It made the decision after failing to get approval for its initial request to buy as much as 49% Read more at The Business Times.
DBS revises Malaysia bank stake plan as regulatory limits shape strategy
DBS seeks approval for a 30% stake in Alliance Bank Malaysia to align with regulatory limits and move the deal forward.
DBS is said to revise Alliance Bank offer proposal to 30% stake
SINGAPORE's biggest bank has withdrawn an application to start talks to buy as much as 49% of Alliance Bank Malaysia Bhd., replacing it with one to acquire up to 30% instead, people with knowledge of ...
Singapore Core Inflation at 1.2% Y/y in October, Higher Than Expected
SINGAPORE (Reuters) -Singapore's key consumer price gauge rose 1.2% in October from a year earlier, official data showed on Monday. The core inflation rate, which excludes private road transport and ...
Scammed while travelling? OCBC rolls out free in-app calls for all customers
Bank says business and retail customers currently make over 8,000 calls to the bank each month while overseas Read more at The Business Times.
OCBC rolls out in-app calls for retail banking customers amid anti-fraud push
The latest move follows a successful roll-out for corporate customers in June. Read more at straitstimes.com. Read more at straitstimes.com.
OCBC steps up anti-scam measures with in-app calling feature
The bank is adding secure in-app calling for both incoming and outgoing calls, helping customers reach the bank safely and verify when the bank is genuinely contacting them.
OCBC Brings In-App Calls to Retail Users to Curb Impersonation Scams
OCBC is rolling out in-app calls for retail users to strengthen verification and curb rising impersonation scams in.
Singapore’s tourism to enjoy near-term tailwinds from China trip cancellations: DBS
Currently, China is Singapore’s largest visitor source that accounts for about 20% of tourist arrivals. DBS believes that the substitution effects will tend to favour short-haul, high-frequency ...
Singapore police arrested one suspect after raiding a car loan company linked to firms associated with Prince Group chairman Chen Zhi
One suspect believed to be involved in money laundering was arrested by Singapore police in the raid of a car loan company with ties to the Prince Group chairman, Chen Zhi. Singapore police raided SRS ...
HSBC overhauls trading business in bid to become debt powerhouse
The firm’s Group-of-10 rates trading unit will be combined with its foreign exchange, emerging markets rates and commodities desks to form a new global macro division, according to a memo to staff.
DBS Foundation tops list of S’pore’s largest private donors, committing over $100m to social causes
It made the top 10 for the first time, along with the Elaine and Eduardo Saverin Foundation and UBS Optimus Foundation. Read more at straitstimes.com. Read more at straitstimes.com.
Infinity Developments to raise $13.7 million via all-placement IPO at 39 cents each
The company, whose customers are mainly shoe makers based in the region, plans to raise new funds to fund regional expansion ...
HSBC names Ruby Ho as head of markets and securities services, ASEAN
She will lead the MSS business in Singapore and the whole region. HSBC has appointed Ruby Ho as head of markets and securities services (MSS), ASEAN, effective immediately. Ho will be responsible for ...
The IPO market is being re-globalized as Asia’s markets embrace dual listings and corporate governance reform
Southeast Asia’s IPO market, after a lengthy slump, is starting to recover. According to Deloitte, total IPO proceeds across Southeast Asia are up by 53% so far this year, with particular energy in ...
Singapore imposes sanctions, entry bans on four Israeli settlers
Singapore sanctions four Israelis for violent acts in the West Bank as it supports international law and signals readiness to recognise a Palestinian state.