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Category: FINANCE

Posted on 09/01/2023

Plantation sector likely to be less volatile in 2023: UOB Kay Hian

UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yow are maintaining their “market weight” rating on the plantation sector, expecting it to be less volatile in 2023 compared to last year. In their ...

Posted on 09/01/2023

Jack Ma is giving up control of Ant. What does that mean for Ant’s IPO reboot?

The next big question for Ant is whether it will get another chance at going public now that billionaire Jack Ma, China’s most-famous entrepreneur, is ceding control. 1. What would need to happen for ...

Posted on 09/01/2023

Digital vs. Conventional Banks: Benefits of Digital Banking

Digital banks are new in Singapore, learn the differences between digital and conventional banks. Which banks are you available locally right now?

Posted on 08/01/2023

Chinese New Year 2023 takeaways: Lo Hei, pen cai and sweet treats to enjoy at home

With restriction-free celebrations in 2023, there is no time like Chinese New Year to bring your A-game.Between selecting the right cheongsam, packing red envelopes, and the holiday arriving earlier ...

Posted on 08/01/2023

Second teen pleads guilty to part involvement in OCBC phishing scam totalling S$12.8 million in losses

A 19-year-old man on Wednesday (Jan 4) admitted to his involvement in a spate of high-profile phishing scams affecting OCBC bank.

Posted on 07/01/2023

Japan finance minister to visit Singapore, Vietnam next week

Japanese Finance Minister Shunichi Suzuki is set to visit Singapore and Vietnam to meet high government officials from Jan. 10-13, the Ministry of Finance said on Friday.

Posted on 07/01/2023

Singapore-based Ohmyhome to offer 3.25 million shares in IPO, priced at $4 to $5 each

Ohmyhome Ltd. a Singapore-based company that calls itself a property technology provider, set terms for its initial public offering on Friday with plans to offer 3.25 million shares, priced at $4 to ...

Posted on 07/01/2023

Scam scourge here to stay, other countries learning from Singapore’s anti-scam approach: Police

The banks are CIMB, DBS, HSBC, OCBC, Standard Chartered and UOB. This arrangement is a highly uncommon one, known to exist only in Singapore and one other law enforcement agency, said DAC Yap. Another ...

Posted on 07/01/2023

Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens

A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens. On Oct. 26, Singapo ...

Posted on 07/01/2023

Olam Agri picks banks for US$1 billion Singapore listing

Olam Group has picked banks to lead a planned Singapore listing of its agribusiness unit that could raise as much as US$1 billion, people familiar with the matter said.

Posted on 07/01/2023

StanChart to join other banks in hiring in S’pore even as Wall Street culls staff

It will be hiring around 1,800 people here, in areas such as relationship management, sustainable finance and app development. Read more at straitstimes.com.

Posted on 06/01/2023

StanChart to hire 1,800 staff in S’pore as banks here grow workforces despite Wall Street lay-offs

Standard Chartered is the latest bank in Singapore to launch a recruitment drive amid a sector-wide hiring spree. Read more at straitstimes.com.

Posted on 06/01/2023

River Hongbao returns as organisers prepare for record number of visitors

Organisers of the River Hongbao event are preparing for a record turnout as this year’s edition gets a boost from the removal of pandemic restrictions. The nine-day event at Gardens by the Bay from ...

Posted on 06/01/2023

Standard Chartered faces fresh questions after report of Middle East bank’s takeover bid

STANDARD Chartered’s Bill Winters wanted to mark the start of 2023 “with a little kindness”, he said on LinkedIn, but instead finds himself in the middle of a fresh debate about the emerging-market ...

Posted on 06/01/2023

Singapore banks continue to gain from high interest rates, new Asean supply chains: UOB Kay Hian

In particular, OCBC and UOB will benefit from reorientation of supply chain towards Asean countries, says one analyst.

Posted on 06/01/2023

Commentary: The politics of inflation in 2023 and what it could mean for Singapore

Columbia University economic historian Adam Tooze popularised “polycrisis” to describe the multiple global crises confronting the world simultaneously on an almost unprecedented scale in 2022.

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