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Tag: banking

Posted on 17/08/2022

SMU’s founding chairman Ho Kwon Ping to step down next year, DBS CEO Piyush Gupta to succeed him

SINGAPORE: Singapore Management University’s (SMU) founding chairman Ho Kwon Ping will step down on Jan 11 next year after 25 years of leadership, the institution announced on Wednesday (Aug 17). He ... ( read original story ...)

Posted on 17/08/2022

Singapore will have more millionaires per population vs US and China by 2030: HSBC

In the next eight years, the number of millionaires in Singapore as a share of its population will grow to surpass that of the United States, China or any other economy in the Asia Pacific region, ... ( read original story ...)

Posted on 17/08/2022

Most analysts call ‘buy’ on ST Engineering, but Citi calls ‘sell’

Find out why Citi handed a "sell" rating to STE when others were calling "buy" Analysts from five brokerages have mostly given “buy” calls on Singapore Technologies Engineering (ST Engineering) after ... ( read original story ...)

Posted on 17/08/2022

Tax the rich? 5 ways Singapore might tackle wealth inequality as it seeks inclusive growth

Singapore abolished its so-called estate duty – taxes collected on wealth left behind after a person’s death – in 2008. Then-finance minister Tharman Shanmugaratnam said the move would encourage ... ( read original story ...)

Posted on 17/08/2022

Singapore Savings Bonds (SSB) Vs CPF Top Up. The Benefits And Drawbacks Of Both Options

Both the SSB and the CPF serve different investment needs of investors. We have been in a low interest rate environment since the global financial crisis (GFC) of 2007–2008. Interest rates on our ... ( read original story ...)

Posted on 17/08/2022

Why Singaporeans are investing in money market fund amidst volatile markets

Investors are allocating 70% of their funds portfolio to money market funds. Money market fund was selected by Singaporeans as the top investment tool to hedge inflation. Based on a study by wealth ... ( read original story ...)

Posted on 17/08/2022

Youth admits cheating 7 friends of S$332,000 in investment scam

The youth believed he would be more well-liked by his peers if he showed success at cryptocurrency trading, says his defence lawyer. ( read original story ...)

Posted on 16/08/2022

DBS downgrades Q&M to ‘hold’, lowers TP to 53 cents on delayed expansion plans

On the back of Q&M's “disappointing” results, DBS has cut its earnings for the FY2022 and FY2023 by 31% and 33% respectively. ( read original story ...)

Posted on 16/08/2022

IPW: Singapore targets sustainable investment, and OECD highlights climate finance deficit

In this week’s Infrastructure Policy Watch, Singapore mobilises sustainable infrastructure investment and the OECD reports on global climate change investment. Singapore has launched a new online ... ( read original story ...)

Posted on 16/08/2022

Singapore’s Temasek stock bets shrink by US$5.6 billion on sales, price slump amid Fed hikes and recession fears, filings show

The firm's bets on US-listed stocks shrank last quarter by the most since the final quarter of 2004, SEC filings show US rate hikes stoked recession fears, slamming its bets including BlackRock and ... ( read original story ...)

Posted on 16/08/2022

Stock Market LIVE Updates: Sensex and Nifty50 likely to make a gap-up start today

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to begin a holiday-shortened trading week in the green on Tuesday, amid mixed moves across global shares. Singapore Exchange (SGX) Nifty ... ( read original story ...)

Posted on 16/08/2022

Inflation in Singapore expected to peak in Q4 and stabilise: DPM Wong

Inflation in Singapore is expected to peak in the next two to four months and will start to ease thereafter, said Deputy Prime Minister Lawrence Wong. ( read original story ...)

Posted on 16/08/2022

US and China may ‘sleepwalk into conflict’, warns next Singapore PM Wong

Singapore’s prime minister-in-waiting Lawrence Wong warned that the US and China may "sleepwalk into conflict” if they don’t engage with each other and deescalate rising tensions over Taiwan. ( read original story ...)

Posted on 16/08/2022

3 Factors That Affect How Much Personal Loan You Can Get

This post was written in collaboration with Citibank Singapore Limited. While we are financially compensated by them, we nonetheless strive to maintain our editorial integrity and review products with ... ( read original story ...)

Posted on 16/08/2022

More must be done to help Singaporeans make sustainable choices: OCBC climate index

Sustainability is seen as a bonus or a happy consequence of a purchasing choice that made sense in the first place, the index also found. Read more at straitstimes.com. ( read original story ...)

Posted on 16/08/2022

Share Market Live: Sensex rises 300 pts, Nifty above 17,750; M&M, Asian Paints top gainers

Sensex rises 339 points to 59,802 and Nifty climbs 77.55 pts to 17,775 in early trade. The stock market ended higher on Friday, led by positive global cues. ( read original story ...)

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