THE imposition of wealth taxes, such as a reinstatement of estate duty and introduction of investment-related taxation such as a capital gains tax, is widely expected to dent Singapore's competitiveness as a wealth management hub.
WOMEN tend to be less invested than men, and a smaller proportion of them feel confident or knowledgeable about making investment decisions. But those who do take the plunge outperform men when it comes to investment returns, according to OCBC's survey of 2,000 working adults in Singapore.
THE Monetary Authority of Singapore (MAS) on Friday announced new senior management appointments as its head of financial supervision Ong Chong Tee leaves.
MORE than 63 per cent of participants in a poll showed a high trust in banks in Singapore, a survey commissioned by the Association of Banks in Singapore (ABS) has found.
MORE than 63 per cent of participants in a poll showed a high trust in banks in Singapore, a fresh survey commissioned by the Association of Banks in Singapore (ABS) has found.
INDONESIA financial and payment service platform PAYFAZZ announced on Thursday a US$30 million investment in Singapore-based payment solutions provider Xfers. With the investment, both payment companies have also agreed to operate under a new entity, Fazz Financial Group (FFG), to provide financial services across South-east Asia.
SINGAPORE is showing strong international leadership on its sustainability drive, with ambitious and concrete targets as part of a new initiative called the Singapore Green Plan 2030.
DIGITAL wallets are poised to overtake credit cards to become the most popular online payment method in Singapore by 2024 amid the e-commerce boom fuelled by the pandemic.
NASDAQ-LISTED Futu Holdings has set up its South-east Asia headquarters in Singapore, where the tech-oriented online broker will soon officially launch its services and use the city-state as a springboard into the region, founder, chairman and chief executive officer Leaf Hua Li says.
WHILE economic recovery from the Covid-19 crisis is gradually taking hold in Singapore, the lower-income group continues to fare poorly, both in terms of their earnings and savings, compared with other segments of society, showed a new report from Singapore's largest bank DBS.
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