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Category: FINANCE

Posted on 20/05/2023

The Returns On Capital At Singapore Shipping (SGX:S19) Don’t Inspire Confidence

This indicates the company is producing less profit from its investments and its total assets are decreasing. In light of that, from a first glance at Singapore Shipping (SGX:S19), we've spotted some ...

Posted on 20/05/2023

Singapore looking to deepen ties with Africa | Video

Singapore is looking to deepen ties with Africa and give the continent more attention as a new area for investment. Prime Minister Lee Hsien Loong has completed a six-day visit to South Africa and ...

Posted on 20/05/2023

Analysts mixed on OCBC after record 1QFY2023 earnings

The Singapore research team at RHB Bank Singapore has also kept its “buy” call albeit with a lower target price of $14 from $14.80 previously. “OCBC Bank’s 1QFY2023 results are above expectations.

Posted on 20/05/2023

The Big Read: Can S’pore find the right balance as e-payments become the norm?

On most days, Ms Pang Shi Jia leaves her home with only her phone and card holder, which contains two bank cards.

Posted on 20/05/2023

‘How can I fall into a scam twice?’ Man who wanted to buy otah online downloads fake ScamShield app

Responding to an advertisement selling multiple kinds of otah on Facebook, a man was told by the seller to download an app to place a deposit. He keyed in his bank details but realised later that day ...

Posted on 19/05/2023

Singapore Bourse May Reclaim 3,200-Point Level

The Singapore stock market on Thursday ended the two-day slide in which it had dropped more than 40 points or 1.3 percent. The ...

Posted on 19/05/2023

HeySara and OCBC Bank are Helping SMEs Go Digital at a Fraction of the Cost

With this in-the-works partnership, HeySara is providing their report-filing, deadline-reminding, document-filing Digital Secretary Solutions (along with their ease-of-use and cost-effective cloud ...

Posted on 19/05/2023

2 weeks’ jail for man who asked friend to conduct unauthorised search on DBS’ customer info system

To find an acquaintance who owed him money, Ang Kok How got a friend who was a DBS Bank employee to conduct an unauthorised search on the bank's customer information system to illegally obtain the ...

Posted on 19/05/2023

Whistleblower calls out alleged unfair hiring practices in Singapore banking industry

An anonymous banking insider reported allegations of favoritism within Citibank's Singapore branch, claiming senior roles were filled by foreign staff over viable local candidates. Drawing inspiration ...

Posted on 19/05/2023

DBS keeps ‘buy’ on BRC Asia despite 1HFY2023 dip, sees improvements to come

Anticipating “better times” ahead, DBS Group Research analyst Lee Eun Young has maintained her “buy” call for BRC Asia with a reduced target price of $1.89 from $2.22 previously.

Posted on 19/05/2023

Singapore Says No to Angolan Tycoon’s Bid for Funds Held in Private Bank

Carlos Manuel De Sao Vicente, an Angolan businessman convicted of money laundering, failed in his bid in Singapore to get his funds released from the private banking arm of Oversea-Chinese Banking ...

Posted on 19/05/2023

DBS keeps ‘buy’ for ComfortDelGro but lowers TP to $1.62 amid slower recovery

The analysts note that CDG has introduced booking commissions since May 2022 on its re-launched ride-hailing platform app, Zig. With full-reopening, they expect revenue growth of 4.5% mostly coming ...

Posted on 19/05/2023

Singapore’s OCBC bank sets decarbonisation target for ship finance

Southeast Asia’s second-largest lender claims targets are internationally recognised, science-based pathways Singapore’s OCBC Bank has unveiled decarbonisation targets for its ship finance activities ...

Posted on 19/05/2023

HSBC is Giving You Cashback For Paying Your Taxes? We Review HSBC’s Everyday+ Rewards Programme

Wouldn’t it be great to get cashback on our taxes like how we get cashback on our shopping? Hang on a second. We actually can! HSBC’s Everyday+ Rewards Programme gives... The post HSBC is Giving You ...

Posted on 19/05/2023

Singapore firms should be aware of the opportunities in Africa, ‘break new ground’: PM Lee

Singapore therefore needs to double down on staying open ... For instance, PM Lee and Kenyan President William Ruto announced after they met on Thursday that a bilateral investment treaty between the ...

Posted on 19/05/2023

MOVES-Citi appoints Sharad Mohan as Singapore’s head of international personal bank

Citi has appointed Sharad Mohan as its head of international personal bank, Singapore, the banking group said on Tuesday.

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