The Citi PremierMiles Card used to be in the spotlight for the longest time: It was considered one of the most popular Citibank credit cards, and once upon a time, some even regarded it as the best ...
Month-long police-DBS operation prevents 3,900 from losing over $21 million through scams
SINGAPORE - A month-long joint operation by the Singapore Police Force (SPF) and DBS bank prevented more than 3,900 victims from losing over $21 million through scams, the police said on Thursday.
Impact of Basel IV on Singapore banks ‘manageable’: Bloomberg
Capital in Singapore banks looks to remain ‘robust’ in second half of the year as well, says Bloomberg Intelligence's Rena Kwok.
GSK’s Tuas vaccine facility is Singapore’s largest after over $300m investment added: Gan Kim Yong
SINGAPORE - The expansion of British drugmaker GSK’s facility at Tuas has earned the title of Singapore’s largest vaccine production site based on a cumulative investment of some $850 million, said ...
Senco Gold IPO grey market premium rises after allotment; check latest GMP
The Rs 405-crore IPO of Senco Gold was overall subscribed 77.25 times. The issue was open for subscription between July 4-6 in the price range of Rs 301-317 per share.
Asia’s best bank 2023: HSBC
Football clubs undergoing a period of transition often talk of needing a transfer window or two to get where they need to be. More often than not, this doesn’t work. Better-run teams continue to make ...
Gig workers ‘most financially stretched’ group in Singapore; spending exceeds income: DBS study
Savings for this group have dropped to “unhealthy levels” as spending exceeded take-home incomes, the annual study by the bank showed.
Gig workers most financially stretched by high inflation, interest rates: DBS
AGAINST the backdrop of high inflation and interest rates, gig workers are found to be the most financially stretched among all of DBS’ customer groups. Read more at The Business Times.
Grab, Sea asking Singapore to lift digital banks’ deposit cap: Sources
Grab’s GXS Bank neared the regulatory cap “within months” of launching its savings account. Read more at straitstimes.com.
Ahead of 1HFY2023 results, OCBC is UOBKH’s top pick among local banks
UOB is set to announce its 1HFY2023 results on July 27, while DBS will do the same on Aug 3 and OCBC on Aug 4.
UOB’s 2QFY2023 earnings to be “sequentially softer” as NIMs start slipping: CGS-CIMB
Analysts Andrea Choong and Lim Siew Khee have reiterated their “add” call, with an unchanged target price of $33.30.
7 Life Science IPOs in 2023
A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
Grab, Sea Push Singapore to Lift Digital Banks’ Deposit Cap
Singapore’s new digital banks backed by Grab Holdings Ltd. and Sea Ltd. are pushing the country’s central bank to lift a cap on deposits that they see as hamstringing their growth.
Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme
Trafigura issued a worldwide freezing order on Gupta in February and alleged it was victim of a “systematic fraud” perpetrated by Gupta that led to the discovery of more than 1,000 containers holding ...
Saudi wealth fund PIF joins Temasek of Singapore in reporting steep 2022 investment losses amid slump in US, China markets
Two of the world’s biggest wealth funds reported steep investment losses in 2022 as markets slumped. More than US$8.8 trillion of value evaporated from benchmark index stocks in the US and Hong Kong.
Singapore’s Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties
Temasek Holdings faced its worst returns in seven years and had written down a $275 million stake in the now-bankrupt crypto exchange FTX, to zero last year.