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 ...
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 ...
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 ...
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 ...
‘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".
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 ...
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 ...
UOB remains RHB’s top Singapore bank pick following 1QFY2023 earnings
RHB Bank Singapore has kept United Overseas Bank as its top pick among the three Singapore banks, following its 1QFY2023 earnings that grew by xx% y-o-y to hit a record $1.51 billion.
Analysts mixed on CDL Hospitality Trusts despite ‘stellar performance’ in core Singapore market for 1QFY2023
However, Citi Research’s Brandon Lee has reiterated his “sell” rating on CDLHT with an unchanged target price of $1.15, citing Far East Hospitality Trust (FEHT) as a “better proxy”, given its 100% ...
Singapore’s ABSD rate hike: The winners and the losers
Singapore increased the ABSD for all residential statuses by 3% to 30%. Real estate experts are calling the recent Additional Buyer Stamp Duties (ABSD) rate hike "punitive," having more negative than ...
US lawmakers push SEC to order audit of Shein ahead of planned IPO, over Uygur forced labour fears
A group of US representatives is asking the Securities and Exchange Commission (SEC) to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use ...
Singapore’s banking trio ‘outperforming pretty well,’ SGX strategist says
Geoff Howie, markets strategist at the Singapore Exchange, says "the grip that macro trends are having on … important sectors is dissipating somewhat." ...
Singapore ‘cannot afford to outbid the big boys’ to attract investments, says DPM Wong | Video
As major economies mobilise large sums of money to build up their own strategic industries, Singapore “cannot afford to outbid the big boys” to attract investments from multinational corporations, ...
Steady Start Called For Singapore Shares
Ahead of Monday's Labor Day holiday, the Singapore stock market had finished lower in four straight sessions, slumping more than 50 ...
Stock Market Live: Sensex, Nifty 50 to open with minor cuts as indices resume trading after long weekend
Indian equity benchmarks BSE Sensex and NSE Nifty 50 are likely to open with minor cuts on the first trading day of the truncated week. Singapore Exchange Nifty futures, an early indicator of the ...
US lawmakers ask SEC to halt Shein IPO over Uyghur concerns: report
US lawmakers have reportedly asked the US Securities and Exchange Commission to halt Shien's proposed initial public offering until it is able to prove it doesn't use Uyghur forced labor to ...