DBS believes that Seatrium is on track to deliver strong earnings recovery next year with the delivery of most legacy contracts this year, which were undertaken at lower margins, plus the execution of ...
2024 in focus: Here’s our recap of events & business trends that made waves in Singapore
As 2024 comes to an end, we revisit the Singaporean headlines that made this year stand out. Here were some key events and business trends.
The Edge Singapore apologises to Singapore ministers over article on Good Class Bungalows
SINGAPORE: Business publication The Edge Singapore apologised to Law and Home Affairs Minister K Shanmugam and Manpower Minister Tan See Leng on Tuesday (Dec 24) over a Bloomberg article that The Edge ...
Singapore Shares May Extend Monday’s Gains
The Singapore stock market on Monday ended the four-day losing streak in which it had dropped almost 100 points or 2.8 percent. The ...
Singapore Banks’ Capital Equity Tier 1 Ratios Climb Due To Basel III Reforms
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.