The loan facility is for ABC Impact Fund II, which was incepted in August 2023 and held its final close in March this year with AUM currently exceeding US$600 million.
HSBC offers to take Hang Seng Bank private in major bet on Hong Kong financial hub
As a key subsidiary of HSBC, Hang Seng Bank plays a significant role in the region’s banking sector. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore Set to Hold Monetary Policy on Steady Economic Outlook
Singapore’s central bank is expected to leave monetary policy unchanged this week as it weighs subdued inflation and the lingering threat of US trade measures against a resilient domestic growth ...
Wealth expertise, global privileges, lifestyle rewards: How bank’s new approach helps clients grow their assets and live fully
By offering a holistic proposition that combines the products and services of Citigold Private Client and the Citi Prestige Card, Citi is going beyond financial services to deliver exclusive ...
Smart Reads of the Week: Singapore Dividend Stocks, REITs to Watch, and How Rate Cuts Are Shaping the Market
With markets still near record highs, investors are recalibrating after the Fed’s rate cuts. This week’s Smart Reads looks at dividend stocks yielding above 5%, blue-chip laggards, and REITs to watch ...
Bank of Singapore’s new AI tool can do in one hour what took staff 10 days
Relationship managers, who will review and refine the reports, will have more time to engage customers. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore shifts update to crypto rules for banks until 2027
The Monetary Authority of Singapore has announced a shift of its new crypto Prudential standards by a year, noting that the rollout will go into effect at the ...
From banking to the FIA: What Citi’s new Singapore head brings to the F1 governing body
Under the mandate of the FIA president, Lee Lung-Nien has helped guide a remarkable financial turnaround at the motorsports governing body Read more at The Business Times.
Singapore’s Nanofilm IPO hugely oversubscribed -sources
The bookbuild portion of Singapore's Nanofilm Technologies International's up to S$510 million ($375 million) initial public offering (IPO) has been subscribed about 19 times, two sources with ...
Singapore shares end 1.1% higher as DBS rally continues
Singapore shares closed higher on Oct 7, buoyed by DBS' continued rally, with the benchmark Straits Times Index rising 1.1 per cent. Read more at straitstimes.com. Read more at straitstimes.com.
Bank of Singapore uses AI agents to cut source of wealth report time to one hour
The private bank’s new agentic AI tool streamlines know-your-customer checks, allowing more time for client engagement while upholding strong compliance and risk management standards.
Enjoy 60% Off Selected Attractions with POSB Cards till 31 Dec 2025
Looking to explore Singapore’s top attractions without breaking the bank? From now till 31 December 2025, POSB is offering an exclusive 60% off selected attractions and experiences (capped at S$60) ...
DBS flags pick-up in growth led by wealth management, stable credit costs
Singapore bank DBS Group (DBSM.SI) painted an optimistic picture for 2021 as a pandemic-induced slowdown gives way to an improved business performance, driven by wealth management, while credit costs ...
Singapore finance minister to deliver budget on Feb. 16
Singapore's finance minister Heng Swee Keat will deliver the fiscal year 2021 budget statement on Feb. 16, the government said on Thursday.
Singapore banks trounce Q3 profit estimates, wealth management shines
Singapore's top lenders, DBS Group and Oversea-Chinese Banking Corp , posted lower than expected declines in third-quarter profit on Thursday on the back of strength in their wealth management ...
RHB raises DBS target price to $57.10 after bank’s stock hits new high
This is the second time RHB has hiked its target price for DBS this year. DBS shares reached an all-time high of $54.80 on Oct 7.