Troubles on the asset quality front in the past had led the bank to report losses from the India operations a few years ago. It had then announced a strategy to stay away from high risk loans. ( read original story ...)
DBS Bank profit rises, infuses $150 million in FY20
DBS Bank India Ltd the wholly owned subsidiary of Singapore based DBS Group has reported a net profit of Re 111 crore in the year ended March 2020 up more than seven times ... ( read original story ...)
Soft Start Predicted For Singapore Stock Market
The Singapore stock market has moved lower in consecutive trading days, sinking almost 35 points or 1.3 percent along the way. The ... ( read original story ...)
UOB raises more than S$1.65 million in a month in its latest COVID-19 relief effort
PRNewswire/ -- United Overseas Bank (UOB) colleagues and customers from across the Bank's global network raised more ... ( read original story ...)
OCBC Bank targets to hit $25 billion of sustainable financing by 2025
OCBC has set a new goal of $25 billion for its sustainable finance portfolio by 2025 after surpassing its initial $10 billion target in the first quarter - two years ahead of schedule.. Read more at ... ( read original story ...)
Amazon launches Seller University in Singapore to help local retailers digitize
Launched at Amazon''s first Singapore Seller Summit, the Seller University is the latest initiative announced by Amazon to help local small and medium retailers unlock growth opportunities through ... ( read original story ...)
Seven more UOB branches in shopping malls and retail areas to reopen on Monday
SINGAPORE (THE BUSINESS TIMES) - United Overseas Bank (UOB) will reopen seven additional branches in shopping malls and retail areas on Monday (June 22) after Singapore commenced the second phase of ... ( read original story ...)
In land-scarce Singapore, US$45 million buys a bungalow – but the rare artefacts cost extra
For those flush with cash to last a lifetime, the staggering prices aren’t a deterrence. In the first five months of this year, even amid a virus lockdown and recession, five bungalows were sold. ( read original story ...)
Banker Tracey Woon to join SPH as independent director
Mainboard-listed Singapore Press Holdings (SPH) has named banker Tracey Woon, 63, an independent director in a bourse filing yesterday.. Read more at straitstimes.com. ( read original story ...)
DBS creating eco-friendly urban farm for employees
DBS Bank plans to transform a patch of its outdoor space at one of its buildings into a community farm, and give its employees a chance to try urban farming, it said this week.. Read more at ... ( read original story ...)
Ipos names Rena Lee as new chief executive
SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has named Mrs Rena Lee as its new chief executive.. Read more at straitstimes.com. ( read original story ...)
Two months’ jail for ex-bank loan officer who cheated elderly lorry driver of $3,000
Not knowing howto read or write in English, a lorry driver turned to a DBS loan officer for help with taking a loan from the bank.. Read more at straitstimes.com. ( read original story ...)
Grab-Singtel, Sea among 14 shortlisted for Singapore digital bank licences – sources
Singapore has shortlisted 14 applicants, which sources say include internet firm Sea and a joint venture of ride-hailer Grab and Singtel, for up to five digital bank licences in the city-state's ... ( read original story ...)
China’s security laws send chill through Hong Kong finance sector
and at least one person said he was looking to relocate to London or Singapore to safeguard himself and his work. The concern expressed by finance industry professionals is just another facet of ... ( read original story ...)
QSE set for an IPO from local firm with strong capital in September: CEO
The Qatar Stock Exchange (QSE) is slated to see an initial public offering (IPO) this September, which ought to give a fillip to the primary segment for a sustainable capital market, its top official ... ( read original story ...)
OCBC to reopen all branches over next two weeks during Phase 2 of Singapore’s reopening
SINGAPORE: OCBC Bank will reopen all its branches progressively over the next fortnight during the second phase of Singapore's post-"circuit breaker" reopening, it said on Thursday (Jun 18). Five ... ( read original story ...)