Financial Services
Inflated living costs stretch wealthy expats’ incomes in Singapore
Inflated living costs stretch wealthy expats’ incomes in Singapore
Housing, healthcare, and education are way more expensive here.
7 in 10 wealthy Singaporeans willing to leave digitally incompetent wealth managers
Willingness is 2nd in the region.
MOM and DBS unveil integrated process for work permit applicants
It’s now easier to open bank accounts for WP applicants.
Singapore to start rule on precious stones beginning 15 Oct
To apply to cash deals above $20,000.
ACRA overhauls regulatory fee structure, introduces six new fees
Also, over a hundred ad hoc transactions to be made free of charge.
7 out of 10 local financial services firms clueless about conduct risk: survey
Small firms are particularly vulnerable.
Businesses brace for higher fees as ACRA unveils six new corporate charges
How much more will you have to pay?
Show me the money: Creation of SME bank tops local entrepreneurs’ wishlists
Domestic firms are struggling to find financing.
DBS launches mobile app to fuel growth for start-ups and SMEs
Get business advice through an app.
Problematic housing loans to deteriorate mildly in 2014
Isolated cases drove up problem loans in Q2.
Local insurance providers refuse to cover Hong Kong trip cancellations
It's excluded in insurance policies.
Crisis in the making: 9 out of 10 young Singaporeans are not financially ready for the future
Students and young workers cannot deal with financial emergencies.
DBS completes acquisition of Societe Generale’s private banking business in Asia
DBS’ high net worth assets are now $88 billion.
Over 7 out of 10 Singaporeans brace for cash-strapped retirement on back of insufficient CPF funds
Seniors are counting on dole-outs from younger family members.
Financial institutions in Asia Pacific lose US$390m to fraud every year
Losses are growing at 20-25% annually.
Sukuk setback: Singapore’s Islamic finance sector remains dull in 2014
Only one entity was able to sell sukuk.
Welcome the debutante: OCBC unveils rebranded Wing Hang branches in Hong Kong and Macau
The new branches will officially open today.
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