The Monetary Authority of Singapore's loss for the year ended March 31 marks the central bank's second consecutive year of net losses.
Singapore’s fight against inflation still on amid uncertain growth outlook -c.bank
Singapore's central bank warned on Wednesday of weak near-term growth for one of Asia's top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 ...
MAS to adjust tax incentives to encourage single family offices to invest ‘more purposefully’ in Singapore
The changes include recognising a broader range of investments in Singapore as well as overseas climate-related investments.
MAS posts record net loss of S$30.8 billion amid rise in Singapore dollar, higher interest expenses
MAS says it made a “small” investment gain on the country’s official foreign reserves but this was outweighed by a rising Sing dollar and higher interest expenses.
(June 2023 Results) How i would invest in the singapore stock market if i had 100k of spare money
The rest of the stock had relatively lesser movements in terms of %. On the results / business updates front, there is nothing much to report as there is no results release in June. YTD, the STI ...
HSBC Re-Enters India Private Banking Markets After 8 Years
HSBC Holdings plc HSBC has re-launched its Global Private Banking (“GPB”) business in India. The lender was exploring options of re-entering the India markets for a year, as the country has been ...
17 firms penalised in last five years for breaking laws on money laundering and terrorism financing
Of the 17 firms taken to task by MAS, one had its licence revoked, 14 were fined and two were issued reprimands. Read more at straitstimes.com.
Amazon Prime Day Returns on 11 and 12 July with Thousands of Real Deals and Exclusive Launches in Singapore
Only on Amazon.sg, shoppers will have exclusive access to Hasbro’s new extensive lineup of products across its key brands such as NERF, Play-Doh, Monopoly, and Transformers.
GSTV 2023 payouts: Eligible Singaporeans to receive up to S$700 in August
Around 1.5mn Singaporeans will receive up to a total of S$700 in cash in August 2023 from the enhanced GSTV – Cash scheme. With this, eligible Singaporeans will get up to S$300 more from the GSTV – ...
UOB pre-sale tickets for Taylor Swift sell out within 3 hours; over 1 million queue numbers issued
Fans who received an access code from Ticketmaster can still buy tickets during the general sale on Friday at noon. Read more at straitstimes.com.
DBS digital banking disruption in May due to ‘human error’, preliminary probe finds
File photo of people queuing inside the DBS bank branch in Singapore on Apr 2, 2012. (Photo: AFP/Roslan Rahman) SINGAPORE: The disruption to DBS' digital banking services on May 5, 2023 was caused by ...
Singapore Bank DBS launches innovative e-CNY payment solution for customers
DBS, the renowned Singaporean bank, announced today a groundbreaking development that allows its customers to accept payments in e-CNY, the digital currency issued by the Chinese central bank. In a ...
Singapore’s DBS launches e-CNY solution for China
Singapore-based DBS bank has introduced a “merchant collection solution” using e-CNY – China’s central bank digital currency – to allow corporate clients of DBS China to collect payments from their ...
Singapore DBS Bank Launches e-CNY Settlement Platform
Singapore's DBS Bank launches an e-CNY collection platform for business clients, boosting its digital currency adoption and supporting automated settlements.
Billionaire Wee Cho Yaw’s UOL To Sell Singapore Hotel For $389 Million To Tycoon Choo Chong Ngen
Pan Pacific Hotels Group is selling one of its hotels in Singapore to Midtown Properties, a company owned by tycoon Choo Chong Ngen, founder of the Hotel 81 budget hotel chain, for S$525 million ($389 million).
Singapore Bank DBS Starts e-CNY Collection Platform
The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.