Singapore’s sovereign wealth fund GIC and Genus Power Infrastructures have agreed to set up a joint venture platform to fund smart metering projects and have committed to invest $2 billion for the ...
How This Indian-Origin CEO Has Created A Succession Dilemma At Singapore’s Largest Bank
For more than 13 years, India-born Piyush Gupta has led one of Singapore’s most iconic and biggest institutions. The 63-year-old Gupta is the CEO of DBS Bank, which has played a key role in turning ...
Singapore’s $2 Billion Fintech Nium Eyes US IPO in Two Years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore stocks fall amid weaker regional sentiment; STI down 0.1%
Across the broader market, gainers beat losers 276 to 213 after 1.2 billion shares worth $607.2 million changed hands. Read more at straitstimes.com.
OCBC Bank drops Wing Hang Bank references in historic name changes for SAR arms
Singapore’s OCBC Bank has decided to remove references to Wing Hang Bank in the latest name changes for its Hong Kong and Macau operations. According to a
UBP Singapore boosts Asia team, hires seven
As Singapore asserts its position as a key global wealth management hub, Swiss private bank Union Bancaire Privée (UBP) has hired seven new members for its Singapore branch front office teams as part of its push to strengthen its presence across all Asian markets and deepen its penetration in the ultra-high-net-worth (UHNW) and family office ...
Singapore’s ‘Greedflation’: The island-state’s power squeeze is tighter than its housing crunch
Singapore's landlords may be able to squeeze out a few more quarters of rent increases before enough new housing supply gives tenants a semblance of bargaining power. Meanwhile, the wholesale power ...
Singapore Plans to Safeguard Cryptocurrency Investments with New Trust Requirement
Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the cryptocurrency market and protect investors from potential losses.
Stock market booked net institutional outflows of $2.66b in H1
The net institutional outflows were led by Financial Services and REITs. The Singapore stock market also booked net retail inflows of $1.48b in the first half (H1) of 2023, with market makers and ...
OCBC unveils unified brand across core markets, plans to expand teams in the region
The bank will double the number of relationship managers serving high-net-worth customers in the Premier Banking and Premier Private Client segment in Greater China by 2025.
Taylor Swift’s Singapore Gig Frenzy Propels UOB Card Signups
Taylor Swift fans across Asia have flocked to sign up for United Overseas Bank Ltd.’s cards as the frenzy to get hold of the pop star’s Singapore concert tickets heats up.
GIC-Backed $2 Billion Fintech Nium Targets US IPO in Two Years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore banks can’t afford to miss out on coal phase-out despite immense challenges
THE hot topic in South-east Asian sustainable finance these days is the early retirement of viable coal power plants, known in industry shorthand as coal phase-out. Read more at The Business Times.
Singapore’s OCBC Bank eyes expansion in China, Southeast Asia to tap growing demand for wealth management
Singaporean banking giant OCBC Group plans to expand in China and Southeast Asia in a bid to capture the strengthening trade relationships and growing demand for wealth management in the area, its boss said on Monday.
Singapore star banker creates succession dilemma for DBS
Piyush Gupta has led one of Singapore’s most iconic institutions, the bank that helped turn the South-East Asian city-state into one of the richest countries in the world.
Should you invest or insure first? Expert sheds light on common financial planning dilemma
Before seeking returns, build a strong financial foundation with insurance to protect yourself against life’s uncertainties. Read more at straitstimes.com.