The DAG program was launched last April to help smaller financial firms and fintechs adopt digital solutions to deal with the effects of Covid-19. The MAS reported that it received over 1,100 ... ( read original story ...)
Singapore’s Olam To Buy U.S. Spice Maker For $950 Million Ahead Of Unit’s IPO
Singapore-listed Olam International said its food ingredients subsidiary is buying Olde Thompson, a U.S.-based maker of private label spices and seasonings, at an enterprise value of $950 million. ( read original story ...)
Darktrace IPO races out of the blocks
I n a welcome boost for the London IPO market, after the Deliveroo flop, UK cybersecurity company Darktrace has launched well above its initial price of 250p per share, jumping sharply to 350p in ... ( read original story ...)
World Bank’s International Finance Corp to invest in Singapore-based Jungle Ventures’ fund
World Bank’s International Finance Corporation (IFC) said it would invest $25 million (Rs 185 crore) in the fourth fund ... ( read original story ...)
Singapore’s DBS reverses COVID woes with record Q1 profit
Southeast Asia's largest lender, DBS Group Holdings, on Friday reported a 72% surge in net profit for the three months ending in March, keenly eyeing a strong recovery in 2021 after a tough year last ... ( read original story ...)
Singapore banks gear up to promote green finance
Singapore banks are busy rolling out various loan packages amid the coronavirus pandemic to shore up the role of green finance in the city-state. ( read original story ...)
Singapore Passes Libor Exit Milestone With $128 Billion at Stake
Singapore banks are pressing on in their transition away from the discredited London interbank offered rate as financial centers around the world are facing deadlines to move off Libor-priced loans ... ( read original story ...)
Singapore’s largest bank DBS sees profit soar 72% to a record $1.5 billion
DBS Group Holdings said net profit reached a historic high of 2.01 billion Singapore dollars ($1.52 billion) in the first quarter of 2021. ( read original story ...)
Singapore’s DBS bank sets first quarter profit record; bad loans are at pre-pandemic levels
"Results are in line with recent optimistic outlook given by Singapore's three banks, but importantly, the low credit costs were to reverse previously very prudent aggressive fron ... ( read original story ...)
Standard Chartered considers slashing S’pore office space
SINGAPORE: Standard Chartered Plc is weighing options to downsize its office space in what could become the biggest floor cuts by a bank in Singapore in recent years, according to people familiar with ... ( read original story ...)
DBS Q1 profit surges 72% to record $2.01 billion; flags strong year ahead
Its business fired on all fronts with faster loan growth and record fee income.. Read more at straitstimes.com. ( read original story ...)
DBS Q1 profit surges 72% to record, flags strong growth
SINGAPORE: DBS Group trumped market estimates with a 72 per cent rise in quarterly net profit to a record high, as the bank benefited from strong ... ( read original story ...)
News Analysis: Singapore banks gear up to promote green finance
Singapore banks are busy rolling out various loan packages amid the coronavirus pandemic to shore up the role of green finance in the city-state. The latest drive came from DBS Bank, Singapore's ... ( read original story ...)
OCBC says it ‘may not need so many branches’ with plans to review office space
SINGAPORE: Singapore’s second largest bank OCBC will be reviewing its office space requirements, including the number of bank branches it has, ... ( read original story ...)
Singapore: Labour market improves in Q1 – UOB
Economist at UOB Group Barnabas Gan assesses the recent figures from the labour market in Singapore. Key Quotes “Singapore’s labour market improves further in the first quarte ... ( read original story ...)
LinkedIn: OCBC, Standard Chartered and Unilever are the top three companies to work for in Singapore
Standard Chartered Bank and consumer goods company Unilever are the top three companies to work for, according to LinkedIn’s 2021 list of top companies in Singapore. The professional networking site ... ( read original story ...)