Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the cryptocurrency market and protect investors from potential losses.
Stock market booked net institutional outflows of $2.66b in H1
The net institutional outflows were led by Financial Services and REITs. The Singapore stock market also booked net retail inflows of $1.48b in the first half (H1) of 2023, with market makers and ...
GIC-Backed $2 Billion Fintech Nium Targets US IPO in Two Years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore banks can’t afford to miss out on coal phase-out despite immense challenges
THE hot topic in South-east Asian sustainable finance these days is the early retirement of viable coal power plants, known in industry shorthand as coal phase-out. Read more at The Business Times.
Should you invest or insure first? Expert sheds light on common financial planning dilemma
Before seeking returns, build a strong financial foundation with insurance to protect yourself against life’s uncertainties. Read more at straitstimes.com.
Singapore’s star banker Piyush Gupta creates a succession dilemma for DBS
DBS Group Holdings Ltd., led by CEO Piyush Gupta for over 13 years, faces the challenge of finding a successor who can maintain the bank's success and emulate Gupta's leadership. The bank's recent ...
Singapore’s Crypto Firms Have to Keep Customer Funds in a Statutory Trust: MAS
Singapore’s top financial regulator issued a notice on 3rd July ordering crypto service providers in the region to transfer all user funds to a statutory trust before the end of the year. The decision ...
Payments start-up Nium opens headquarters in S’pore, eyes IPO in 2 years
The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.
Payments start-up Nium unveils new headquarters in S’pore, eyes IPO in 2 years
The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.
Singapore’s bank OCBC to deliver $2.2 bln extra revenue by 2025
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) said on Monday it expects to deliver an additional revenue of S$3 billion ($2.22 billion) by 2025, after it posted a record ...
Singapore’s star banker Piyush Gupta creates succession dilemma for DBS
Singapore’s gross domestic product per capita ... One early decision was to beef up transaction banking, a combination of cash management and trade finance that Gupta knew well from his time at Citi.
Investing in digital economies: How investors can diversify their portfolios and ride the tech wave in South-east Asia and India
Apple, which makes most of its products in China, is rapidly expanding production in India and Vietnam and it may soon add Thailand as a manufacturing base. Read more at The Business Times.
BRIEFS: Hong Kong, Singapore spearhead ESG integration in Asian private equity
Mark Uhrynuk, a partner at Mayer Brown, says regulators in Hong Kong and Singapore are spearheading this transformation in the approach expected to reshape the PE industry. “Many Asia-based PE ...
Asia-Pacific Strategic Investments’ acquisition of MoneySmart falls through
ASIA-PACIFIC Strategic Investments (APS) will no longer acquire Catapult Ventures, which owns personal financial marketplace MoneySmart. Read more at The Business Times.
Digital Banking: Singapore’s OCBC to Enable Fully Digital Account Opening for Foreigners
OCBC (SGX: O39) has launched a fully digital account opening service for consumers in its key markets who are relocating to Singapore.
Top Stock Market Highlights of the Week: Singapore’s Core Inflation, Micron Technology and Oracle Corporation
Inflation continues to ease in Singapore while we look at a chipmaker’s latest results to gauge the supply-demand situation within the sector. The post Top Stock Market Highlights of the Week: ...