The bank's earnings beat the $1.74 billion forecast by analysts in a Refinitiv poll. Read more at straitstimes.com.
Govt lifts RE export ban, details yet to be ironed out
The government is lifting an 18-month ban on renewable energy (RE) exports — a move to allow the country to tap the rising demand in Singapore and subsequently accelerate local RE generation capacity.
Singapore bank OCBC posts record Q1 profit, beats expectations
SINGAPORE: Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday (May 10) a better-than-expected 39 per cent jump in first-quarter profit from a year earlier on ...
Olam Agri’s Singapore-Saudi $1.3 billion dual listing may launch as early as June: Sources
The dual IPO in Singapore and Saudi Arabia would make Olam Agri the first company to list in both countries. Read more at straitstimes.com.
Nexus Select Trust REIT IPO:Issue subscribed 28% on Day 1; Non Institutional Investors steal the show; check details
The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share.
Singapore bank OCBC’s Q1 net profit jumps 39% to record $1.42 bln
Singapore's second biggest lender Oversea-Chinese Banking Corp (OCBC) on Wednesday reported a 39% jump in its first-quarter net profit from a year earlier on the back of strong net interest income ...
Constant companion: Our lives with mobile phones
We eat with them. We sleep with them. We carry them everywhere we go, and check them too many times a day to count. As the world celebrates the 50th birthday of the mobile phone, The Straits Times ...
No alarming rise in property-related foreclosures in Singapore; bankruptcy applications ticking up
Bankruptcy applications rose to 959 in the first quarter, higher than the 912 claims made on average in each quarter of 2022. Read more at straitstimes.com. ( read original story ...)
Chinese Exports Cool in Latest Warning Sign on Global Trade
The global slowdown means trade is unlikely to play such a pivotal role in driving China’s economy as it did during the first years of the pandemic.
Billions of Android owners warned of devastating bank-draining mistake after woman ‘loses $20,000 while she slept’
A WOMAN in Singapore has reportedly been swindled out of $20,000 after using a QR code that had been set up by cyber criminals. The woman, in her 60s, scanned a QR code she saw on a sticker in a ...
Singapore taps HSBC, Citi for rigid money laundering controls
Foreign and local banks in Singapore will be required to share information with one another on a digital platform that will make it easier to raise red flags on potential money laundering acts, as the ...
KKR, Macquarie Eyeing Singapore’s Waste Management Firm SembWaste – Sources
Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources. HSBC declined to comment. First-round of ...
Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC, and More
Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period ... ICBC (3.65% p.a.—$500 for 3 months) Citibank (4.00% p.a.—$250,000 for 3 months) HSBC (3.75% p.a.—$30,000 for ...
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023. Singapore has long set its sights on making the crown the world’s greenest city; and its ...
Singapore retail vacancy rates rise for the first time in almost a year
The retail vacancy rate hit 7.6% in Q1. According to a JLL report, URA’s statistics signalled that retailers and investors continue to err on the side of caution amid macroeconomic headwinds ...
Singapore: Jail for tycoon Peter Lim’s former son-in-law for offences linked to illegal gambling activities
Billionaire Peter Lim’s former son-in-law, Kho Bin Kai, will be spending time behind bars after he pleaded guilty to multiple offences including those involving a syndicate linked to illegal gambling ...