SINGAPORE has introduced an omnibus Bill that consolidates the financial watchdog's key supervisory powers and among other things, enhances regulation of virtual asset service providers.
SINGAPORE'S life insurance industry posted a total of S$5.4 billion in weighted new business premiums in 2021, up 23 per cent from the total amount achieved in 2020.
LUMINOR Financial Holdings' wholly-owned subsidiary, Starland Axis, has agreed to buy a 71.6 per cent stake in equity and debt crowdfunding platform Funded Here for S$4.1 million, Luminor said on Saturday (Feb 12).
LUMINOR Financial Holdings' wholly-owned subsidiary, Starland Axis, has agreed to buy a 71.6 per cent stake in equity and debt crowdfunding platform Funded Here for S$2.9m, Luminor said on Saturday (Feb 12).
DBS reported a net profit of S$1.4 billion for the fourth quarter of the financial year ended Dec 31, 2021, up 37 per cent from S$1 billion in the year-ago period.
DBS D05 sees itself in a strong position heading into a year of impending rate hikes, with loans and CASA (current account and savings account) ratios at their highest levels and asset quality improving as economies continue to rebound.
MERGER-and-acquisition (M&A) executives are bullish on the prospects of continued deal momentum in 2022 despite high prices and intense competition.
SIX entities related to online trading platform Samtrade FX have been placed under judicial management, following the Singapore authorities' probe into their potential offences under local securities laws.
