SINGAPORE: Singapore authorities have taken action against the former deputy chief executive officer (CEO) of BSI Bank Ltd, Singapore Branch (BSIS) for his contribution to the bank’s failure to file suspicious transaction reports (STR) regarding 1Malaysia Development Bhd (1MDB)-related transactions. Read full storyContinue Reading
SINGAPORE: Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited concerns about falling global fuel demand. Read full storyContinue Reading
SINGAPORE Telecommunications Ltd said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit – Optus. Read full storyContinue Reading
Officials and volunteers have been mobilised to make an additional 100,000 sandbags to reinforce the embankment and secure Nonthaburi municipality against the rising Chao Phraya River.Continue Reading
Held in Samarkand, Uzbekistan, from September 15 to 16, the 2022 summit of the SCO Heads of State Council demonstrated that the Shanghai Cooperation Organization was continuing to evolve into a viable international political congregation independent from the West. In the early 19th century, international organizations (IOs) began to emerge as modest arbiters of European affairs. […]
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Directs banks & card issuers to keep high vigilance over activities of cards
Public reminded under existing payment card rules, customers not liable In a press release today, Bank Negara Malaysia (Bank Negara) said that following the completion of the independent forensic investigation, iPay88, a provider of payment gateway services to banks…Continue Reading
KUALA LUMPUR: The Employees Provident Fund’s (EPF) total investment income tumbled 21%, or RM7.06bil to RM27bil in the first half to June 30, 2022 (1H22) from RM34.06bil in the corresponding period in 2021. Read full storyContinue Reading
TOKYO – As milestones go, the US national debt surging past the US$31 trillion mark is especially personal for Haruhiko Kuroda and Yi Gang. The leaders of the Bank of Japan (BOJ) and People’s Bank of China (PBOC), respectively, run the overseas institutions sitting on the largest stockpiles of US government bonds. Japan has $1.23 […]
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The National Strategy for Countering the Financing of Terrorism comprises actions to prevent, detect, investigate and enforce aspects of terrorism financing.Continue Reading
Risk gauges in Germany’s government debt market rose last week to levels higher than recorded in the 2008 world financial crash, as margin calls forced the liquidation of derivatives positions held by banks, insurers and pension funds. Big institutional investors that spent the past ten years insuring their portfolios against falling interest rates now face […]
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