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New rules under Singapore's bankruptcy framework will come into force from August, said the Ministry of Law on Wednesday.

Singapore's new bankruptcy rules to be implemented from August

The minimum debt amount that needs to be owed before a person may be made bankrupt will be increased to S$15,000 from S$10,000.

Cloud services used by financial institutions must protect customer data: MAS

"While outsourcing can bring about cost and other benefits, it may increase the risk profile of an institution," the central bank said.

Going postal with missed delivery? SingPost may soothe angst with locker rental service

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Singapore Post (SingPost) on Wednesday introduced the country's first open parcel locker service. This will allow retailers and consumers to rent a locker to deliver and receive parcels, addressing the common hassle of missing the deliveryman, or in arranging meet-ups for Carousell transactions.

DBS Private Bank hires ex-UBS banker to head S-E Asia unit

DBS said on Wednesday it has appointed former UBS banker Joseph Poon as the regional head of South-east Asia for its private bank division. He joins on Aug 16, 2016.

Forex average daily turnover in Singapore hits record high in April with US$506b

Some US$506 billion were traded in April, a 26 per cent increase from October 2015.

Corporate Earnings

The STI Today

Singapore shares close 0.3 per cent up

A report that the Japanese government is preparing a stimulus package worth more than 28 trillion yen (S$360 billion) gave a midweek pick-up to flagging stock markets.

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