One cybersecurity expert pointed out a potential weakness in OCBC’s digital token set-up procedure that might have made it an attractive target. ( read original story ...)
OCBC goodwill gesture raises scam compensation question
Singapore bank OCBC has agreed to reimburse S$8.5 million to 469 customers who fell for an SMS phishing scam in December. It is a generous move, but perhaps a surprising one; scammers impersonating ... ( read original story ...)
UOB injects $425 million into China subsidiary
SINGAPORE - UOB is beefing up its China subsidiary so it can provide more regional services and sustainability-related solutions. . Read more at straitstimes.com. ( read original story ...)
Adani Wilmar IPO opens tomorrow: Everything you need to know
The Rs 3,600 crore initial public offering (IPO) of edible oil manufacturer Adani Wilmar is available from January 27-31, 2022. It has a price band of Rs 218-230 per share. ( read original story ...)
UOB projects Budget 2021 deficit at $5.8b
The value is 1.1% of Singapore's GDP. Ahead of the announcement of Budget 2022 on 18 February, UOB released their projections as well as reviews on the 2021 budget. Whilst the economy contracted 5.4% ... ( read original story ...)
Netizen asks DBS to have locals man call centres, bank’s response to “rest arouse our officers are well-trained regardless” proves her point
In a case of public relations gone slightly awry, DBS Bank got itself into a spot with a netizen on Monday (Jan 25). The netizen who goes by the name of Suling Tan commented on one of DBS’ Facebook ... ( read original story ...)
Singapore Stock Market Has A Red Light For Wednesday’s Trade
The Singapore stock market has tracked lower in back-to-back sessions, sliding almost 50 points or 1.4 percent along the way. The Straits Times Index now sits just beneath the 3,250-point plateau and ... ( read original story ...)
From OCBC phishing to the ‘Macau scam’, how cyber criminals from Singapore and Hong Kong to Malaysia and India stay one step ahead of the banks
A series of frauds that cost OCBC Bank users in Singapore at least US$6.33 million shines a light on how phishing scams across Asia are getting ever more sophisticatedThe growth of digital services ... ( read original story ...)
6 Best Savings Accounts in Singapore with No Minimum Balance
Banks like to put nasty conditions like high minimum balances and fall below fees on their accounts to force people to keep more money with them, and at the same time make a bit of cash out of errant ... ( read original story ...)
330,000 visitors, led by Chinese tourists, to Singapore in 2021: STB
Singapore saw just 330,000 international visitor arrivals and an estimated $1.9 billion in tourism receipts last year, a fraction of its tourism performance pre-pandemic ... ( read original story ...)
Singapore unexpectedly tightens monetary policy to fight inflation
Analysts expect further action by the Monetary Authority of Singapore at its semi-annual policy meeting in April. ( read original story ...)
Singapore tightens in surprise move
Singapore has unexpectedly tightened monetary policy to join the global fight against accelerating inflation, sending its currency to the strongest since October last year. The Monetary Authority of ... ( read original story ...)
Singapore: Inflation accelerated in December – UOB
Barnabas Gan, Economist at UOB Group, reviews the latest inflation figures in Singapore. Key Takeaways “Singapore’s consumer prices rose at its fastest rate since Feb 2013 at ... ( read original story ...)
Singapore firms enjoy more IPO options now, say experts
SINGAPORE -Singapore companies pursuing initial public offerings (IPOs) now have more options on where to go public. . Read more at straitstimes.com. ( read original story ...)
Singapore to Tighten Further With More FX Action Seen in April
Singapore’s central bank isn’t done yet, with economists predicting further tightening at its next scheduled meeting after a surprise move Tuesday to blunt rising inflation risks.Most Read from ... ( read original story ...)
UPDATE 5-In surprise move, Singapore tightens monetary policy on inflation risks
Singapore's central bank tightened its monetary policy settings on Tuesday in its first out-of-cycle move in seven years, as global supply constraints and brisk economic demand elevate inflation ... ( read original story ...)