The Monetary Authority of Singapore (MAS) is set to invest around $110 million (150 million Singaporean dollars) in FinTech, with plans to help fund emerging technology like Web3.
Singapore affluent investors most optimistic in Asia despite global volatility: survey
Despite immense global market volatility, affluent investors in Singapore are the most optimistic in Asia, according to the Future of Wealth report commissioned by Bloomberg Media.
OCBC to offer same-day digital invoice financing to SMEs in tie-up with Sesami
SMALL and medium-sized enterprises (SMEs) that transact with the government using InvoiceNow on e-procurement platform Sesami will, from October, be able to receive same-day loan approvals through ...
Singapore’s political scandals could hurt, but not too much
No system is perfect. When you pride yourself on cleanliness, you need to deal with the blowback when stains appear. But by global benchmarks, the scandals that have caused embarrassment to the ...
National Day campaigns and activations we loved in 2023
This National Day, POSB highlights Singapore’s tight-knit culture by reminding Singapore to acknowledge the neighbors and neighborhoods that make Singapore what it is today in a film titled ‘Just Next ...
DBS CEO Piyush Gupta sells $3.4 million worth of shares in bank
The shares were sold a day after DBS reported a record $2.69 billion in second quarter net profit. Read more at straitstimes.com.
Analysts split on OCBC following 1HFY2023 results, with target prices ranging from $12.70 to $14.96
OCBC guides for the project revenue inflow in FY2023, FY2024 and FY2025 to be split at $500 million, $1 billion and $1.5 billion.
OCBC prices S$550 million perpetual capital securities at 4.5%
OCBC has priced S$550 million in perpetual capital securities at 4.5 per cent per annum, first callable in 2029. Read more at The Business Times.
Singapore banks look to wealth segment, interest margins growth after strong Q2 results
SINGAPORE’S local banks retained resilient results for the second quarter of 2023 as they continued to benefit from higher net interest income due to high interest rates. Read more at The Business ...
Singapore’s MAS To Boost Fintech With New Investment Commitment: Will It Pay Off?
The Monetary Authority of Singapore (MAS) has pledged to invest up to S$150 million over the next three years to bolster technology and innovation within the financial sector.
Singapore’s $150M pledge to transform FinTech landscape
Singapore has firmly established itself as a thriving hub ... to the tokenization of assets and the implementation of institutional-grade Decentralized Finance (DeFi) protocols. This collaboration ...
China or India? How to invest in the coming Asia boom
China is the world’s second-largest economy, featuring a massive consumer market and advanced manufacturing. India has friendlier relations with the West and a young workforce. Its economy is ...
Retail investors are getting bullish on the Singapore stock market: Moomoo Singapore
According to Moomoo Singapore, 70% of survey respondents think they will trade Singapore stocks in the next six months.
Guide To Buying US T-Bills For Singapore Investors
In July 2023, the US Federal Reserve raised benchmark interest rates to the 5.25%-5.50% level. This was the 11th rate hike in under 18 months – driving up interest rates up from the 0.25% to 0.50% ...
Parallels between Grand Slam tennis and the Singapore stock market
I tuned in to some Grand Slam tennis, the French Open, on television. Even though it was the latter stage of the tournament, when matches are expected to be more exciting and stakes higher, the ...
Up to S$130 cash reward & other perks from DBS/POSB for NSFs
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.