HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said
OCBC achieves 80% of its 250K target cross-border QR payments in 2024
This milestone comes just one year after OCBC integrated Alipay+ into its cross-border QR payment options on the OCBC Digital app ...
Singapore’s inflation outlook: Only 4 in 10 believe prices will fall
As of September 2024, only 44.8% of Singaporeans believe inflation will decrease, a slight drop from 45.2% in June ...
Pantera-Backed Crypto Exchange VALR Launches Futures Trade Arena with Exciting Rewards
VALR has launched the Futures Trade Arena, a competitive crypto trading platform offering rewards based on traders' PnL and ROI.
Singapore is now 5th most internationally connected and influential city, up from 7th last year
The city-state rose due to increased business activity, success in the human capital dimension, an almost perfect score in ease of entry, and strong digital capabilities ...
HSBC Splits Operations Into East, West Regions in Largest Restructuring in a Decade
HSBC Holdings’ new CEO, Georges Elhedery, has introduced the most extensive restructuring of the bank in over a decade.
Standard Chartered revamps its proposal for Indian HNW clients
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OCBC drives sustainability with $1m sponsorship of solar-powered fleet at Gardens by the Bay
The eco-friendly vehicles can generate close to 70 per cent of their operational power directly from solar energy. Read more at straitstimes.com.
How UOB Vietnam navigates growth and opportunities within the region
UOB Vietnam CEO Victor Ngo talks about the country's robust pipeline of FDIs, the bank's digitalisation plans and more.
Singapore LNG signs deal with Japan’s Mitsui OSK Lines for second LNG terminal
Singapore LNG Corporation (SLNG) has agreed to charter from a unit of Japan's Mitsui O.S.K. Lines (MOL) a newly built floating storage and regasification unit (FSRU) as the island nation's second ...
How a family feud has forced Singapore founder Lee Kuan Yew’s youngest son to seek asylum in UK
Lee Hsien Yang, the youngest son of Singapore’s founding father, Lee Kuan Yew, has been granted asylum in the UK, citing persecution by his brother’s government. The family feud, sparked by a dispute over the fate of their father’s home,
Singapore’s Pritam Singh trial: WP stalwart Low Thia Khiang reveals timeline gap in lie knowledge
Low says he only learned in 2023 that Workers’ Party leaders had known since August 2021 about former MP Raeesah Khan’s lie in parliament.
Singapore court orders trader to pay investor S$4.7 million after forex trade goes south
THE Singapore High Court has on Wednesday (Oct 23) ordered forex trader Leong Kai Rui to return S$4.7 million to investor Oan Chim Seng for breaching an investment agreement. Additionally, he must pay ...
Banking stocks help lift STI by 0.4% amid rising US Treasury yields
Mr Zane Aw, research analyst at Phillip Securities Research, told The Business Times: “The three local banks, which make up almost 50 per cent of the STI’s weightage, are up between 0.5 and 1.3 per ...
Singapore FPSO fabricator’s directors accept takeover offer
Singapore floater fabricator Dyna-Mac’s board of directors has recommended that the company’s shareholders accept an all-cash takeover offer by South Korea’s Hanwha Ocean.
Singapore is one step closer to hydrogen-powered electricity supply
ONE of the first hydrogen-ready power plants in Singapore has advanced into its next phase of development, with its project developer in talks with banks to raise funds for the estimated project cost of S$800 million.