Finmo, a payments company headquartered in Singapore, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
SG’s Keppel Corporation, HSBC HK Seal MOU for Carbon Reduction Co-op
Keppel Corporation, through its infrastructure division Keppel Infrastructure, and HSBC Hong Kong signed a Memorandum of Understanding (MOU) in Singapore on 24 July to explore coll... Keppel ...
Singapore’s PM defends governance after scandals
Singapore’s prime minister has defended its reputation for clean governance after a corruption investigation and an “inappropriate” parliamentary relationship tarnished the city-state’s image just as ...
Singapore’s Lee slashed arrested minister’s pay
Opposition lawmakers are also asking if the government received any requests from the UK related to Formula One mogul Bernie Ecclestone’s alleged undisclosed assets of $650 million in a Singapore bank ...
Cheques, passbooks and 1-cent coins: 5 ways money and banking transactions have changed in Singapore
Amid falling cheque usage and higher processing costs, banks in Singapore will start charging customers for issuing Singapore dollar-denominated cheques by November.
3 Singapore Blue Chip Stocks That Raised Their Year-on-Year Dividends
We throw the spotlight on three blue-chip stocks that recently upped their dividends. United Overseas Bank, or UOB, is Singapore’s third-largest bank by market capitalisation. The lender is enjoying a ...
Woman jailed for tricking teacher into ‘investing’ S$145,500 in fake SAF eMart business
The victim got to know the accused after buying items from her shops in Beach Road for his National Cadet Corps students.
Are We In A Schrödinger’s Recession? Understanding The Dual Reality of Recovery and Recession In Singapore
Nobody is certain if we are truly in a recession yet even though we have been bracing for it. When you look at the intricacies of market trends, consumer behaviour, and government policies, some signs ...
OCBC customers can use bank’s app to pay merchants in 47 markets including China
SINGAPORE - OCBC customers will be able to use the bank’s digital app from Friday to make retail payments to UnionPay QR-enabled merchants in 47 markets from their OCBC Singapore bank accounts. They ...
CapitaLand India Trust’s projected three-year DPU CAGR of 7% has DBS analysts reiterating ‘buy’ call
DBS Group Research analysts Derek Tan and Dale Lai are reiterating their “buy” call on CapitaLand India Trust (CLINT), with an unchanged target price of $1.45, citing the REIT’s “robust growth ...
Average Singapore consumer needs to save at least $1,733 per month over 27 years to feel financially free: survey
To feel financially free, the average consumer in Singapore would have to save at least $1,733 per month over approximately 27 years to accumulate a median savings of $566,640, according to a survey ...
Singapore: MAS to Strengthen Defense Against Money Laundering Risks in Single Family Offices
MAS recently launched a public consultation on a revised framework to strengthen surveillance and defense against money laundering.
HSBC Is as Good as It Gets — For European Investors Anyway
a bank with a similar business model to HSBC, is set to make just 11.2%. JPMorgan Chase & Co., which benefits from a hugely profitable US retail business, is expected to make 21% and DBS Group of ...
Singapore’s GIC boosts infrastructure investment in India, Vietnam
SINGAPORE -- Singaporean sovereign wealth fund GIC is focusing on infrastructure investments and moving money from China to India and Southeast Asia, looking for more stable returns than those ...
Wirecard’s auditor EY was too gullible, Singapore suspect claims
A key suspect in the Wirecard fraud stated that the firm’s auditor EY was too gullible as it accepted fabricated letters confirming millions of euros in cash without any further checks, a court in ...
Singapore fintech funding at 3-year low, but experts say recovery near
SINGAPORE fintech funding sank to a three-year low in the first half of 2023 as rising interest rates and economic headwinds continued to dent investor sentiment, but experts believe a recovery is on ...