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Tag: banking

Posted on 06/02/2024

Singapore’s banks profits set to peak as rates boost fades

Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cuts and ...

Posted on 06/02/2024

Singapore’s property tax revenue expected to increase by S$600m due to higher home valuations

SINGAPORE: Singapore's residential property tax revenue for 2024 is expected to be around S$600 million (US$446 million) higher than what was collected in 2023, said Second Minister for Finance Chee ...

Posted on 06/02/2024

Singapore Bourse May Test Support At 3,100 Points

The Singapore stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it ...

Posted on 06/02/2024

Singapore’s Oobit gets $25 million funding from investors, including crypto firm Tether

Singapore's mobile payment app firm Oobit said on Monday it had raised $25 million in a funding round amid expansion plans as it pushes to advance the adoption of cryptocurrencies as a means of ...

Posted on 06/02/2024

UOB share price steady; late former chairman built ‘deep management bench, clear succession’

Apart from the stable share price, trading in UOB’s shares was also higher than usual. Read more at straitstimes.com.

Posted on 05/02/2024

Singapore’s Oobit gets $25 mln funding from investors, including crypto firm Tether

SINGAPORE, Feb 5 (Reuters ... Investors in the Series A funding round included the investment arm of crypto firm Tether, Hong Kong-based venture capital firm CMCC Global's Titan Fund, technology ...

Posted on 05/02/2024

Clear succession plan, strong management team keep UOB share prices steady: Analyst

SINGAPORE - Shares of UOB fell by around 1 per cent when they commenced trading on Feb 5, two days after the bank’s former chairman and chief executive Wee Cho Yaw died, but rebounded slightly during ...

Posted on 05/02/2024

High-Yield! 4 Singapore REITs with at least 5.4% distribution yields

SINGAPORE: Singapore’s Real Estate Investment Trusts (REITs) have proven robust despite inflation threats, providing a steady source of dividends for income investors. Here are four Singapore REITs ...

Posted on 05/02/2024

Singapore-based CLINT to invest in three industrial facilities at OneHub Chennai

CHENNAI: Singapore-based CapitaLand India Trust (CLINT) will acquire three industrial facilities of Casa Grande Group with a total net leasable area of 0.79 million sq ft at OneHub Chennai for Rs 268 ...

Posted on 05/02/2024

Singapore shares fall amid signal of slower-than-expected US rate cuts, STI down 1.4%

Key regional indexes were mostly down. Hong Kong’s Hang Seng Index inched down 0.2 per cent, while South Korea’s Kospi Composite Index shed 0.9 per cent. The FTSE Bursa Malaysia Kuala Lumpur Composite ...

Posted on 05/02/2024

Citibank Enhances Debit Card Benefits for Top-Tier Clients and is First Bank in Singapore

Citibank Singapore is offering its high-net-worth clients enhanced debit card privileges with the new Citigold Private Client (CPC) World Elite Debit ...

Posted on 05/02/2024

Best credit card for online shopping in Singapore (2024): OCBC, DBS, UOB, Citi and more

Credit cards can help you make the best out of online shopping. Which card, from OCBC and DBS to UOB and Citi, is right for you?

Posted on 05/02/2024

PM Lee and top leaders pay tribute to late Wee Cho Yaw, the ‘Titan of Singapore’s banking industry’

SINGAPORE: The country’s top leaders paid tribute to Dr Wee Cho Yaw, the former chairman of UOB, who passed away recently at the age of 95. In announcing his passing, the bank noted that he had been ...

Posted on 05/02/2024

DBS Plans Major Restructuring with Creation of ‘Global Financial Markets’ Division

DBS Bank revealed plans to consolidate its equity capital markets, DBS Vickers, and DDEX with its Treasury Markets division.

Posted on 05/02/2024

Dividend yields to stay attractive at Singapore banks as NIMs weaken in Q4: analysts

DBS, OCBC and UOB – for the three months ended December 2023 are expected to be softer quarter on quarter, amid weaker net interest margins (NIMs) and seasonally weaker fee income. Read more at The ...

Posted on 04/02/2024

5 best regular savings plans in Singapore 2024: Invest with $100 a month

If you promised yourself that you would finally start investing in 2024, good on you. Before you begin this journey, remember that investing is easier than you think. It's more about time in the ...

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