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Category: FINANCE

Posted on 26/08/2024

S&P Global: DBS, OCBC, UOB prepare for lower rates by boosting deposits and adjusting strategies

Singapore’s leading banks are increasing their deposits, particularly those with longer maturities. For the second quarter ending June 30, DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. Ltd.

Posted on 25/08/2024

CVC, Abu Dhabi, Singapore Funds Make Near $15.6 Billion Bid for DB Schenker

A consortium formed by CVC Capital Partners, Abu Dhabi Investment Authority and Singapore’s sovereign-wealth fund GIC made a bid for Deutsche Bahn’s logistics division Schenker, which values the ...

Posted on 25/08/2024

Piyush Goyal meets Singaporean company DBS Group CEO, discusses investments

New Delhi [India], August 25 (ANI): Commerce Minister Piyush Goyal met CEO and Director of Singapore-based DBS Group Piyush Gupta. In a post on X on Sunday, after the meeting, Goyal said that they ...

Posted on 25/08/2024

Nirmala Sithraman,Piyush Goyal, Jaishankar, Vaishnaw to participate in India-Singapore ministerial meet

Goyal will engage with leading global business figures in Singapore, including DBS Bank, Temasek Holdings, OMERS, Keppel Infrastructure, and the Owners Forum. The minister will explore strategies to ...

Posted on 25/08/2024

The past three years for Low Keng Huat (Singapore) (SGX:F1E) investors has not been profitable

We know that Low Keng Huat (Singapore) has been profitable in the past. On the other hand, it reported a trailing twelve months loss, suggesting it isn't reliably profitable. Other metrics might give ...

Posted on 25/08/2024

Singapore’s PAP faces housing affordability reckoning in run-up to high-stakes election

Voters 'priced out' of Singapore's housing market could yet deliver a harsh verdict on the government's handling of the affordability crunch As concerns grow over housing affordability in Singapore, ...

Posted on 25/08/2024

Me & My Money: Global citizen ensures diversity of thought and investments

Resilience, adaptability and diverse and global mindset helped him to navigate turbulent markets. Read more at straitstimes.com.

Posted on 24/08/2024

The Evolution of Virtual Banking in Singapore

Singapore's financial landscape is experiencing a significant transformation with the emergence of virtual banks. This move towards digital banking heralds a new era in financial services, ...

Posted on 24/08/2024

Convicted Singapore tycoon’s mansion sold at US$3.1 million discount

A significant discount offered on OK Lim’s high-end property indicates valuations at the pointy end of the market are under pressure.

Posted on 24/08/2024

Bank of Singapore Targets 20% Asset Expansion in Middle East

Bank of Singapore is strategically focusing on expanding its presence in the Middle East, forecasting a significant increase in assets and revenue from the region over the next five years. The ...

Posted on 24/08/2024

DBS Bank Pioneers Blockchain-Powered Government Grant Disbursements

Singapore's DBS Bank has introduced a blockchain-powered solution to ensure improved government grant disbursement.

Posted on 23/08/2024

Singapore to stay nimble and vigilant in a more challenging world and recent mpox outbreak, says PM Wong

adding that the 11th Malaysia-Singapore Leaders’ Retreat in Malaysia later this year, more visits within Asean, and meetings with key partners outside the region are also in the calendar. Wong, who is ...

Posted on 23/08/2024

IPO Of 7-Eleven Rival In Malaysia Likely To Make Founder The Country’s Newest Billionaire

Assuming the over-allotment option is fully exercised, Lee, together with his wife, Ng Lee Tieng, who has a board seat at 99 Speed Mart, will own a post-IPO stake of 80% ... Burger King franchise in ...

Posted on 23/08/2024

Singapore stocks open flat on Friday as US stocks fall and Europe stocks gain

SINGAPORE: Singapore stocks opened flat on Friday, Aug 23, following a decline in US indices and an overnight rise in Europe’s main stock index. The Straits Times Index (STI) saw a slight uptick, ...

Posted on 23/08/2024

Singapore fintech MoneyHero makes unsolicited US$8 million bid to acquire MoneySmart

The Singapore fintech company operates online personal finance platforms that recommend financial products. It runs platforms such as Seedly and SingSaver in Singapore, and also has a presence in Hong ...

Posted on 23/08/2024

Bank of Singapore looks to double revenue from Middle East in 3 years

UAE, and in particular Dubai, have become key destinations for global millionaires post-COVID, says bank’s top official ...

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