The OCBC scam is a reminder that banks need to share risks more evenly with customers after they have reaped the benefits for digitalisation. ( read original story ...)
Stock Market LIVE Updates: Sensex, Nifty set to open lower; HDFC Bank, HCL Tech, UltraTech Cement shares in focus
Indian benchmark indices, BSE Sensex and NSE Nifty50, look set to open lower on Monday. The Singapore Exchange-traded Nifty50 futures were down 0.5 percent at 18,192 early Monday, indicating that the ... ( read original story ...)
Student coalition highlights ‘extensive’ links between Singapore universities and fossil fuel industry, urges full divestment by 2030
SINGAPORE: A coalition of students in Singapore has called on universities to transition away from the fossil fuel industry by 2030, as part of a report the group released on Monday (Jan 17) detailing ... ( read original story ...)
S’poreans Can Withdraw New Notes For CNY At 64 DBS/POSB ATMs Islandwide
Singapore Residents Can Withdraw New Notes At Selected ATMs From Now Till 31 Jan. Many of us would agree that the best part of Chinese New Year (CNY) is the countless ang baos we ... ( read original story ...)
Singapore: Inflation pressures could delay GST hike to January 2023, economists say
The planned goods and services tax (GST) increase could kick in as soon as this July if the approach taken with the previous GST rate hike in 2007 is a guide. ( read original story ...)
Why Income Investors Should Pay Attention to Singapore REITs Now
Tapering and rate hikes are lingering over the financial market since December and they will be the biggest drivers of the stock market in 2022. What should we invest in a rising inflation and ... ( read original story ...)
Community Chest giving out over 8,000 festive bags to seniors, families in need
Initiative scaled up to distribute nearly 30 per cent more festive bags compared with the 6,700 last year. . Read more at straitstimes.com. ( read original story ...)
Smart Reads of the Week: Singapore Banks Hitting New Highs, iFAST’s UK Digital Bank Foray and Q&M Dental
Singapore’s largest bank, recently hit an all-time high of S$35.51 while United Overseas Bank Ltd (SGX: U11) hit its 52-week high ... ( read original story ...)
UOB Buys 4 Consumer Divisions Of Citibank As Wall Street Financial Behemoth Executes A Total Retreat From Global Retail Banking
Under the leadership of CEO Jane Fraser, Citigroup is scrapping its global consumer banking division and reducing its sprawling retail banking footprint. The bank will focus on the lucrative wealth ... ( read original story ...)
Citi to sell Southeast Asia retail business in $5 billion deal to Singapore’s UOB
SINGAPORE - Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion, bringing the US bank closer to its goal of exiting ... ( read original story ...)
DBS maintains ‘hold’ on SGX due to no immediate catalyst
This is despite the good contributions SGX saw from all business segments over the past two years, including FICC ... ( read original story ...)
Green finance is red-hot
GREEN financing is not exactly a new buzzword, but it is only now that it is gaining momentum both here and regionally. Put simply, green financing is any financing activity which takes into account ... ( read original story ...)
Singapore introduces IP Amendment Bill to streamline processes and improve legislative clarity
WTR talks with a local expert on what the implications are for brand owners and any potential roadblocks to implementation. ( read original story ...)
HSBC investment bank co-head takes 6 months break
An HSBC bank logo is pictured during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 19, 2020. REUTERS/Carlo Allegri ... ( read original story ...)
OCBC S’pore scam victims, many who lost life savings, slam bank for underwhelming response
Among other grievances, victims were angered by OCBC’s perceived nonchalance and ineptitude when they approached the bank for help. ( read original story ...)
Adani Wilmar cuts IPO size to Rs 3,600 cr
Out of the IPO proceeds, Rs 1,900 crore will be used for capital expenditure, Rs 1,100 crore will be used for the repayment of debt and Rs 500 crore in funding strategic acquisitions and investments. ( read original story ...)