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Category: FINANCE

Posted on 20/03/2023

President Halimah calls for continued close economic partnerships between Singapore and Malaysia

The two nations can promote sustainable development, spur technological breakthroughs and create good jobs, she said. Read more at straitstimes.com.

Posted on 20/03/2023

Singapore stocks fall on banking sector uncertainty; STI down 1.4%

SINGAPORE - Local shares tumbled on Monday, as dark clouds over the banking sector in the United States and Europe contributed to a sea of red across key Asian markets. Read more at straitstimes.com.

Posted on 20/03/2023

DTGO said to weigh Singapore REIT IPO for $609 million UK assets

Thai conglomerate DTGO Corp is weighing listing its UK hospitality assets via a real estate investment trust in Singapore as soon as next year, according to people with knowledge of the matter.

Posted on 20/03/2023

‘Cosmic’ platform mooted for financial institutions to share suspicious customer information

To thwart financial criminals who avoid detection by making illicit transactions across an ever-shifting web of accounts, the Monetary Authority of Singapore (MAS) has mooted a secure digital platform ...

Posted on 20/03/2023

MAS to set up information-sharing platform to combat money laundering under new Bill

Bill was introduced in Parliament on Monday (Mar 20) to provide for information sharing when combating illicit financial activities. Read more at The Business Times.

Posted on 20/03/2023

Shocked Credit Suisse staff in Singapore, Hong Kong fret about retrenchments

SINGAPORE/HONG KONG – Credit Suisse staff arriving to work in Hong Kong and Singapore on Monday (March 20) morning fretted about retrenchments and retaining business after Swiss rival UBS agreed to ...

Posted on 20/03/2023

What sets Singapore banks apart from Credit Suisse: Phillip Securities

PHILLIP Securities said it remains positive on Singapore banks despite the recent collapse of Swiss banking giant Credit Suisse, resulting in a government-brokered takeover by rival UBS. Read more at ...

Posted on 20/03/2023

Invest Talk Podcast: Stability, growth in Singapore and regional markets amid global uncertainties

Why Singapore's market is great for dividend yields, and listen to top regional stock picks. Read more at straitstimes.com.

Posted on 20/03/2023

Stock Market Live: Sensex and Nifty 50 poised for a negative start, Asian indices in the red

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open lower on the first trading day of the week tracing global cues. Singapore Exchange Nifty futures, an early indicator of the ...

Posted on 20/03/2023

Stock Market Live Updates: Sensex tanks over 500 pts, Nifty below 17,000; TCS drops 3%, Infy 2%

The boost to India’s macros arising from reduction in trade deficit and big decline in Brent crude to $73 are positives from the market perspective. - Dr. V K Vijayakumar, Chief Investment Strategist ...

Posted on 20/03/2023

Singapore and Hong Kong vie to be the Caymans of Asia

The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres ...

Posted on 20/03/2023

MAS: Credit Suisse to continue operating without interruption in Singapore following UBS rescue

The UBS takeover of Credit Suisse is not expected to have an impact on the stability of Singapore’s banking system, with the latter to continue operating in Singapore without interruptions and its ...

Posted on 20/03/2023

OCBC Bank launches new net-zero-aligned loan for corporates

The new financing solution, named the OCBC 1.5°C loan, provides incentives for corporates to set and work towards clear carbon emissions reduction targets aligned with internationally recognised, ...

Posted on 20/03/2023

Govt measures on property market ‘not a worry for now’ though demand is softening: DBS

DBS analysts believe demand is likely to taper off in 2023 with the natural cooling effect from a rise in mortgage rates.

Posted on 20/03/2023

Singapore Central Bank Says No Interruption to Credit Suisse Operations

Singapore's central bank said Credit Suisse Group would continue operating in the city-state without any curbs, adding that it expected no impact of the Swiss bank's takeover by UBS Group on the ...

Posted on 20/03/2023

Singapore, Hong Kong downplay Credit Suisse turmoil as stocks dip

Financial authorities in Asia have moved to downplay the local impact of the turmoil at Credit Suisse, saying they do not expect the takeover of the troubled Swiss bank to affect the stability of ...

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