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Category: FINANCE

Posted on 02/05/2024

5 Singapore Stocks Paying Out Dividends in May

Here are five stocks that will be dishing out dividends in May. The post 5 Singapore Stocks Paying Out Dividends in May appeared first on The Smart Investor.

Posted on 02/05/2024

DBS sees net profit rising this year after Q1 beats forecasts

Singapore's biggest bank DBS Group expects its net profit to grow this year, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total ...

Posted on 02/05/2024

DBS Q1 profit up 15% to $2.95 billion on higher fee income, dividend of 54 cents declared

Its quarterly fee income crossed $1 billion for the first time, rising 23 per cent from a year ago Read more at straitstimes.com.

Posted on 02/05/2024

HSBC SVNS League winners to be decided in Singapore

The Singapore National Stadium will play host to the much-anticipated seventh and final regular season round of the HSBC SVNS 2024 from 3-5 May, ...

Posted on 02/05/2024

Singapore bank DBS’ first-quarter net profit rises 15% on year to record high

DBS Group , Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total ...

Posted on 02/05/2024

Curb on DBS’ non-essential banking activities ends

The Monetary Authority of Singapore (MAS) has said it will not extend a six-month restriction on DBS Bank’s non-essential banking activities past April 30.

Posted on 01/05/2024

More than S$370,000 recovered after banks, Singapore and Hong Kong police foil scam

The 70-year-old victim divulged his bank credentials to a scammer after being told his computer had been hacked and his bank accounts were used for illegal activities.

Posted on 01/05/2024

HSBC’s Noel Quinn ends 37-year CEO dream with surprise departure

Unlike some rival CEOs at companies that have private jets, Quinn often flies commercial for his regular trips.

Posted on 01/05/2024

MAS will not extend six-month pause on DBS’ non-essential activities

SINGAPORE: The Monetary Authority of Singapore (MAS) will not extend the six-month pause on non-essential activities that it imposed on DBS after the bank's multiple service disruptions in 2023.

Posted on 30/04/2024

OCBC should be seen as ‘financial conglomerate’ unlike local banking peers, says chairman

OCBC should be seen as a financial conglomerate of many parts, setting it apart from the other two local banks in Singapore, said its chairman Andrew Lee. Read more at The Business Times.

Posted on 30/04/2024

DBS must still hold additional capital buffer due to service disruptions despite ‘progress’: MAS

SINGAPORE - The Monetary Authority of Singapore (MAS) will not extend a six-month restriction on DBS Bank’s non-essential banking activities, which was imposed due to disruptions to the bank’s ...

Posted on 30/04/2024

Amid losses and IPO delays, Ninja Van conducts layoffs in tech office

Regional logistics firm Ninja Van has announced a bout of layoffs. It has let go of 21 employees from its tech division in Singapore, representing about 10% of the regional tech team and 20% of the ...

Posted on 30/04/2024

Malacca Securities sets Farm Price’s fair value at 85% premium ahead of IPO

Malacca Securities has ascribed a fair value of 44.5 sen per share for Farm Price Holdings Bhd, which marks a premium 85% from its initial public offering (IPO) price.

Posted on 30/04/2024

Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings

SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their results for the year, said ...

Posted on 30/04/2024

Singapore Stock Market May Open To The Upside

(RTTNews) - The Singapore stock market on Monday ended the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,280-point plateau ...

Posted on 30/04/2024

Jail for ex-Chubbs Insurance employee who cheated company into disbursing S$11m in false claims over 7 years

For seven years, a senior claims executive at Chubbs Insurance executed what a judge described as an “elaborate scheme” to cheat his employer into disbursing over S$10.74 million in fraudulent claims.

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