In 24 over-the-counter bond transactions, the RMs had made inaccurate or incomplete disclosures to clients, resulting in the clients being charged spreads that were above the bilaterally agreed rates. These transactions took place between November 2018 and September 2019, said MAS.
Tag: Business
SM Lee goes #jalanjalan during China visit; says Singapore needs to be “friends with all sides”
Posting a series of images on his Twitter account, signed “LHL”, at the end of his six-day visit, SM Lee wrote: “Took a #jalanjalan at the lively Yuyuan Old Street in the evening. Every corner is captivating as the traditional Chinese buildings are illuminated with beautiful lights.” The phrase “jalan jalan” is Singlish — that is, Singapore English — for “taking a stroll”.
Be careful with your cash: Amid geopolitical tensions, MAS advises Singapore to be ready for volatility
In its analysis of the ‘Global Macrofinancial Environment’, the central bank of Singapore said that while global economic activity “has remained resilient”, there was still a risk because of “heightened policy uncertainty, trade tensions, and geopolitical conflicts that increase the probability of adverse shocks”.
This era is not of deglobalisation, but of reglobalisation, says PM Wong at G20; emphasises on making ASEAN stronger
Referring to the shifting global dynamics, Singapore Prime Minister Lawrence Wong said at the G20 Summit in Rio de Janeiro that it was necessary “[to] strengthen our own neighbourhood”, meaning the Association of Southeast Asian Nations (ASEAN).
King Carl XVI Gustaf and Queen Silvia of Sweden coming to Singapore on state visit from Nov 19 to 21
A Swedish Royal Court press release said: “The aim of the State Visit is to consolidate and develop the good relations between Sweden and Singapore and strengthen economic and political ties, focusing on trade, innovation, investment and green transition.”
DBS Group announces SGD 3 billion share buyback programme, after posting record net profit in Q3 2024
With less than five months left before the leadership transition at DBS, the group notched up a major achievement, as its third-quarter 2024 net profit crossed SGD 3 billion for the first time — the Q3 net profit rose 15 per cent from a year ago and 8 per cent from the previous quarter to reach SGD 3.03 billion.
India’s Adani Power cuts electricity supply to Bangladesh over unpaid bill
India’s Adani Power slashed electricity supply to neighbouring Bangladesh over unpaid bill
Abu Dhabi crown prince visits Singapore; 8 MoUs signed, ranging from AI to clean energy
Reporting on the Singapore visit, the Abu Dhabi Media Office said: “His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has attended a networking event with members of the UAE-Singapore Business Council, during his official visit to the Republic of Singapore.”
Crafting an effective Request for Proposal response
Connect the dots between your past successes and the current RFP requirements. Use specific examples or case studies to illustrate how you have handled similar situations or projects.
Diwali 2024: Be alert and don’t shop till you drop into an online scammer’s trap
The festival of Diwali is just days away, and for Indians everywhere, it means cherry-picking the best buys from an explosion of online shopping offers. However, in this day and age, a dealfest also means that cyber-crooks are just as much out there, picking their targets.
