Citibank declined to comment. LME aluminum stocks in Port Klang, at 381,425 tonnes on Oct 19, were more than double the level seen on Oct. 10, while those in Singapore jumped 24% to 118,550 tonnes ... ( read original story ...)
UOB Q3 profit jumps 34% to record $1.4b, sending banks’ shares rallying
The number easily topped estimates of $1.19 billion by analysts polled by Bloomberg. Read more at straitstimes.com. ( read original story ...)
UOB wins appeal against developer Lippo over inflated purchase prices of Sentosa Cove condo
UOB lost a large amount of money after it financed more than 100 per cent of the purchase prices of high-end apartments. Read more at straitstimes.com. ( read original story ...)
UOB Reports Record Net Profit of S$1.4 Billion: 5 Highlights from the Bank’s Latest Earnings
The bank enjoyed a strong boost to its net interest income from higher interest rates. The post UOB Reports Record Net Profit of S$1.4 Billion: 5 Highlights from the Bank’s Latest Earnings appeared ... ( read original story ...)
DBS’ Piyush Gupta explains how the bank deals with digital trust in an era of deep fakes and misinformation
In an exclusive interview with CNA’s Asia First, Mr Gupta spoke about the challenges of tackling cybersecurity and privacy, and establishing trust in the digital world. ( read original story ...)
Inflation outlook remains stable despite pressures from global energy crisis, wage demands: DBS chief
In an exclusive interview with CNA’s Asia First, DBS CEO Piyush Gupta says there will be an impact on demand if the Fed raises rates to 5 per cent. ( read original story ...)
Singapore retreat from retail crypto opens way for rivals
SINGAPORE: Asia may be heading for a reordering of sorts in cryptocurrency markets, with Hong Kong moving to legalize retail trading of digital tokens just as Singapore looks to impose fresh ... ( read original story ...)
Singapore Retreat From Retail Crypto Sector Opens Way for Rivals
Asia may be heading for a reordering of sorts in cryptocurrency markets, with Hong Kong moving to legalize retail trading of digital tokens just as Singapore looks to impose fresh restrictions on ... ( read original story ...)
Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade mixed
Nifty futures on the Singapore Exchange traded 49.5 points, or 0.28 per cent, higher at 17,852, signaling that Dalal Street was headed for a positive start on Friday. As Nifty ended the monthly F&O ... ( read original story ...)
Singapore’s UOB defies investment banking slump
SINGAPORE: United Overseas Bank Ltd (UOB) said a boost from debt underwriting in local currencies across South-East Asia is helping it ride out a wider slump in bond issuance that’s weighing on global ... ( read original story ...)
UOB Profit Tops Estimates on Interest Income, Lower Charges
United Overseas Bank Ltd.’s profit topped estimates in the third quarter, driven by higher lending revenue.Most Read from BloombergMark Zuckerberg’s Wealth Wipeout Hits $100 Billion as Meta Misses ... ( read original story ...)
Southeast Asia’s digital economy still a ‘hotbed’ for investments despite global headwinds slowing growth
A report from Google, Temasek and Bain & Company said Singapore and Indonesia remained red-hot investment destinations, with regional online spending economy set to hit US$200 billion this year. ( read original story ...)
Singapore: Industrial Production surprised to the downside – UOB
Senior Economist at UOB Group Alvin Liew reviews the latest industrial production figures in Singapore. Key Takeaways “Singapore’s Sep industrial production (IP) came in below ... ( read original story ...)
Singapore Wants Consumers to take Risk test before Buying Crypto, Might Ban Borrowing to Fund Crypto Purchases
Singapore is tightening its oversight over the cryptocurrency space to introduce better investor protection measures. ( read original story ...)
Singapore’s central bank chief urges ‘balance’ in currency defence
Southeast Asia has done a “decent job” of allowing markets to absorb some shocks from an aggressive US monetary tightening while ensuring that currency weakness doesn’t spiral out of control, ... ( read original story ...)
The new brand of personalisation that’s shaping Citi’s digital banking journey
Customers want options, but curate it–don’t just offer it, says Citibank’s Nilesh Kumar. The word personalisation gets thrown around a lot when it comes to digital banking. With 80% of their customers ... ( read original story ...)