Singapore banks posted substantial increases in their capital equity Tier 1 ratios as the final Basel III reforms came into effect. Read more here.
Singapore Pulls Ahead of Hong Kong in Race to Be Crypto Hub
Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.
Singapore’s Bolttech Raises Over $100 Million to Reach $2.1 Billion Valuation
Insurance technology company bolttech, headquartered in Singapore, has announced raising over $100 million in its Series C funding round. Led by Dragon Fund, Mitsubishi UFJ Financial Group, and ...
Bloomberg issued correction directions over article on S’pore property deals
Bloomberg has been issued correction directions under Singapore’s fake news law following a recent article on good class bungalow (GCB) transactions in the island state. The Edge Singapore, The ... ( read original story ...)
4,000 OCBC employees in Singapore to get $1K each; S$7.5M one-off payment in total for junior employees to cope with cost of living
SINGAPORE: The Overseas Chinese Banking Corporation (OCBC), one of the biggest financial institutions in Singapore and Malaysia, announced on Monday (Dec 23) that it would be giving its junior ...
UOB and OCBC junior staff to receive one-off payments to cope with cost of living
SINGAPORE - UOB will make a one-off payment to junior employees to help them cope with day-to-day expenses, joining its local peer OCBC Bank in doing so.
OCBC support junior staff with cost-of-living payment
OCBC Group will give a second one-off payment totalling S$7.5m (USD$5.5m) to assist nearly 11,000 junior employees globally in managing rising living costs. The initiative, which is set to be ...
OCBC, UOB to give junior employees one-off bonus to help with cost-of-living expenses
SINGAPORE: For a second year running, Singapore banks OCBC and UOB will give one-off payments to their junior employees to help alleviate cost-of-living pressures, the two banks said on Monday (Dec 23 ...
SingPost sackings: ‘Unprecedented’ for a Singapore firm to fire 3 top executives, shows severity of issue, say experts
Replacing the three executives would be challenging for SingPost given the nature of their roles and the postal industry, corporate governance experts say.
Singapore invokes fake news law against Bloomberg, 3 others over bungalow sales article
The law ministry says the false statements in the Bloomberg article ‘attack the transparency of property transactions in Singapore’.
OCBC and UOB junior staff to receive one-off payments for cost-of-living pressures
A total of about 4,000 junior employees across OCBC Group in Singapore will be receiving a S$1,000 payout each to help them cope with cost-of-living concerns Read more at straitstimes.com.
OCBC, UOB to pay out second cost-of-living bonuses for junior staff
FOR the second year in a row, OCBC and UOB will each be giving out a one-off payment to its junior employees to help them cope with ongoing cost-of-living pressures. Read more at The Business Times.
While stricter curbs might be politically unpalatable, ensuring public housing remains accessible and affordable is a bigger concern
While stricter curbs might be politically unpalatable, ensuring public housing remains accessible and affordable is a bigger concern.
Corrections regarding false statements of fact by Bloomberg L.P., The Edge Singapore, The Independent Singapore, and The Online Citizen
There are no publicly available government records of GCB sale transactions if caveats are not lodged. ( read original story ...)
OCBC lowers fair value for SingPost following termination of CEO, CFO
Ada Lim of OCBC Investment Research has lowered her fair value for SingPost from 58 cents to 54 cents after the company fired three of its top executives for mishandling a whistle-blowing case. Group ...
DBS likes CDLHT’s strategy of expanding longer-stay lodging exposure with Liverpool PBSA acquisition
The team at DBS notes that the deal price of GBP40.6 million translates to a price per bed of GBP92,000, below both the asset’s last valuation by about 5.4% and replacement cost of around 18%.