HSBC will also increase its Asian investments, particularly mainland Chinese ventures. It raised its stake in HSBC Qianhai Securities to 90% in 2022 from 51% and assumed full ownership of HSBC Life ...
What was Singapore’s most searched stocks and brands in 2023?
Yahoo recently released its Year in Review 2023 report, so in this article I’ll be breaking down which were the top searched stocks and brands and what it might mean from an investor’s perspective.
Seatrium refinances loan facility with $400M from DBS
Seatrium highlights that this strategic move is intended to bolster the company's pursuit of environmental, social, and governance (ESG) ...
A year of firsts for the Singapore stock market
WHEN I was asked to contribute a commentary to mark the year end, it was suggested to me that the topic should perhaps be along the lines of “A year of wins for shareholders”. As I looked through my ...
Singapore fines Credit Suisse US$3 million over bankers’ misconduct
The Monetary Authority of Singapore said that Credit Suisse bankers provided clients with inaccurate or incomplete post-trade disclosures, resulting in customers being charged above agreed rates.
Credit Suisse penalised $3 million after Singapore probe
The action on Credit Suisse follows its review of pricing and disclosure practices in the private banking industry, according to the MAS. The regulator said that its investigations revealed that ...
Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online
SINGAPORE: A deepfake video of Deputy Prime Minister Lawrence Wong is being spread on social... The post Scam alert: Deepfake ST video of Lawrence Wong promoting ‘guaranteed investment’ spread online ...
Credit Suisse Slapped With $3M Fine By Singapore In Effort To Curb Financial Malpractices
In a move aimed at curbing financial malpractices, Credit Suisse has been hit with a $3 million penalty by the Monetary Authority of Singapore (MAS). The bank’s relationship managers were found to be ...
Singapore’s Budget 2024 to be delivered by DPM Lawrence Wong on 16 February 2024
Budget Statement will be delivered on Friday, 16 February 2024, by Deputy Prime Minister and Minister for Finance Lawrence Wong. To be delivered in Parliament, there will be live television and radio ...
6 things to note about CPF contributions in Singapore
The Central Provident Fund (CPF) was started by the Singapore government in 1955 as a key pillar of the country's social security system. It is run by the CPF Board, made up of a chairman and 14 other ...
Singapore factory output rises 1% in November, missing forecasts
SINGAPORE – Singapore’s factory output grew in November for a second month but fell short of expectations, largely due to a significant deceleration in electronics, as well as contractions in ...
Singapore’s 2024 Budget statement to be delivered in Parliament on Feb 16
Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore's 2024 Budget statement in Parliament on Feb 16, the Ministry of Finance (MOF) said on Thursday (Dec 28).
Singapore imposes civil penalty on Credit Suisse for managers’ misconduct
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank's failure to prevent or detect misconduct by its relationship managers, the ...
Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion
Seatrium Financial Services, a wholly-owned subsidiary of Seatrium Limited, has successfully refinanced an existing loan facility due in February 2024 with a $400 million committed loan facility from ...
Singapore stocks extend rally on Fed-fuelled rate optimism; STI up 1%
THE year-end cheer was evident in the region on Wednesday (Dec 27) as optimism fuelled stock markets. Read more at The Business Times.
A Complete Guide to Citibank Foreign Currency Account
Need to hold funds in a foreign currency outside of the region you are residing in? Citibank's Foreign Currency Account may be your solution - with a single account, you can conveniently carry out ...