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Tag: banking

Posted on 02/01/2025

OCBC and Oxford Economics lower 2025 GDP forecast on high base; some analysts expect monetary easing to happen this year

Oversea-Chinese Banking Corporation’s (OCBC) Selena Ling has lowered her growth forecast for Singapore’s GDP in 2025 to 2.2% y-o-y from 2.7% y-o-y due to the high base from Singapore’s performance in ...

Posted on 02/01/2025

Pre-booking of CNY 2025 bank notes starts Jan. 7, collection at DBS, OCBC, UOB: MAS

Here are the ways you can get hold of the notes if you're a DBS, OCBC, or UOB bank member: Pre-booking for collection at bank branches: Online pre-booking is required, from Jan. 7. Collection of ...

Posted on 02/01/2025

Jail for ‘instrumental player’ in syndicate that sold bank accounts used to launder money

Goh Soon Lee received, processed and sent out 34 ATM cards between July and October 2023. Read more at straitstimes.com.

Posted on 02/01/2025

One-off payment incoming for about 11,000 junior OCBC employees in February and April 2025

Specifically in Singapore, approximately 4,000 junior employees, including new hires and unionised staff, will receive a one-off payment of S$1,000 each.

Posted on 02/01/2025

Pre-booking of CNY bank notes starts Jan. 7, collection at DBS, OCBC, UOB: MAS

Here are the ways you can get hold of the notes if you're a DBS, OCBC, or UOB bank member: Pre-booking for collection at bank branches: Online pre-booking is required, from Jan. 7. Collection of ...

Posted on 02/01/2025

Bookings to collect fit-for-gifting notes for Chinese New Year to start from Jan 7

SINGAPORE: From Jan 7, the public may make bookings to collect fit-for-gifting bank notes for Chinese New Year, said the Monetary Authority of Singapore (MAS) on Thursday (Jan 2). These "fit notes" ...

Posted on 02/01/2025

SGX Group chairman calls for ‘bold and decisive actions’ to solve stock market’s ‘longstanding issues’

A myriad of structural and policy issues must be addressed, certainly by SGX, but also with policymakers, regulators and all players within the ecosystem,” says Koh Boon Hwee.

Posted on 02/01/2025

China stocks lead losses in Asia as manufacturing slows; Singapore annual GDP growth rises to 4%

China's Caixin/S&P Global manufacturing purchasing managers' index for December fell to 50.5, missing economists' estimates of 51.7 in a Reuters poll.

Posted on 02/01/2025

UOB Kay Hian keeps FLCT at ‘buy’ but with lower target price of $1.33 following higher taxes in Australia

FLCT is working on backfilling the remaining vacant space but competition from other business parks remains tough,' says UOB Kay Hian's Jonatha Koh ...

Posted on 02/01/2025

Singapore stocks rise as trading begins in the new year—STI gains 0.2%

SINGAPORE: Singapore stocks rose as trading began on Thursday (Jan 2) after the New Year’s Day holiday. The Straits Times Index (STI) gained 0.2% or 5.73 points to 3,793.33 at 9:01 am, The Business ...

Posted on 02/01/2025

Singapore Economy Grows 4.0 Pct In 2024, Tops Forecasts

Singapore's economy beat forecasts to grow 4.0 percent in 2024 despite a slowdown in the fourth quarter, preliminary government data showed on Thursday.

Posted on 02/01/2025

Singapore stocks to watch in 2025: 4 top picks for the new year

Meanwhile, iFAST Global Bank, the group’s digital banking arm, reported customer deposits more than doubling year on year to S$805.63 million as of Sept 30, 2024. The digital bank is also expected to ...

Posted on 01/01/2025

Salt Investments looking for alternative funding after two investors missed placement deadline

Salt Investments is looking for alternative funding after two investors who were supposed to take part in a placement did not pay up in time. According to the company on Jan 1, it had reminded Hin ...

Posted on 01/01/2025

Police looking into reports of unauthorised payments linked to Koufu Eat app since late Oct. 2024

Several reviews posted on the Google Play Store page for the Koufu application, between October and December 2024, allege unauthorised transactions linked to credit or debit cards registered with the ...

Posted on 01/01/2025

Economic trends to watch for Singapore in 2025

SINGAPORE – Formidable challenges ranging from the US-China trade conflict to geopolitical tensions and market volatility suggest that Singapore’s economy is in for a rockier ride in 2025. Outcomes ...

Posted on 01/01/2025

Singapore leads with 13 Crypto licenses—Top 5 coins to buy for the next crypto bull run!

In 2025, there will be a lot of new entrants in the digital currency arena; however, DexBoss is an emerging and promising token to invest in and experience massive gains.

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