Figures suggest China-founded firm is among world’s most profitable fashion companies as it prepares for stock market listing ...
Best Bank Offers in Singapore (Apr 2024)—Win A Trip to Paris Oympics 2024, Up to 10% Off Flights Worldwide, and More
Once in a while, we even get super exclusive deals like priority early access to concert tickets—everyone's been talking about the exclusive Taylor Swift deal that Singapore scored, but let's not ...
UOB slashes interest rates for the One Account, introduces two new tiers
UOB will reduce interest rates for its flagship UOB One account effective 1 May 2024, the bank announced to its customers on Monday (1 April). The bank said that the revision of interest rates is done ...
UOB to cut maximum interest rate for flagship savings account from May 1
SINGAPORE: UOB will be lowering the interest rates for its flagship savings account from May 1, making it the first local bank to do so as market expectations build up for the possibility of rate cuts ...
Singapore stocks end higher after positive China PMI data
Across the broader market, advancers outnumbered decliners 258 to 149, with 1.9 billion securities worth $809.6 million changing hands. Read more at straitstimes.com.
Singapore’s deposit insurance limit raised to $100,000 from today; new public education campaign launched
Singapore’s deposit insurance limit has been raised to $100,000 from the previous cap of $75,000, following the Monetary Authority of Singapore’s (MAS) announcement in September 2023.
ST Explains: What does hike in insurance coverage on bank deposits to $100,000 mean for you?
The higher cap on deposit insurance will cover 91 per cent of insured depositors, in line with international norms. Read more at straitstimes.com.
IFC and DBS launch US$500 mil facility to promote trade flows in emerging markets
Under the facility, IFC and DBS will share the risk equally on a portfolio of trade-related assets of up to US$500 million.
Singapore Launches Data-Sharing Platform to Combat Financial Crimes
By Amanda Lee Singapore's central bank has rolled out a new information-sharing platform with commercial banks as part of efforts to combat money ...
Singapore Home Prices Rise Again Despite Sales Slowdown
(Bloomberg) -- Singapore home prices rose for a third consecutive quarter, withstanding months of tepid sales and warnings from authorities about high interest rates. Most Read from Bloomberg Erdogan ...
MOVES-Bank of Singapore names Dubai compliance head, builds Middle East business over 3-5 years
Bank of Singapore, one of Asia's biggest private banks, said on Monday it has appointed Jibu George as its compliance head for its Dubai International Financial Centre (DIFC) branch in Dubai effective ...
MAS launches information-sharing platform to combat financial crime; six commercial banks participate
The platform is co-developed by the MAS and six commercial banks in Singapore; DBS, OCBC, UOB, Citibank, HSBC and Standard Chartered Bank, all of whom will be the participating FIs during its initial ...
UOB drops interest rates for One Account holders, introduces 2 new balance tiers
United Overseas Bank (UOB) announced that with effect from May 1, it will be revising the interest rate down and introducing two new balance tiers for all UOB One Account holders, such that the ...
Singapore, Indonesia await start-up investors’ return, as Malaysia eyes regional launch pad status
After billions of dollars retreated from Southeast Asia's start-ups last year, investors are expected to return in 2024, but with less risk appetite Singapore's noted start-up ecosystem is well placed ...
Singapore stocks rose on Monday—STI climbed 0.2%
SINGAPORE: Singapore stocks rose on Monday as they mirrored the gains in both US and European markets. The Business Times reports that at 9:01 am on Monday morning, the Straits Times Index (STI) ...
New digital platform allowing banks to exchange information on suspicious customers launched
SINGAPORE - A centralised digital platform which enables ... First announced in 2021, Cosmic was co-developed by MAS and six banks - DBS, OCBC, UOB, Citibank, HSBC and Standard Chartered Bank. They ...