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Category: FINANCE

Posted on 26/03/2025

OCBC cuts 2023 financed emissions in most ‘dirty’ sectors except steel and aviation

SINGAPORE] OCBC’s financed emissions for four carbon-intensive sectors – power, oil and gas, real estate and shipping – declined in 2023, compared with the previous year. Read more at The Business ...

Posted on 26/03/2025

Best, but not necessarily the biggest: Piyush Gupta on DBS’ transformation

SINGAPORE] When DBS in 2015 set its sights on being recognised as the world’s best bank, there was scepticism within the management ranks. In terms of the size of assets, DBS was not within spitting ...

Posted on 26/03/2025

Singapore stocks rise on Wednesday; STI up 0.2%

SINGAPORE] Stocks on the Singapore bourse ended higher on Wednesday (Mar 26), tracking gains in the region and overnight on Wall Street. Read more at The Business Times.

Posted on 26/03/2025

Issue #18: What’s Happening This Week? Cold Storage and Giant’s $125 Million Sale, OCBC 360 Account Nerf, and More

Cold Storage and Giant are being sold for $125 million—but don’t worry, your cashback perks are safe, and you might even score cheaper groceries. OCBC 360 Account holders, brace yourselves—OCBC’s ...

Posted on 26/03/2025

DBS’s incoming CEO Tan Su Shan should focus on tech stability, growing Asean footprint: Morningstar

Morningstar’s senior equity analyst Michael Makdad says it is “difficult to find fault” with Gupta’s leadership, though one area that faced “occasional challenges” was a series of digital disruptions.

Posted on 26/03/2025

Singapore Stocks May Experience Pressure Amid Cautious Market Sentiment

The Singapore stock market is poised for a potentially muted session as it navigates through a climate of caution. Following two consecutive days of gains, the Straits Times Index (STI) has added ...

Posted on 26/03/2025

Groww IPO: Massive fundraise update ahead of public listing plans? Latest news here!

Groww’s last fundraise in 2021 had valued the platform at around $3 billion. Post latest funding round, Groww is expected to file its IPO papers in the next few months.

Posted on 26/03/2025

Singapore executives see rising financial crime risk, lack confidence in compliance

Cybersecurity, AI, regulation, geopolitics and sanctions as the key factors driving financial crime threats in 2025, according to Kroll’s survey.

Posted on 26/03/2025

Argentina football team’s Singapore exhibition match confirmed for early 2026 — will Messi finally play?

Singapore will host Lionel Messi and the Argentina national football team in early 2026 for an exhibition match, as part of a newly announced ...

Posted on 26/03/2025

DBS Leading Race to Buy Controlling Stake in Indonesia’s Panin Bank, Sources Say

SINGAPORE/HONG KONG (Reuters) - DBS Group, Southeast Asia's top bank by assets, is the frontrunner to buy a controlling stake in Indonesia's Panin Bank, three people with knowledge of the matter said.

Posted on 26/03/2025

Trust Bank launches money lock anti-scam feature

Trust Bank’s Trust Lock allows customers to lock up funds in a sub-account -Savings Pot - within the bank app. They can create and lock up to five Savings Pots, which continue to earn interest and ...

Posted on 26/03/2025

OCBC Group CEO Helen Wong’s Pay Rises to S$12.8M as Bank Posts Record Profit

OCBC Group CEO Helen Wong saw her pay increase by 5.8 percent to S$12.8 million for the financial year ended December 2024.

Posted on 26/03/2025

Groww in talks to rack up pre-IPO funding at $6.5 billion valuation

Singapore’s sovereign wealth fund GIC, existing investor Tiger Global tapped, according to sources in the know. Groww, which started as a direct mutual funds distributor, is currently the largest ...

Posted on 26/03/2025

‘Keep pivoting’: Piyush Gupta hands over Singapore’s biggest bank after 16 years

In his 16 years in charge of Singapore’s biggest bank, DBS chief executive Piyush Gupta has had to steer through technological disruption, the aftermath of the global financial crisis and the overhaul ...

Posted on 26/03/2025

Singapore companies risk exposure amid poor AI readiness, warns industry report

SINGAPORE: Singapore’s business landscape faces mounting risks as many companies remain unprepared for the integration of artificial intelligence (AI) into th ...

Posted on 26/03/2025

Singaporean daughter of Malaysian banking tycoon buys Tanglin Hill GCB for record S$93.9 million

Diona Teh Li Shian, daughter of Public Bank founder Teh Hong Piow, has acquired a Good Class Bungalow in Tanglin Hill for S$93.9 million, setting a new per-square-foot price record in Singapore’s ...

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