end. Read more at straitstimes.com.
DBS boosts digital asset push with first stablecoin tie-up
The move comes amid Singapore’s efforts to promote productive uses of underlying blockchain technology. Read more at straitstimes.com.
Singapore digital banks face down ticking clock
TIME flies and it has already been four years since the digital retail banks in Singapore made a modest splash with their launch on the banking scene. With the initial hype behind them, both GXS bank ...
Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report
The largest bank in Singapore is partnering with a major stablecoin issuer to offer a new crypto custody service.
Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...
Indranee Rajah on Bills to strengthen Singapore’s anti-money laundering regime
Corporate service providers (CSPs) support companies in a range of key activities. They therefore serve as “gatekeepers” against the misuse of companies and are regulated by the Accounting and ...
New Singapore law quadruples fines for corporate service providers that breach anti-money laundering duties
The new law will require all businesses that provide corporate services to register with ACRA, even if they do not transact with the authority.
UOB confident to “contribute meaningfully” to Johor-Singapore Special Economic Zone development
"With UOB’s extensive regional network... we are well positioned to support business growth in Singapore, Malaysia, and across the region." — UOB ...
Paxos gains approval for Singapore stablecoin launch with DBS partnership
Paxos has received regulatory approval from the Monetary Authority of Singapore to launch a stablecoin, partnering with Southeast Asia’s largest bank, DBS, for banking services. This marks Paxos’ ...
Singapore will not direct GIC to invest in locally listed companies: Chee Hong Tat
SINGAPORE - Singapore will continue to find ways to improve the attractiveness of Singapore’s equity market, but it will not direct sovereign wealth fund GIC to invest in locally listed companies, ...
Singapore banks lead uptick; STI up 0.9%
SINGAPORE stocks continued on their uptick on Tuesday (Jul 2), following gains by the local banks. Read more at The Business Times.
Singapore banks surge to record highs on Tuesday
THE share prices of the three local banks traded at record highs on Tuesday (Jul 2) after the midday break, with OCBC and UOB breaching all-time records after an initially mixed showing at the opening ...
Is Shunned Shein The Future For Blockbuster China IPOs?
Shein may end up listing in Hong Kong, after its New York IPO plan collapsed and its latest London plan faces similar geopolitical pressures The case shows how blockbuster IPOs by Chinese firms are ...
Health insurer Niva Bupa files draft prospectus for Rs 3,000 crore IPO
The issue consists of a fresh issue of Rs 800 crore and an offer for sale of upto Rs 2200 crore by its existing shareholders and promoters.