Culture
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
[SINGAPORE] Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches, said the Monetary Authority of Singapore (MAS). The penalties...
Deutsche Bank, SeaTown join VinFast’s US$510 million private debt: sources
Published Fri, Jul 4, 2025 · 05:14 PM[SINGAPORE] Deutsche Bank and SeaTown Holdings International are among the lenders providing a US$510 million private credit loan to VinFast Auto, according...
Citigroup’s rich clients divert from US to UK despite higher taxes
[LONDON] Some of Citigroup’s wealthy clients are souring on the US and instead looking at the UK, even as Britain hikes taxes on its rich residents, according to one...
Thai telco core profits expected to jump 38% in 2025, outpacing market: Maybank
[SINGAPORE] The core earnings of Thailand’s telecommunications sector are expected to rise 38 per cent in 2025, outpacing the Stock Exchange of Thailand’s forecast growth of 6 per cent,...
Pelita Air to operate from T4 when it lands in Singapore, likely using Jetstar premises
[SINGAPORE] Indonesia’s Pelita Air Service is said to be taking over the check-in premises of Jetstar Asia at Changi Airport terminal 4 after the budget carrier exits, The Business...
Gold heads for weekly gain as US tax-cut bill stokes fiscal worries
GOLD rose on Friday, poised for a weekly gain as investors sought safe-haven assets after the passage of US President Donald Trump’s tax-cut and spending bill in Congress raised...
Sumitomo Mitsui Trust said to shut Hong Kong branch by June 2026
Published Fri, Jul 4, 2025 · 01:08 PMSUMITOMO Mitsui Trust Bank plans to close the lender’s Hong Kong branch by June 2026 and move most of its client operations...
Time to raise bets on Malaysia semiconductor stocks on expected ‘market-friendly’ trade deal: UOBKH
[SINGAPORE] Malaysian stocks could score near-term wins as the US’ “softening stance” on tariffs is expected to bring about market-friendly trade deals between the two countries, said UOB Kay...
Asia: Markets mixed as Trump warns tariff letters to be sent soon
[HONG KONG] Asian investors trod cautiously on Friday as Donald Trump’s deadline to avert his steep tariffs approached, with the US president saying he planned to start sending letters...
As US stocks hit records, experts see the dollar falling further
[NEW YORK] While the US stock market has fully recovered from a spring rout, the relentless drop in the dollar is prompting currency experts to warn of greater financial...
