Financial Services
Watchdog warns weak fines leave S’pore exposed after $3b laundering case
Watchdog warns weak fines leave S’pore exposed after $3b laundering case
The market remains vulnerable to illicit fund flows despite its mature financial sector.
3 days ago
UOB’s Q1 earnings slip to $1.4b on weaker interest income
Fees and trading supported results as margin pressure and rates constrain earnings.
3 days ago
UOB moves tech workforce to fuel Southeast Asia digital growth
The new technology centre anchors regional banking capability development.
3 days ago
Aleta Planet wins Malaysian payment licences for ASEAN expansion
This adds to its merchant acquirer licence for credit and debit card payments.
4 days ago
MAS convenes banks as autonomous AI cyber risks escalate
Officials are monitoring Anthropic’s Mythos and its ability to identify vulnerabilities.
4 days ago
MoneyHero posts first quarterly profit on cost cuts, AI efficiency gains
Lower tech, marketing and staff expenses supported its $636,000 quarterly net profit.
6 days ago
SME borrowing costs ease to 8.18% in 2025 but Middle East risks loom over 2026
Loan approval rates rose to 74% but bank processing times stretched to 33 days amidst shifting credit conditions.
GXS narrows net loss to $208m in FY2025
Net interest income rose to $55.6m, whilst operating expenses dipped to $217.6m.
MoneyMax raises $44.3m in placement ahead of SGX Mainboard transfer
The company aims to complete its listing transfer by the first week of May.
OCBC, Lion Global Investors and DigiFT roll out tokenised gold fund on public blockchain
Southeast Asia’s first on-chain physical gold fund targets institutional and accredited investors.
Interpath expands into Singapore with Michael Horn leading SEA
This followed its Hong Kong entry in April 2025.
MAS, banks to strengthen GIRO safeguards: Alvin Tan
A review will consider setting monthly caps on the value and number of transactions.
Aspire taps J.P. Morgan for global FX capabilities
Deal starts with five-currency wallet conversions.
Material cost hikes could cut construction margins by up to 2.4 points: CGS
Fixed-price contracts are leaving subcontractors to absorb initial cost spikes.
Insurance growth crippled by legacy tech despite 82% claiming leadership
Short-term operational panics actively kill long-term strategic planning for local carriers.
OCBC gold trades jump 60% after 28 February amidst Middle East conflict
First-time investors now make up 7% of the bank’s total precious metals base.
OCBC sustainable finance portfolio climbs to $80b on 2025 gains
The bank’s 2025 report shows it issued over 280 green and sustainability-linked loans for net-zero goals.
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