• Developing... More from Bloomberg.com One of the World's Most Expensive Countries Is Debating Giving Away Money Wanda Billionaire Says Disney No Match for His ‘Wolf Pack’ BSI Shut by Singapore as Swiss ...

  • An autonomous vehicle startup backed by Ford Motor Co. Chairman Bill Ford has raised $16 million in additional funding with an eye toward launching autonomous taxis in Singapore this autumn.

  • The Monetary Authority of Singapore said it will withdraw BSI Bank Ltd.’s license for breaches of money laundering rules and impose S$13.3 million ($9.6 million) in financial penalties on the BSI unit for 41 breaches, including its failure to conduct due diligence on high-risk accounts and monitor suspicious customer transactions. …

  • Users of Ingram Micro Inc.'s (IM) Cloud Marketplace can now avail Dropbox services in Singapore.

  • Global probes related to a troubled Malaysian state fund have enmeshed the biggest casualty to date: a 143-year-old Swiss bank. Singapore ordered BSI SA’s unit in the city state to shut down as Swiss authorities began criminal proceedings against the bank. In September 2012, 1Malaysia Development Bhd. sold its shares …

  • As harvesting of the smaller of two annual crops in West Africa picks up, bean deliveries in top grower Ivory Coast continue to lag last season’s pace and the quality is poor. Singapore-based Olam International Ltd. predicts a shortfall of 308,000 tons and Cargill Inc., the world’s second-largest processor, forecasts it …

  • The commercial and residential site at Bukit Batok West Avenue 6 which was released for tender on 30 March received a top bid of S$301.16 million at the close of its tender on Tuesday (24 May), the Urban Redevelopment Authority (URA) revealed. Qingjian Realty posted the top bid which translates to a sale price of S$634.5 …

  • The waters between Singapore and Malaysia used to heave with wooden ships carrying exotic spices. Now the Straits of Malacca are filled with vessels carrying a very different sort of commodity. Oil traders ...

  • By asking BSI Bank to shut its operations in the city-state, the Monetary Authority of Singapore has scored at least two goals, and created one group of winners. First, the MAS has given itself a leg-up over regulators in the U.S., Switzerland, Hong Kong, Luxembourg and Malaysia, which are also investigating a multibillion-dollar …

  •  Artist’s impression of the EastCreek @ Canberra BTO project. (Source: HDB)The Housing and Development Board (HDB) launched 8,940 new flats for sale on Tuesday (24 May) under its May 2016 sales exercise.They comprise 3,770 Build-To-Order (BTO) flats across four projects in the non-mature towns of Bukit Panjang and Sembawang, …

  • Singapore's central bank has ordered the closure of the local branch of Swiss bank BSI, which has been linked to a scandal at Malaysia's troubled state fund 1MDB

    Singapore's central bank on Tuesday said it was kicking out Switzerland's BSI Bank, which has been linked to a global money-laundering scandal that has embroiled neighbouring Malaysia's Prime Minister Najib Razak. In the toughest legal action so far in the crisis rocking Malaysian state fund 1MDB, Switzerland also disclosed …

  • Singapore shuts 1MDB-linked BSI Bank over 'worst misconduct' ever seen

    Singapore's regulators have shut down a private bank implicated in investigations of Malaysia's troubled development fund 1MDB.

  • Overseas holdings of rupee-denominated bonds fell for a sixth day Monday, as more Federal Reserve officials weighed in with comments that supported the case for higher U.S. borrowing costs. The rupee weakened 0.3 percent to 67.6875 a dollar as of 11:48 a.m. in Mumbai, taking its loss since May 11 to 1.7 percent, according …

  • With more retail tenants closing their shops in Singapore, especially on the iconic shopping belt of Orchard Road, it seems that the city-state is unlikely to reclaim its status as a shoppers’ haven anytime soon. Citing data from the government, Bloomberg News  reported that the vacancy rates of prime retail space in Orchard …

  • MAS orders Swiss bank BSI to shut local operations for money laundering

    Apart from revoking BSI’s merchant bank status, the MAS has also referred six members of the bank’s senior management and staff to the Public Prosecutor to evaluate whether they have committed criminal offences. BSI Bank has been operating as a merchant bank in Singapore since November 2005 where it offers private banking …

  • Singapore’s central bank, which is probing possible money laundering related to a troubled Malaysian state fund, ordered BSI Bank Ltd. to shut down its operations in the island nation. The Monetary Authority ...

  • Story developing... More from Bloomberg.com One of the World's Most Expensive Countries Is Debating Giving Away Money Bayer’s $62 Billion Monsanto Bid Raises Alarm on Final Price Fraud in $4 Trillion Trade ...

  • HDB launches 8,940 flats for sale in May

    A total of 7,940 BTO flats have been launched this year. A total of 8,940 flats have been launched for sale by the Housing and Development Board (HDB) in May. The flats on offer are made up of 3,770 build-to-order ...

  • International forces may yet win out: with political risks in Malaysia subsiding, the door is opening for the ringgit to rejoin a global rally in currencies of oil-producing nations. The ringgit’s top forecaster, ING Groep NV, sees a 10 percent jump by Sept. 30 based on prices Tuesday, after the election victory of Prime …

  • LendingClub Corp. shares soared when the troubled online lender revealed that it was the latest pickup in a recent U.S. shopping spree by a Singapore-based investment group.

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