Financial Services
EFGH, TS Group target 50,000 foreign workers with digital wallet platform
EFGH, TS Group target 50,000 foreign workers with digital wallet platform
The white-label app will offer cross-border transfers and domestic financial services.
DBS raises US$272m for PIMCO’s 60/40 fund
Singapore and Hong Kong customers were able to invest at a minimum of S$1,000 or HK$20,000.
Finance and tax firms overhaul supply chains, pivot to AI amidst disruptions
Singapore businesses ready for geopolitical conflict, use AI to focus on high-value activities.
MoneyMax retail surge drives $29.6m net profit in H1 FY2025
Retail and trading accounted 54% of earnings for the first half of the fiscal year.
Trust Bank’s 7,000-stock launch slashes US trading fee barriers
The fractional trading launch features no platform or custody fees through 30 June.
SMEs face a 2026 ‘growth wall’ as OCBC index hits 50.8 peak
Double-digit cashflow growth masks a dangerous slump in healthcare and business services.
Fit note exchange spikes 40% in 2025 as Singaporeans ditch new bills
MAS reports 16 million notes were exchanged last year, enough to power 280 HDB flats.
MoneyMax eyes mainboard move to boost visibility
The group has been listed on Catalist since 2013.
MAS fines surge 579% amidst heightened scrutiny: report
Fenergo links the increase to KYC, AML, and sanctions breaches flagged after tighter supervision.
Singapore keeps retail out of crypto for now
The central bank is unlikely to change its stance in the next two to three years.
SGX RegCo names Dr. Sung Cheng Chih chairman
Dr Sung pledges strong leadership to steer SGX RegCo.
AI investment concentrates in high-growth sectors
Finance, professional services, and education emerge as leading beneficiaries.
Singapore, China deepen financial links through cross-border projects
Financial initiatives aim to boost ASEAN-China connectivity.
StraitsX, Solana launch XSGD, XUSD for seamless payments
XSGD, XUSD process over $23.2B (US$18B) in transactions across blockchains
Singapore’s tighter rules push Chinese wealth overseas
Compliance checks raise friction as investors explore multi-market strategies.
Stricter AML rules push firms toward advanced tech
MAS’s tougher guidelines raise compliance standards and accelerate AI adoption.
Will Singapore banks maintain momentum in 2026?
Dividend yields are expected to reach as high as 6%.
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Commentary
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