Banks' strategies include raising percentage of loans that are fixed rate, putting on interest rate hedges. Read more at straitstimes.com.
Declining interest rates will take a huge part of UOB’s growth engines, but volumes will pick up: CFO Lee
The upcoming declining interest rate environment will affect a huge part of United Overseas Bank U11 0.00% ’s (UOB) growth engine, so the bank will have to focus on fee income for the foreseeable ...
UOB stands behind companies’ regional expansion efforts
UOB Thailand is committed to supporting large local corporations expanding into Southeast Asia to capitalise on the significant growth potential of regional economies, while also investing in domestic ...
UOB eyes South-East Asian markets
Singapore’s homegrown United Overseas Bank (UOB) wants to reduce its reliance on the city-state and plans to generate half its income from its other South-East Asian markets by 2026, says head of ...
Temasek Spent Billions on US Tech Stocks Before July Selloff
Singaporean state-owned investor Temasek Holdings Pte. spent billions of dollars in the second quarter buying shares in US technology giants, just before the sector dropped in July.
Stocks to watch: Singtel, Genting Singapore, ComfortDelGro, Haw Par, StarHub, Wing Tai
THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 15): Read more at The Business Times.
‘What’ll define me as CEO? In a word, impact’: DBS’ Tan Su Shan
DBS CEO-designate Tan Su Shan tells ST how she is preparing for her upcoming role and what will define her stint. Read more at straitstimes.com.
Low-carbon hydrogen: Timely for Singapore to deepen research
SINGAPORE is deepening research on low-carbon hydrogen as an energy source – a timely move even with mixed sentiment around the fuel. Read more at The Business Times.
Trichy Airport Customs Busts Gold Smuggling Attempt, Seizes Gold Worth Rs. 1.53 Crores
The Air Intelligence Unit (AIU) at Trichy Airport arrested a female passenger and seized 2,291 grams of gold valued at approximately Rs. 1.53 crores on Tuesday. The gold items were of 24-karat and ...
Singapore’s Syfe Secures $27M to Accelerate Growth in Key Markets
Singapore-based investment platform Syfe has secured $27 million in a Series C funding round to accelerate its growth across the Asia Pacific region, focusing on expanding its services in Singapore, ...
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators. Bank of Singapore (BOS) is warning against a fraudulent application. The fake app can be found in hxxps ...
MAS, banks and tech companies to jointly work on quantum security
MAS and participating banks will experiment with Quantum Key Distribution (QKD) solutions jointly provided by SPTel and SpeQtral.
S$3b money laundering case: 2 ex-bank employees and former driver of fugitive to be charged in court
TWO former bank employees will be charged in court on Aug 15 over money laundering and forgery offences, one year after 400 police officers raided multiple luxury homes in the biggest money laundering ...
Singapore banks’ loan growth, fee income steady in Q2
Singapore’s banks delivered strong earnings in Q2 2024 on the back of net interest income (NII) growth, continued recovery in fees, and benign provisions, reports UOB Kay Hian (UOBKH). Loan growth ...
Singapore ranks 7th most expensive place to rent prime offices in APAC at 21% premium
SINGAPORE: Singapore has been ranked seventh for the most expensive place to rent prime offices... The post Singapore ranks 7th most expensive place to rent prime offices in APAC at 21% premium appear ...
“You can’t compete with Johor prices” — Singapore retailers urged to attract locals with additional services as RTS link with JB nears
SINGAPORE: Retailers in Singapore are advised to attract customers with additional services as the upcoming Rapid Transit System (RTS) link, set to start in 2026, is expected to increase competition ...