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Category: FINANCE

Posted on 14/09/2023

OCBC Wisma Atria turns one, reports seven times higher card applications than regular banking branches

OCBC Wisma Atria, the bank’s largest integrated lifestyle and banking branch, has seen twice the number of account openings for the bank’s flagship OCBC 360 savings account and seven times more credit ...

Posted on 14/09/2023

Singapore stocks rise as US inflation data stays within expectations; STI up 1%

THE Straits Times Index (STI) rose 1 per cent, or 30.58 points, to 3,249.51 amid a regional rally on Thursday (Sep 14). Read more at The Business Times.

Posted on 14/09/2023

DBS chief says China pessimism not ‘overdone’, upbeat about India

DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India, where the bank plans to triple its business in the next ...

Posted on 14/09/2023

MOM officer gets 5 weeks’ jail for asking former DBS employee to find out his ministry colleagues’ salaries

Curious about his own standing relative to his colleagues at the Ministry of Manpower, a man reached out to a former co-worker at DBS to help him to find out their salary details by conducting an ...

Posted on 14/09/2023

Singapore reaping rising investment from India, China, Southeast Asia – official

Singapore has seen increasing investments from India, China, and Southeast Asia in recent years even as the U.S. remains its largest investor, its investment chief said on Thursday.

Posted on 14/09/2023

UOB Kay Hian keeps ‘buy’ on CDL Hospitality Trusts with lower TP of $1.48

Analyst Jonathan Koh says the REIT will benefit from increased contributions from Grand Copthorne Waterfront Hotel in 2HFY2023.

Posted on 14/09/2023

DBS chief says China pessimism not ‘overdone’ but upbeat about India prospects

DBS Group chief executive Piyush Gupta said current widespread pessimism about China’s economy was not “overdone” but he was upbeat about India, where the bank plans to triple its business in the next ...

Posted on 14/09/2023

DBS chief says wealth management business benefiting from inflows

DBS Group's wealth management business has benefited from inflows from across Asia, the Middle East and European regions recently, Chief Executive Piyush Gupta said on Thursday.

Posted on 14/09/2023

MOM officer gets jail for illegally obtaining co-workers’ salary details through ex-colleague from DBS

SINGAPORE: A Ministry of Manpower (MOM) officer who had asked an ex-colleague from DBS Bank to access the salary information of MOM colleagues was jailed for five weeks on Thursday (Sep 14).

Posted on 14/09/2023

Singapore businesses continue to face challenges from elevated wage cost pressures: DBS

This is on the back of a tight labour market spurred by the post-pandemic recovery and competition for talent.

Posted on 14/09/2023

Singapore’s Bayfront prices $410 million infrastructure asset-backed securities

(Reuters) - Singapore-based Bayfront Infrastructure Management has ... it added. Asian Infrastructure Investment Bank (AIIB), one of the world’s largest multilateral development institutions, ...

Posted on 14/09/2023

Tiger Brokers affiliate, Tiger Fund Management, launches in Singapore with $300 mil AUM

Tiger Fund Management will offer asset management products and wealth management services to individuals and businesses.

Posted on 14/09/2023

Singapore’s central bank imposes 9-year ban on Three Arrows founders

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has imposed nine-year prohibition orders on Kyle Davies and Zhu Su, co-founders of the crypto hedge fund Three Arrows Capital (3AC) ...

Posted on 14/09/2023

Singapore Central Bank Bans Zhu, Davies Over Three Arrows

Singapore’s central bank imposed nine-year prohibition orders on Su Zhu and Kyle Davies for transgressions at their collapsed crypto hedge fund Three Arrows Capital.The orders from the city-state’s ...

Posted on 14/09/2023

RIL shares in focus on report Reliance Retail in talks with Gulf, Singapore funds for $1.5 billion investments

Reliance Industries this week said global investment firm KKR, through an affiliate, will invest Rs 2,070 crore into RRVL and increase its stake to 1.42 per cent. The investment valued RRVL at a ...

Posted on 14/09/2023

SGX total securities market down by 2.88% y-o-y to $23.6 bil in August

For the first eight months of the year, the STI’s total return stands at 3.8%. The Singapore stock market saw net institutional inflow of $408 million and net retail inflow of $600 million in August.

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