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Category: FINANCE

Posted on 25/02/2025

OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts

AMONG the trio of local banks, OCBC and UOB are expected to stand to gain the most from the Johor-Singapore Special Economic Zone (JS-SEZ) as facilitators of investment and trade, given their sizeable ...

Posted on 25/02/2025

DBS, Southeast Asia’s largest bank, is cutting 4,000 temp roles due to AI: ‘For the first time, I’m struggling to create jobs’

DBS is Southeast Asia’s largest bank by revenue, and ranks No. 10 on Fortune’s Southeast Asia 500. It’s the first of Singapore’s Big Three banks to suggest how AI will aff ...

Posted on 25/02/2025

Poster girl Hannah Green looks forward to title defence at HSBC Women’s World Championship

Green is aiming to become just the second golfer to retain her title at the HSBC Women's World Championship. Read more at straitstimes.com.

Posted on 25/02/2025

Singapore introduces guidelines to minimise disruptions to cloud services and data centres

The guidelines for data centres will provide a framework for operators to instill systems to ensure business continuity and minimise service disruptions.

Posted on 25/02/2025

Singapore banks complete interest rate benchmark transition to SORA

The SORA market has since grown to more than $3 trillion in outstanding derivatives, bonds, and loans, comparable to the size of the SOR and SIBOR market before the start of the transition exercise.

Posted on 25/02/2025

The 2025 HSBC Women’s World Championship promises world-class golf and endless fun

The HSBC Women’s World Championship in Singapore is one of the most anticipated tournaments on the calendar – here's what to expect for 2025.

Posted on 25/02/2025

DBS Bank To Cut 10 Per Cent Jobs Over Next 3 Years As AI Role Rises

DBS Group, which completed three decades of its operations in India, reported an income of 22.3 billion Singapore dollars in 2024 and a net profit of 11.4 billion Singapore dollars.

Posted on 25/02/2025

How Gen Zs and millennials can build their retirement nest eggs

Financial advisers suggest asset classes such as equities, ETFs and unit trusts. Read more at straitstimes.com.

Posted on 25/02/2025

DBS expects to shrink contract and temp jobs by 4,000 over next 3 years as AI replaces roles

Reductions will come from natural attrition, DBS said, and permanent staff will not be affected. Read more at straitstimes.com.

Posted on 25/02/2025

2025 HSBC Women’s World Championship: Power Rankings, Defending Champion, Prize Money, and Major Details

HSBC Women's World Championship is just around the corner, and it's shaping up to be an absolute thriller and well tickets are selling out! The post 2025 HSBC Women's World Championship: Power ...

Posted on 25/02/2025

DBS to reduce workforce by 4,000 in 3 years because of AI adoption: CEO

DBS Group expects a 10% reduction in its workforce in the next three years as artificial intelligence adoption goes deeper into the operations, its chief executive Piyush Gupta said on Monday. Gupta ...

Posted on 25/02/2025

This LPGA rookie shot rounds of 61, 62 in Thailand but failed to earn a spot in HSBC field

Japan's Akie Iwai finished second at the Honda LPGA Thailand but didn't earn any CME points nor did she make the HSBC field this week.

Posted on 25/02/2025

DBS to cut 4,000 contract and temporary staff over three years as AI adoption grows

DBS Group Holdings plans to reduce its contract and temporary workforce by around 4,000 over the next three years due to increased adoption of artificial intelligence (AI), CEO Piyush Gupta confirmed.

Posted on 24/02/2025

Daily Cuts – A 5 billion dollar shot in the arm of the Singapore equities market

Singapore Today's Daniel Martin and Susan Ng speak with Neil Parekh, a member of the Equities Market Review Group set up by MAS, and Shane Chesson, Founding Partner at Openspace Ventures, on a 5 ...

Posted on 24/02/2025

Singapore’s S$5 Billion Stock Plan to Drive Flows, Analysts Say

Singapore’s plan to lift local equities by investing S$5 billion ($3.7 billion) with fund managers is seen as a good start, while regulatory shifts will allow a wider range of companies to seek ...

Posted on 24/02/2025

Singapore Inflation Slows, Core Measure Hits Lowest Level Since Mid-2021 — Update

The Monetary Authority of Singapore in January loosened its policy settings for the first time since early 2020. A continued slowing in core inflation may back the case for the central bank to further ...

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