Lifestyle
MAS launches centralised digital platform against money laundering, terrorism financing
THE Monetary Authority of Singapore (MAS) launched Cosmic – which stands for Collaborative Sharing of Money Laundering/Terrorism Information and Cases – to facilitate customer information-sharing among financial institutions (FIs).On...
What does hike in insurance coverage on bank deposits to $100,000 mean for you?
FROM Apr 1, the insurance coverage on your Singapore-dollar-denominated deposits with retail banks and finance companies will be raised to S$100,000, from S$75,000 previously, as announced last September.This means...
Keppel, KIT expect proposal to extend KMC plant contract to generate up to S$1.1 billion in cash flows
KEPPEL and Keppel Infrastructure Trust (KIT) on Monday (Apr 1) proposed to amend and extend the capacity tolling agreement for the Keppel Merlimau Cogen (KMC) power plant by 10...
UK restaurants and bars cut hours as costs soar by £3.4 billion
RESTAURANTS and bars across Britain are having to slash staff working hours to cushion the blow of a £3.4 billion (S$5.8 billion) spike in annual costs, according to the...
China’s SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge...
Workers remove first chunk of destroyed Baltimore bridge
WORKERS have lifted out the first, 200-ton chunk of Baltimore’s collapsed bridge, officials said on Sunday, as efforts get underway to clear the harbour of the steel structure destroyed...
From coal financing to green lending: OCBC’s chief sustainability officer Mike Ng on the just transition
MIKE Ng still remembers working through the contractual structure and complications of a deal involving the financing of a coal-fired power plant when it was first commissioned more than...
Japanese banks less reluctant to finance hostile takeovers, lobby chief says
JAPANESE banks have become less reluctant to finance hostile acquisitions because the government’s new takeover guidelines have shaken off the taboo on such deals, the country’s new banking lobby...
