Monetary Authority of Singapore

SBS Transit has appointed Bob Tan Beng Hai as chairman of the board, replacing Lim Jit Poh, who steps down after 18 years at the helm. Lim will stay on as a senior advisor.

Singapore’s economy may just stage a better-than-expected recovery this year, after posting its worst recession on record in 2020.

A 33-year-old Singaporean Ng Yu Zhi was charged in court earlier today for cheating.

Oversea-Chinese Banking Corporation has appointed Andrew Khoo Cheng Hoe as a non-executive independent director, effective March 8.

The vaccine rollout and return to form for dividends will contribute to UOB’s recovery over the course of the year, says OCBC Investment Research. 

Wilson Tan Kheng Yeow, the former CEO of KTL Global, has been slapped with two charges of cheating the company’s own subsidiary of some $1.5 million.

DBS Trustee will comply with a directive by the Monetary Authority of Singapore to remove the current REIT manager of Eagle Hospitality Trust.

A former fund manager Sun Weiyeh, was charge in court on Oct 22 under the Securities and Futures Act (SFA) for acts that were likely to defraud investors. 

Hg Exchange (HGX), a private exchange formed by an alliance of PhillipCapital, PrimePartners and Fundnel, has commenced trading private company shares.

AMTD Group, via its AMTD ASEAN Solidarity Fund Group, has invested a total of $11.5 million in five fintech start-ups in Singapore.