DBS Group's private banking unit has seen its business activity rebound to pre-COVID levels and aims to grow assets under management by 7-8% next year as it seeks a bigger share of the world's-fastest ... ( read original story ...)
Singapore’s electronics sector turns around in August after 6 months of contraction as manufacturing growth slows
Manufacturing grew at a slower pace in August on the back of a weaker jobs market but the electronics sector stole the show by returning to expansionary mode after contracting for six straight months. ( read original story ...)
Singapore factory activity expands slightly for second consecutive month in August
Singapore’s factory activity expanded for the second consecutive month, after five months of contraction amid the COVID-19 pandemic. ( read original story ...)
Singapore Central Bank Boosts Banks’ Access to Singapore and U.S. Dollar Funding
The Monetary Authority of Singapore will take several measures to boost banks’ access to Singapore dollar and U.S. dollar funding, the central bank said Thursday. ( read original story ...)
Sorcha John and Min Ng join leadership ranks at TSLA
John leaves Iris, while Ng steps up from her previous role as head of talent. MD Richard Bleasdale is leaving TSLA after about 16 months. ( read original story ...)
UOB, DBS debut more Sora-pegged loan products
Singapore banks are debuting more loan products pegged to the Singapore Overnight Rate Average (Sora), helping in the transition to Sora as the new benchmark interest rate.. Read more at straitstimes. ( read original story ...)
Singapore sees a 174% surge in pharma exports
The pharmaceutical export has seen a 174% surge in April whilst the output saw an 86% spike, a Fitch Solutions report has revealed. As such, the industry is becoming an increasingly important ... ( read original story ...)
Singapore gathers global energy firms to seek out new innovation for sector
Shell, Chevron, ExxonMobil, and ConocoPhillips have joined hands with Enterprise Singapore in their call for startups to pitch and testbed digital solutions to help resolve challenges in their sector, ... ( read original story ...)
MAS enhancing banking system’s liquidity during COVID-19 pandemic
SINGAPORE: The Monetary Authority of Singapore (MAS) announced new measures on Thursday (Sep 3) to enhance the banking system's access to ... ( read original story ...)
MAS to Enhance Bank Access to Dollar Funding to Improve Liquidity
The Monetary Authority of Singapore said it will introduce measures to enhance banks’ access to Singapore dollar and U.S. dollar funding, aimed at strengthening the financial sector against the ... ( read original story ...)
Singapore online realtor raises $200m from US equity giants
... private equity giants TPG and KKR have invested 300 million Singapore dollars ($200 million) in PropertyGuru Group, the property tech company said in a press statement on Wednesday. The fresh ... ( read original story ...)
Investors Pile Into OCBC’s Biggest Dollar Bond in Six Years
Investors piled into the biggest dollar bond offering from Oversea-Chinese Banking Corp. in six years, in a sign of confidence in the lender’s capital strength amid the pandemic. ( read original story ...)
DBS gets nod to set up JV securities company in China
DBS Group has received the green light from the China Securities Regulatory Commission to establish a joint-venture (JV) securities company known as DBS Securities (China), in which DBS will have a ... ( read original story ...)
DBS parties it up in Fortnite in lieu of clubs being open
Singapore-based bank DBS has created a nightclub at the former location of the Zouk club in the esports game Fortnite. ( read original story ...)
Singapore detects new COVID-19 clusters at migrant worker dormitories
Singapore health authorities have detected new COVID-19 clusters at foreign worker dormitories previously found to be clear of the infection, highlighting the challenge in containing the spread of the ... ( read original story ...)
Singapore central bank enhancing banking system’s liquidity during pandemic
These include the establishment of a new term facility to provide banks and finance companies an additional channel to borrow SGD funds at longer tenors and with more forms of collateral, the Monetary ... ( read original story ...)