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Singapore bank OCBC raises 2023 target, third-quarter net profit beats forecast
SINGAPORE: Singapore's second largest bank Oversea-Chinese Banking Corp (OCBC) raised its targeted 2023 net interest margin, a key profitability gauge, after posting on Friday (Nov 10) a ...
OCBC Q3 profit up 21% to $1.81 billion amid record net interest income
Nine-month earnings rose 32 per cent to $5.4 billion, the first time it crossed $5 billion for the period. Read more at straitstimes.com.
Singapore shares fall at Friday’s open; STI down 0.6%
SINGAPORE shares began trading in negative territory on Friday (Nov 10) to track overnight losses on Wall Street. Read more at The Business Times.
OCBC reports 3QFY2023 net profit of $1.81 bil; 9MFY2023 net profit at new high of $5.4 bil
Oversea-Chinese Banking Corporation (OCBC) has reported a net profit of $1.81 billion for the 3QFY2023 ended Sept 30, 21% higher y-o-y and 6% up q-o-q. This brings the bank’s net profit for the ...
UOB staff foil scammer who went with 80-year-old victim to bank branch to withdraw $40k
It turned out that elderly woman had been a victim of a government officials impersonation scam. Read more at straitstimes.com.
Bebe Rexha Is Sensational in Black Swimsuit While in Singapore
Singer-songwriter Bebe Rexha is soaking up the sun on vacation in Southeast Asia, and we’re officially envious of her incredible-looking trip. The 34-year-old shared an Instagram carousel of snapshots from Singapore on Nov.
Singapore’s homeownership rate is 80%. Could an innovative solution there work in Hawaii?
Hawaii lawmakers and housing advocates hungry for new solutions are looking to the Southeast Asian city-state for some potential answers. ( read original story ...)
PM Lee: Johor-Singapore Special Economic Zone is “substantial and promising project”
SINGAPORE: A joint special economic zone between Singapore and the state of Johor (JS-SEZ) is in its planning stages, with the signing of a memorandum of understanding (MOU) eyed by the beginning of ...
Singapore’s Grab Hits Adjusted Profit, Decade After Founding
Grab Holdings Ltd. posted its first-ever profit on adjusted basis, a milestone for the decade-old Southeast Asian ride-hailing and food delivery company trying to convince investors of its earnings ...
Over 4,600 cases of duty and GST evasion at Singapore land checkpoints in first 10 months of 2023
Nearly S$14,200 in duties and GST was recovered and over S$1.4 million (US$1.03 million) in penalties was imposed.
Singapore to Amend Free Trade Zones Act, Strengthening Powers to Tackle Illegal Trade
Singapore Parliament has proposed a bill to amend the 1966 Free Trade Zones (FTZ) Act and make related changes to the 1960 Customs Act.
Vaccine-maker Hilleman opens S$27m plant in Singapore to bolster pandemic preparedness
A LARGE-SCALE manufacturing facility that develops affordable vaccines in Singapore for common diseases and can easily switch to production of new vaccines for the next pandemic, was officially opened ...
Singapore as a global fintech hub – an unstoppable trend
Singapore has an ecosystem of more than 1,440 fintechs and 40 innovation labs dedicated to financial services.
Chinese firms are increasing diversification outside of China, says HSBC CEO
Diversification away from China is increasing, and it doesn’t just affect foreign companies, according to HSBC CEO Noel Quinn.
Standard Chartered’s venture arm to set up crypto fund in UAE
The Digital Asset Joint Venture will not limit itself to the regional market but “explore the emerging digital asset ecosystem opportunities globally.” ...