News
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.
Singapore’s household spending to grow by 3.1% in 2022: Fitch Solutions
The growth rate estimate is lower than the 2021 forecast of 6.6%.
DBS to only send 'essential' SMEs to retail, wealth customers
The bank assured customers that it employs a multi-layered defence system against fraud.
S-REITS well-positioned to weather interest rate hikes: RHB
This after S-REITs delivered a modest 6% in total returns in 2021.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.
CapitaLand Development divests Vietnam-based Capital Place for $751m
It will redeploy the proceeds from this divestment into higher-yielding assets.
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.
Vertex SPAC’s public offering subscribed 36 times
The company offered 0.6 million units at $5 each.
6 of 10 businesses think corporate integrity standards have stagnated
96% of respondents also believe that this is essential to their organisation.
NODX grows 18.4% in December 2021
The record surpassed Bloomberg's estimate of 13.5%.
56% of S'poreans did not receive ‘strong support’ from employers during the pandemic
Globally, the percentage of workers who had the same sentiment was lower at 51%.
Market update: STI down 0.04%
Sembcorp Industries had the most growth.
Cryptocurrency ATMs close down in Singapore following MAS clampdown: report
Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
Lentor Hills Road closes bids below expectations
Jalan Tembusu, meanwhile, saw a strong performance due to the opportunity present in the area.
Axe the gap with tax: Will the GST Amendment Bill level the playing field for local business?
Under the bill, goods worth $400 or less imported by air or post will be subject to GST.
Grab Singapore includes more banks in linked account feature
Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.
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