Financial Services
DBS to acquire Taiwan Citi franchise at premium of $956m to $1.06b
DBS to acquire Taiwan Citi franchise at premium of $956m to $1.06b
The move is set to make the bank the largest foreign bank in Taiwan by assets.
OCBC implements anti-scam measures following increased phishing attacks
One measure is the removal of the clickable links in SMSes sent by the bank.
MAS, Bank Indonesia beef up bilateral cooperation
The institutions will collaborate on payments innovation projects amongst others.
Keppel Data Centre Fund II attains $1.48b in funding
It got Asian Infrastructure Investment Bank as its investor.
SGX RegCo questions Metech International shares
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period.
Singtel Alpha Investments acquires 16.26% stake in Indonesian bank
The shares were bought for $48.0m.
Top 50 insurance firms revealed a 17.22% increase in assets
Digital dominance and healthtech helped them mitigate losses, Singapore Business Review found.
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.
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.
6 of 10 businesses think corporate integrity standards have stagnated
96% of respondents also believe that this is essential to their organisation.
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.
Moderate earnings expected for SGX: RHB
RHB points to a two-month-long dip in total securities market turnover and an incoming economic reopening.
UOB to lift income from ASEAN-4 markets by 40% with Citi consumer biz acquisition
Completion of the acquisitions is expected to take place from H2 2022 to Q1 2024.
MAS' Ravi Menon appointed as chair of Network for Greening the Financial System
He succeeds Frank Ederson.
SG extends insurance coverage for COVID-19 vaccine complications
This is part of its continued support for the vaccination and booster drive.
30 victims of OCBC Bank phishing scam receive goodwill payouts
The phishing scam surfaced in December 2021.
Singapore e-commerce market to reach $10.7b by 2025
The growth of e-commerce will also give the e-payments market a boost.
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