Financial Services

SGX appoints Richard Teng as Head of Regulation

Other appointments include Mr Kelvin Koh as Head of Market Surveillance, Ms Annie Ong as Acting Head of Enforcement, and Ms Agnes Siew as Head of...

SGX appoints Richard Teng as Head of Regulation

Other appointments include Mr Kelvin Koh as Head of Market Surveillance, Ms Annie Ong as Acting Head of Enforcement, and Ms Agnes Siew as Head of...

DBS to be overtaken by Maybank if acquisition pushes through

Malaysia’s--and potentially Southeast Asia’s--biggest lender plans to acquire RHB for a combined capitalisation of approximately $29 billion.

Fraudulent employee ordered to pay more than $2m

A high court ruling said the former EFG employee made 160 unauthorised trades in a client’s account.

Temasek CEO’s departure possible by August

Under Ho’s leadership, Temasek’s assets climbed 43% to $186 bn in 2010, according to a report from the Financial Times.

MAS appoints Lawrence Wong Shyun Tsai to its Board of Directors

Mr Wong’s term of appointment will be from 10 June 2011 to 31 May 2013.

PricewaterhouseCoopers ties up with Visual Risk

Will help ‘at -risk’ modelling and ‘stress testing’, says the auditing firm.

What you need to know about GIC’s 6 new presidents

The six new men and their appointment shows a strong tilt towards property and special investments, so who are these new chiefs?

ANZ Singapore launches Gold Account

The account can be transacted in a wide variety of currencies including US Dollar, Singapore Dollar, Euro, Australian Dollar, New Zealand Dollar...

Maybank market share to double if RHB merger goes ahead

With the Malaysian government being the biggest shareholder in both banks, this one should be a no brainer.

UOB’s Indonesia business growing strongly

UOBI aims to achieve a pre-tax profit of 30% by 2015.

SingPost branches offer cash out service for Card Alliance customers

Through the EPINS CashOut service, Maybank cardholders are allowed a daily withdrawal limit of S$300.

CIMB and Maybank in talks to buy RHB

From Reuters, Malaysia's top two banks, Maybank and CIMB Group, are beginning rival talks to buy RHB Capital, which could lead to creating Southeast...

Lee Kuan Yew retires as Chairman and Director of GIC

He will be appointed Senior Advisor to the Board.

Mega banned: Indonesia’s Mega Bank banned from opening new branches

Mega has weak internal control, and Bank Indonesia isn’t happy about it.

Singapore-Saudi Arabia DTA takes effect 1 July

The two countries’ agreement for the avoidance of double taxation clarifies taxing rights.