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Category: FINANCE

Posted on 16/08/2024

Analysts mostly keep estimates on UOB after 2QFY2024 core net profit stood within expectations

CGS International analysts Andrea Choong and Lim Siew Khee have kept their “add” call with an unchanged target price of $36.50 as UOB’s 1HFY2024 net profit formed 49% of their full-year forecasts. The ...

Posted on 15/08/2024

Singaporean victims lose 36 million USD in online investment scams

Singapore's police have reported that victims lost at least 36 million USD in less than two months to conmen touting investment scams on chat groups and social media platforms.

Posted on 15/08/2024

Not alone, but we are Singapore

Complainers should do something to revive the SGX, like taking capital back from US stocks and invest locally, says this writer.

Posted on 15/08/2024

Max Maeder calls on more corporate bodies to back Singapore athletes

Newly minted Olympic bronze medallist Maximilian Maeder has called on more corporate bodies to come forward to support and sponsor athletes to lift the standard of sport in Singapore. The 17-year-old ...

Posted on 15/08/2024

UOB Kay Hian H1 profit up 64.3% to S$113.9 million

UOB Kay Hian reported on Thursday (Aug 15) a net profit of S$113.9 million for the six months ended Jun 30, up 64.3 per cent from S$69.3 million in the previous corresponding period. Read more at The ...

Posted on 15/08/2024

HSBC to tackle quantum cyber threats in new consortium

Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions ...

Posted on 15/08/2024

Singapore charges two ex-bankers for helping $2.2 billion money laundering ring

A Singapore court on Thursday charged two former bankers for helping a group of foreigners who were convicted of laundering $2.2 billion last year in the biggest such financial crime in the Asian ...

Posted on 15/08/2024

DBS’ Piyush Gupta, Temasek’s Dilhan Pillay part of 21-member Future Economy Advisory Panel

SINGAPORE - DBS chief executive officer Piyush Gupta and Temasek CEO and executive director Dilhan Pillay are among 21 members of the new Future Economy Advisory Panel (Feap), which had its first ...

Posted on 15/08/2024

Temasek’s billions at stake: Investment in US tech giants sees mixed fortunes amid market volatility

Temasek Holdings invested billions in US tech giants like Microsoft, Apple, and Nvidia, increasing its holdings by US$3.3 billion. Despite a subsequent dip in tech stocks, some have started to recover ...

Posted on 15/08/2024

Tencent-backed Airwallex hits $500 million annualized sales, aims to get IPO-ready by 2026

Payments startup Airwallex has reached an annual revenue run rate of $500 million and will be ready for an IPO by 2026, CEO Jack Zhang told CNBC.

Posted on 15/08/2024

Singapore charges 2 ex-bankers for helping $2.2 billion money laundering ring

A Singapore court on Thursday charged two former bankers for helping a group of foreigners who were convicted of laundering $2.2 billion last year in the biggest such financial crime in the Asian ...

Posted on 15/08/2024

Two former bankers from China charged in Singapore’s biggest money laundering case after SG$3b in assets seized

Two former bank employees, both Chinese nationals, were charged in Singapore on Thursday in connection with the city-state’s biggest money laundering ...

Posted on 15/08/2024

UOB seeks to double wealth AUM, trade loans by 2026

United Overseas Bank (UOB) is looking to expand its wealth and cards businesses, and is looking to become a “top cross-border trade bank” by 2026.

Posted on 15/08/2024

DBS’ next CEO Tan Su Shan: ‘What’ll define me as CEO? In a word, impact’

DBS CEO-designate Tan Su Shan tells ST how she is preparing for her upcoming role and what will define her stint. Read more at straitstimes.com.

Posted on 15/08/2024

DBS’ Piyush Gupta, Temasek’s Dilhan Pillay, DPMs part of 21-member Future Economy Advisory Panel

DBS chief executive officer Piyush Gupta and Temasek CEO and executive director Dilhan Pillay are among 21 members of the new Future Economy Advisory Panel (Feap), which had its first meeting on ...

Posted on 15/08/2024

Tencent-backed Airwallex nears $500 million annualized sales, aims to get IPO-ready by 2026

Payments startup Airwallex is nearing an annual revenue run rate of $500 million and will be ready for an IPO by 2026, CEO Jack Zhang told CNBC.

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