As of May 2024, the Singapore market continues to attract attention with its robust economic indicators and stable financial environment, fostering confidence among investors. Amidst this backdrop, ...
MAS follows up on DBS to identify reasons for disruptions and address them effectively
SINGAPORE: The Monetary Authority of Singapore (MAS) is following up on DBS to identify reasons... The post MAS follows up on DBS to identify reasons for disruptions and address them effectively appea ...
Shell Agrees to Sell Singapore Assets to Glencore-Indonesian JV
(Bloomberg) -- Shell Plc has agreed to sell its Singapore refining and chemicals assets to a joint venture between commodity trader Glencore Plc and Indonesian company PT Chandra Asri Pacific. Most ...
Cambodian nationals deported from Singapore following record money laundering convictions
Two men, Su Wenqiang and Wang Baosen, both of whom hold Cambodian passports and were convicted in Singapore's largest-ever money laundering case, were deported to Cambodia on May 6, according to the ...
UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings
UOB is the second Singapore bank to report its earnings. The post UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings appeared first on The Smart ...
UOB’s Profit Beat Outshone By Growth Outlook at Rival DBS
United Overseas Bank Ltd. first-quarter profit came in above estimates even as its outlook was overshadowed by stronger projections at larger rival DBS Group Holdings Ltd.Most Read from BloombergTrump ...
Amazon to Invest $9 Billion in Singapore Cloud Infrastructure
The tech giant will spend $9 billion to expand its cloud services in Singapore, coming as global tech companies are boosting their data-center footprints in Asia amid a boom in demand for ...
MAS Ensures DBS Addresses Root Causes of Recent Online Banking Disruptions
MAS has intensified its oversight of DBS Bank following repeated disruptions to its online banking and payment services.
UOB posts small drop in quarterly profit, confident of maintaining key margin level
SINGAPORE: Singapore's United Overseas Bank (UOB) posted a smaller-than-expected 2% drop in first-quarter profit on Wednesday and said it was confident of preventing further declines in its net ...
UOB Q1 profit drops 2% to $1.49 billion on lower net interest income; beats forecast
UOB had a muted start to 2024 as its margins from interest rates dropped, even as loans picked up pace and fee income rose. Net profit for the first quarter fell 2 per cent to $1.49 billion, down from ...
Singapore’s MAS Asks DBS to Identify Cause of Outages, ST Says
Singapore’s regulator has asked DBS Group Holdings Ltd. to figure out the root cause of recent disruptions to its internet banking and payment services and deal with it effectively, the Straits Times ...
UPDATE 1-Singapore bank UOB’s first-quarter net profit drops 2%, but beat forecasts
SINGAPORE, May 8 (Reuters) - Singapore's United Overseas Bank (UOB) reported on Wednesday a 2% decline in net profit in the first quarter from a year earlier on the back of a drop in net interest ...
Singapore government briefings for international banks not ‘unusual’ as asserted in FT article: Indranee
In an Apr 20 article, the Financial Times reported that Singapore had given international banks an "unusual series of top-level briefings on geopolitics".
Standard Chartered readies debut euro covered bond
Standard Chartered Bank is set to issue its first euro covered bond — a three to five year benchmark issued through its Singaporean branch. “Everyone knows the name,” said a syndicate banker close to ...
DBS CEO Piyush Gupta sells $2.7 million worth of bank shares
SINGAPORE - DBS chief executive officer Piyush Gupta has gained $2.7 million after selling 75,000 of his shares in the bank, according to a filing on the Singapore Exchange on May 7. The transaction ...
In Data: Global cloud industry set to exceed $1.4trn by 2027 as AWS doubles Singapore cloud investment
The global cloud industry is set to exceed $1.4trn by 2027 according to research and analysis company GlobalData as news comes today (7 May) that Amazon Web Services (AWS) will double its investment ...