The shares were sold a day after DBS reported a record $2.69 billion in second quarter net profit. Read more at straitstimes.com.
Oil prices steady as China import decline offsets supply concerns
Oil prices were little changed on Tuesday after China reported a sharp monthly drop in imports in July, which reinforced demand fears, though that was offset by supply concerns from Saudi Arabian and ...
Analysts split on OCBC following 1HFY2023 results, with target prices ranging from $12.70 to $14.96
OCBC guides for the project revenue inflow in FY2023, FY2024 and FY2025 to be split at $500 million, $1 billion and $1.5 billion.
OCBC prices S$550 million perpetual capital securities at 4.5%
OCBC has priced S$550 million in perpetual capital securities at 4.5 per cent per annum, first callable in 2029. Read more at The Business Times.
Singapore banks look to wealth segment, interest margins growth after strong Q2 results
SINGAPORE’S local banks retained resilient results for the second quarter of 2023 as they continued to benefit from higher net interest income due to high interest rates. Read more at The Business ...
Blockchain.com scores payment license from Singapore central bank
Crypto exchange Blockchain.com has been granted a payments license from Singapore's central bank — the Monetary Authority of Singapore (MAS).
Can Hong Kong follow Singapore’s statutory master plan for development? Architect of island state says city can keep golf courses under such a blueprint
Liu Thai Ker, 85, ex-CEO of Singapore's Urban Redevelopment Authority, tells Post a plan based on population projection could set out land use for next half-century But critic says both jurisdictions ...
Singapore Stock Market May Build On Monday’s Gains
The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had dropped almost 80 points or 2.6 ...
Couple arrested in Singapore for allegedly taking videos at police station, posting them on social media
A couple was arrested after they allegedly made video recordings of a police station along New Bridge Road and posted them on social media. In a ...
With Singapore rail link on the way, Johor Bahru properties in hot demand
KUALA LUMPUR] The number of property transactions in Johor Bahru – the southernmost city in Malaysia – is on the rise, as buyers hunt for deals ahead of the opening of a new railway shuttle link with ... ( read original story ...)
Singapore Red Cross embraces crypto donations in partnership with Triple-A
Singapore Red Cross, a renowned humanitarian organization, has taken a progressive step by incorporating cryptocurrency as an accepted form of donation. This initiative was launched on August 7 in ...
Scandals in Squeaky Clean Singapore? It’s All History
A string of embarrassing disclosures has leaders on the defensive. They have little choice but to grin and bear it.
Singapore’s MAS To Boost Fintech With New Investment Commitment: Will It Pay Off?
The Monetary Authority of Singapore (MAS) has pledged to invest up to S$150 million over the next three years to bolster technology and innovation within the financial sector.
Singapore’s $150M pledge to transform FinTech landscape
Singapore has firmly established itself as a thriving hub ... to the tokenization of assets and the implementation of institutional-grade Decentralized Finance (DeFi) protocols. This collaboration ...
Singapore commits 112.5 mln USD for technology, innovation in financial sector
SINGAPORE, Aug. 7 (Xinhua) -- Monetary Authority of Singapore (MAS) on Monday announced that it will commit up to 150 million Singapore dollars (about 112.5 million U.S. dollars) over three years ...
Singapore commits $112M to support fintech solutions like Web3
The Monetary Authority of Singapore also highlighted that the new scheme will continue to support the adoption of artificial intelligence and data analytics. ( read original story ...)