Singapore
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.
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%.
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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.
The lure of Singapore – An attractive destination for single family offices
The majority of SFO growth has taken place in Asia, with locations such as Singapore and Hong Kong gaining international popularity.
This zero-emission electric cabin motorbike redefines sustainability on city roads
The KBi Vigorous combines high performance, speed, and safety in the comfort of a fully covered vehicle, in one compact package.
Lentor Hills Road closes bids below expectations
Jalan Tembusu, meanwhile, saw a strong performance due to the opportunity present in the area.
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