OCBC and the Anti-Scam Centre of the Singapore Police Force (SPF) say they have successfully prevented over S$22.4 million in potential financial losses by disrupting over 830 ongoing scams. Read more ...
Cash, cars and homes seized in $735m Singapore anti-money laundering raids
The country's central bank and financial regulator, the Monetary Authority of Singapore, said it had been in contact with financial institutions "where the potentially tainted funds have been ...
UOB Kay Hian Keeps Their Buy Rating on SATS (SPASF)
In a report released yesterday, Roy Chen from UOB Kay Hian maintained a Buy rating on SATS (SPASF – Research Report), with a price target ...
UOB Kay Hian Keeps Their Buy Rating on Comfortdelgro (CDGLF)
In a report released yesterday, Llelleythan Tan from UOB Kay Hian maintained a Buy rating on Comfortdelgro ... The company was founded on March 29, 2003 and is headquartered in Singapore.
Singapore arrests 10, seizes $737m in assets in money laundering raids
“Investigations are ongoing. More assets may be seized [and] bank accounts frozen,” the police statement said. Singapore is a global financial hub and has strict laws against the laundering of illicit ...
Singapore arrests 10 foreigners, seizes $1 billion assets in money laundering probe
Prohibition of disposal orders were issued against 94 properties and 50 vehicles, with a total estimated value of more than S$815 million ...
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 ...
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.
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 ...
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.
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.
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 ...
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 ...
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 ...
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 ...
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 ...