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Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Toto (est. in 1968 and stylised as TOTO) is a legalised form of lottery sold in Singapore, known by different names elsewhere. It is held by Singapore Pools, the only legal lottery operator in Singapore. As of April 2015, it was the second most popular type of gambling activity after 4-Digits. [2]
On 30 November, the Singapore State Arms and Flag and National Anthem Ordinance 1959 [9] was passed to regulate the use and display of these national emblems. "Majulah Singapura" was formally introduced to the nation on 3 December when Yusof bin Ishak was inaugurated as the Yang di-Pertuan Negara, Singapore's head of state.
Singapore continued to use the common currency upon joining Malaysia in 1963 and after Singapore's independence from Malaysia in 1965, [4] but the formal monetary union between Malaysia, Singapore and Brunei stopped in 1967, and Singapore established the Board of Commissioners of Currency, Singapore (BCCS), on 7 April 1967 [5] and issued its ...
Singapore Press Holdings Limited (SPH) was an organisation with businesses in property and aged care in Singapore. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments. Prior to 1 December 2021, SPH was in the media business with a reach in the print, digital, radio, and outdoor media.
Funding Societies is a Southeast Asian digital financing platform for small and medium-sized enterprises (SMEs), headquartered in Singapore.It was the first such platform in Singapore to engage an escrow agency to independently and safely manage investors’ funds. [3]
Also in 1955, Bank Negara Indonesia officially opened its first foreign branch in Singapore. [ 9 ] In 1965, it became a single-tier bank (even Bank Indonesia was absorbed); BNI was the bank that granted the first foreign bank licenses during the transition to the New Order , shortly before the reestablishment of Bank Indonesia that same year.
Prior to the establishment of Singapore Zoo, there were other short-lived zoos in Singapore's history, including the first recorded zoo founded in the early 1870s at the present-day Singapore Botanic Gardens, [7] a zoo opened in the 1920s in Ponggol (present-day Punggol) by animal trader William Lawrence Soma Basapa and two zoos run by two brothers by the surname of Chan during the 1960s.