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Category: FINANCE

Posted on 08/04/2025

More than 11,000 DBS and BOC customers’ data potentially extracted after cyber attack on printing ventor

Due to a ransomeware attack on Toppan Next Tech (TNT), contracted by DBS to print customer statements, some 8,200 customers' data have been "potentially compromised", says DBS. In a separate statement ...

Posted on 07/04/2025

Thakral clarifies IPO rumours on associate GemLife; says ‘no certainty’ that any transaction will proceed

SINGAPORE] Thakral Corp clarified rumours that its associate GemLife, a resort-living developer in Australia, is gearing up for an initial public offering (IPO), and said there is “no certainty” that ...

Posted on 07/04/2025

UOB One Account Nerfed, Effective Rate Down to 3.3% From 4%—Which Savings Accounts Will Earn You More?

The UOB One account is getting nerfed—again. The UOB One account will now earn you a maximum effective interest rate (EIR) of 3.30% p.a., down from 4% p.a., which was in turn down from 5% p.a. Here's ...

Posted on 07/04/2025

UOB and OCBC to cut interest rates on flagship savings accounts from May 1

DBS and Maybank are not cutting interest rates for now. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 07/04/2025

JPMorgan fund firm launches 3 active ETFs in Singapore; listing here ‘not off the table’

SINGAPORE] JPMorgan Asset Management (JPMAM) registered three active exchange-traded funds (ETFs) in Singapore on Monday (Apr 7), getting the green light to market them to retail investors. The fund ...

Posted on 07/04/2025

UOB Kay Hian downgrades DBS to ‘sell’, OCBC to ‘hold’ on expected trade slowdown

UOB Kay Hian Research analyst Jonathan Koh thinks the banks’ ability to pay “generous” dividends is “under threat”.

Posted on 07/04/2025

Trump’s Tariff Bombshell: Singapore Banks Caught in the Crossfire

It’s all tied to fears about what those US tariffs might mean for global trade, and Singapore’s banks are right in the crosshairs. The trouble started on April 2, 2025, when Trump unveiled new tariffs ...

Posted on 07/04/2025

DBS lowers STI year end target to 3,855 points

DBS Group Research has lowered its year-end target for the Straits Times Index to 3,855 points from an earlier estimate of 4,080 points. The new target is 0.5 s.d lower than the previous target and is ...

Posted on 07/04/2025

Singapore banks lose over S$37 billion in market value as tariff sell-off continues

SINGAPORE] Shares of Singapore’s three local banks continued to slide on Monday (Apr 7), weighed down by a broader market sell-off triggered by concerns over US tariffs. Read more at The Business ...

Posted on 07/04/2025

Here are the biggest losers among Singapore stocks in Trump tariff sell-off

The STI extended its losing streak on April 7, plunging more than 325 points. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 07/04/2025

EXPLAINED! Why Kenya Shujaa might still be relegated despite second-place finish in Singapore

Kenya Shujaa will have to fight to retain their core status in the HSBC SVNS after finishing ninth in the regular season, despite reaching the Singapore final.

Posted on 07/04/2025

Singapore may bring forward monetary easing amid growth scare from Trump’s tariffs

MAS may further ease the pace of trade-weighted appreciation of the Singdollar on April 14, said analysts. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 07/04/2025

New Zealand Women Dominate Australia To Retain Singapore Sevens Title

New Zealand’s women’s rugby sevens team once again confirmed their dominance on the international stage on Sunday, April 6, 2025. The Black Ferns overpowered Australia, their tenacious rival, with a ...

Posted on 07/04/2025

S’pore growth under pressure, DBS worst STI performer after Trump triggers market rout

Maybank has lowered its growth forecast for Singapore and warned that more tariffs are coming. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 07/04/2025

Rugby Sevens: Fiji claims second title at Singapore 7s

The title win meant the Fijians finished second in the overall standing at the end of the six event World Sevens Series.

Posted on 07/04/2025

Blitzboks finish in style to end ninth at Singapore Sevens

The Springbok Sevens team finished ninth at the HSBC SVNS Singapore after two victories on Sunday, first by two points against the USA before finishing the tournament in style against Australia. For ...

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