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Category: FINANCE

Posted on 08/04/2025

Bank of Singapore pioneers ESG tools for private banking in Asia

By bringing together competitors, regulators and environmental experts, Bank of Singapore has pioneered a transformative approach to sustainable private banking. From conceptualising industry-wide ...

Posted on 08/04/2025

Best Credit Card Promotions in Singapore (Apr 2025): Citibank, DBS, HSBC, UOB, and More

This April, sign up for a credit card and you could walk away with welcome gifts like: 6,140 SmartPoints, which you can redeem for an Apple iPad Wi‑Fi, 10th Generation (worth $499) 160,000 Membership ...

Posted on 08/04/2025

Singapore shares settle lower on Tuesday; STI down 2%, bucks regional indices rebound

The Straits Times Index (STI) settled lower on Tuesday (Apr 8), bucking the rebound across regional indices, with the benchmark index closing down 2 per cent or 71.03 points at 3,469.47. Read more at ...

Posted on 08/04/2025

Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating

SINGAPORE] Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as Trump’s tariffs threaten a global trade war. Read more at The ...

Posted on 08/04/2025

Singapore to Set Up Task Force to Address Economic Uncertainties

Singapore will set up a task force to address economic uncertainties after the U.S. announced plans to impose a reciprocal tariff of 10% on imports from the city-state, Prime Minister Lawrence Wong ...

Posted on 08/04/2025

Here are the top 15 companies in Singapore for career growth

SINGAPORE] LinkedIn on Tuesday (Apr 8) unveiled a list of top 15 employers in Singapore in its 2025 edition, picking companies for their ability to advance employees and grow skills, among other ...

Posted on 08/04/2025

DBS Unveils Merchant Banking Package With Waivers, Cashback for SG60

DBS is stepping up its efforts to support heartland businesses in Singapore with the launch of an enhanced Heartland Merchant Banking Package.

Posted on 08/04/2025

UOB Kay Hian downgrades DBS to ‘sell’, OCBC to ‘hold’; cuts target prices

SINGAPORE] UOB Kay Hian (UOBKH) downgraded Singapore banks DBS and OCBC to “sell” and “hold”, respectively, citing forecasts of higher credit costs and “anaemic” loan growth resulting from US ...

Posted on 08/04/2025

Best Fixed Deposit Rates in Singapore (Apr 2025)—Minimum Deposits From $500, Rates Up To 2.90%

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Posted on 08/04/2025

UOB Kay Hian lowers 2025 STI target to 3,720 with investors ‘liberated’ of profits this year

From a previous year-end 2025 target of 4,115 points, UOB Kay Hian's revised target for the index is now 3,720 points, which is pegged to a PE multiple of 13.4x which is not "view as stretched for a ...

Posted on 08/04/2025

UOB Kay Hian maintains ‘buy’ and $1.76 target price on ComfortDelGro even with Grab’s impending entry as taxi operator

Grab's impending entry as the sixth taxi operator in Singapore is a "slight negative" for ComfortDelGro but UOB Kay Hian analysts Llelleythan Tan Yi Rong and Heidi Mo have kept their "buy" call on ...

Posted on 08/04/2025

Sembcorp and other Asian energy plays are possible trade war ‘shelters’, says HSBC

Sembcorp Industries has been named by HSBC Global Research as one of the "preferred" Asian energy and utilities stocks that are possible "shelter" plays amid the worsening global trade war.

Posted on 08/04/2025

DBS downgrades UOB to ‘hold’, slashes target price by 15% amid trade war concerns

DBS Group Research has downgraded United Overseas Bank (UOB) to “hold” and maintained the same rating on Oversea-Chinese Banking Corporation (OCBC) amid trade war concerns. DBS analyst Lim Rui Wen ...

Posted on 08/04/2025

Trump’s tariffs: what are Singapore’s possible options in responding?

Singapore applies zero tariffs on US products, as long as they qualify as originating goods under the FTA’s rules of origin. The exception is for Singapore’s goods and services tax, which applies to ...

Posted on 08/04/2025

Japan, Singapore central banks adjust strategy in response to Trump tariffs

Due to the recent tariffs imposed by the U.S. government, central banks in Singapore and Japan are adjusting their strategies and policies to prepare for the economic impact. Ministers of the European ...

Posted on 08/04/2025

UOB One Account Nerfed, Down to 3.3% From 4%—Which Savings Accounts Will Earn You More?

The UOB One account is getting nerfed—again. The UOB One account will now earn you a maximum effective interest rate (EIR) of 3.30% p.a., down from 4% p.a., which was in turn down from 5% p.a. Here's ...

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