In a July 29 note, CGS-CIMB Research analysts Andrea Choong and Lim Siew Khee are maintaining “add” on UOB with a target price of $35.60. “Net interest margin (NIM) expansion remains UOB’s key ... ( read original story ...)
Inflation in Singapore Is Hitting Households Harder, DBS Says
The global inflation wave that has crashed onto Singapore’s shores is hitting households harder as they pile up more expenses while incomes aren’t keeping up. ( read original story ...)
DBS raises interest rates on its flagship savings account
Multiplier customers can now earn a maximum of 3.5 per annum, up from 3 per cent previously, for balances of over $50,000. Read more at straitstimes.com. ( read original story ...)
Cities like Singapore should continue to stay open to investments and talent, key to progress: Teo Chee Hean
SINGAPORE: Cities like Singapore should continue to stay open to investments and talent from around the world, Senior Minister Teo Chee Hean said on Monday (Aug 1). Speaking at this year's World ... ( read original story ...)
5 Things You Can Do With OCBC Pay Anyone That You (Probably) Never Knew You Could With A Cashless Lifestyle Payment App
This article was written in collaboration with OCBC. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research. DollarsAndSense.sg is not liable for ... ( read original story ...)
Investment sales for properties could exceed $30b: report
Investors seek to field capital whilst inflation keeps rising. Even if interest rates are increasing, investment transactions for Singapore property are expected to surpass $30b, revealed Cushman & ... ( read original story ...)
Top Singapore REITs unscathed by rising interest rates
Improving net operating income will help them mitigate costs. The improving net operating income of the most rated Singapore real estate investment trusts (Reit) will help them cushion the increasing ... ( read original story ...)
Monetary Authority of Singapore and International Financial Services Centre Authority Exchange MoU
The International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) recently exchanged an MoU. ( read original story ...)
Singapore’s GIC chief warns inflation headwinds put 40 years of gains at risk
Singapore’s GIC Pte Ltd’s top executive is warning that inflationary headwinds risk unwinding the sovereign wealth fund’s gains over the last 40 years, and that portfolio diversification will be more ... ( read original story ...)
What does it take to clean the world’s largest dome? Men suspended by ropes
Singapore’s National Stadium has hosted many events, from football matches to concerts. How many times, though, has its iconic dome been cleaned since it was built? CNA Insider gets access to what is ... ( read original story ...)
Night Time Is The Right Time To Rediscover Singapore
As part of My Community Festival 2022, find out what contributes to the hustle and bustle throughout the night while most of Singapore is usually asleep. ( read original story ...)
StanChart unveils $500 million share buyback as rising rates boost H1 profit
Standard Chartered reported first-half pre-tax profit rose 19 per cent, above market expectations, as the emerging markets-focused lender benefitted from rising interest rates and gave an upbeat ... ( read original story ...)
UOB posts 11% rise in Q2 net profit
SINGAPORE: Singapore's smallest listed lender, United Overseas Bank (UOB), reported a rise of 11 per cent in second-quarter profit, supported by a strong improvement in net interest income amid ... ( read original story ...)
StanChart cheers investors with $500 million share buyback, 19% profit jump
Standard Chartered's first-half pre-tax profit rose 19% and beat market expectations, as the emerging markets-focused lender benefitted from rising interest rates and issued an upbeat post-COVID ... ( read original story ...)
Standard Chartered shares jump on big profit increase! Should I buy or am I too late?
Standard Chartered said Hong Kong — its biggest market — showed resilience during the first half despite Covid-19 restrictions. Total income fell 5% in Hong Kong, compared with a 10% rise in Singapore ... ( read original story ...)
Credit Suisse Woes Spread to Singapore With $800 Million Trial
Credit Suisse Group AG’s legal battle with billionaire client Bidzina Ivanishvili has spread to Singapore as the Georgian gears up for trial with a unit of the Swiss lender over what he claims are ... ( read original story ...)