The 74-year-old said he was attracted by a deal on Facebook offering 1.5kg of Peking duck for the equivalent of US$17.30. It ended up costing him almost US$51,000.
Singapore Defends Reputation As $2 Bn Money Laundering Case Widens
Reports that China had put any pressure on Singapore to resolve the case were "completely untrue," she added. Second Minister of Finance Indranee Rajah said an inter-ministerial committee will be ...
Govt says S$2.8b money laundering case enforcement shows S’pore’s commitment to keep clean
MAS has a three-pronged strategy to bolster the country's defences against money laundering and terrorism financing risks.
UOB appoints WEF, Schneider Electric, Seatrium leaders to new sustainability advisory panel
The trio of sustainability and industry experts will advise UOB’s leaders on its sustainability strategy, targets and initiatives.
UOB sets up Sustainability Advisory Panel with appointment of sustainability and industry experts
UOB has set up a Sustainability Advisory Panel comprising sustainability and industry experts to independently advise the Bank's Board and Management on its sustainability strategy, targets and ...
DBS partners with The Secret Little Agency to show their support for Singapore’s hawkers
Like many business owners in Singapore, food hawkers are in a tough spot. Most of them would rather not raise prices or reduce their portions, but the realities of rising inflation, rental costs and ...
Singapore shares fall at Wednesday’s open, tracking global sell-off; STI down 1.1%
SINGAPORE stocks opened weaker on Wednesday (Oct 4), following overnight losses in global markets as surging Treasury yields weighed on investor sentiments. Read more at The Business Times.
Premature to judge banks’ culpability in S$2.8b money-laundering case, says Josephine Teo in response to Leong Mun Wai
Funds in bank accounts that are seized in money laundering cases do not belong to the banks involved, and the amount of these funds should not be linked to the banks' culpability in such cases before ...
Ministers respond to clarifications sought on Singapore’s anti-money laundering regime
Second Minister for Home Affairs Josephine Teo, Monetary Authority of Singapore board member Alvin Tan and Second Minister for Finance and National Development Indranee Rajah addressed clarifications ...
UPDATE 1-Bank debt sales surge in cashed-up Singapore
“When the dollar space is stressed, people seek out alternative markets,” said Clifford Lee, managing director and global head of fixed income at DBS Bank in Singapore. The drawcard for issuers are ...
Singapore to set up inter-ministerial panel, review measures to boost anti-money laundering controls
SINGAPORE will form an inter-ministerial committee to consider further measures to strengthen its anti-money laundering regime. Read more at The Business Times.
UOB first Singapore bank to trial Microsoft AI
Singaporean bank UOB will begin its use of Microsoft 365 Copilot in October, with 300 of its employees across multiple frontline and back-end business functions progressively gaining access to the new ...
UOB pioneers trial of Microsoft 365 Copilot Generative AI tool across multiple business functions to enhance productivity and collaboration
SINGAPORE – Media OutReach – 3 October 2023 – UOB is the first Singapore bank to trial Microsoft 365 Copilot, a Generative Artificial Intelligence (Generative AI)-powered productivity tool. As part of ...
Explainer-How Singapore’s Unique Monetary Policy Works
SINGAPORE (Reuters) - Singapore's central bank has a unique method of conducting monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other ...
Bank debt sales surge in cashed-up Singapore
Find out more about subscription packages here. BANK debt sales in Singapore are tracking toward a second consecutive annual record as attractive currency swaps and cash-rich investors lure issuers to ...
Singapore Seizes More Than $2 Billion as Massive Money Laundering Probe Widens
The case is shining a light on fund flows from abroad and whether the city-state's $2 trillion financial sector has done enough to block dubious transactions.