One seasoned traditional finance player wasn’t in much of a rush, though. Singapore-based DBS Bank, a regional banking behemoth headquartered in the same venue as the conference, Marina Bay Sands, ...
Temasek hires Goldman Sachs for Singapore Power’s 40% stake sale in Aussie energy firm Jemena – AFR
Temasek has hired Goldman Sachs to find a buyer for its unit Singapore Power's 40% stake in Australian gas and electricity distributor Jemena, the Australian Financial Review reported on Wednesday.
Why the bank of the future is not really a bank
In the past year, ANEXT Bank has been embarking on discovering the best way to service Singapore’s underserved small and medium enterprises (SMEs). Business loans were offered for as low as S$5,000 ...
Singapore Reits hammered by interest rate fears as bond yields soar
While the higher-for-longer outlook for interest rates has mauled stock markets, the real estate segment, and in particular the Reits sector, has borne the full force of the sell-down this week. Many ...
9 in 10 S’porean finance leaders spend their time on manual back-office tasks
About 40% of finance leaders in Singapore prioritise investments in automation. 89% of finance leaders in Singapore spend more than half of their time on these manual back-office tasks significantly ...
UOB joins LCH as a member of SwapClear and ForexClear
The bank’s inclusion marks the completion of all Singapore local banking groups joining as direct members of SwapClear.
S-REITs not yet in vogue, DBS continues to favour industrial and retail subsectors
Although the US Federal Reserve’s (Fed) guidance of tighter monetary conditions is restricting Singapore REITs (S-REITs) near-term re-rating potential, DBS Group Research analysts do not see major ...
UOB forms sustainability advisory panel
Singapore-based UOB has set up a sustainability advisory panel comprising sustainability and industry experts to independently advise the bank’s board and management on its sustainability strategy, ...
Elderly Singapore man pays US$51,000 for imaginary Peking duck as scammers steal his life savings
The 74-year-old said he was attracted by a deal on Facebook offering 1.5kg of Peking duck for the equivalent of US$17.30. It ended up costing him almost US$51,000.
Singapore Defends Reputation As $2 Bn Money Laundering Case Widens
Reports that China had put any pressure on Singapore to resolve the case were "completely untrue," she added. Second Minister of Finance Indranee Rajah said an inter-ministerial committee will be ...
Govt says S$2.8b money laundering case enforcement shows S’pore’s commitment to keep clean
MAS has a three-pronged strategy to bolster the country's defences against money laundering and terrorism financing risks.
UOB appoints WEF, Schneider Electric, Seatrium leaders to new sustainability advisory panel
The trio of sustainability and industry experts will advise UOB’s leaders on its sustainability strategy, targets and initiatives.
UOB sets up Sustainability Advisory Panel with appointment of sustainability and industry experts
UOB has set up a Sustainability Advisory Panel comprising sustainability and industry experts to independently advise the Bank's Board and Management on its sustainability strategy, targets and ...
DBS partners with The Secret Little Agency to show their support for Singapore’s hawkers
Like many business owners in Singapore, food hawkers are in a tough spot. Most of them would rather not raise prices or reduce their portions, but the realities of rising inflation, rental costs and ...
Singapore shares fall at Wednesday’s open, tracking global sell-off; STI down 1.1%
SINGAPORE stocks opened weaker on Wednesday (Oct 4), following overnight losses in global markets as surging Treasury yields weighed on investor sentiments. Read more at The Business Times.
Premature to judge banks’ culpability in S$2.8b money-laundering case, says Josephine Teo in response to Leong Mun Wai
Funds in bank accounts that are seized in money laundering cases do not belong to the banks involved, and the amount of these funds should not be linked to the banks' culpability in such cases before ...