THE raising of deposit caps for digital banks is unlikely to impact the profitability of Singapore’s trio of local banks – DBS, UOB and OCBC, Fitch Ratings said in a report on Sunday (Jul 23). Read ...
Senior Banking Leaders Set to Gather at MoneyLIVE Asia This September
MoneyLIVE Asia will be held at the Marina Bay Sands, Singapore this 12-13 September 2023 to unite some of the most innovative banking and payments leaders from across Asia. At the event, industry ...
OCBC appoints Mike Ng as its first chief sustainability officer
Ng was appointed OCBC's head of sustainability office in the bank’s global wholesale banking unit in June 2022.
Singapore banks’ loan growth, fee income ‘largely weak’; DBS urges ‘hold’ before 2QFY2023 results
UOB is set to announce its results for 1HFY2023 on July 27, while DBS and OCBC will follow on Aug 3 and Aug 4 respectively.
Personal ‘microgyms’ are swamping Singapore. Will they come here?
Tiny gyms with a treadmill, weights and equipment for one all packed into what look like shipping containers are popping up all over Singapore. How long before they come to Australia?
Singapore shares muted at open after global markets end mostly higher
SINGAPORE stocks opened muted on Tuesday (Jul 25) after stock markets in the United States and Europe closed mostly higher with the approach of the earnings results season. Read more at The Business ...
Singapore Bourse Called Rangebound Again On Tuesday
The Dow jumped 183.55 points or 0.52 percent to finish at 35,411.24, while the NASDAQ rose 26.06 points or 0.19 percent to close at 14,058.87 and the S&P 500 added18.30 points or 0.40 percent to end ...
Singapore’s Keppel, HSBC sign agreement for decarbonisation solutions
Singapore's Keppel Corporation said on Tuesday it signed an agreement with HSBC for pursuing energy transition opportunities aimed at reducing emissions in Greater Bay Area and across Asia.
Concert tickets, vacuum cleaners and more: Will credit card sign-up incentives help banks retain customers?
While giving away freebies may increase initial customer acquisition, this is not sustainable in the long run, says a marketing expert.
Singapore banks Q2 performance to be weighed down by higher costs, weaker loans: Analysts
Earnings for the three banks are expected to peak in 2023 as loan growth tapers off and costs rise, say analysts. Read more at straitstimes.com.
DBS downgrades Grab to ‘fully valued’ on ‘structural challenges’
DBS Group Research analyst Sachin Mittal has downgraded NASDAQ-listed Grab to “fully valued” from “hold” previously as he sees the company facing a dilemma between focusing on growth or its ...
Five Crypto-Friendly Countries Where Spending Your Crypto Is Fun
As the world witnesses a rapid evolution in financial systems and technological advancements, the adoption of cryptocurrencies has become a significant trend in numerous countries. Bitcoin, being the ...
In Singapore, 600 suspected scammers and money mules assisting police probe into 2,600 cases involving losses of over S$21m
A total of 421 men and 203 women, aged between 16 and 71, are assisting the police in probes related to more than 2,600 cases of scams that resulted ...
Isro to launch Singapore satellite, six others on July 30
Amid the ongoing Chandrayaan-3 mission, Isro is also gearing up to launch the PSLV-C56 rocket that will carry a Singapore satellite (DS-SAR), along with six co-passenger satellites, from the first ...
Singapore banks’ Q2 to be weighed down by higher costs, weaker loans: analysts
ANALYSTS across the board are once again expecting a weaker quarterly performance from the trio of local banks in their upcoming Q2 update, amid a continued rise in costs and provisions. Read more at ...
Extreme weather: Here’s how Singapore plans to battle health risks due to climate change
Singapore — located close to the equator with average monthly maximum temperatures of 31-32C (88-90F) — recorded its hottest day in four decades in May with a reading of 37 C. The government has ...