This enforcement action follows MAS's review of pricing and disclosure practices in the private banking sector.
Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
How To Invest In Lion-China Merchants Emerging Asia Select Index ETF, A Possible Gateway To Asia’s Rising Tigers
One of the easiest ways For Singapore investors to gain exposure to Asia's next Tiger economies, India, Malaysia, Indonesia, Thailand ...
Think the stock market boom is too ‘extreme’? Think again
Wrong-headed bears seemingly think so, claiming US and world stocks’ big year-to-date returns through Nov 25 – and Singapore stocks more than quadrupling long-term annualised averages – signal stocks ...
New finance target in COP29 outcome could help developing countries set stronger targets: Grace Fu
The outcome of COP29 included an agreement from developed countries to channel more money to developing nations. Read more at straitstimes.com.
Amazon invested over $2 billion in Singapore last year
SINGAPORE: Amazon has announced that it made a substantial investment of more than $2 billion in Singapore in 2023 to bolster its retail and cloud operations in the region. The investment points to ...
Singapore contributed 50% of total FDI into India in July-September quarter
Singapore was the largest source of Foreign Direct Investment (FDI) for India in the July-September quarter, contributing 50 percent of the total inflows. FDI inflows to India rose by 43 percent, ...
S$1.5bil nickel-trading scam: Defence accuses investor of caring only about revenue
SINGAPORE: Ng Yu Zhi’s lawyer on Friday (Nov 29) accused investor Veronica Shim Wai Han of caring only about generating income from his client’s nickel investment scheme, and not about whether the ...
$1.5b nickel-trading scam: Defence accuses investor of caring only about revenue
Ng is accused of masterminding a nickel-trading scam that attracted $1.46 billion from 947 investors over six years, and allegedly used the invested funds to finance his lavish lifestyle. Ng told ...
Amazon invests over $2b in Singapore businesses in 2023
The investment includes spending on infrastructure improvements and technology upgrades. Amazon has invested more than S$2b in Singapore this year across its retail and cloud businesses. The ...
Singapore stocks rise on optimism over rebound in real incomes, easing inflation
SINGAPORE - Stocks in Singapore ended higher on Nov 28 after the Republic reported a rebound in real incomes for 2024, according to preliminary estimates, as inflation eased. A Ministry of Manpower ...
‘Many possibilities’: Singapore, Shanghai eye closer cooperation as leaders meet
A troubled international environment means like-minded partners must work harder to find ways to cooperate, said Singapore Senior Minister Lee Hsien Loong in a meeting with Shanghai party chief Chen ...
‘Great prospects’ for Singapore and Shanghai to draw closer: SM Lee, Shanghai CPC chief
SHANGHAI] Singapore and China’s financial capital Shanghai can draw closer with many more possibilities for collaboration, Senior Minister Lee Hsien Loong and Shanghai party chief Chen Jining said on ...
Banks in Singapore can withstand multiple shocks: MAS
MAS's survey also showed that Singapore’s financial institutions are most worried about uncertainty in the macroeconomic environment, especially a slowdown in growth and a resurgence in inflation.
Singapore banks well-positioned to manage challenges: MAS
The banking system has strong capital and liquidity buffers, the central bank said. Singapore’s banking system is well-positioned to manage challenges to its macro financial outlook, according to the ...
Singapore, Thailand to work together on carbon credits, food security: PM Wong
Prime Minister Lawrence Wong also announced that Singapore will host Thai civil servants on scholarships to study in some master’s programmes at universities here.