DBS/POSB is offering its very own "sign on bonus" for NSFs who credit their NS allowance into their DBS/POSB accounts, with up to S$130 in cash rewards to be earned.
UOB’s credit cards’ contribution to fee income could see highest y-o-y growth thanks to Taylor Swift concert: Bloomberg
Among the three banks, UOB’s credit card contribution could see the biggest y-o-y growth in FY2023. The growth may also help the lender achieve its double-digit target for fee-income growth after the ...
UOB Kay Hian maintains ‘buy’ on MPACT but lowers TP to $1.90
Analyst Jonathan Koh has lowered his TP from $2.02 previously as the REIT's Japan portfolio weathers pressure from new supply.
Singapore-based financial analytics platform Bunker secures US$5 mil funding
Singapore-based financial analytics platform Bunker has raised US$5 million ($6.6 million) over two rounds of funding from investors across the region including January Capital, Northstar Group and ...
Higher deposit caps for digibanks unlikely to dent earnings of Singapore bank trio: report
THE raising of deposit caps for digital banks is unlikely to impact the profitability of Singapore’s trio of local banks – DBS, UOB and OCBC, Fitch Ratings said in a report on Sunday (Jul 23). Read ...
Senior Banking Leaders Set to Gather at MoneyLIVE Asia This September
MoneyLIVE Asia will be held at the Marina Bay Sands, Singapore this 12-13 September 2023 to unite some of the most innovative banking and payments leaders from across Asia. At the event, industry ...
OCBC appoints Mike Ng as its first chief sustainability officer
Ng was appointed OCBC's head of sustainability office in the bank’s global wholesale banking unit in June 2022.
Singapore banks’ loan growth, fee income ‘largely weak’; DBS urges ‘hold’ before 2QFY2023 results
UOB is set to announce its results for 1HFY2023 on July 27, while DBS and OCBC will follow on Aug 3 and Aug 4 respectively.
Singapore shares muted at open after global markets end mostly higher
SINGAPORE stocks opened muted on Tuesday (Jul 25) after stock markets in the United States and Europe closed mostly higher with the approach of the earnings results season. Read more at The Business ...
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 ...
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.
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.
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.
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 ...
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 ...
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 ...