Financial Services

SGX RegCo questions Metech International shares

The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 

Top 50 insurance firms revealed a 17.22% increase in assets

Digital dominance and healthtech helped them mitigate losses, Singapore Business Review found.

MAS fines Vistra Trust (Singapore) $1.1m for failures in its AML/CFT controls

VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.

Younger Singaporeans led 50% of the overseas in-store spending increase

The US, the UK, and Australia were their top destinations during the year-end. 

6 of 10 businesses think corporate integrity standards have stagnated

96% of respondents also believe that this is essential to their organisation. 

The lure of Singapore – An attractive destination for single family offices

The majority of SFO growth has taken place in Asia, with locations such as Singapore and Hong Kong gaining international popularity.

Moderate earnings expected for SGX: RHB

RHB points to a two-month-long dip in total securities market turnover and an incoming economic reopening.

UOB to lift income from ASEAN-4 markets by 40% with Citi consumer biz acquisition

Completion of the acquisitions is expected to take place from H2 2022 to Q1 2024.

SG extends insurance coverage for COVID-19 vaccine complications

This is part of its continued support for the vaccination and booster drive.

Singapore e-commerce market to reach $10.7b by 2025

The growth of e-commerce will also give the e-payments market a boost.

3 areas in financial statements Singapore companies must improve on

This was according to a study conducted by professors from NTU and SMU. 

Singapore Airlines prices $807.74m notes due 2029 at 3.375%

These will be issued at 99.27% of their principal amount. 

iFAST raises $105m from latest share placement

The share placement was oversubscribed, double the base deal size of $75m.