Sitharaman’s remarks came during her intervention at the plenary lunch ‘How Should the World Bank Shape Its Future Strategic Direction and Help Clients Create More Jobs to Keep Pace with Evolving Megatrends’.
Category: Finance
Singapore residents take No. 1 spot in Asia and No. 4 in the world in financial asset ownership
The per capita difference between Denmark and Singapore is of a mere EUR 270, which brings Singapore within touching distance of the global Top 3 of financial asset (cash, stocks, bank deposits) ownership.
India’s forex reserves surge by USD 12.58 billion, cross USD 700 billion mark
The USD 12.588 billion would be one of the highest weekly rises ever and this is the first time the reserves have crossed the USD 700 billion mark.
Tata Power earmarks $9 billion investment to expand renewable energy capacity
Currently, Tata Power has a renewable energy capacity of 5 GW in large-scale projects.
Singapore: OCBC to allow 7-year-olds to operate bank accounts, own debit cards
A “kill switch” can also be activated to freeze their account. Using the OCBC Digital app, they can lock and unlock their debit card to prevent digital banking, debit card and ATM access if they suspect their account has been compromised.
Hurun India Rich List 2024: Mumbai trounces Beijing to become Asia’s billionaire capital
Mumbai is followed by New Delhi, the national capital of India, and Hyderabad, capital of the southern Indian state of Telangana.
Some private US banks may link with India’s real-time digital payment network UPI, says Federal Reserve Board official
He suggested that linking with UPI could offer a possible solution to these issues.
128K Singapore borrowers’ data at risk, as hackers breach third-party system; phishing alert issued
Borrowers are being contacted by their licensed moneylenders and being asked to “stay vigilant against possible phishing scams” following the data breach.
Microsoft and CrowdStrike stocks bearish on Wall Street after Blue Screen error affects global institutions
The Wall Street movement on Friday coincided with a significant global outage that caused delays for flights, banks, and even doctor’s appointments.
MAS commits SGD100m more to support AI and quantum tech in Singapore financial sector
The Financial Sector Technology and Innovation Grant Scheme was introduced by MAS in June 2015; it was designed to support the creation of a vibrant ecosystem for innovation in the Singapore financial sector.
