As per the regulatory filing on Monday, Nexus Select Trust has raised Rs 1,440 crore from anchor investors, which included many mutual fund and insurance companies.
Najib’s trial: Ex-banker says 1MDB’s US$2.3b ‘investment’ had zero economic benefits, only to prevent fraud detection
Swampillai agreed that this US$2.318 billion purported investment had absolutely “no benefit” to 1MDB, and agreed with the benefit of hindsight that it was to carry out further fraud by evading ...
Standard Chartered expands partnership with Tazapay
In a bid to provide curated financial services on B2B platforms, Standard Chartered and Tazapay have teamed up. Source: Supplied. Tazapay's Rahul Shinghal, Arul Kumaravel, and Saroj Mishra. The global ...
Ex-Aetos officer who robbed Jurong moneylender has jail term reduced to 14 years on appeal
SINGAPORE - A former Aetos auxiliary police officer who had been sentenced to 16½ years’ jail and 18 strokes of the cane for robbing a licensed moneylender in Jurong while armed with a loaded gun had ...
Only 9 of 120 suspected money mules in OCBC phishing scam could be charged; 790 victims lost $13.7m
There were about 790 victims who lost a total of $13.7 million in the scam from December 2021 to January 2022. Read more at straitstimes.com.
SGX: Is OCBC Share a Buy Before Earnings?
Overseas-Chinese Banking Corporation Limited, or OCBC Bank (SG:O39), is among the oldest financial institutions in Singapore. OCBC Bank has ...
Singapore may vote on soaring rent as locals feel real estate price pinch
Singapore's Finance Minister Lawrence Wong said, in Singapore, the prime minister has to be a real estate agent while acknowledging that prices have soared ...
Revolut Enables Singapore Customers to Link With 6 Banks for In-App Top-Ups
Revolut enables Singapore customers to link, and top-up directly from up to six different bank accounts within the app.
Small business, big impact: The benefits of treating IT as an investment
The high cost of tech is hindering SMEs in Singapore from adoption but it can help build a resilient and successful business.
Lazada is about to become a very lucrative failure, as leaks suggest possible IPO in 2024
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 ...