Penguin International’s senior management and private equity backer hope it proves second time lucky in their attempt to take the Singapore-listed shipyard group private. Executive chairman Jeffrey ...
Preparing For 5G Millimeter Wave And 6G
There are engineering workarounds to propagate these signals over longer distances, but quality of service is much more difficult to maintain than 4G LTE or sub-6 GHz 5G ... followed closely by ...
Sold-out Coldplay concerts: Calls for ticket sales to be prioritised for Singapore fans but experts say it’s not feasible
With six sold-out shows and online queue numbers exceeding a million, some eager concertgoers are calling for more to be done to limit the number ...
Probation for teen who received more than $85k in bank account from scams targeting OCBC customers
A 17-year-old who allowed scammers to use his bank account to receive $85,220 stolen from OCBC Bank customers also recruited his friends to commit similar offences. Cash totalling $186,693 taken from other scam victims was deposited into the bank accounts of two friends,
Hong Kong Should Follow Singapore, Japan in Crypto: Government Study
A Hong Kong government study has said the city should learn from Japan and Singapore as it develops its own Web3 sector.
Singapore central bank, Amazon, IMF unveil ‘purpose-bound’ money technical concept
The Monetary Authority of Singapore (MAS) released on Wednesday a whitepaper for “purpose bound” money, detailing a technical overview of digital currencies designed for specific purposes.
Singapore fines financial institutions over Wirecard-related breaches
The Monetary Authority of Singapore said on Wednesday that DBS, OCBC, Citibank Singapore and Swiss Life Singapore had been fined a total of S$3.8mn ($2.8mn). The regulator said the four financial institutions had “inadequate anti-money laundering and ...
Two arrested, more than 2,000 cartons of duty-unpaid cigarettes seized by Customs
A Singaporean and a Chinese national were arrested last Friday (June 16) for allegedly evading duty and Goods and Services Tax (GST) amounting to some S$231,730.
Singapore Fintech dtcpay Raises $16.5M In Pre-Series A Round, Aims To Bridge Traditional And Digital Currencies
Singapore-based fintech company ... John Tay, who spoke on behalf of Kwee Liong Tek's investment entity, said, “dtcpay has demonstrated remarkable growth prospects and aligns with our investment ...
Singapore central bank fines DBS, Citibank, OCBC, Swiss Life over breaches
Singapore's central bank on Wednesday said it had imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC and insurer Swiss Life , for breaching requirements ...
Singapore punishes Citi, DBS, OCBC over Wirecard scandal
The Monetary Authority of Singapore, the city-state’s central bank and financial regulator, said on Wednesday that it will impose penalties amounting to 3.8 million Singaporean dollars ($2.8 million) on Citibank, DBS Bank, OCBC Singapore and Swiss Life ...
UPDATE 1-Singapore c.bank fines DBS, Citibank, OCBC, Swiss Life for inadequate money laundering, terrorism financing protections
Singapore's central bank on Wednesday said it has imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and OCBC and insurer Swiss Life, for breaching its requirements on anti-money laundering and countering terrorism ...
Taylor Swift fans rush to get UOB cards as pre-sale concert tickets only for cardholders
A Telegram channel discussing how fans can secure the cards was set up just 30 minutes after the concert announcement. Read more at straitstimes.com.
Ripple gets in-principle go-ahead to offer crypto digital-payment services in Singapore
CRYPTO solutions provider Ripple has obtained in-principle approval for a major payment institution licence in Singapore. Read more at The Business Times.
JPMorgan commercial bank enters Singapore, Israel in global push
JPMorgan Chase & Co's commercial bank is entering Singapore and Israel this year as its unit catering to midsize and small companies makes a global push, the bank said.
Grab’s job cuts show Singapore tech firm not immune to ‘frosty times’ of higher interest rates, slowing economy: analysts
Extravagant growth’ pursued by firms including Grab in the pre-pandemic era is unlikely to replicated in the current economic climate, say analysts.