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Category: FINANCE

Posted on 29/10/2022

Mangrove park with about 8,000 trees to open in Pulau Ubin in 2026

SINGAPORE: The National Parks Board (NParks) and OCBC Bank unveiled plans on Saturday (Oct 29) for 8,000 mangrove plants to "naturally take root" at a site in Pulau Ubin that is currently filled with ... ( read original story ...)

Posted on 29/10/2022

DBS becomes first bank to tap on new digital asset trading solution by SGX Group company

DBS Group Holdings, on Oct 28 ... MaxxDigital by MaxxTrader, a Singapore Exchange (SGX) Group company, is a new digital asset trading solution to trade digital assets with top-tier market makers. ( read original story ...)

Posted on 29/10/2022

Singapore to invest additional S$165 million in food security programme: DPM Heng | Video

A food security programme led by the Singapore Food Agency (SFA) and the Agency for Science, Technology and Research (A*STAR) will receive an additional S$165 million in funding, Deputy Prime Minister ... ( read original story ...)

Posted on 29/10/2022

DBS Group: Perhaps What Peak Bank Valuations Look Like

We model that DBS can continue to deliver Returns on Equity above 11% over the next 10 years as it has done in recent history. Read more here. ( read original story ...)

Posted on 29/10/2022

Singapore Central Bank Chief Urges ‘Balance’ on Currency Defense

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 ...)

Posted on 29/10/2022

Dasmond Koh’s media company NoonTalk Media files for IPO on S’pore stock market

Singapore company NoonTalk Media, headed by veteran actor Dasmond Koh, has applied to be listed on the Singapore Exchange (SGX). NoonTalk is described as a "home-grown media entertainment company that ... ( read original story ...)

Posted on 29/10/2022

Top Stock Market Highlights: Singapore Airlines, Temasek Holdings, Yangzijiang and Cryptocurrencies

We look at two blue-chip companies and the latest security measures imposed on cryptocurrency investments. The post Top Stock Market Highlights: Singapore Airlines, Temasek Holdings, Yangzijiang and ... ( read original story ...)

Posted on 29/10/2022

Get investment tips for 2023 at ST-HSBC event

As investors look back on a turbulent 2022, next year could be a volatile one as well.  Read more at straitstimes.com. ( read original story ...)

Posted on 29/10/2022

UPDATE 1-LMEWEEK-Citi pumps aluminium into LME warehouse system, sources say

Citibank deposited the bulk of aluminium that flowed into the London Metal Exchange's warehouse network earlier in October, two sources with knowledge of the matter said, as higher interest rates cut ... ( read original story ...)

Posted on 29/10/2022

Citi pumps aluminum into LME warehouse system, sources say

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 ...)

Posted on 28/10/2022

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 ...)

Posted on 28/10/2022

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 ...)

Posted on 28/10/2022

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 ...)

Posted on 28/10/2022

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 ...)

Posted on 28/10/2022

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 ...)

Posted on 28/10/2022

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 ...)

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