This interoperability is the result of a close collaboration between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS).
Singapore stocks climb ahead of US inflation report, STI up 0.7%
The Straits Times Index (STI) here didn’t miss out, rising 21.45 points or 0.7 per cent to 3,201.41 with turnover coming in at 1.01 billion shares worth $760.6 million while gainers outpaced losers ...
Singapore and Malaysia strengthen ties with progress on rail link, special economic zone with Johor
JOHOR] SINGAPORE and Malaysia achieved several bilateral milestones on Thursday (Jan 11), with significant progress on the Johor Bahru-Singapore Rapid Transit System (RTS) Link and a memorandum of ...
5 Top Fintech Trends Set to Define Singapore in 2024
These 5 fintech trends in Singapore underscore the nation's commitment to establishing a more efficient and inclusive financial ecosystem.
Man in S’pore allegedly collected scam monies for woman he met on dating platform, helped convert it to crypto
A man who allegedly collected money from scam victims before moving the funds to cryptocurrency wallets overseas was charged on Jan 11.
Singapore’s ‘Money Lock’ Safeguards S$3.2 Billion Across 38,000 Bank Accounts
Singapore's Money Lock feature has been activated on approximately 38,000 account holders since its introduction by Singaporean banks in November ...
Over 670 Singapore Remittances to China Frozen, MAS to Aid Those Affected
The Singapore Police Force received over 670 reports concerning funds remitted to China that were subsequently frozen.
OCBC prices $450M perpetual capital securities; first callable set for 2029
The notes come with a coupon rate of 4.05% per annum (p.a.) and are subject to redemption conditions. The first callable date is set for 2029, with the option for redemption on Oct 16, 2029, or any ...
‘Money lock’ activated for about 38,000 Singapore bank accounts, protecting over S$3.2 billion in savings
THE “money lock” feature offered by local banks – which lets customers set aside funds so they cannot be transferred – has been activated on about 38,000 accounts in Singapore, with over $3.2 billion ...
Singapore stocks fall amid caution ahead of US inflation report, STI down 0.6%
Singapore Airlines jumped 1.7 per cent to $6.54. CGS-CIMB Research upgraded the stock from “reduce” to “add”, citing re-rating catalysts from strong passenger demand and rising cargo yields amid ...
Standard Chartered brings in former HSBC trade head Ng
Standard Chartered has appointed former HSBC trade head Alan Ng as executive director and head of trade for business banking, based in Singapore. Ng joins after more than 15 years at HSBC, most ...
Should investors invest into these STI-tracked ETFs? PhillipCapital takes a closer look
The team estimates that the implied value for Nikko AM Singapore STI ETF is $3.69 and $3.73 for the SPDR Straits Times Index ETF.
MAS to review extension of brief ban on non-bank, non-card remittances to China
MAS will decide before end March whether to extend the suspension beyond March 31. Read more at straitstimes.com.
Singapore Asks China For Information on Frozen Remittances
Read More: Singapore Regulator Halts Some Remittance Routes to China Singapore’s regulator last month ordered remittance companies in the city-state to halt the use of non-bank and non-card channels ...
OCBC prices $450 mil perpetual capital securities first callable in 2029
Oversea-Chinese Banking Corporation (OCBC) has priced $450 million worth of perpetual capital securities under its US$30 billion ($39.95 billion) global medium term note programme.
Singapore shares decline at Wednesday’s open; STI down 0.4%
SINGAPORE stocks opened weaker on Wednesday (Jan 10) following overnight losses on Wall Street, as weak US trade data weighed on investor sentiment. Read more at The Business Times.