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Tag: banking

Posted on 15/05/2024

Singapore’s new prime minister vows to ‘lead in our own way’ as Lee dynasty ends after half-century

Amid China-U.S. rivalry, he said Singapore — which has stayed neutral — would continue to engage both nations. Wong has retained the Cabinet and held onto his finance portfolio as he prepares for his ...

Posted on 15/05/2024

Singapore’s new PM takes office pledging to lead his own way

Wong will retain his position as finance minister and takes charge of a country led for two decades by Lee Hsien Loong, the 72-year-old son of Lee Kuan Yew, the founder of modern Singapore who stayed ...

Posted on 15/05/2024

Singapore’s Incoming Leader Wong Confronts Domestic, International Risks

Here's what that might look like. Joe Biden told Yahoo Finance he thinks China will retaliate to sweeping new tariffs on Chinese imports, but he expects any trade conflict to be manageable. Bitcoin's ...

Posted on 15/05/2024

DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?

It can be a tough decision to decide between the three big local banks. We simplify the decision by comparing various metrics across the lenders. The post DBS, OCBC or UOB: Which of the Three ...

Posted on 15/05/2024

Seatrium, Other Singapore Stocks Slump After Being Cut From MSCI Index

By Kimberley Kao A handful of Singapore stocks led by Seatrium fell Wednesday after stock market index compiler MSCI removed the companies from its ...

Posted on 15/05/2024

Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Posted on 15/05/2024

CGS International and DBS maintain bullish stance on Frasers Property even with 1HFY2024 miss

CGS International and DBS Group Research have kept their respective positive calls on Frasers Property , following lower-than-expected 1HFY2024 earnings, no thanks to fair value losses booked for its ...

Posted on 15/05/2024

Singapore to get guitar-playing new PM in first transfer of power for 20 years

Lee Hsien Loong will stand down and hand power to his deputy Lawrence Wong at a challenging time for the city state ...

Posted on 15/05/2024

Singapore budgets $2.4B to boost ICT infrastructures and digital services

At least 60% of this figure, which is budgeted for ICT procurements in Singapore's fiscal 2024, will go toward modernizing and improving the country's digital infrastructures. At SG$2.1 billion, the ...

Posted on 15/05/2024

Singapore shares fell on Wednesday—STI dipped by 0.4%

SINGAPORE: Singapore shares fell on Wednesday morning due to declines among index counters after a... The post Singapore shares fell on Wednesday—STI dipped by 0.4% appeared first on The Independent S ...

Posted on 15/05/2024

Bank of Singapore ‘bullish on Hong Kong’ as it hires bankers to tap growth opportunities in China, CEO says

Bank of Singapore, the private banking unit of Oversea-Chinese Banking Corp (OCBC), is expanding its family office business in Hong Kong, as it is bullish about its growth prospects in the city and ...

Posted on 15/05/2024

Standard Chartered completes Euro-denominated cross-border transactions on Partior network

First Euro settlement bank to go live on global unified ledger for clearing and settlement Singapore – Standard Chartered today announced the successful completion of Euro-denominated cross-border ...

Posted on 15/05/2024

$3b money laundering case: 6th man gets jail and forfeits $180m, highest amount of assets seized

The accused in Singapore’s $3 billion money laundering case who faced the most number of charges has also forfeited the most amount of assets seized to the state. Vang Shuiming, 43, was sentenced to ...

Posted on 15/05/2024

Commentary: Lawrence Wong as Prime Minister and Finance Minister – it could give him an advantage

Lawrence Wong will remain Finance Minister after he becomes Prime Minister on Wednesday (May 15). Double-hatting gives him the opportunity to front the next Budget before the General Election is ...

Posted on 15/05/2024

Singapore To Swear In Lawrence Wong As New Prime Minister

"The core principle of what Singapore is about will remain because it is a system that has worked for many years. But I think his style may be slightly different because he comes from a different ...

Posted on 15/05/2024

End of Lee era for Singapore as PM steps down

After 20 years in power Lee Hsien Loong is stepping down, marking the end of a political era for the tiny island nation.

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