Latest leaks, reported just a few days ago, suggest that Alibaba is already actively making plans for a possible IPO of the unit next year. “The firm is in the early stages of consideration and ...
Singapore highest globally for total stamp duty on foreigners
The market recently put a 100% increase in the ABSD rate for foreigners. A real estate expert’s study showed that Singapore ranked highest worldwide for total stamp duty rates for a foreign national ...
Monetary Authority of Singapore Imposes Additional Capital Requirement on DBS Bank for Disruption of Banking Services
The Monetary Authority of Singapore (MAS) has reportedly imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement.
Wet weather hits OCBC Cycle; cyclists welcome first full-scale event in 3 years
The Sportive 40km Ride was reduced to 20km after the start was delayed by 30 minutes owing to rain. Read more at straitstimes.com.
Service disruption: MAS orders DBS to set aside $1.6b as regulatory capital
A disruption to DBS Bank’s digital banking and ATM services on Friday and an earlier widespread disruption on March 29 mean the additional capital requirement it must set aside now stands at about $1.
Me & My Money: Why finance exec prefers to rent a home
It's important to work out the numbers and the opportunity cost of the capital, she says. Read more at straitstimes.com.
Singapore’s central bank imposes additional capital requirement of RM5.35bil on DBS Bank
The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country's largest lender DBS Group, following the disruption of its banking ...
DBS CEO, previously embarrassed by disruptions in March, apologises for May outage
DBS and POSB Bank customers in Singapore experienced service disruptions on 5 May, marking the second major outage in two months. Many were unable to access online and mobile banking services, and ...
5 best regular savings plans in Singapore 2023: Invest with $100 a month
Investing is like exercising daily, improving your cooking skills or sleeping earlier — we all know we should be doing it, but due to lack of time, discipline or knowledge, it sometimes falls to the ...
Temasek considers investing $100 million in Indian jeweller BlueStone -sources
Singapore state investor Temasek Holdings is considering investing $100 million in Indian jeweller BlueStone for a stake of about 20 per cent, two sources with direct knowledge of the matter told ...
Singapore’s Keppel revamps, aims to manage $150 billion of assets by 2030
Singapore's Keppel Corp said on Wednesday it would transform itself into an asset manager overseeing $150 billion by 2030 and focusing on green energy, betting it would provide more stable revenue ...
Singapore’s GIC first to add 2-3 degree Celsius outcome to climate scenario analysis
GIC is the first fund to add a fourth scenario to its climate change analysis in which global temperatures rise 2-3 degrees Celsius.
DBS ordered to set aside regulatory capital totalling $1.6b after repeated disruptions: MAS
A disruption to DBS Bank’s digital banking and ATM services on Friday and an earlier widespread disruption on March 29 means the additional capital requirement it must set aside now stands at about $1 ...
MAS ups DBS’ additional capital requirement to S$1.6 billion after successive disruptions
SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank in the wake of two successive service disruptions in the space of just over a month. Onli ...
Why are US banks wobbling and how might this impact Singapore?
SINGAPORE - US regional banking stocks declined on Thursday despite reassurances from Federal Reserve chair Jerome Powell that the country’s banking system is “sound and resilient”, and that Monday’s ...
HSBC: Right Idea, Wrong Time For An Asian Divorce
Thirty years of being headquartered in London is proving to be very disorienting for HSBC Holdings Plc. Posterity will question the wisdom ...