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Category: FINANCE

Posted on 19/03/2025

Singapore stocks close higher midweek ahead of Fed rate decision; STI up 0.3%

Stocks on the Singapore bourse ended higher on Wednesday (Mar 19), following a mixed performance in other Asian markets, as investors awaited the US Federal Reserve’s interest rate decision later ...

Posted on 19/03/2025

Malaysian Retailer Looks to Line Up Investors Ahead of IPO, Sources Say

Eco-Shop is looking to line up investment commitments from international and domestic asset managers ahead of a planned IPO that could value the company at close to $1 billion, people familiar with ...

Posted on 19/03/2025

Singapore’s GDP expected to grow by 3.8% y-o-y in 1Q2025; geopolitical tensions cited as top risk to economy

Based on the mean probability distribution, the Singapore economy is most likely to grow by 2.5% to 2.9% this year, similar to the previous findings from the December 2024 survey, although the average ...

Posted on 19/03/2025

Economists see Singapore’s 2025 growth at 2.6%, central bank survey shows

Economists expect Singapore to grow 2.6% this year, near the midpoint of the government's forecast range, a survey by the central bank published on Wednesday showed, with geopolitical and trade ...

Posted on 19/03/2025

Economists keep Singapore’s 2025 economic growth forecast steady at 2.6%: MAS survey

Geopolitical tensions, including from higher tariffs, are seen as the biggest downside risk. Read more at straitstimes.com.

Posted on 19/03/2025

Singapore Dollar Weakens Slightly Ahead of FOMC Decision

The Singapore dollar weakened slightly against its U.S. counterpart in the Asian session on possible position adjustments ahead of the FOMC’s monetary-policy decision due later.

Posted on 19/03/2025

Citi Private Bank launches new philanthropy advisory solutions in Singapore

SINGAPORE] The private banking arm of Citi has launched new philanthropy advisory solutions in Asia, beginning with Singapore, amid rising client demand for such services. Read more at The Business ...

Posted on 19/03/2025

UP Fintech: Eyes On Results Beat And Singapore Market Potential

UP Fintech is a leader in the key Singapore market where households have the potential to increase equity allocation. Learn more on TIGR stock here.

Posted on 19/03/2025

Singapore’s money market rates are sliding despite policy pivot

Singapore's money market rates have dropped as traders shrug off the central bank's first monetary policy shift in five years.

Posted on 18/03/2025

Singapore Stock Market Expected To Open To The Upside

(RTTNews) - The Singapore stock market on Friday ended the two-day winning streak in which it had added almost a dozen points or 0.3 percent. The Straits Time Index now sits just above the 3,835 ...

Posted on 18/03/2025

Standard Chartered enhances MyWay savings account with scam protection and higher interest rates

SINGAPORE: Standard Chartered Bank unveiled a major revamp of its MyWay savings account on Monday (March 17) to enhance security and offer greater financial rew ...

Posted on 18/03/2025

OCBC’s sustainable finance portfolio most aligned with Singapore’s taxonomy among local banks: MAS

SINGAPORE] OCBC’s sustainable financing portfolio is the most aligned with Singapore’s sustainable finance taxonomy among the three local banks, according to a Tuesday (Mar 18) report by the Monetary ...

Posted on 18/03/2025

Singapore’s RRJ Leads $600 Million Investment Into Swiss Tycoon’s Private Jet Company

The fresh capital from RRJ, New York-based Andalusian Private Capital and other investors will optimize Vista’s capital structure, enhance free cash flow generation, and reduce indebtedness, ...

Posted on 18/03/2025

First bank in Singapore to offer complimentary Digital Scam Protection Insurance, MyWay Savings Account increases interest rate to 3%

Standard Chartered Bank (“the Bank”) introduces its all-new MyWay Savings Account (“MyWay”), tailored for clients aged 55 and above, today. With an interest rate of up to 3% and no lock-in period, it ...

Posted on 18/03/2025

New MAS document outlines adoption of Singapore-Asia Taxonomy among banks and corporates, hopes to encourage wider use

It outlines how various firms have referenced the Singapore-Asia Taxonomy since its launch in December 2023. Minister in the Prime Minister’s Office Indranee Rajah says it has “gained good traction”.

Posted on 18/03/2025

UOB Kay Hian keeps Sheng Siong at ‘buy’ but trims target price to $1.92 on higher staff costs

Sheng Siong Group's FY2024 earnings missed the expectations of UOB Kay Hian but the company is seen to expand further at the expense of competitors. It has maintained a stable payout ratio and strong ...

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