Chor Khieng Yuit

Singapore

Senior Correspondent at The Straits Times

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Articles

ST Explains: 6 things to know about private market investment funds for Singapore retail investors

1 week ago | straitstimes.com | Chor Khieng Yuit

SINGAPORE - The sharp sell-off in global markets in early April – when the US S&P 500 dropped as much as 12 per cent and the Straits Times Index fell 14 per cent in just one week – was a stark reminder to investors just how fluid public markets can be. The conventional advice is to ride out the market gyrations, but how many investors can stay grounded and avoid panicking?
Shopee parent Sea opens new financial services HQ in S’pore, rebrands SeaMoney to Monee

1 week ago | straitstimes.com | Chor Khieng Yuit

SINGAPORE – Gaming and e-commerce firm Sea Group opened its global headquarters for its digital financial services business here on May 8. The firm will use the hub as a base to build a fintech ecosystem in the region. The company also announced that the business, now called SeaMoney, has been re-branded as Monee. Monee is leasing 10 floors across 200,000 square feet for the headquarters at Rochester Commons, a 17-storey building in One North near near Buona Vista.
Citi Singapore’s chief eyes piece of projected $131 trillion pie in new wealth

3 weeks ago | straitstimes.com | Chor Khieng Yuit

Ms Yeo Wenxian, 47, Citi’s head of wealth for Asia South, and CEO of Citibank Singapore, at Citi Wealth Hub on April 15. ST PHOTO: LIM YAOHUISINGAPORE - Citi Wealth anticipates that US$100 trillion (S$131 trillion) of wealth will be created over the next 10 years, with the fastest growth in wealth creation coming from Asia.
Why all of us can do our part to manage healthcare costs in Singapore

4 weeks ago | straitstimes.com | Chor Khieng Yuit

SINGAPORE – Much had been said about the role of insurers, doctors and hospitals in managing healthcare costs but individuals have a crucial part to play as well. Mr Eddy Cheong, chief executive of insurance advisory firm Havend, observes that with the generous coverage of Integrated Shield (IP) plans, a rise in bigger claims can sway the claims rates, even though most claims could be smaller in proportion. Join ST's Telegram channel and get the latest breaking news delivered to you.
Observers say digital platforms remain relevant amid concerns over their sustainability

1 month ago | straitstimes.com | Chor Khieng Yuit

UPDATED Apr 18, 2025, 07:39 PM
GXS Bank acquires leading digital lending platform for S’pore SMEs Validus Capital

1 month ago | straitstimes.com | Chor Khieng Yuit

SINGAPORE – GXS Bank, which is backed by Grab Holdings and telco Singtel, said on April 14 that it has received approval from the Monetary Authority of Singapore (MAS) to acquire Validus Capital, the Singapore business of Validus Group. Validus Capital, which is one of the largest digital lending platforms for small- and medium-sized enterprises (SMEs) in Singapore, will become a wholly owned subsidiary of GXS from April 15. This is the first such acquisition by a digital bank in Singapore.
Safe alternatives for your savings as interest rates come down

1 month ago | straitstimes.com | Chor Khieng Yuit

UPDATED Apr 13, 2025, 05:00 AM
Safe alternatives for your savings as interest rates come down

1 month ago | flipboard.com | Chor Khieng Yuit

NowThis young entrepreneur left a stable banking career to build a business selling curtainsKen Lim, 30, may be the boss of a curtain shop – but he admits that home interiors and decor weren’t always his passion. Like many others, Lim often …14 hours agoAs Singapore sees a surge of mainland Chinese eateries, is local food culture OK?
UOB, OCBC cutting interest rates on flagship savings accounts from May 1

1 month ago | straitstimes.com | Chor Khieng Yuit

SINGAPORE – Interest rates on more savings accounts are coming down in Singapore, with two of the three local banks – UOB and OCBC – reducing rates on their flagship accounts, the UOB One and the OCBC 360, from May 1. The Straits Times understands that DBS will be keeping the rates on its flagship Multiplier account for now. A flagship savings account is a bank’s best savings product, which offers bonus interest rates that go up as customers transact more with the bank.
49 exchange-traded funds on SGX following two such recent listings

1 month ago | straitstimes.com | Chor Khieng Yuit

SINGAPORE – Retail investors will have more options following the listing of two exchange-traded funds (ETFs) in recent weeks to add to the 47 already on the Singapore Exchange (SGX). The ETF that listed on April 2 allows investors to ride on the growth in emerging and developed markets in South-east Asia, as well as Taiwan, South Korea and India, but excluding Japan and China. Investors keen to ride on China’s recovery and earn dividends at the same time can try the ETF listed on March 28.