Visiting IMF economist says intensified geopolitical conflicts could increase volatility in global energy and food prices. Read more at straitstimes.com.
Singapore’s first new PM in 20 years holds inaugural cabinet meeting
Singapore's first prime minister in 20 years held an initial cabinet meeting on Thursday after taking office with a pledge to sustain what he called the miracle of the wealthy city state amid an ...
Loan growth & higher fees prop up Singapore banks’ earnings in Q1
OCBC is forecasted to raise its final dividend to 44 Singapore cents in H2, representing a 5% increase. One future notable project that the bank may embark on is the redevelopment of the OCBC Centre, ...
‘Opportunistic’ OCBC seals tight tier two amid Asia demand-supply mismatch
OCBC Bank printed a landmark $500m 10 year non-call five tier two subordinated bond this week at the tightest spread globally for the structure, drawing the largest order book for a tier two by a ...
$3b money laundering case: Accused Su Jianfeng handed 6 new forgery charges; faces 12 charges in all
Su Jianfeng told investigators he made his money working as a property agent in Dubai. Read more at straitstimes.com.
Police, DBS recover over $170,000 transferred to UAE account by 70-year-old scam victim
The victim had been prompted by a pop-up alert on her computer telling her to contact a fake Microsoft hotline. Read more at straitstimes.com.
Best Credit Card Promotions in Singapore (May – Jul 2024): Citibank, DBS, HSBC, UOB, and More
S$450 Lendlease E-Vouchers, up to 85,000 miles...and the list goes on. Clearly, we're spoilt for choice when it comes to credit card promotions these days. Lucky for you, banks offering credit cards ...
Deutsche Bank Partners with Singapore’s Central Bank on Pioneering Asset Tokenization Project
Deutsche Bank, the German multinational banking and financial services company, has embarked on a groundbreaking collaboration with the Monetary Authority of Singapore (MAS) to advance asset ...
Billion-dollar money laundering case: Suspect gets 6 new charges over fake property sale, loan agreement papers
SINGAPORE: Su Jianfeng, one of the 10 suspects involved in Singapore's billion-dollar money laundering probe, was on Thursday (May 16) slapped with six new charges. The fresh charges are related to ...
S-REITs in ‘better shape’ than two years ago; CICT, MLT top picks: HSBC
HSBC favours stocks with embedded growth, like CICT; and REITs that have priced in most of the negative news, like MLT.
Singapore Airlines CEO Says Travel Out of China Not Yet Recovered
"Travel into China has been strong, travel out of China has not yet recovered fully," Singapore Airlines CEO Goh Choon Phong told media. He said the visa-free scheme between China and Singapore which ...
Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank
SU JIANFENG, one of the 10 foreign nationals embroiled in Singapore’s largest money laundering case, was handed six new forgery and fraud charges on Thursday (May 16). He allegedly submitted forged ...
‘Not cheap’, ‘no value’ but market excited: OCBC’s GEH bid divides analysts
We are unclear of incremental synergies that could accrue by acquiring the 11.56% of GEH that OCBC does not already own.” ...
Shein suppliers work 75-hour weeks, report claims as Chinese fast-fashion giant looks to IPO
A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company would improve labor standards.
Mitsui to invest in Singapore refrigerated warehouse
Japanese shipping giant Mitsui OSK Lines will invest in a new cold storage warehouse project in Singapore that will include Asia’s tallest industrial refrigerator. This is a news story by the ...
Air India-Vistara merger awaiting foreign direct investment, other approvals, says Singapore Airlines
Helped by robust air travel demand, the group posted a 24 per cent rise in net profit at 2,675 million Singapore dollars for FY 2023-24.