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Tag: banking

Posted on 23/02/2024

T-bills in Singapore: What it is, how to buy and the latest cut-off yield (20 February 2024)

The latest six-month Treasury Bills (T-bills) that was issued on 20 February 2024 had a cut-off yield of 3.66 per cent per annum, and the cut-off price was 98.175.With a S$13.5 billion total amount ...

Posted on 23/02/2024

StanChart CEO’s pay soars to $13.3 million, highest since 2015

SINGAPORE – Standard Chartered chief executive Bill Winters saw his total pay package rise 22 per cent in 2023. Winters’ total remuneration climbed to £7.8 million (S$13.3 million) last year, from ...

Posted on 23/02/2024

12 best cashback credit cards in Singapore (2024)

Collecting air miles for your jet setting lifestyle admittedly sounds sexier than trying to scrounge for cash rebates. But if you're still one of those people who believe that cash is king, getting ...

Posted on 23/02/2024

DBS customers now able to ‘lock up’ funds in existing accounts

SINGAPORE: DBS is extending its digiVault protection to all accounts, allowing customers to "lock up" funds in their existing accounts. The feature, launched last November, enables customers to lock ...

Posted on 23/02/2024

Faster cooling in Singapore’s inflation puts focus on monetary outlook

SINGAPORE, Feb 23 (Reuters) - Singapore's key inflation rate rose at a slower pace than markets had expected last month, official data showed on Friday, opening the door for the central bank to ...

Posted on 23/02/2024

Genting Singapore Shares Drop on Fourth-Quarter Miss

On the upside, they highlighted a stock currently trading below its historical average and said they expect the company to benefit from a solid events lineup in Singapore. Sophie Chua Siu Li of Hong ...

Posted on 23/02/2024

Singapore finance watchdog issues quantum cybersecurity advisory

Singapore's Monetary Authority (MAS) issued a cautionary note to financial institutions (FIs), urging them to prepare for the potential cybersecurity risks associated with quantum computing. In the ...

Posted on 23/02/2024

Affected by the closure of CPF Special Accounts? Here’s what you can do, according to finance experts

Mr Loo Cheng Chuan, founder of the 1M65 movement, says two existing provisions in the CPF system cushion the impact of the announcements made at Budget 2024.

Posted on 23/02/2024

OCBC set to provide financial support for 14,000 junior employees

The Oversea-Chinese Banking Corporation (OCBC) has announced that it will be providing one-off support to its junior employees across the bank and its subsidiaries such as Bank of Singapore, OCBC ...

Posted on 23/02/2024

UOB’s Q4 profit beats forecasts; junior staff to get one-off bonus to cope with rising living costs

SINGAPORE: UOB on Thursday (Feb 22) cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22 per cent jump in fourth-quarter net ...

Posted on 22/02/2024

Singapore Airshow: Chinese officials make investment pitches in C919’s afterglow

After China’s home-grown C919 made its international debut at the Singapore Airshow, government officials have taken the opportunity to sell the country’s aviation industry as a ripe destination for ...

Posted on 22/02/2024

Alibaba Cofounder Jack Ma’s Wife Bought $37 Million Worth Of Property In Singapore, Report Says

Z hang Ying, the wife of Chinese billionaire Jack Ma, bought three properties in Singapore for a total of up to S$50 million ($37 million), according to a report by local business newspaper the ...

Posted on 22/02/2024

Singapore to invest up to S$100 million to boost broadband network to 10Gbps; upgrade to start from mid-2024

SINGAPORE: The nationwide broadband network will undergo an upgrade of up to S$100 million (US$74.3 million), with more than half a million households expected to sign up and benefit from higher ...

Posted on 22/02/2024

Singapore-Listed U.S. REITs Gain on Distributions

By Amanda Lee Units of two Singapore-listed real-estate investment trusts rose after the companies announced distributions to unitholders for 2023, ...

Posted on 22/02/2024

Jail for retrenched Malaysian chef hired by Chinese police impersonators to scam retiree in Singapore

Soon after he was retrenched as a chef, a man in his 20s was tricked into giving up his personal details to scammers. He then agreed to work for ...

Posted on 22/02/2024

Singapore To Charge Passengers a Fee for Mandatory Sustainable Aviation Fuel Usage

Singapore introduces a passenger levy to fund the mandatory use of SAF on departing flights, aiming to balance growth with environmental sustainability in the aviation sector.

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