News

MAS fines 4 entities S$3.8m for failures in anti-money laundering controls

DBS and OCBC are fined S$2.6m and S$600,000, respectively.

DBS accepts S$2.6m penalty for AML control breaches

It is being fined for breaches related to 11 of its corporate customers.

Which sites are included in the 2H23 GLS programme?

The 2H23 programme comprises eight confirmed list sites and nine reserved list sites.

Daily Markets Briefing: STI up 0.11%; SCI most active stock

Keppel Corporation and SIA are top stocks as well.

Grab lays off 1,000 jobs: report

This represents 11% of its workforce.

APAC commercial real estate faces $5.8b funding gap in next 3 years

CBRE expert reveals strategies to bridge the funding gap and highlights why Singapore shines above-rising interest rates in the region.

MAS suggests digital money standards through whitepaper

The paper includes technical specifications detailing the entire lifecycle of purpose bound money.

Perennial’s Pre 20 clinches tender for private assisted living site with $71.98m bid

The 195,000 sqft facility will have 200 assisted living apartments and a 100-bed nursing home.

Australian Competition Tribunal rejects Telstra, TPG network sharing

Singtel’s Optus said the decision will be beneficial to Australians.

CapitaLand Investment subsidiary placed under members’ voluntary liquidation

Citadines Melbourne On Bourke has ceased business operations.

Daily Markets Briefing: STI down 0.65%; MIT is most active stock

REITs and commercial property firms lead the stock index.

SingPost net profit drops 70.3% in 2023

Its profit stood at S$24.6m in the financial year ended 31 March. 

Maybank Singapore to maintain capital, liquidity above regulatory waters: Moody's

The bank hopes to keep a low problem loan ratio of around 0.5%.