Tencent Holdings Ltd. has sold $3 billion of shares in Singaporean online gaming and e-commerce company Sea Ltd. as it seeks funds for new initiatives and philanthropic efforts to aid wealth ... ( read original story ...)
Singapore’s Sembcorp Marine facing new legal action
Singapore’s Sembcorp Marine is facing legal action and a claim for US$76 million, plus costs and interest, from a mystery vendor relating to four undisclosed contracts. Sembmarine confirmed in late De ... ( read original story ...)
Ex-VP at UOB jailed after misappropriating nearly $5m from customer
He passed the bulk of the amount to a woman to support her nail spa business. . Read more at straitstimes.com. ( read original story ...)
Share Market Live Updates: Sensex zooms 500 points, Nifty crosses 17,750; NTPC, PowerGrid, SBI top gainers
Benchmark indices extended gains in the second trading session of 2022 today. Sensex rose 423 points to 59,607 and Nifty climbed 108 points to 17,733 in afternoon session. Earlier, Indian benchmark ... ( read original story ...)
The future of digital banking in Asia: Laying regulatory frameworks over digital banking foundations
This is an extract from Finextra's The Future of Digital Banking in Asia 2022 report. McKinsey’s recent Personal Financial Services (PFS) Survey shows that adoption of digital banking in emerging ... ( read original story ...)
Maid caring for woman with dementia gets jail for stealing $28,200 from employer
She sneaked off with the 82-year-old's debit card on 23 occasions and withdrew money. . Read more at straitstimes.com. ( read original story ...)
Ex-UOB VP pocketed nearly $5m from client for over a decade
For over a decade, a United Overseas Bank Vice President diverted close to $5 million of a customer's funds to a business partner for a nail spa business. ( read original story ...)
Former UOB vice-president jailed for pocketing about S$5 million from customer
SINGAPORE: Over 10 years, a vice-president at United Overseas Bank (UOB) misappropriated about S$5 million from a customer who believed he was putting the cash into a nominee bank account. Ling Shek ... ( read original story ...)
All eyes on Singapore’s reopening progress, VTL expansion for 2022 economic outlook
While the pace of relaxation of mobility curbs may have slowed in recent months, Singapore is still on track in its strategy to treat Covid-19 as endemic, analysts ... ( read original story ...)
Singapore’s 5.9% Q4 GDP a sign of optimism for 2022 – UOB
Maybank and OCBC also echoed this outlook for the upcoming year. UOB called last year’s Singapore fourth quarter (Q4) gross domestic product (GDP) of 5.9% a strong end to 2021. Going forward, UOB ... ( read original story ...)
Singapore Fintech Report 2022: Fintech Reaches Critical Mass in Singapore
In Singapore, the COVID-19 pandemic has acted as a catalyst for fintech adoption, driving demand for digital payment capabilities, virtual banking experiences and buy now, pay later (BNPL) ... ( read original story ...)
Stock Market LIVE Updates: Sensex, Nifty50 likely to open on a flat note today
Indian equity benchmarks Sensex and Nifty50 are likely to start Tuesday's session on a flat note. At 7:46 am, Singapore Exchange (SGX) Nifty futures -- an early indicator of the Nifty50 index -- were ... ( read original story ...)
Prudential Singapore boosts support for SMEs in their digitalisation efforts and business growth
Prudential Singapore ("Prudential") has partnered Ngee Ann Polytechnic ("Ngee Ann Poly") and ST Engineering to equip small and medium-sized enterprises (SMEs) with the knowledge and resources on how ... ( read original story ...)
MSCI Singapore: What to Make of the “Sharpest Decline in the Region”?
It's important to keep an eye on the market outliers -- markets that go up or down more than related ones. Why? Watch our Asian-Pacific editor explain by looking at the declines in Singaporean stocks ... ( read original story ...)
HSBC to Buy L&T Investment, Boosts Wealth Franchise in Asia
To boost HSBC's asset management unit, the London-headquartered bank inks a deal to acquire India's L&T Investment Management Limited for $425 million. ( read original story ...)
BTIG Expands Emerging Market Debt Unit With Product Specialists in the U.S. and Singapore
BTIG announced today key hires to further strengthen its growing Emerging Market Debt team in both the U.S. and APAC region. Michael Roche joins BTIG, ... ( read original story ...)