DBS also announced on Wednesday that group head of operations Jimmy Ng will retire from executive duties on Jul 1. “A strong champion of the bank’s innovation efforts over the past 15 years, he will be appointed senior advisor for the bank’s artificial intelligence efforts until Dec 31,” it said.
New payments entity, automated verification tool to boost Singapore’s status as finance hub
The new entity will consolidate the administration and governance of payment schemes such as PayNow. Read more at straitstimes.com.
Singapore to consolidate administration of payment systems under one roof
The Monetary Authority of Singapore and the Association of Banks in Singapore will set up a new entity to consolidate the administration and governance of Singapore’s various national payment schemes.
OCBC issued sustainability-linked loans to 110 SMEs in 2024, more than four times y-o-y
OCBC supported close to 4,000 SMEs across the region with total sustainable financing commitments of over $9 billion, increasing over 40% y-o-y.
SME sustainable financing loan book up more than 40% to exceed S$9 billion in 2024: OCBC
OCBC’S total sustainable financing for small and medium-sized enterprises (SMEs) grew by more than 40 per cent year on year, surpassing S$9 billion in 2024, up from more than S$7 billion in 2023. Read ...
300 SMEs to get help in new OCBC programme to drive climate action
The OCBC SME Start-ESG Programme will help firms get a baseline measurement of their sustainability metrics. Read more at straitstimes.com.
Analysis-Is China’s state-funded stock revival plan pie in the sky?
As China directs its large financial institutions to help revive and rebalance a struggling stock market, analysts see merit in the plan but are sceptical it will stimulate a recovery. Beijing has ...
Trade war turmoil hits emerging markets hard, but Singapore defies the storm
In addition to falling stock prices, regional currencies like the Malaysian ringgit, Indonesian rupiah, and Taiwan dollar all weakened against the U.S. dollar. The Malaysian ringgit saw a notable drop ...
Paragon Reit: From IPO to privatisation
Cuscaden Peak’s Times Properties made an offer to privatise Paragon Real Estate Investment Trust (Reit) for S$0.98 a unit, noting that the trust has one of the lowest free floats among its retail ...
Exco: Over 900 SPM no-shows in Johor, some banking on Singapore jobs
More than 900 students in Johor did not sit for the SPM examination, with some convinced they could still earn good salaries in Singapore without completing Form 5. The New Straits Times reported that ...
Standard Chartered: local and global experts
Demir Avigdor, managing director, head of private banking UK, Standard Chartered, believes wealth is growing, not only in volume, but geographically.
DBS to reward staff with $1,000 special bonus, plans new quarterly capital return dividend in 2025
Bank reported Q4 profit rose 10 per cent to $2.62 billion, with full-year earnings up 11 per cent to record $11.4 billion. Read more at straitstimes.com.
At least S$32.6 million has been lost to investment scams in Singapore since January
At LEAST S$32.6 million has been lost to investment scams in Singapore since January, with 470 cases reported, the police said on Tuesday (Feb 11). With investment-related scams, the perpetrators ...
Police warn of investment scams; at least S$32.6 million lost in over a month
Scammers approached victims on social media platforms, messaging apps and the dating platform Coffee Meets Bagel.
Chocolate Finance whets Singaporeans’ appetite for higher cash yields; assets approach S$1 billion
UNTIL recently, the low rates on Singapore-dollar deposits were a source of frustration for savers. For entrepreneur Walter de Oude, they sparked an enduring passion to create a platform for higher ...
Financial Services Roundup: Market Talk
Find insight on BPER Banca’s takeover offer, Maybank and more in the latest Market Talks covering financial services.