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Tag: banking

Posted on 25/11/2024

3 Singapore Blue-Chip Stocks Whose Share Prices Could Hit New 52-Week Highs

These three stocks may have done well this year, but look out for continued strong performances as 2025 beckons. The post 3 Singapore Blue-Chip Stocks Whose Share Prices Could Hit New 52-Week Highs ...

Posted on 24/11/2024

COP29 ends with deal on climate finance after bitter fight

Under a compromise, rich nations eventually agreed to commit US$50 billion more than called for in a draft agreement on Friday.

Posted on 24/11/2024

ITRIX secured a seed funding of USD 2 million from Singapore investment firm DE.AI TECH

On 17, 2024, ITRIX, a product based on AI + Web3 digital avatars, received $2 million in seed funding from Singaporean investment firm DE.AI TECH. The funding will be used for market operations and pr ...

Posted on 24/11/2024

More than 3 years’ jail for man linked to loan ruse in which banks were cheated of over $1m

SINGAPORE – A man who worked with a female accomplice to dupe two banks into disbursing loans totalling $1,218,000 by using false statements was sentenced to three years and nine months’ jail on Nov ...

Posted on 24/11/2024

Peregrine falcons recorded nesting in Singapore’s CBD for first time, tray set up to encourage breeding

SINGAPORE: Peregrine falcons have been recorded nesting for the first time in Singapore - in the heart of its central business district, in a recess high up on OCBC Centre in Chulia Street. The birds, ...

Posted on 24/11/2024

COP29 climate talks on the brink as finance deal remains elusive

In an effort to get an agreement over the line, the US and EU negotiators had proposed that developed nations increase a funding commitment to US$300 billion a year.

Posted on 23/11/2024

Market capitalisation to GDP: Is the Buffett ratio giving us any signal?

The Buffet Ratio measures whether stock markets are overvalued or undervalued. Many countries, including the USA and Japan, have experienced periods of overvaluation. India has seen significant growth ...

Posted on 23/11/2024

Banking on quantum: OCBC to train 100 employees in quantum computing as next-gen tech shapes up

SINGAPORE – OCBC Bank aims to train up around 100 employees in quantum computing over the next three years to develop new applications and strengthen defences against emerging cybersecurity threats as ...

Posted on 23/11/2024

Temasek’s CapitaLand warns of China property losses as Singapore investor cuts exposure

CapitaLand Investment, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis. The Singapore-based firm wants to ...

Posted on 22/11/2024

Daily Cuts – Singapore upgrades 2024 economic growth forecast to around 3.5%

Singapore Today's Lance Alexander and Daniel Martin speak with Selena Ling, Chief Economist and Head of Global Markets, Research and Strategy, OCBC Bank, about whether this is an impressive economic ...

Posted on 22/11/2024

Ex-DBS employee jailed for accessing customer data, passing details to moneylender and bookie

Huang Pin Wen committed his offences, which numbered more than 120, out of "foolishness" and to impress others, his lawyer said.

Posted on 22/11/2024

Near-term volatility drives SGX to 17-year peak on higher turnover

SHARES of Singapore Exchange (SGX) charged to their highest since December 2007, driven by near-term volatility as turnover and trading volumes advance. Read more at The Business Times.

Posted on 22/11/2024

Singapore Bourse Poised To Halt Its Slide

The Singapore stock market has finished lower in two straight sessions, slipping almost 20 points or 0.6 percent in that span. The ...

Posted on 22/11/2024

5 Finfluencers You Should Follow: Top Finance Influencers in Singapore

These days, you can learn anything online. In today’s digital age, we can plan entire trip itineraries without ever leaving TikTok and learn how to change a car tyre simply by following a YouTube ...

Posted on 22/11/2024

Singapore stocks rose on Friday’s open—STI gained 0.3%

Banking stocks were mixed on Friday’s open. UOB rose 0.4%, or S$0.15, to S$36.30, while OCBC gained 0.3%, or S$0.05, to S$16.48. DBS dipped inched down 0.02%, or S$0.01, to S$42.55.

Posted on 22/11/2024

Court lifts veil on fraudulent diamond investment scheme; $2.38m in damages awarded

The ring was bought off the shelf for about $25,000 and presented to investors as being worth $13.8 million. Read more at straitstimes.com.

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