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Prudential operating profit up 16% to US$3.2b

ASIA-FOCUSED insurer Prudential posted a total adjusted operating profit before tax of US$3.2 billion on Wednesday (Mar 9), up 16 per cent from US$2.8 billion in the year-ago period.

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Crypto-currencies unlikely to bypass sanctions on Russia for now: ING

CONCERNS that cryptocurrencies can be used as a major sanction evasion tool against Russia seem "exaggerated" for now as service providers are obliged to apply the sanctions as well, said ING.

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Citi Commercial Bank to add 350 new hires in Asia-Pacific over next 3 years

CITI Commercial Bank (CCB) Asia Pacific is planning to hire close to 350 people, including nearly 200 commercial bankers, over the next 3 years to accelerate growth in the region, it said on Tuesday (Mar 8).

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Cryptocurrencies unlikely to bypass sanctions on Russia for now: ING

CONCERNS that cryptocurrencies can be used as a major sanction evasion tool against Russia seem "exaggerated" for now as service providers are obliged to apply the sanctions as well, said ING.

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First Singaporean appointed as FATF president from July

THE Financial Action Task Force (FATF) has appointed T. Raja Kumar as its next president during its recent plenary, marking the first time Singapore is taking on the FATF presidency.

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DBS sets up board sustainability committee

DBS has established a board sustainability committee (BSC) to provide added governance and oversight of material environmental, social and governance (ESG) matters.

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Green bonds to grow in Asia, but issuers face greater scrutiny, standards

GREEN bonds are set to be the fastest-growing segment in Asia's debt markets in 2022, but borrowers can expect to face greater scrutiny - not just from lenders and investors, but also governments and regulators - which means those that fail to adapt will see smaller pools of...

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ADDX shoots for US$1b in transaction volume by 2023

PRIVATE markets platform ADDX has set its sights on transaction volume of US$1 billion by 2023, more than 6 times the volume of US$150 million achieved in 2021.

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High Court orders freeze of US$7m in stolen crypto; exchanges asked to disclose information

SINGAPORE'S High Court has allowed an application by an American entrepreneur to freeze over US$7 million in crypto assets he claims had been stolen by unknown individuals and entities.

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Keep abreast of Ukraine news, report suspicious transactions: MAS tells banks

THE Monetary Authority of Singapore (MAS) has urged financial institutions to keep abreast of developments in Ukraine and report any suspicious transactions and fund flows.

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