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THE Inland Revenue Authority of Singapore (Iras) on Monday said Hwa Luck Investments and its controlling director Tan Hwa Luck were convicted for incorrect declaration of directors' fees in the company's corporate income tax returns.

A SKILLS map for family office advisers to deepen specialist skill sets was launched on Monday by the Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS), as part of efforts to enhance Singapore’s growing family office ecosystem.

UOB Asset Management (UOBAM) on Monday launched a robo-advisory mobile app for retail investors in Singapore, following the rollout of its UOBAM Invest online portal which was first introduced in 2018 for corporate investors.

AXA Insurance on Monday said it is offering unlimited free teleconsultations with general practitioners (GP), and waiving delivery fees for medication, to all individuals in Singapore from July 23 to Dec 31.

THE national joint venture between Malaysia and Singapore, M+S Pte Ltd, has obtained a S$1.95 billion green loan for its sustainable asset Marina One from DBS, OCBC Bank and United Overseas Bank (UOB).

DESPITE strong returns among life insurers' participating funds in 2019, three insurers have opted to cut bonuses or dividends for some policyholders.

CITI on Friday announced the appointment of banking veteran Lee Lung Nien as the South Asia chairman of its private banking arm.

INTERNATIONAL trust Asiaciti Trust, which was penalised by the authorities over poor anti-money laundering controls, said the failures identified have been fully addressed. Since 2018, the new management team at its Singapore office has also enhanced internal compliance and governance systems to fully meet the requirements, the...

INTERNATIONAL trust Asiaciti Trust, which was penalised by the authorities over poor anti-money laundering controls, said the failures identified have been fully addressed.

MAINBOARD-LISTED United Overseas Insurance (UOI), the general insurance arm of United Overseas Bank, saw its net profit shrink by 42 per cent to S$4.9 million for the second quarter ended June 30, 2020, from S$8.4 million for the corresponding period last year.