Man gets jail for setting up company and bank accounts in money laundering scheme
2022-11-03
Criminal proceeds of more than US$200,000 were channelled through the bank accounts.Continue Reading
DBS profit jumps 32% to record on rates, flags upbeat outlook
2022-11-02
The bank saw sustained business momentum in the quarter and asset quality was resilient, DBS CEO Piyush Gupta said in a statement. Looking ahead to next year, he said the loan pipeline remained healthy and could reach mid-single digit growth. While the bank’s net fee and commission income fell 13Continue Reading
Consolidated view of insurance policies now available on SGFinDex
2022-11-02
The inclusion of insurance data adds to existing banking and investment data that individuals can retrieve via SGFinDex.Continue Reading
Financial leaders must become wiser investors
2022-11-02
Hong Kong is hosting this week a much-anticipated investment summit that brings together heads of the world’s top banks and other big names in finance. These “Wall Street titans” from more than 100 major global monetary institutions were called on to tackle three sets of challenges and opportunities in economy, technology and sustainability. So many […]Continue Reading
ââJCB, IDEMIA, Soft Space to launch CBDC pilot
2022-11-02
Having been widely tested, the CBDC is expected to be accepted by consumers, merchants
Payment system to be developed by late 2022 & tested on merchants till March 2023Â Japanâs international payment brand JCB Co Ltd (JCB) has launched the JCB Digital Currency (JCBDC) pilot project with identity technologies firm, IDEMIA and…Continue Reading
Morbi bridge collapse: How a tourist spot became a bridge of death
2022-11-02
One of India’s worst disasters for years left 135 people dead – how did it happen?Continue Reading
New ‘buy now, pay later’ guidelines: S$2,000 cap a good start but not enough, experts say
2022-11-01
Consumers can still “borrow” S$2,000 each from different “buy now, pay later” providers without going through any credit checks, experts pointed out.Continue Reading
Indian bridge death toll climbs to 135 as search operations enter third day
2022-11-01
MORBI, India: The death toll from an Indian foot bridge collapse rose to 135 on Tuesday (Nov 1) with search operations entering a third day, although authorities said nearly all those believed to have been missing are now accounted for. The colonial-era suspension bridge over the Machchhu river in MorbiContinue Reading
PM Lee sends condolences after India bridge collapse
2022-11-01
More than 130 people died after the bridge in Gujarat collapsed.Continue Reading
10-year average return for Singapore Savings Bonds rewrites record high at 3.47%
2022-11-01
The December tranche that opens for application on Tuesday (Nov 1) also offers a record first-year interest rate of 3.26 per cent.Continue Reading