Financial Services
Yongmao Holdings launches $20m multicurrency programme
Yongmao Holdings launches $20m multicurrency programme
It also launched its inaugural issue at a 5.3% interest rate per annum.
SRS and SAS launch programme to upskill remisiers in digital strategies
The programme aims to enhance remisiers' ability to engage with clients.
AI emerges as a key tool for investors, wealth managers: report
Investors now prefer wealth managers who adopt new technologies.
IRAS penalizes over 4,700 companies for late or missed tax filings in 2023
The total penalties incurred from failure to file tax filings reached over $4.9m.
Singapore injects $1.2b from green bonds for rail projects
MAS will allocate the remaining green bond proceeds by FY2025.
MAS forms expert panel for cyber and tech resilience in finance
The panel consists of 13 global industry experts.
Singapore ranks 4th in Global Financial Centres Index
It also ranked second in business environment, infrastructure, and financial sector development.
92% of Singaporeans worry about banking safety
Millennials were most affected by online banking fraud, with 34% falling victim.
MAS issues 5-year prohibition order against Pan Qi
Qi was sentenced to 5 weeks’ imprisonment and fined $120,000 in 2023.
DL Holdings to acquire part of Singapore wealth firm for US$50m
The SG firm has an AUM exceeding US$2.6b ($3.4b).
Gov’t extends 4% SMRA interest rate floor until 31 December 2025
This will raise the SMRA interest rate to 4.14%.
SUNRATE, STCC Thailand partner to boost Thai companies in S’pore
This includes the ability to make payments via SUNRATE's business account to more than 190 countries.
OCBC to set up new hub, partner with SIT in $500m Punggol investment
It plans to complete the hub in Q1 2027.
CIX names new CEO and chair board to lead next phase of growth
Choo and O'Neill will assume roles on 21 October and 1 November, respectively.
Climate Impact X (CIX), a Temasek-backed carbon exchange, has...
Financial sector employment up 4,800 in 2023: DPM Gan
The financial sector made up 14% of Singapore’s GDP in 2023.
PDPC to monitor Worldcoin amidst privacy concerns
It will also work with international counterparts as necessary.
The Personal Data Protection Commission (PDPC) will continue to monitor Worldcoin's...
NVPC and Ant International team up to boost digital fundraising for charities
The initiative will help charities under NVPC’s giving.sg platform.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform