New regulations for data and mandatory reporting are acting as a catalyst for making the country a regional ESG hub, a key topic at this week's Singapore Fintech Week.
StanChart launches blockchain unit, eyes Singapore bond fund
SINGAPORE -- International bank Standard Chartered's venture arm on Tuesday launched a new blockchain unit that aims to help tokenize traditional financial instruments, moving rapidly to stake out a ...
DBS Group Holdings Ltd’s Dividend Analysis
Extended to a five-year horizon, this rate increased to 9.80% per year. And over the past decade, DBS Group Holdings Ltd's annual dividends per share growth rate stands at an impressive 10.90%.
Maybank and DBS raise respective target prices for StarHub on higher earnings and lower IT spending
Analysts from Maybank Securities and DBS Group Research have raised their respective target prices for StarHub following better-than-expected 3QFY2023 earnings.
Singapore-based fund takes majority stake in media firm once backed by Bankman-Fried loan
This deal is worth more than US$50 million, according to people familiar with the matter. Read more at straitstimes.com.
Singapore beats the US as the largest source of real estate investments in APAC
Property investors from Singapore injected nearly US$8.5b into the region. Singapore has emerged as the primary source of Asia-Pacific (APAC) real estate investments year-to-date, surpassing the ...
Billionaire Lim Kok Thay’s Genting To Spend Additional $1.7 Billion To Revamp Singapore Casino Resort
Genting Singapore is spending an additional S$2.3 billion to revamp its Resorts World Sentosa (RWS) casino resort as hotel room rates in the Lion City surged to record levels this year.
New initiative called Universal Trusted Credentials to help MSME better access finance launched: UNDP, MAS and partners
The UTC proposes a framework that assesses an MSMEs financing worthiness based on traditional and alternative data sets.
World Bank’s IFC names country manager for Singapore, Malaysia and Brunei
THE International Finance Corporation (IFC), the World Bank’s investment arm, has appointed Katia Daude Gonçalves as country manager for Singapore, Malaysia, and Brunei, it said on Tuesday (Nov 14).
Maid withdrew S$88,600 from bank account of employer’s 95-year-old father, gets jail
SINGAPORE — Over about six months, a maid withdrew a total of S$88,600 from her employer's 95-year-old father's bank account, taking care not to trigger the bank's automatic alert for large ... ( read original story ...)
SC Venture’s Libeara will soon let accredited investors in on tokenised Singapore-dollar government bond funds
Libeara was born after MAS’s global retail CBDC challenge. It also built projects for the HK government, Ghana, and Philippines.
Boustead Singapore reports 19% higher H1 profit at S$26.9 million
BOUSTEAD Singapore on Tuesday (Nov 14) reported 19 per cent higher net profit at S$26.9 million for the first half of FY2024 ended Sep 30, compared with S$22.6 million the previous year. Read more at ...
Genting Singapore Soars Most in Three Years on Earnings Beat
Genting Singapore Ltd. jumped the most in more than three years after the casino operator posted better-than-expected third-quarter earnings, underscoring a recovery in tourism in Singapore.
Jail for maid who unlawfully withdrew $88.6k from 95-year-old man’s bank account over 89 occasions
SINGAPORE - Saddled by hefty debts back home, an Indonesian maid used a bank card belonging to her employer’s elderly father to make 89 unauthorised withdrawals totalling $88,600 from January to July ...
Singapore is a safe haven in a ‘difficult’ global environment, Morgan Stanley says
Jonathan Garner, chief Asia and emerging market equity strategist at Morgan Stanley, is bullish on Singapore as it's the "strongest sovereign" in Asia. He says the Singapore dollar is least likely to ...
Grab launches new digital bank, here are 6 features available to 20k M’sian beta users
GXBank, the Grab-powered Malaysian digital bank, has released its app for 20,000 beta users. Here are six features that it currently offers.