Singapore will eliminate corporate cheques by end-2025, while individuals will be able to use cheques “for a period" after 2025, say MAS and ABS.
Singapore home prices fall for 1st time in 3 years as red-hot pace slows
Data from the Urban Redevelopment Authority showed private property values slid 0.2 per cent from the previous three months, when they rose 3.3 per cent.
SG, UK boost cooperation in sustainable finance and fintech
The countries will cooperate on seven key areas. Singapore and the United Kingdom have agreed to further collaborate on joint projects in the areas of sustainable finance and fintech and innovation.
Analysis: Singapore loan interest rates set to plateau soon even after US Fed raises key rate to highest since 2001
Economists in Singapore largely expect interest rates here to plateau soon even though the United States central bank has just raised its benchmark ...
GIC cuts key quant unit in ‘tough’ overhaul of investment teams
The Systematic Investment Group, which had about 30 staff earlier this year, is being reorganized with some team members reassigned to different units while others are leaving to join external quant ...
UPDATE 2-Siltronic sees drop in sales this year of up to 19%, raises investment
Siltronic said it was preparing for its next growth phase by investing in its new Singapore factory, where it plans to produce state-of-the-art 300 mm wafers from 2024. It now plans to invest 1.3 ...
Siltronic Sees Drop in Sales This Year of up to 19%, Raises Investment
(Reuters) - German silicon wafer group Siltronic expects sales to fall up to 19% this year due to weak demand from the semiconductor industry but plans to invest in expansion to prepare for a recovery ...
UOB’s second-quarter profit up 27% to $1.4 billion; dividend of 85 cents declared
UOB’s earnings were in line with the forecast made by analysts in a Refinitiv poll. Read more at straitstimes.com.
‘No regrets’: Singapore lecturer sells house to raise $150k to finance 6 students’ university fees
This Singaporean lecturer has certainly gone big by selling his retirement home to raise $150,000 so he could send six students to study in Australia. Frankie Yee, 56, first met the six international ...
Best credit card promotions in Singapore (July to August 2023): Citibank, DBS, HSBC, UOB and more
When it comes to credit card promotions these days, we're spoilt for choice. Banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple ...
50% of young people in Singapore are actively investing: AIA survey
However, young respondents fall short in other areas of investment and financial management, according to the AIA survey. What are they?
ASEAN’s Fintech Sector Attracts US$5.7Billion; Singapore Leads
"In the surge of a $5.7 billion investment wave, Singapore cements its role as the crucial gateway in the ASEAN Fintech landscape.
Singapore investors head for property in Japan on weaker yen, Osaka casino resort bet
The World Expo, an international event held every five years, and the casino resort are expected to boost tourism. Read more at straitstimes.com.
Singapore’s UOB bank Q2 net profit rises 27pc on-year, in line with forecast
Singapore’s United Overseas Bank (UOB) reported today a 27 per cent increase in net profit in the second quarter from a year earlier that is in ...
Singapore Bank UOB’s Profit Tops Estimates on Lending Income
UOB’s net interest income rose 31%, led by an expansion in net interest margin. Its loan-related fees and wealth management fees were softer compared to a year ago, as investor sentiments remained ...
Singapore’s UOB bank Q2 net profit rises 27% on-year, in line with forecast
SINGAPORE: Singapore's United Overseas Bank (UOB) reported on Thursday (Jul 27) a 27 per cent increase in net profit in the second quarter from a year earlier that is in line with expectations mainly ...