Tag: banking

This June, the ultimate beach party is happening right in the heart of Marina Bay with the return of Singapore’s Biggest BayFest, DBS Marina Regatta. With activities like a giant inflatable obstacle course, Potato Head’s legendary Coconut Bar ... ( read original story ...)

To celebrate Mother’s Day, YTL Hotels is offering a 72-hour Singapore Residents’ Package ... as well as a free 24” trolley bag with bookings of S$3,800 and up charged to Citibank credit cards (limited to new bookings, while stocks last). ( read original story ...)

Mindshare has appointed Nick Barger (pictured) as managing partner to lead the agency’s HSBC account. The role is effective immediately and will see him reporting to Melissa Tang, managing director at Mindshare Singapore. Meanwhile, he takes over from ... ( read original story ...)

SINGAPORE Singapore's Overseas-Chinese Banking Corp (OCBC.SI) said on Thursday it will acquire National Australia Bank's (NAB.AX) private wealth business in Singapore and Hong Kong, increasing its mortgage portfolio by around 4 percent. The city-state's ... ( read original story ...)

Singapore-based OCBC said the business is made up of a mortgage portfolio of about $1.7 billion and deposits of some $3.05 billion, according to a stock exchange filing Thursday. The purchase price will be determined based on the book value of the NAB ... ( read original story ...)

Southeast Asia's second largest lender OCBC agrees to buy NAB's private wealth business in Singapore and Hong Kong. Agreement follows several similar deals over the past few years, which saw a few non-Asian banks exiting the region's wealth management ... ( read original story ...)

Global financial services companies have their Asian satellites operating from Singapore including AmEx, Citibank, JPMorgan Chase, HSBC and numerous other international financial organizations. Singapore has one of the most forward-thinking governing ... ( read original story ...)

The funding was given to Sunseap Group. Singapore banking giant United Overseas Bank (UOB) lent $15m to Sunseap Group for a series of solar projects in Singapore. The projects include the 9.5 MegaWatt peak (MWp) solar photovoltaic (PV) system at Jurong ... ( read original story ...)

SINGAPORE—DBS Bank will partner logistics company DHL Express Singapore to reduce its carbon footprint, according to a joint press release by the two firms on Tuesday. The three-year partnership will enable the bank’s global express shipments to become ... ( read original story ...)

Apte has over 30 years’ experience with Citigroup. In 1997, he took the position of Citibank’s President and Country Manager for Poland. He was responsible for Citibank’s acquisition of Bank Handlowy in 2000, following which he was appointed Deputy ... ( read original story ...)

The cross rate between the Singapore dollar (SGD) versus the Malaysian ringgit (MYR) could possibly head lower and return to below the 3.0 level by year-end, says United Overseas Bank (UOB). Based on current trend, the cross would likely pass through the 3 ... ( read original story ...)

DBS, OCBC made acquisitions last year to bolster wealth units Singapore’s big three banks have invested heavily in their wealth-management businesses over the past year and the results are starting to show. Higher income from servicing Asia’s more well ... ( read original story ...)

Chris Knight looks back on Singapore Sevens as we head towards Paris this weekend on the HSBC World Sevens Series For the second time in two years, Singapore Sevens produced another first time champion as day two parked a string of surprising results. ( read original story ...)