Unable to repay a loan that he had taken, Ng Zheng Quan agreed to give the moneylender his Singpass login details, in exchange for having S$1,000 written off from his loan.
New savings account for newborns under Baby Bonus scheme from July 1
The savings account is in addition to the existing Child Development Account (CDA), which is used for education and healthcare expenses. Read more at straitstimes.com.
Singapore, Asia markets react to BOJ rate hike; STI rises 0.4%
The local banks rose: DBS was up 0.1 per cent to $36.59; OCBC climbed 0.3 per cent to $14.85; and UOB, which releases second-quarter results on Aug 1, added 0.3 per cent to $32.35. THE BUSINESS TIMES ...
Singapore startup Beep raises US$3.3 million in pre-series A investment round
BEEP, a Singapore-based Internet of Things startup, on Wednesday (Jul 31) announced the close of its US$3.3 million pre-series A investment round. Read more at The Business Times.
GXS Bank Eyes March 2027 Profitability, Targets US$3B Deposits and US$2B Loans
GXS Bank, a digital bank backed by Grab Holdings and Singtel, aims to achieve profitability by March 2027, according to Muthukrishnan Ramaswami, GXS’ Group CEO. Grab holds a 60% stake in GXS, while ...
Singapore stocks kick off on Wednesday—STI rose by 0.3%
In the broader market, 53 stocks were up while 37 were down, with 21.9 million securities valued at S$37.3 million traded ...
Digital bank GXS, set up by Grab and Singtel, targets profit by 2027
GXS Bank, a digital bank backed by Grab Holdings and Singapore Telecommunications, plans to swing to a profit by March 2027 in part by doubling its loan book every six months. The two-year-old ...
Charles Wong Departs as GXS Bank CEO After Four-Year Tenure
Charles Wong, who has served as CEO of GXS Bank for four years, will step down from the role, transitioning to an advisory position.
Fees lift Singapore banks’ Q2 profits
But their Q2 profits are likely to be lower compared to Q1, analysts said. Singaporean banks’ profits are expected to continue being lifted by their fee incomes, but with Q2 profits lower than the ...
Singapore central bank names Chee Hong Tat as new deputy chairman
The Monetary Authority of Singapore (MAS) has appointed Chee Hong Tat as deputy chairman to succeed Gan Kim Yong, the city state’s deputy prime minister who is also now chairman of the central bank.
Dividends from Singapore blue chips to rise 17.8% in current reporting season: Research house
SINGAPORE - Dividends from companies on the Straits Times Index are expected to climb 17.8 per cent for the 2024 interim reporting season, according to a report put out by S&P Global Market ...
Standard Chartered announces $1.5bn share buyback after strong Q2 performance
The bank's profit has climbed ahead of expectations in the second quarter of the year, leading it to announce its largest ever share buyback programme ...
Dividends continue to steal the spotlight in Singapore banks, says DBS
Earnings for all three Singapore banks, DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank U11 -0.71% (UOB) are likely to stand at risk in the event that the US ...
Standard Chartered announces largest ever share buyback as profits creep up again
Standard Chartered has announced a $1.5bn share buyback programme today after the Asia-focused bank performed ahead of expectations in the second quarter of the year.
StanChart expands multi-billion-dollar share buyback as profit beats estimate
The London-headquartered bank will repurchase a record US$1.5 billion as it looks to return a total of US$5 billion by 2026.
99 Speed Mart eyes Sept market debut as Malaysia’s biggest IPO in 7 years, sources say
Malaysia's top mini-market chain retailer 99 Speed Mart Retail Holdings aims to make its market debut on Sept. 9 after raising $509 million in an IPO set to be launched next month and which would be ...