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SINGAPORE: A digital platform for financial institutions in Singapore to share information on suspicious customers or transactions will be set up after parliament passed the Financial Services and Markets (Amendment) Bill on Tuesday (May…

SINGAPORE: The Monetary Authority of Singapore (MAS) has not instructed banks to "keep quiet" about the origins of wealth inflows into Singapore, the Private Banking Industry Group (PBIG) said on Friday (Apr 14). The industry group's…

FILE PHOTO: FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su/File Photo/File Photo | Photo Credit: Edgar Su Temasek, Singapore-based sovereign wealth fund, raising its stake in…

SINGAPORE: Credit Suisse will continue operating in Singapore with no interruptions, the Monetary Authority of Singapore (MAS) said on Monday (Mar 20), after it was announced that the troubled bank would be taken over by UBS. "Credit…

The pharma, healthcare and biotech, and IT and ITeS sectors led the deal activities with 17 per cent and 13 per cent of the volume, respectively,This is the second-lowest deal volume and the lowest value since 2014The deepening funding…

SINGAPORE: The Singapore banking system has “insignificant exposures” to the failed Silicon Valley Bank (SVB) and Signature Bank, which collapsed in recent days, the Monetary Authority of Singapore (MAS) said on Monday (Mar 13). “Banks in…

MUMBAI: Allowing insurance companies to have a composite licence could trigger a round of consolidation, according to a senior analyst at Moody’s Investor Service.Both the insurance regulator and the finance ministry have proposed issuance…

Chinese regulators approved a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit, signaling progress in the government-ordered overhaul of the financial technology firm. The China…

Aided by the $57.8-billion merger of HDFC Bank and HDFC, India Inc reported its highest ever mergers and acquisitions in calendar 2022 at $171 billion as against deals worth $145 billion announced last year. The acquisition by the Adani…

SINGAPORE: Cryptocurrency exchange FTX was not placed on the Monetary Authority of Singapore’s (MAS) investor alert list as it was not actively soliciting users in Singapore, the authority said on Monday (Nov 21). In a statement addressing…