Financial Services
Top 50 insurance firms revealed a 17.22% increase in assets
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.
MAS' Ravi Menon appointed as chair of Network for Greening the Financial System
He succeeds Frank Ederson.
SG extends insurance coverage for COVID-19 vaccine complications
This is part of its continued support for the vaccination and booster drive.
30 victims of OCBC Bank phishing scam receive goodwill payouts
The phishing scam surfaced in December 2021.
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.
57% of Singapore's SMBs rely more on digital payments: PayPal
The digital payment platform surveyed 210 businesses.
NTUC Income to enter into corporatisation exercise
The move will establish its legal form to a company governed by the Companies Act.
SGX-listed ETF AUM almost doubles to $12.55b in 2021
This follows the additional 5 ETFs for 2021.
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Commentary
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