Business

Building Wealth in Modern India

The statistics are not in favour of financial reform in India, as 1.21 billion people live below the poverty line. While the number seems...

MAS issues advisory to financial institutions to stay vigilant against cybersecurity threats

Following recent reports of overseas cybersecurity threats, the Monetary Authority of Singapore has issued an advisory urging financial...

Shell goes green with plan to install solar panels at its Singapore units

To give a fillip to conservation of energy, Shell is planning to install solar panels at its petrol stations in Singapore and could also do...

Over SGD800 million in WCS for Singapore employers

Over 90,000 employers in Singapore will receive more than SGD800 million in payouts by March 31 under the Wage Credit Scheme (WCS). At...

Indian rideshare platform Ola expands Down Under

Following a successful launch in Perth last month, Indian ridesharing platform Ola is now officially operating in Sydney and has hired a...

Grab makes foray into fintech and financial services

Singapore-based ride-hailing firm Grab will be partnering Japanese credit card company Credit Saison to embark on a joint venture called...

Standard Chartered hires Indian MD as part of NRI market expansion

Standard Chartered Private Bank in Singapore has recruited a Non-Resident Indian (NRI) as the new managing director. Nakul Beri, an...

Singapore Saving Bonds issue limit of SGD50,000 to be removed from today

The Monetary Authority of Singapore (MAS) made the announcement that the SGD50,000 issue limit for Singapore Savings Bonds (SSB) will be...

Indian fintech start-ups converge in Mumbai as UK firms look to invest, share knowhow

Fintech start-ups from India converged in the financial capital Mumbai on Tuesday, joined by financial technology firms from UK looking for...

Singapore competition commission to further investigate Uber, ComfortDelGro tie-up

The Competition Commission of Singapore (CCS) said yesterday it plans to do further in-depth assessment of the tie-up between the...

SGX to launch new products to succeed Nifty derivatives by August

The Singapore Exchange (SGX) announced today that it will list successor products to its SGX Nifty family of products before August 2018,...

Mumbai is host to most expensive average rents for expatriates in India: Lee Quane

Following the report by ECA International about Singapore dropping down the rankings of cities with most expensive accommodation in Asia;...

OCBC net profit touches SGD4.15 billion in 2017

Singapore’s second-largest lender, Oversea-Chinese Banking Corporation (OCBC) reported a net profit of SGD4.15 billion in 2017, which is...

SGX plummets after Indian bourses’ decision to stop licensing data to foreign exchanges

Last week’s decision by India’s three main bourses to stop licensing products and data to foreign exchanges caused shares in Singapore...

DBS Group net profit touches SGD1.22 billion, up 33% in Q4

Singapore’s biggest lender, DBS Group Holdings has shown a remarkable performance as its net profit reached a new quarterly record of...

Singapore Airlines’ tryst with digital innovation a flightplan to become best airline again

To boost its technological capabilities and regain the title of the best airline, national carrier Singapore Airlines has partnered with...

SBI partners with Transfast to help NRIs transfer money

State Bank of India (SBI) has tied up with US-based Transfast Remittance LLC to help Indian diaspora in remitting their funds back to India.

Ravi Menon named as Asia Pacific central banker of the year

For makeover of Singapore’s financial system, Indian-origin managing director of the Monetary Authority of Singapore (MAS), Ravi Menon has...

Singapore-based fintech firm InstaReM aims for 600 per cent growth

An Indian fintech start-up headquartered in Singapore, InstaReM aims to grow 600 per cent in the financial year 2018-19. The company offers...

Singapore SMEs to have stronger sales and profit in first six months of new year

As Singapore’s economy improves, there is good news for the small-and-medium enterprises (SMEs) in the new year as they expect stronger...

Walmart stops sale of Indian Lord Ganesh doll after 24 hours of Hindu protest

Multinational retail corporation Walmart has stopped the sale of ‘Ganesh Plush Doll’, the Indian Lord Ganesh, from its portal...

Value of Big B’s bitcoin investment jumps from USD250,000 to USD17 million

Over the last two years, a USD250,000 worth of investment made by the Big B and his son Abhishek Bachchan in a Singaporean firm has now...

Shopmatic, Asia-Pacific MSME Trade Coalition to support emerging businesses in India, China markets

Singapore-based e-commerce company Shopmatic announced a strategic partnership with the Asia-Pacific MSME Trade Coalition (AMTC) aimed at...

Indian energy firm Adani cancels mining contract with Aussie company

Adani yesterday said it has cancelled a USD2.6 billion contract with Australian mining services company Downer as part of a cost-cutting...

Amazon launches Prime membership in Singapore to attract customers

To expand its base, global e-commerce giant Amazonh launched its Prime membership programme in Singapore today. Members will enjoy a host of...