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Tag: finance

Posted on 17/08/2023

Money laundering probe: Singapore arrests 10 foreigners, seizes S$1bn assets

SINGAPORE: Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a ...

Posted on 17/08/2023

Singapore seizes S$1b in cash, assets from foreigners

In one of the biggest anti-money laundering operations, the Singapore Police Force rounded up a group of foreigners who had amassed about S$1 billion worth of assets there.

Posted on 17/08/2023

How HSBC regained its mantle as Asia’s best bank

Despite its roots in the region, HSBC’s Asian woes have sometimes seemed endemic. It has been overly dependent on Hong Kong and too often caught in Sino-US crosshairs. But under co-CEOs Surendra Rosha ...

Posted on 17/08/2023

Citi buys large amounts of zinc for lucrative LME warehouse deal -sources

Citibank has bought large amounts of zinc on the London Metal Exchange (LME) and arranged a lucrative deal to store the metal in LME approved warehouses, two sources with knowledge of the matter said.

Posted on 17/08/2023

DBS becomes largest foreign bank in Taiwan after merger with Citi’s consumer banking unit

It now has "clear market leadership" in loans, deposits, cards and investments among foreign players in the market. Read more at straitstimes.com.

Posted on 17/08/2023

Singapore Exchange will be first in Asia to list structured certificates

The Singapore Exchange (SGX) will this month become the first bourse in Asia to offer publicly-traded structured certificates. The certificates, which will be listed on the bourse on August 30, is a ...

Posted on 16/08/2023

Think of Singapore’s reserves as ‘rainy day’ money: PM Lee

Prime Minister Lee Hsien Loong spoke to CNA on June 8, for a documentary on Singapore’s reserves. The transcript of the interview was released by the Prime Minister’s Office on Wednesday. Here is an ...

Posted on 16/08/2023

How HSBC regained its mantle as the region’s best bank

Despite its roots in the region, HSBC’s Asian woes have sometimes seemed endemic. It has been overly dependent on Hong Kong and too often caught in Sino-US crosshairs. But under co-CEOs Surendra Rosha ...

Posted on 16/08/2023

Vietnam Airlines and Singapore Tourism Board sign MoU

Vietnam Airlines and the Singapore Tourism Board (STB) have signed an MoU until 2025, aiming to promote Singapore’s popularity as a destination for both leisure and business as Vietnam's outbound ...

Posted on 16/08/2023

Should you buy 6-month or 1-year Singapore T-bills as investment?

Singapore treasury bills (T-bills for short) are short-term debt securities issued by the Singapore Government. They are available in two formats: six months, or one year, and are issued in tranches ...

Posted on 16/08/2023

Ex-Singapore Parliamentarian’s startup to issue Swiss Franc and Euro stablecoins

Singapore investor and former parliamentarian Calvin Cheng has announced that his wholly-owned, newly rebranded Swiss company, Anchored Coins AG ("Anchored Coins"), will be issuing two stablecoins - a ...

Posted on 16/08/2023

7 people who alleged disclosed banking, Singpass details to scammers to be charged

SINGAPORE - Seven people, including three teenagers, will be charged for relinquishing their bank accounts and/or Singpass credentials for money laundering activities linked to banking related ...

Posted on 16/08/2023

Business cheque usage low but industry, customer preferences make it hard to discard

To help businesses make the switch, banks make digital payment methods cheaper, or offer fee rebates. Read more at straitstimes.com.

Posted on 16/08/2023

UOB, The EM District and AEG announce historic naming rights partnership

UOB, The EM District and AEG are proud to unveil a revolutionary naming rights partnership, brokered by AEG Global Partnerships, that promises to reshape the live entertainment landscape in Thailand ...

Posted on 16/08/2023

Singapore Stock Market May Test Support At 3,200 Points

The Singapore stock market has moved lower in three straight sessions, sinking almost 90 points or 2.8 percent along the way. The ...

Posted on 16/08/2023

Singapore banks see slower trade activity as demand falters

Banks in Singapore have blamed a flagging trade environment and China’s weak rebound from the Covid-19 pandemic for a dip in trade finance activity in the first half of the year.    The city-state’s ...

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