SINGAPORE: Two US-based investment funds have filed a lawsuit in New York against dozens of banks accusing them of conspiring to rig derivative prices incorporating Singapore interest rate benchmarks, a court filing showed. The suit
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Brexit vote a ‘turning point’: PM Lee
SINGAPORE: Britain’s vote to leave the European Union (EU) is a turning point, Prime Minister Lee Hsien Loong said on Friday (Jun 24), after the UK voted in a referendum to leave the EU. The
Read moreTaking the taste of Singapore to Seoul
It was love at first bite for Korean actor-singer Jang Soo Won the moment he sank his teeth into the Singapore zi char favourite – cereal prawn. Four years on, he has become such a
Read moreSingapore central bank to set up dedicated teams to combat money laundering
SINGAPORE – The Monetary Authority of Singapore (MAS) will set up dedicated departments to combat money laundering and strengthen enforcement, it said on Monday. This will take effect on Aug 1. Singapore’s financial sector faces the
Read moreFive facts about the Great Singapore Sale
SINGAPORE – This year’s Great Singapore Sale, which started on Friday (June 3), will run for a longer period – 10 weeks, up from eight for the past 12 years – and have a new official
Read moreSingapore Driver crashes car into railtracks.
Singapore car crashed onto Causeway railway tracks; train service between Singapore and Malaysia disrupted for an hour. SINGAPORE – A Singapore-registered car crashed onto the railway tracks on the Causeway on Monday (June 6) morning,
Read moreMan arrested for online scams involving supermarket vouchers, gift cards
SINGAPORE – A 33-year-old man has been arrested for his suspected involvement in online purchase scams, the police announced in a news release on Friday (June 3). Police said it had received several reports since
Read moreCyclist’s death casts spotlight on road safety awareness
Coroner highlights need for road users to note features of other vehicles after e-bike rider died in crash with lorry. Even as power-aided bicycles become a more ubiquitous sight on roads here, the death of
Read moreDBS signs cross-referral agreements for crowdfunding platforms
SINGAPORE – DBS Bank has signed cross-referral agreements with peer-to-peer (p2p) lending platforms Funding Societies and MoolahSense, it announced on Tuesday (April 19). DBS said it is the first Singapore bank to collaborate with such
Read moreTimeshare Trustees we explain
An explanation of the role of timeshare trustees. When a consumer purchases timeshare, they purchase ‘occupancy rights’ in respect of certain holiday accommodation belonging to the developer. The nature of the ‘occupancy rights’ is defined
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