Financial Services
Ransomware attack exposes customer data at DBS, Bank of China Singapore
Ransomware attack exposes customer data at DBS, Bank of China Singapore
About 8,200 DBS customer statements were potentially compromised.
Authorities warn public about scam calls impersonating MAS officials
At least three cases have been reported since March 2025, resulting in losses of more than $614,000.
Foreign exchange and money markets functioning normally: MAS
The central bank said that it is ready to curb “excessive volatility” in the SGD.
Keppel sells 29.52% stake in Keppel Philippines to Kepwealth
The $10.8m divestment is not expected to impact Keppel’s FY2025 earnings.
OCBC prices €500m covered bonds due 2028
The covered bonds are offered at a fixed rate of 2.481% per annum.
European PE firm Inflexion opens Singapore office
It has named Shane Gong as its managing director.
iFAST Corp taps Terence Lin as new group CFO
His appointment is effective from 1 April.
UOB issues new senior notes due 2028
The notes will be issued under the US$30b Global Medium Term Note Programme.
Chocolate Finance completes March redemptions processing
The company said 100% of requests made during that period were paid out in full by the end of Friday, 21 March.
Funding Societies secures backing from Gobi Partners to drive SME fintech growth
The partnership will enhance Funding Societies’ tech-driven lending processes and risk management.
Chocolate Finance clears most withdrawal requests after halt
90% of March 10 withdrawals have been processed.
MoneyMax completes digital token issuance
The tokens are Series 011, Series 012, and Series 013.
Singlife, aberdeen launch new share class of global income bond fund
The fund invests substantially in global multi-sector bonds rated BBB and BB.
Banks’ profits to remain ‘stable’ this 2025
Meanwhile, problem loan ratios are expected to remain at 1% to 2%.
Singapore leads in card payment usage in Southeast Asia
Cards are the most widely accepted payment option.
Chocolate Finance, Allfunds reaffirm fund security and orderly withdrawals
Funds are securely held according to Singapore’s regulations.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape