A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
5 people charged for relinquishing Singpass, bank accounts to scam syndicates
Some are suspected to have sold their Singpass credentials. Police said these were used in scams affecting victims' bank and CPF accounts. What happened?
DBS Sticks to Their Buy Rating for First Resources (Singapore) (FTROF)
In a report released yesterday, William Simadiputra from DBS maintained a Buy rating on First Resources (Singapore) (FTROF – Research ...
Boy, 16, among 6 people accused of money laundering-related offences linked to scams
The six included four men and one woman allegedly linked to banking-related phishing scam cases involving malware. Read more at straitstimes.com.
Singapore bank to close five accounts held by Myanmar’s MAI
Singaporean multinational banking entity, the United Overseas Bank (UOB), is closing five bank accounts held by MAI - Myanmar Airways International (8M, Yangon), according to a leaked June 25 letter ...
Lion City Sailors to replace AS Roma & face Tottenham Hotspur at National Stadium on Jul. 26
AS Roma won't be in Singapore. Singapore Premier League club Lion City Sailors (LCS) will face English club Tottenham Hotspur in the Tiger Cup on Jul. 26 at the National Stadium. LCS replaced Italian ...
Singapore Billionaire Peter Lim’s Thomson Medical To Buy Vietnam Hospital Operator For $381 Million
Thomson Medical Group has agreed to buy hospital operator Far East Medical Vietnam as the Singapore-based healthcare company expands its footprint across Southeast Asia.
Citi to launch new commercial banking digital platform in Singapore
Citi has launched CitiDirect Commercial Banking, bringing together its products and services into a single digital platform to address the needs of Citi Commercial Bank (CCB) clients. Currently live ...
5 Takeaways From Temasek’s FY2023 Performance (And How To Apply It To Our Investments Amid High Interest Rates, Global Uncertainties)
What should you do with your investments while the world grapples with stubborn high inflation? Singapore investment company Temasek’s global direct investments saw a reversal of gains from the high ...
S$8m malware scams: 5 people aged 16 to 28 to be charged with giving Singpass, bank accounts for proceeds laundering
Five people aged 16 to 28 will be charged on Wednesday (July 12) for their suspected involvement in money laundering activities linked to banking-related phishing scams involving malware where victims ...
UOB to close Myanmar Airways International bank accounts by Aug 15
The airline has been asked to stop using the bank for outward transactions by July 21. Read more at straitstimes.com.
Thief grabs $600 that elderly woman withdrew from Tampines ATM, durian vendor grabs his neck
A durian vendor went to the rescue of an elderly woman when she was robbed of $600. Read more at stomp.straitstimes.com ...
Singapore’s Temasek says it’s not looking to invest in crypto firms amid current regulatory uncertainties
Singapore's Deputy Prime Minister and Finance Minister Lawrence Wong called the loss "disappointing" and damaging for Singapore's reputation. In May, Temasek then announced it is cutting the salaries ...
Singapore state investor Temasek posts negative annual return, its first since 2020
Its global direct investments, particularly in technology, healthcare and payments, saw "a reversal of gains" in the 12 months ending March 31 this year.
Singapore’s Temasek reports portfolio value drop, positive on China tech
Singapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March.
Can Foreigners Overseas Open a Singapore Bank Account 100% Digitally?
Say goodbye to endless paperwork and long queues at bank branches—OCBC has become the first bank in Singapore to fully digitalise the account opening process for foreigners. That means foreigners ...