Head of Research at UOB Group Suan Teck Kin, CFA, and Senior FX Strategist Peter Chia review the latest decision by the MAS. Key Takeaways “The Monetary Authority of Singapore ( ... ( read original story ...)
Abu Dhabi’s Injazat signs initial pact with Singapore’s trade tech body
Injazat, a technology company that is part of Abu Dhabi’s G42, has signed a preliminary agreement with Singapore’s tech trade association SGTech to collaborate on technology sharing and forging new ... ( read original story ...)
UOB raises fixed deposit rates, nearing Nov 1998 peak of 3.11%
In a statement on Oct 3, UOB claims these are the highest rates among the three local banks. To enjoy UOB’s promotional rates, customers must deposit fresh funds of at least $20,000. For its more ... ( read original story ...)
Lee exits from Standard Chartered
Valerie Lee, head of debt syndicate for Asean and south Asia at Standard Chartered, has left the lender, GlobalCapital Asia understands. Her last day with the bank was on1. Singapore-based Lee is ... ( read original story ...)
DBS joins LCH’s SwapClear service in Singapore
By joining SwapClear as a direct member, DBS will be able to post Singapore government bonds as collateral, marking the first time a global offshore clearing house has accepted this asset class as ... ( read original story ...)
Singapore-based insurtech company secures Series B investment led by Tokio Marine
Singapore-based insurtech company, bolttech, says it has secured its Series B investment on Oct 17. The round was led by Tokio Marine, which invested US$50 million ($71.3 million) in the round. The ... ( read original story ...)
Stock Market LIVE updates: Nifty and Sensex likely to make a gap-down start today amid negative global cues
Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-down start on Monday tracking weak global cues across global markets. Singapore Exchange Nifty futures, an early indicator ... ( read original story ...)
Singapore unveils industry guidelines for sustainable private banking
The industry group sustainability taskforce has also developed a training benchmark. The Association of Banks in Singapore (ABS) has launched the ABS Sustainable Private Banking and Wealth Management ... ( read original story ...)
Oversold Singapore Bourse Expected To Open Lower Again
The Singapore stock market has finished lower in seven straight sessions, sinking more than 110 points or 3.6 percent to a fresh 19-month closing low. The Straits Times Index now rests just beneath ... ( read original story ...)
Singapore digital wealth start-up Endowus buys Hong Kong’s Carret Private
Together, they will serve tens of thousands of clients with assets of more than $4 billion. Read more at straitstimes.com. ( read original story ...)
2022 a difficult year for IPOs as recession looms and growth prospects fade
High inflation and rising interest rates have resulted in slower growth, experts said. Read more at straitstimes.com. ( read original story ...)
Why 2022 is still a robust year for Singapore property investment despite slowdown
The total investment volume so far this year is already 3% higher than 2021 levels. According to a Cushman and Wakefield report, Singapore's real estate market has attracted around $26.9b in ... ( read original story ...)
Blockchain.com Receives In-Principle Approval from Monetary Authority of Singapore
Blockchain.com secured "an in-principle approval for the Major Payment Institution License offering Digital Payment Token services" in Singapore. ( read original story ...)
Singapore avoids technical recession, economy beats forecast to grow 4.4% in Q3
Analysts expect the economy to weaken in the fourth quarter, and for 2023 to see "below trend growth". Read more at straitstimes.com. ( read original story ...)
Hong Kong undaunted by Singapore rivalry as mainland support gives city unique advantage, treasury chief says
Hong Kong remains undaunted by growing competition with Singapore as support from mainland China gives the city a unique advantage and makes it stand out as an international economic hub, a top ... ( read original story ...)
Singapore tightens policy, warns of risks as GDP growth predicted to come in below trend in 2023
Singapore’s central bank tightened monetary policy settings for a fifth time in the past year, warning of persistent price pressures and a clouded outlook for the global and local economy. ( read original story ...)