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Category: FINANCE

Posted on 25/07/2023

Singapore Bourse Called Rangebound Again On Tuesday

The Dow jumped 183.55 points or 0.52 percent to finish at 35,411.24, while the NASDAQ rose 26.06 points or 0.19 percent to close at 14,058.87 and the S&P 500 added18.30 points or 0.40 percent to end ...

Posted on 25/07/2023

Singapore’s Keppel, HSBC sign agreement for decarbonisation solutions

Singapore's Keppel Corporation said on Tuesday it signed an agreement with HSBC for pursuing energy transition opportunities aimed at reducing emissions in Greater Bay Area and across Asia.

Posted on 25/07/2023

Concert tickets, vacuum cleaners and more: Will credit card sign-up incentives help banks retain customers?

While giving away freebies may increase initial customer acquisition, this is not sustainable in the long run, says a marketing expert.

Posted on 25/07/2023

Singapore banks Q2 performance to be weighed down by higher costs, weaker loans: Analysts

Earnings for the three banks are expected to peak in 2023 as loan growth tapers off and costs rise, say analysts. Read more at straitstimes.com.

Posted on 25/07/2023

DBS downgrades Grab to ‘fully valued’ on ‘structural challenges’

DBS Group Research analyst Sachin Mittal has downgraded NASDAQ-listed Grab to “fully valued” from “hold” previously as he sees the company facing a dilemma between focusing on growth or its ...

Posted on 25/07/2023

Singapore banks’ Q2 to be weighed down by higher costs, weaker loans: analysts

ANALYSTS across the board are once again expecting a weaker quarterly performance from the trio of local banks in their upcoming Q2 update, amid a continued rise in costs and provisions.  Read more at ...

Posted on 25/07/2023

Higher deposit caps for digital banks not likely to impact DBS, OCBC and UOB: Fitch Ratings

Digital bank GXS, which is backed by Grab and Singtel, said on July 19 that it will raise the limit for deposits from $5,000 per account to the new $75,000 threshold. Separately, Sea-owned MariBank ...

Posted on 25/07/2023

United Overseas Bank: Attractive Growth Potential And Dividend Yield

United Overseas Bank presents an appealing investment opportunity with strong growth prospects and solid fundamentals. Read why I'm bullish on the stock.

Posted on 24/07/2023

Beware of fake ads from scammers misusing PM Lee’s image to sell investment opportunities

Ads misusing PM Lee Hsien Loong's image and pointing to scam sites that impersonate CNA's website have surfaced recently. "If the ad uses my image to sell you a product, asks you to invest in some ...

Posted on 24/07/2023

Singapore, Hong Kong reaffirm close and longstanding relations

Hong Kong's chief executive John Lee is in Singapore for the first time since becoming the territory’s new leader just over a year ago.

Posted on 24/07/2023

Singapore youth environmentalists are fighting climate change – and impostor syndrome

Singapore youth environmentalists are fighting climate change – and impostor syndrome. They say access to information on sustainability is easy, and it is challenging to build a specific niche.

Posted on 24/07/2023

Hong Kong, Singapore should ‘step up’ post-pandemic ties, leader of city state tells John Lee on first stop of chief executive’s Asean trip

Singapore Prime Minister Lee Hsien Loong says both governments have always had good relationship, while city's top official hails hospitality of hosts John Lee says purpose for trip to Southeast Asia ...

Posted on 24/07/2023

OCBC creates chief sustainability officer role

Singapore lender OCBC has created the role of group chief sustainability officer (CSO), who will lead the group’s sustainability agenda, including the transition to a net-zero economy on both the ...

Posted on 24/07/2023

Higher deposit caps for digital banks not likely to disrupt DBS, OCBC and UOB: Fitch Ratings

Digital bank GXS, which is backed by Grab and Singtel, said on July 19 that it will raise the limit for deposits from $5,000 per account to the new $75,000 threshold. Separately, Sea-owned MariBank ...

Posted on 24/07/2023

Singapore June Core Inflation Rises 4.2%, Matches Forecast

SINGAPORE (Reuters) - Singapore's key consumer price gauge rose 4.2% in June, matching economists' forecasts, official data showed on Monday. The core inflation rate - which excludes private road ...

Posted on 24/07/2023

Who Is Ng Kok Song? All About The Man Running In The Singapore Presidential Elections

Here is everything you need to know about Ng Kok Song, the third candidate for the Singapore presidential elections.

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