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Posted on 02/09/2024

DBS’ Jeremy Soo to Succeed Susan Hwee as NETS Chairman

Network for Electronic Transfers ( NETS) has announced the appointment of Jeremy Soo, Managing Director and Head of Consumer Banking Group at DBS Singapore, as its new Chairman, effective 1 September ...

Posted on 02/09/2024

Singapore shares open higher on Monday—STI increased by 0.1%

Singapore’s local banks performed well in early trading. DBS led the gains, rising S$0.13, or 0.4%, to S$36.49. UOB followed with an increase of S$0.08, or 0.3%, to S$31.47. OCBC also rose, gaining ...

Posted on 02/09/2024

OKX Singapore gets major payment institution licence; taps former Grab executive as CEO

SINGAPORE - The Singapore branch of crypto exchange OKX has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). This comes after the local entity ...

Posted on 02/09/2024

Crypto millionaires have doubled over the past year: Henley & Partners

Offering a new take on global wealth migration, Henley & Partners also shed light on the geographic distribution of crypto wealth. Singapore emerged as the leading hub for cryptocurrency, scoring 45.7 ...

Posted on 02/09/2024

Crypto Firm OKX Hires Gracie Lin From Grab to Be Singapore CEO

Crypto exchange OKX named former regulator Gracie Lin as CEO of its Singapore business in a statement on Monday.

Posted on 02/09/2024

OKX SG Receives MPI License from Monetary Authority of Singapore and Welcomes Gracie Lin as CEO

OKX a leading global crypto exchange and Web3 technology company today announced that its local entity OKX SG Pte Ltd OKX SG received a Major Payment Institution MPI license from the Monetary Authorit ...

Posted on 02/09/2024

Win Streak Likely To Continue For Singapore Shares

(RTTNews) - The Singapore stock market has moved higher in back-to-back sessions, gathering more than 50 points or 1.5 percent along the way. The Straits Times Index now sits just above the ...

Posted on 02/09/2024

OCBC Singapore Users Faced Temporary Online Banking Disruption

Singapore's OCBC Bank experienced technical difficulties on 1 September that temporarily disrupted its internet and mobile banking services.

Posted on 02/09/2024

Crypto’s legal tangles seem as mystifying as digital asset itself

Legal tangles around cryptocurrency can be as mystifying as the digital asset itself.Traders betting on the troubled crypto platform WazirX, have learnt that they are “unsecured creditors” of a ...

Posted on 02/09/2024

Sembcorp unit inks deal to import piped natural gas from Indonesia

SINGAPORE - Sembcorp Gas, a wholly owned subsidiary of Sembcorp Industries, has signed a gas sales agreement to import up to 111 billion British thermal units per day of natural gas piped from the ...

Posted on 02/09/2024

5 Singapore Stocks Paying Out Dividends in September

The Singapore stock market has always been a great place for dividends. Income-seeking investors not only have a wide choice of companies to select from but dividends are also exempted from taxation.

Posted on 02/09/2024

Market mood upbeat ahead of expected Fed rate cuts

Whatever the quantum, news of a rate cut will likely lift market sentiment initially. CGS International pointed out in a strategy report last week that anecdotal evidence of stock performance in ...

Posted on 02/09/2024

Singapore’s OCBC website, mobile app resume after disruption

(Bloomberg) — Singapore lender Oversea-Chinese Banking Corp. said its website and mobile app were working normally after being inaccessible to some users earlier Sunday. The bank apologized for the ...

Posted on 02/09/2024

Macao did it. Singapore too. Now Thailand looks to build casinos to attract tourist dollars

If the law gets passed, Thailand could be Macao and Singapore's largest competitor by the end of the decade, industry watchers told CNBC. Thailand's casinos could generate 187 billion Thai baht ($5 ...

Posted on 02/09/2024

Validus, a Singapore-based digital SME lending platform, secures $50M debt financing to help enterprises in Indonesia

Validus, a Singapore-based digital lending platform for small and medium businesses, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. Validus will use the ...

Posted on 02/09/2024

UOB leverages AI for data-centric approach to optimising portfolio allocation

UOB, possibly Singapore’s first local bank to use artificial intelligence (AI) and big data analytics to allocate capital in its corporate banking division, is looking to expand its portfolio ...

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