Still, new CEO Tan Teck Long promised to hire 600 new relationship managers, as wealth management becomes a growing business for the Singaporean bank.
UOB, quantum technologies centre partner to explore quantum computing for derivatives valuation
Large-scale simulation methods are being used currently but they can be time and resource-intensive Read more at The Business Times.
Singapore’s defence depends on collective resolve of all Singaporeans, says Chan Chun Sing in SAF Day message
Behind every ordinary day in Singapore is the extraordinary dedication of servicemen and women from the Singapore Armed Forces (SAF), who work quietly and tirelessly to protect the city state's ...
Standard Chartered loses bid to strike out US$2.7b 1MDB-linked claim in Singapore
SINGAPORE, July 1 — Singapore’s High Court has upheld a lower court’s decision refusing to strike ...
OCBC rolls out AI avatars, to hire 600 more relationship managers amid wealth push
Meet AI-powered digital avatars "Wendy" and "Wayne" in OCBC's AI-native mobile banking app. Read more at straitstimes.com. Read more at straitstimes.com.
‘Stressed’: Singapore businesses rattled by higher electricity and gas prices
Electricity and town gas tariffs have risen to record levels in the current quarter starting July 1. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore’s BDx says open to an IPO as AI boom fuels Asia expansion
By Yantoultra Ngui SINGAPORE, July 1 (Reuters) - Singapore's BDx Data Centers said an initial public offering is among its options as it seeks capital to expand across Asia and make the most of ...
OCBC aims to transform customer journeys with Avatar Banking
The next stage of OCBC's Next Frontier strategy is the launch of Avatar Banking to transform customer journeys, grow RMs, customer base and the bank's revenue ...
Singapore seizes US$42.4 million bungalow linked to Nvidia chip fraud
Police have issued a prohibition of disposal order against the mansion and seized about US$770,000 from bank accounts as part of the probe.
PM Wong to become first Singapore PM to visit Timor-Leste
Prime Minister Lawrence Wong will make a two-day official visit to Timor-Leste from July 2 to 3 — the first by a Singapore head of government to the Southeast Asian country.The trip also marks PM Wong ...
Vocalbeats.AI Joins SGTech’s Singapore Enterprise Chapter
Vocalbeats.AI, a Singapore-based AI-powered audio company, today announced it has joined SGTech, Singapore's leading trade association for the technology industry. Vocalbeats.AI will participate as a ...
UOB tests quantum computing for derivatives valuation
UOB and Singapore's Centre for Quantum Technologies will assess whether quantum methods can speed the large-scale simulations used to value complex financial contracts.
UOB-CQT pact explores quantum tools for derivative valuation
The initial phase will focus on path-dependent instruments. UOB and the Centre for Quantum Technologies (CQT) have partnered to explore how quantum computing techniques can be applied to the valuation ...
Singapore’s OCBC to hire 600 relationship managers, launches AI avatar app in wealth push
By Yantoultra Ngui and Rae Wee SINGAPORE, July 1 (Reuters) - Singapore's second-largest bank, Oversea-Chinese Banking Corp, plans to hire 600 additional relationship managers over the next three years ...
Singapore’s US-dollar millionaires rise to 244,000 as global personal wealth hits record high: UBS
Singapore's average wealth per adult reached US$527,217 in 2025, as global personal wealth grew rapidly, according to the latest UBS Global Wealth Report. Read more at straitstimes.com. Read more at ...
Singapore households to face record-high electricity, gas tariffs from Jul to Sep
Singapore households will pay more for electricity and gas from July to September this year. The electricity tariff will go up by 17%, or 4.64 cents, to 31.91 cents per kilowatt-hour. It's the highest ...