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Tag: banking

Posted on 03/08/2023

DBS Q2 profit beats forecasts to rise 45% to S$2.6 billion; declares S$0.48 dividend

SINGAPORE’S largest lender DBS posted a net profit of S$2.6 billion for the second quarter ended June, representing a 45 per cent year-on-year increase from S$1.8 billion. Read more at The Business ...

Posted on 03/08/2023

Can Property Investing Ever Be Safe? Here’s Why A Guaranteed Real Estate-Backed Loan Could Be Your Best Option For Regular Passive Income

Since BigFundr’s targeted Deal returns of more than 6% nett p.a. are currently higher than fixed deposits and provide more stability than equity investments, investors can now diversify into investing ...

Posted on 03/08/2023

Singapore’s Bank DBS Second-Quarter Net Profit Jumps 48% On-Year

SINGAPORE (Reuters) - Singapore's biggest bank DBS Group reported on Thursday a 48% rise in net profit in the second quarter from a year earlier on the back of stronger total income growth.

Posted on 03/08/2023

Singapore’s Indian origin investment Guru Narayana Iyer Narayanan dies

Singapore’s investment guru Narayana Iyer Narayanan, who represented the interests of minority stakeholders in major corporations, has passed away. He was 95. Narayanan, who had deep knowledge of the ...

Posted on 03/08/2023

Finmo launches in Singapore after securing MPI license

Finmo, a payments company headquartered in Singapore, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Posted on 03/08/2023

SG’s Keppel Corporation, HSBC HK Seal MOU for Carbon Reduction Co-op

Keppel Corporation, through its infrastructure division Keppel Infrastructure, and HSBC Hong Kong signed a Memorandum of Understanding (MOU) in Singapore on 24 July to explore coll... Keppel ...

Posted on 02/08/2023

Singapore’s PM defends governance after scandals

Singapore’s prime minister has defended its reputation for clean governance after a corruption investigation and an “inappropriate” parliamentary relationship tarnished the city-state’s image just as ...

Posted on 02/08/2023

Singapore’s Lee slashed arrested minister’s pay

Opposition lawmakers are also asking if the government received any requests from the UK related to Formula One mogul Bernie Ecclestone’s alleged undisclosed assets of $650 million in a Singapore bank ...

Posted on 02/08/2023

Cheques, passbooks and 1-cent coins: 5 ways money and banking transactions have changed in Singapore

Amid falling cheque usage and higher processing costs, banks in Singapore will start charging customers for issuing Singapore dollar-denominated cheques by November.

Posted on 02/08/2023

3 Singapore Blue Chip Stocks That Raised Their Year-on-Year Dividends

We throw the spotlight on three blue-chip stocks that recently upped their dividends. United Overseas Bank, or UOB, is Singapore’s third-largest bank by market capitalisation. The lender is enjoying a ...

Posted on 02/08/2023

Woman jailed for tricking teacher into ‘investing’ S$145,500 in fake SAF eMart business

The victim got to know the accused after buying items from her shops in Beach Road for his National Cadet Corps students.

Posted on 02/08/2023

Are We In A Schrödinger’s Recession? Understanding The Dual Reality of Recovery and Recession In Singapore

Nobody is certain if we are truly in a recession yet even though we have been bracing for it. When you look at the intricacies of market trends, consumer behaviour, and government policies, some signs ...

Posted on 02/08/2023

OCBC customers can use bank’s app to pay merchants in 47 markets including China

SINGAPORE - OCBC customers will be able to use the bank’s digital app from Friday to make retail payments to UnionPay QR-enabled merchants in 47 markets from their OCBC Singapore bank accounts. They ...

Posted on 02/08/2023

CapitaLand India Trust’s projected three-year DPU CAGR of 7% has DBS analysts reiterating ‘buy’ call

DBS Group Research analysts Derek Tan and Dale Lai are reiterating their “buy” call on CapitaLand India Trust (CLINT), with an unchanged target price of $1.45, citing the REIT’s “robust growth ...

Posted on 02/08/2023

Average Singapore consumer needs to save at least $1,733 per month over 27 years to feel financially free: survey

To feel financially free, the average consumer in Singapore would have to save at least $1,733 per month over approximately 27 years to accumulate a median savings of $566,640, according to a survey ...

Posted on 02/08/2023

Singapore: MAS to Strengthen Defense Against Money Laundering Risks in Single Family Offices

MAS recently launched a public consultation on a revised framework to strengthen surveillance and defense against money laundering.

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