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MAS slaps additional S$330m capital requirement on OCBC over its response to SMS scams

THE Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of about S$330 million on OCBC Bank for its deficiencies in responding to a wave of spoofed SMS phishing scams in December 2021.

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Azalea’s Astrea 7 PE bonds overall 3 times subscribed at over US$2b

The latest batch of Astrea private equity (PE) bonds, launched by Temasek-backed Azalea Asset Management, was overall 3 times subscribed.

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Bank of Singapore names ex-BlackRock exec as global head of alternative investments and managed solutions

BANK of Singapore (BOS) is appointing industry veteran Robert Reid as its new global head of alternative investments and managed solutions, with effect from May 30.

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Ringgit to continue weakening after breaching RM4.40 mark: analysts

WHEN Laura Lim, a 38-year-old Malaysian who has worked in Singapore for the past 8 years, heard news of the ringgit depreciating to RM3.19 to the Singapore dollar this week, she had mixed feelings about where the Malaysian currency was headed in the coming months.

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Ringgit likely to weaken further after breaching 4.40 against USD: analysts

WHEN Laura Lim, a 38-year-old Malaysian who has worked in Singapore for the past 8 years, heard news of the ringgit depreciating to RM3.19 to the Singapore dollar this week, she had mixed feelings about where the Malaysian currency was headed in the coming months.

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Solv-ing the financing needs of MSMEs in emerging markets

MICRO, small and medium-sized enterprises (MSMEs) across the world have borne the brunt of today’s global supply chain challenges, brought on by the Covid-19 pandemic and compounded by the ongoing Russian-led war in Ukraine.

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OCBC to invest over S$25m in decarbonisation efforts

OCBC will invest more than S$25 million in its operations in Singapore, Malaysia and Greater China in a bid to reduce its carbon footprint.

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KKR closes US$1.1b inaugural pan-Asia credit fund

KKR has announced the final close of its US$1.1 billion KKR Asia Credit Opportunities Fund (ACOF), which is focused on performing privately originated credit investments in Asia-Pacific.

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Manulife appoints new Asia CEO

MANULIFE has appointed Damien Green as chief executive of its Asia segment, replacing Anil Wadhwani who has left the company.

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Manulife appoints Damien Green as new Asia CEO

MANULIFE has appointed Damien Green as chief executive of its Asia segment, replacing Anil Wadhwani who has left the company.

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