In its fight against money laundering, Singapore provides operational licenses to crypto businesses that can showcase robust Anti-Money Laundering (AML) controls.
Norway’s $1.4 trillion investment fund is shutting its China office
Norges Bank Investment Management (NBIM), which operates the world’s largest sovereign wealth fund, has started the process of closing down its office in Shanghai, in another sign of big global ...
Norway’s $1.9 trillion wealth fund starts winding down China office as Asia hub shifts to Singapore
The fund is initiating the process to close its representative office in Shanghai due to “operational considerations". Read more at straitstimes.com.
Prime Minister advances trade ties, investment, and innovation with Singapore
CNW/ - As Canada kicks off a new chapter as an Association of Southeast Asian Nations (ASEAN) strategic partner, we are further deepening ties with the Indo-Pacific region. Canada and Singapore ...
S’pore households’ net worth up in Q2 with more money going to investing, insurance
In Q2, household net worth was up 8.9% from the same period last year to around $2.7 trillion. Read more at straitstimes.com.
Singapore Shares May Hand Back Thursday’s Gains
The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.5 percent. The Straits ...
5 Simple Steps to Become a Singapore Stock Market Millionaire
How to master the art of Smart Investing The post 5 Simple Steps to Become a Singapore Stock Market Millionaire appeared first on The Smart Investor.
Singapore Asks Banks to Probe Dealings With Laundering Suspects
Singapore’s central bank has directed financial institutions to review any relationships with individuals tied to a money laundering scandal involving over S$1.8 billion ($1.3 billion) of assets.
New security feature on OCBC app has prevented loss of S$2 million
THE anti-malware security feature on the OCBC Digital app has prevented scammers from making away with more than S$2 million since its launch on Aug 5. Read more at The Business Times.
Interest Rates and Returns for Singapore Savings Bonds (SSB) in September 2023
In recent months, the interest rate and therefore returns of the Singapore Savings Bond (SSB) have been at record highs. Should you buy the SSB? Read on as we delve deeper into the Singapore Savings ...
IPO-bound Ola Electric raises $140 mn from Temasek-led funding round at $5.4-bn valuation: Report
While Temasek is infusing around $90 million, the firm will raise the remaining amount from family offices. This is part of the ongoing round wherein Ola Electric is planning to raise up to $250 ...
More identification of people behind decentralised finance activities needed: Watchdog
An international watchdog has called on regulators around the world to identify the entities responsible for decentralised finance (DeFi) activities and in turn throw more light on an often murky ...
Ola Electric receives $140 million funding from Singapore state investor Temasek
Singapore state investor Temasek has invested $140 million in Ola Electric Mobility Pvt. Ltd as a part of the ongoing round to raise $250 million, sources informed CNBC-TV18. This comes after Reliance ...
Australian Billionaire Wants Submarine Cable to Export Solar Power to Singapore and Beyond
SunCable could help Asia’s fossil-fuel dominated economies—particularly those with limited space for solar and wind farms—switch to cleaner electricity sources.
New security feature on OCBC banking app prevents loss of S$2 million
THE anti-malware security feature on the OCBC Digital app has prevented scammers from making away more than S$2 million since its launch on Aug 5. Read more at The Business Times.
OCBC’s Anti-Malware Feature Foiled All Scam Attempts Since August Launch
OCBC said its anti-malware security feature has prevented scammers from stealing more than S$2 million from more than 30 customers.