On the effects of US president Donald Trump’s second tenure as president, the RHB economists anticipate moderate supply chain disruptions in the inflation landscape, primarily confined to the US.
OCBC analyst raises DBS target price to S$50 after bank’s S$11.4B net profit in FY2024
SINGAPORE: OCBC Investment Research (OIR) analyst Carmen Lee raised her target price for DBS to S$50 after the bank posted an S$11.4 billion net profit for FY2024, an 11 per cent increase from the ...
Singapore’s Temasek-Backed Sponsor Plans to Take Retail REIT Private in $2 Billion Deal
Singapore's Temasek-backed sponsor of Paragon REIT offered to take the retail investment trust private, valuing it at more than $2 billion, in a bid to renovate its flagship shopping mall in the heart ...
The Full List of Digital Banks in Singapore and Their Top Benefits (2025)
ANEXT Bank claims to be the “Singapore’s first digital bank for SMEs”, and allows businesses to open an account with no setup or annual fees nor minimum balance maintenances. Its multi-currency ...
StanChart Unveils ‘SC PrismFX’ for Global Foreign Exchange Payments
Standard Chartered has launched SC PrismFX, a new suite of cross-currency transactional foreign exchange (FX) solutions.
DBS to reward workers with special bonus
SINGAPORE: DBS Group will reward all employees, excluding senior managers, with a special one-time bonus of S$1,000 each, and plans to introduce a new “capital return” dividend, as Singapore’s biggest ...
ST School Pocket Money Fund to benefit from over $2.6m raised by UOB’s CNY fund-raiser
The funds were raised through a series of art workshops and a gala dinner by the bank and its business clients. Read more at straitstimes.com.
Daily Cuts – Budget 2025: Expectations and wishlists for Singapore, from Singaporeans
Budget 2025 is set to be unveiled in parliament on 18 February by Finance Minister Lawrence Wong – his first as Prime Minister. On Asia First, Hairianto Diman and Elakeyaa Selvaraji get the ...
Singapore shares rise, with DBS driving gains; STI up 0.4%
On the STI, Venture Corporation was the top gainer, rising 1.9 per cent, or 24 cents, to $12.80. It was followed by DBS, which climbed 1 .6 per cent, or 70 cents, to $45.38 on a cum dividend basis.
OCBC Investment Research raises DBS’s TP to $50 after FY2024 record profit
Lee’s new target price still gives DBS an attractive dividend yield estimate of 6%, assuming a total dividend payout of $3 in FY2025.
Netizens voice concerns over e-payments in school affecting kids’ financial awareness and money skills
Singapore schools are adopting e-payments, but netizens worry children will struggle with cash transactions. Critics argue that relying on digital payments may weaken financial literacy, making kids ...
U.S. tariffs and interest rate uncertainties make 2025 a “choppy year” for Singapore’s biggest bank: DBS CEO Piyush Gupta
Gupta's comments come as Southeast Asia's largest bank by assets posted a solid showing in its full year results, with net profit reaching a record high.
Sustainability concerns will shape Singapore’s priorities in attracting investments: EDB chairman
THE Republic’s priorities in attracting investments are being reshaped by the city-state’s sustainability commitments, said Singapore Economic Development Board (EDB) chairman Png Cheong Boon in a ...
Singapore’s STI breaks through to a new record as banks hit fresh highs
Singapore’s benchmark index the Straits Times Index has broken through to a new record high on Monday (Feb 10). Read more at The Business Times.
Singapore Stock Market Tipped To Open To The Downside On Monday
The Singapore stock market has moved higher in two straight sessions, collecting more than 45 points or 1.3 percent along the way.
Singapore’s DBS surges to record on higher margins, capital return plans
By Yantoultra Ngui and Roushni Nair SINGAPORE (Reuters) -Shares of DBS soared to a record high on Monday after Singapore's largest bank flagged an improvement in net interest income for 2025 and a ...