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Tag: banking

Posted on 05/07/2023

Billionaire Wee Cho Yaw’s UOL To Sell Singapore Hotel For $389 Million To Tycoon Choo Chong Ngen

Pan Pacific Hotels Group is selling one of its hotels in Singapore to Midtown Properties, a company owned by tycoon Choo Chong Ngen, founder of the Hotel 81 budget hotel chain, for S$525 million ($389 million).

Posted on 05/07/2023

Singapore Bank DBS Starts e-CNY Collection Platform

The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.

Posted on 05/07/2023

Singapore bank DBS allows e-CNY settlements

According to a Wednesday announcement, clients of the Singaporean bank DBS can now receive payments in e-CNY, the digital currency issued by the Chinese central bank.

Posted on 05/07/2023

Singapore’s fight against inflation still on amid uncertain growth outlook -central bank

Singapore’s fight against inflation still on amid uncertain growth outlook -central bank By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for ...

Posted on 05/07/2023

Over 1 million queue numbers issued for Taylor Swift tickets within 10 minutes of UOB pre-sale

Some customers who managed to get to the payment page after selecting their tickets were unable to log in. Read more at straitstimes.com.

Posted on 05/07/2023

Taylor Swift’s UOB ticket presale: What more can be done to retain consumers?

With the surge in applications, it also begs the question of if new applicants will remain customers after the ticket sales are over and how UOB will measure the ROI from its association with Taylor ...

Posted on 05/07/2023

Live news: Singapore’s economic outlook has ‘dimmed’, says central bank chief

“Inflation appears to have peaked globally though there is uncertainty over how quickly inflation will return to targets,” said Ravi Menon, managing director of the Monetary Authority of Singapore, in ...

Posted on 05/07/2023

Singapore’s Central Bank Posts Record Annual Net Loss

Singapore’s central bank posted a record annual loss due to the currency-translation effects of a stronger Singapore dollar and high interest expenses from mopping up excess liquidity in the banking ...

Posted on 05/07/2023

MAS broadens tax incentives to encourage single family offices to invest in Singapore

THE Monetary Authority of Singapore (MAS) is expanding its scope of tax incentives for single family offices (SFOs) in Singapore to encourage them to deploy capital in the country more purposefully ...

Posted on 05/07/2023

International law firms double down on Singapore expansion

Driven by the continued flow of institutional money and private wealth into Singapore, firms are betting big on the Lion City ...

Posted on 05/07/2023

StanChart and Atome Form First-Of-Its-Kind Lender of Record Partnership

Standard Chartered announced that it has formed the first-of-its-kind Lender of Record partnership in Singapore with Atome.

Posted on 05/07/2023

Over 1 million in virtual queue for Taylor Swift S’pore’s UOB presale

The UOB presale for Swift's tickets began at 12pm on Jul. 5 but some Swifties were facing problems entering the Ticket Master website at least an hour before the start of the presale. The problem, ...

Posted on 05/07/2023

Taylor Swift fans brace themselves as UOB ticket presales start for Singapore concerts

Wednesday (Jul 5) marks the day of UOB presales for Taylor Swift’s upcoming Singapore concerts and if past concert sales have been any indication, it will be an absolute bloodbath. Common problems ...

Posted on 05/07/2023

How To Get Tickets For Taylor Swift’s 2024 Singapore Concert On 7 July

Taylor Swift is coming to Singapore, and if Coldplay was anything to go by, her six-day The Eras Tour stopover in town will see tickets being snapped up in an instant. It’s going to be a battle – nay, ...

Posted on 05/07/2023

DBS launches e-CNY merchant collection solution in China amid growing CBDC usage

e-CNY usage in China has grown steadily since its pilot launch in April 2020. There were over 13.6 billion e-CNY in circulation as at December 2022. The CBDC is currently accepted across 26 cities and ...

Posted on 05/07/2023

Analysts await details on OCBC’s $3 bil incremental revenue goal, expected at 1HFY2023 earnings call on Aug 4

Oversea-Chinese Banking Corporation (OCBC O39 0.33%) unveiled on July 3 its branding and strategic refresh, which includes a target to deliver an incremental $3 billion in cumulative revenue between 2023 and 2025. Analysts, however, have kept their views for now.

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