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Category: FINANCE

Posted on 03/05/2023

Dyson Expanding In Singapore, Philippines And U.K. Under Firm’s $3.4 Billion Global Investment Plan

Dyson said Wednesday it is building new manufacturing facilities and technological hubs across Singapore, the Philippines and the U.K. as part of an ongoing five-year, £2.75 billion global investment ...

Posted on 03/05/2023

Singapore’s Keppel to Drop Conglomerate Structure, Targets $150 Billion AUM by 2030

Singapore's Keppel Corp on Wednesday announced a major corporate restructuring, doing away with its conglomerate form and divide itself into three distinct units, in a bid to simplify and further grow ...

Posted on 03/05/2023

Singapore’s Trust Bank exceeds 450,000 customers in 5 months

This comes after the bank onboarded 100,000 people in 10 days after launch. Singapore’s Trust Bank has exceeded 450,000 customers five months after its release. This is equivalent to about 9% of the ...

Posted on 03/05/2023

Singapore-based tech unicorn and Atome parent, Advance Intelligence Group, raises US$80 mil

Singapore-based AI-driven technology company Advance Intelligence Group has raised US$80 million ($106.68 million) from an investor consortium led by existing investors Warburg Pincus and Northstar ...

Posted on 03/05/2023

Stock Market LIVE Updates: SGX Nifty signals weak start for D-Street ahead of Fed decision

Nifty futures on the Singapore Exchange traded at 18,132, down 88.50 points or 0.49% around 7.35 am, signalling a negative start for Dalal Street on Wednesday.

Posted on 03/05/2023

Singapore Stock Market Expected To Head South Again On Wednesday

The Singapore stock market on Tuesday wrote a finish to the four-day slide in which it had slumped more than 50 points or 1.8 ...

Posted on 03/05/2023

Dyson to build new factory in Singapore and expand in UK and Philippines

Investments in Bristol and Santo Tomas in the Philippines will be worth £100m and £166m respectively ...

Posted on 03/05/2023

Not True. State Backed Singapore Fund Temasek Says No Investment in Array

An article in Cointelegraph from yesterday (May 1) erroneously reported that Temasek has invested $10 million in Array which did not help things by retweeting the article before i ...

Posted on 03/05/2023

Singapore: Long-Serving Central Bank Chief Steps Down

Veteran central banker Ravi Menon is set to step down as managing director of the Monetary Authority of Singapore.

Posted on 02/05/2023

HSBC to grow wealth and personal banking segment in Asia-Pacific

This article first appeared in The Edge Malaysia Weekly on April 24, 2023 - April 30, 2023 BRITISH lender HSBC Holdings plc is looking to the wealth and personal banking segment in the Asia-Pacific ...

Posted on 02/05/2023

HSBC shares rise after lender announces US$2 billion share buyback

HSBC, like its Wall Street and European peers, has seen a recovery in earnings on the back of higher interest rates. As the biggest bank in Hong Kong, the lender is also expected to benefit from ...

Posted on 02/05/2023

22 bus services affected by road closures on May 7 for OCBC Cycle 2023

SINGAPORE - A total of 22 bus services will be affected by road closures for the OCBC Cycle 2023 event on May 7. This will last from the start of bus operations to 11am, said SBS Transit in a ...

Posted on 02/05/2023

Over 1 million DBS PayLah! cashback rewards redeemed in less than 3 months

Over a million PayLah! hawker meal subsidies have been redeemed in less than three months since DBS and POSB launched the "5 Million Hawker Meals" scheme on 10 February. The scheme, which aims to ...

Posted on 02/05/2023

‘Fake news’: Temasek Holdings refutes reports of S$13.4m investment in cryptocurrency firm Array

SINGAPORE — State investment firm Temasek Holdings has refuted a claim that it made an investment of US$10 million (S$13.4 million) in cryptocurrency company Array, calling it "fake news".

Posted on 02/05/2023

Singapore’s DBS posts record Q1 profit, expects margins to decline as rates peak

Singapore's largest bank, DBS Group, has announced a quarterly net profit of S$2.57bn ($1.9bn) for Q1 2016, up 43% on the same quarter a year ago. The bank cites inflows of safe haven deposits amid ...

Posted on 02/05/2023

Citing diversified portfolio, OCBC and DBS maintain positive call on Mapletree Industrial Trust

Analysts from both OCBC Investment Research and DBS Group Holdings have kept their "buy" calls on Mapletree Industrial Trust, following 4QFY2023 numbers that met their expectations and proving that ...

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