Singapore's financial landscape is experiencing a significant transformation with the emergence of virtual banks. This move towards digital banking heralds a new era in financial services, ...
Convicted Singapore tycoon’s mansion sold at US$3.1 million discount
A significant discount offered on OK Lim’s high-end property indicates valuations at the pointy end of the market are under pressure.
Bank of Singapore Targets 20% Asset Expansion in Middle East
Bank of Singapore is strategically focusing on expanding its presence in the Middle East, forecasting a significant increase in assets and revenue from the region over the next five years. The ...
DBS Bank Pioneers Blockchain-Powered Government Grant Disbursements
Singapore's DBS Bank has introduced a blockchain-powered solution to ensure improved government grant disbursement.
Singapore to stay nimble and vigilant in a more challenging world and recent mpox outbreak, says PM Wong
adding that the 11th Malaysia-Singapore Leaders’ Retreat in Malaysia later this year, more visits within Asean, and meetings with key partners outside the region are also in the calendar. Wong, who is ...
IPO Of 7-Eleven Rival In Malaysia Likely To Make Founder The Country’s Newest Billionaire
Assuming the over-allotment option is fully exercised, Lee, together with his wife, Ng Lee Tieng, who has a board seat at 99 Speed Mart, will own a post-IPO stake of 80% ... Burger King franchise in ...
Singapore stocks open flat on Friday as US stocks fall and Europe stocks gain
SINGAPORE: Singapore stocks opened flat on Friday, Aug 23, following a decline in US indices and an overnight rise in Europe’s main stock index. The Straits Times Index (STI) saw a slight uptick, ...
Singapore fintech MoneyHero makes unsolicited US$8 million bid to acquire MoneySmart
The Singapore fintech company operates online personal finance platforms that recommend financial products. It runs platforms such as Seedly and SingSaver in Singapore, and also has a presence in Hong ...
Bank of Singapore looks to double revenue from Middle East in 3 years
UAE, and in particular Dubai, have become key destinations for global millionaires post-COVID, says bank’s top official ...
Singapore July core inflation 2.5% y/y, lowest in more than two years
Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday. The core inflation rate - which excludes private ...
OCBC’s Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
A unit of OCBC and one of Asia’s biggest private banks, Bank of Singapore has grown its assets under management (AUM) to US$116 billion (S$152 billion) as at end-September 2023 from about US$20 ...
Singapore shares open flat on Friday after US, Europe indices close mixed overnight
SINGAPORE shares opened flat on Friday (Aug 23) morning, after US indices fell and Europe’s main stock index climbed overnight. The Straits Times Index rose 0.03 point to 3,373.61 as at 9.01 am.
Scam victims in Singapore lost $385.6m in first half of 2024 as cases hit high of 26,587
Singapore is lowering the maximum limit on daily CPF withdrawals from $200,000 to $50,000, starting next month. It's also considering giving police the power to restrict a scam victim's banking ...
Revenue-Based Finance Provider Efficient Capital Labs Secures Series A Funding Co-Led by QED and 645 Ventures
Efficient Capital Labs (ECL), one of the leading revenue-based financing providers that provide non-dilutive capital to B2B SaaS companies in the South Asia-U.S. corridor, has announced fundraising of ...
Major Stake Sales and Purchases in PNB Housing Finance
Asia Opportunities V (Mauritius) sold a 3% stake in PNB Housing Finance for Rs 676 crore, while the Government of Singapore acquired 16 lakh shares for Rs 143.74 crore. This transaction reduced Asia ...
DBS and UOB not worried about competition from digital banks
Traditional banks in Singapore have managed to maintain market share in casa growth despite the presence of pure digital banks.