SINGAPORE stocks opened stronger on Friday (Dec 22), tracking ... US indices bounced back on Thursday, driven by bullish investment sentiments amid moderating inflation. The Dow Jones Industrial ...
Former Swiss banker admits helping wealthy US taxpayers hide assets in Singapore and elsewhere
Rolf Schnellmann, the former head of Allied Finance Trust, is one of six people charged in September 2021. Read more at straitstimes.com.
SGX Dividend Opportunity: Oversea-Chinese Banking Corp. Offers Impressive Yield
Chinese Banking Corp. Ltd. (SG:O39) is a financial and banking services conglomerate that offers an attractive dividend yield of 6.25%. Popularly known as OCBC, the stock is an attractive choice for ...
Programmable or ‘purpose-bound’ money is coming, probably as a feature in central bank digital currencies
Interview As the tide of enthusiasm for cryptocurrency ebbs, new forms of digital currency are emerging, including something called purpose bound money (PBM) – digibucks that can only be spent in ...
Court freezes US$1.14bil in failed crypto fund’s assets
A court has ordered a US$1.14bil worldwide asset freeze on the founders of collapsed cryptocurrency hedge fund Three Arrows Capital, the Singapore-based firm’s liquidators said.
Singapore IPO climate to look up in 2024, but observers mixed on return of Reits, Spacs
SINGAPORE’S initial public offering (IPO) activity is expected to pick up in 2024, as interest rates fall and stock market valuations improve. Read more at The Business Times.
Woman harvested bank accounts that syndicates used to transfer S$3 million from 1,000 victims
Together with her acquaintances, Heng Pei Jing also attempted to "hijack" scam proceeds from a Malaysian scam syndicate, but the sum of about S$54,000 they obtained was frozen by the police.
Singapore is working on new legislation to treat data centers as critical infrastructure
Singapore is working to amend the state's Cybersecurity Bill, which was approved in 2018, to enforce new obligations for third-party companies providing crucial technology services. The ...
Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million
Rolf Schnellmann helped conceal the income of U.S. taxpayer clients in offshore accounts in Switzerland, according to the New York federal prosecutors.
Singapore’s OCBC to launch $500m decarbonization fund
TOKYO -- Singaporean lender Oversea-Chinese Banking Corp. will create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia, joined by an investment company ...
Singapore could make data centers and clouds “critical infrastructure”
The Cybersecurity Agency of Singapore (CSA) currently lists energy, water, banking and finance, healthcare, land transport, maritime, aviation, government, infocomm, media, and security and emergency ...
Singapore owner Kim Heng sacks manager suspected of corruption
Singapore offshore shipowner Kim Heng said on Thursday it had sacked a manager at a subsidiary on suspicion of corrupt dealings. The company discovered and investigated “anomalies” relating to ...
Ikea Singapore to absorb 1 percentage point GST rate increase in Jan 2024
Ikea Singapore will absorb the Goods and Services Tax (GST) increase that will kick in from Jan 1 next year, when the GST rate increases from 8 per cent to 9 per cent.
IPO Hopes Rise for New Year After Fed’s Early Holiday Gift
LONDON (Reuters) - Bankers advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings after the U.S. Federal Reserve signalled it may ...
An airline passenger has been charged with theft after $23,000 in cash was stolen out of people’s luggage during a flight to Singapore
Zhang Xiuqiang is accused of taking cash from three passengers on board a Scoot flight from Vietnam to Singapore.
Woman harvested bank accounts that syndicates used to transfer $3 million from 1,000 victims
Together with her acquaintances, Heng Pei Jing also attempted to "hijack" scam proceeds from a Malaysian scam syndicate, but the sum of about S$54,000 they obtained was frozen by the police.