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Tag: banking

Posted on 14/11/2023

Beyond profits, GIC considers the impact of its investments: CEO Lim Chow Kiat

GIC's investments have had a positive impact around the world by supporting businesses, building infrastructure and creating jobs, says CEO Lim Chow Kiat.

Posted on 14/11/2023

Harnessing day-job skills for charitable purposes

StanChart hopes to leverage the professional skills, experiences and interests of employees to deepen its philanthropic efforts Read more at The Business Times.

Posted on 14/11/2023

OCBC to invest $30m in staff development over 3 years

SINGAPORE - OCBC Bank is investing $30 million over the next three years to help staff progress in their careers and prepare them, as well as the organisation, for future disruptions. Senior leaders ...

Posted on 14/11/2023

Singapore’s homeownership rate is 80%. Could a housing solution there work in Hawaii?

Hawaii lawmakers and housing advocates hungry for new solutions are looking to the Southeast Asian city-state for some potential answers.

Posted on 14/11/2023

YY Group Files for IPO at $4 to $5/Share

By Dean Seal YY Group Holdings has filed paperwork with regulators for an initial public offering with an offering price of $4 to $5 a share.

Posted on 14/11/2023

DBS puts ‘hold’ call on Genting Singapore under review, citing higher-than-expected $6.8 bil capex plan

"This also suggests that the Singapore tourism landscape has shifted towards attracting a greater proportion of wealthier tourists, which justifies its revised $6.8 billion capex budget over the next ...

Posted on 13/11/2023

Behind the Scenes of Prince William’s Earthshot Prize: Singapore ‘Took It Up a Notch,’ Says Photographer

Prince William's Earthshot Prize in Singapore "took it up a notch," says royal photographer who shared never-before-seen images from the event ...

Posted on 13/11/2023

Stock Market Today: Dow Futures Slip After Friday’s Strong Showing

Singapore-based investment firm Foresight Ventures has acquired an 80% stake in crypto news publication The Block for $60 million, according to a person familiar with the matter. Foresight Ventures ...

Posted on 13/11/2023

Three indicators to identify stress in the banking system, and what they show now

THE banking sector has been grappling with slowing loan growth, rising interest rates and greater macroeconomic uncertainty. Read more at The Business Times.

Posted on 13/11/2023

Genting Singapore’s net profit jumps 59% YoY to $216.3m in 3Q23

Genting Singapore recorded a net profit of $216.3m in 3Q23, a 59% jump from 3Q22. In the same period, the company saw a 33% YoY growth in its revenue to reach $689.9m. Meanwhile, the company announced ...

Posted on 13/11/2023

‘The investment we make will pay off’: 3 Singaporean leaders explain why they’re prioritising mental health

THE way we work was fundamentally changed by the Covid-19 pandemic; for many, that process was stressful and difficult to navigate. The Business Times (BT) spoke to three corporate leaders in ...

Posted on 13/11/2023

BT Mark to Market: How to fix Singapore’s stock market (Ep 37)

Find out more about subscription packages here. The Singapore market’s poor performance and lack of exciting new listings are multifaceted problems that require simultaneous action on different fronts ...

Posted on 13/11/2023

Market gyrates between fear and hope

Fed chair Jerome Powell said last week the US central bank won’t hesitate to tighten more if needed. Read more at straitstimes.com.

Posted on 13/11/2023

Reliance on finance influencers growing amongst Singaporeans: report

In parallel, "scam victims" became a prominent keyword in finance and cybersecurity conversations on social media, rising by 79% to 21,900 mentions. "Social media serves as a vital platform, providing ...

Posted on 12/11/2023

Bank staff stop woman who tried to transfer over $50,000 to ‘husband’ overseas

SINGAPORE - Insisting her husband who lived abroad needed money, a woman in her 70s tried to transfer more than $50,000 at UOB's Tampines branch in September. But when bank staff asked her for the ...

Posted on 12/11/2023

Bank staff stops woman who tried to transfer over $50,000 to ‘husband’ overseas

SINGAPORE - Insisting her husband who lived abroad needed money, a woman in her 70s tried to transfer more than $50,000 at UOB's Tampines branch in September. But when bank staff asked her for the ...

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