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Tag: banking

Posted on 13/06/2024

Singapore stocks open higher again on Thursday—STI rose by 0.6%

SINGAPORE: Singapore stocks opened higher again on Thursday, June 13, following a strong global sentiment after US consumer prices remained steady in May. The Straits Times Index (STI) rose by 0.6%, ...

Posted on 13/06/2024

ETFs, new investment products and a Big Bang IPO

Whatever the case, ETFs are only an intermediate step to attracting more liquidity to the local market. Moreover, ETF issuers like OCBC Securities, Lion Global and Nikko Asset Management have gained a ...

Posted on 13/06/2024

Standard Chartered sets up first global fund management unit in Singapore

The platform aims to set up a series of funds focused on a long-term strategic asset allocation as part of a client’s foundation portfolio.  To deliver unique and hard-to-access strategies, Standard ...

Posted on 13/06/2024

Singapore’s H2 recovery hinges on external factors: UOB

Singapore’s economy could stage a meaningful recovery in the second half should the US Federal Reserve start its rate cut cycle, according to UOB.

Posted on 13/06/2024

DBS targeting to grow wealth management assets to S$500 billion within next 2 years

SINGAPORE: DBS Group has set an ambitious goal to increase its wealth management assets to... The post DBS targeting to grow wealth management assets to S$500 billion within next 2 years appeared firs ...

Posted on 13/06/2024

5 Singapore Stocks Sporting Dividend Yields of 5.4% or Higher

Management expects the housing market outlook to remain stable for 2024 supported by Singapore’s economic growth and the ... but don’t want the stress of stock watching, this report is for you. Click ...

Posted on 12/06/2024

Economists downgrade Singapore’s manufacturing outlook, keep 2024 growth forecast at 2.4%

That's according to a quarterly survey conducted by the Monetary Authority of Singapore of 26 analysts. The finance and insurance sector is expected to be the main driver of growth for this year, ...

Posted on 12/06/2024

New OCBC initiative prepares poly grads for full-time banking and finance roles

OCBC Ignite, an accelerated banking career programme, will take in 500 poly students in the next three years. Read more at straitstimes.com.

Posted on 12/06/2024

LYC makes U-turn on subsidiary’s S’pore Exchange IPO

KUALA LUMPUR: LYC Healthcare Bhd has dropped the plan to list its subsidiary on the Singapore Exchange, less than three months after it filed the preliminary offer document with the exchange. LYC told ...

Posted on 12/06/2024

Transcript: The wrinkle in Shein’s IPO plans

Saffeya Ahmed Its attempt at an IPO in the US has completely stalled ... Eleanor Olcott A couple of years ago, the company migrated its headquarters to Singapore. This was the first real indication ...

Posted on 12/06/2024

Man allegedly behind global malware network: Prosecution ready to present case for extradition to US

SINGAPORE: Prosecutors in Singapore are ready to present evidence for Wang Yunhe, the man allegedly behind a global malware network, to be extradited to the United States.

Posted on 12/06/2024

OCBC launches accelerated banking career programme to double its annual intake of polytechnic graduates in Singapore

The enhanced OCBC Ignite programme, developed with all five Singapore polytechnics, aims to double the Bank’s annual intake of polytechnic graduates and support the nation's goal of increasing ...

Posted on 12/06/2024

Singapore’s top bank DBS eyes $370 billion in wealth assets by 2026, top exec says

DBS Group plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit's head, as the top Singaporean bank bets on robust inflows ...

Posted on 12/06/2024

DBS eyes S$500 billion in wealth assets by 2026, top executive says

SINGAPORE: DBS Group plans to boost assets under management for its wealth business to S$500 billion (US$369.7 billion) by the end of 2026, said the unit's head, as the top Singaporean bank bets on ...

Posted on 12/06/2024

Singapore shares end flat as markets hold their breath for Fed rate decision; STI down 0.1%

Investors already expect fewer rate cuts, paying attention to predictions for longer-term rates Read more at straitstimes.com.

Posted on 12/06/2024

Singapore’s top bank DBS eyes $370 bln in wealth assets by 2026, top exec says

DBS Group plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit's head, as the top Singaporean bank bets on robust inflows ...

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