Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net ...
Singapore readies roll out of anti-money-laundering platform to prevent a 1MDB repeat
The platform, called Cosmic, is meant to make it easier for financial institutions to share information on risky clients, and detect and deter scams, money laundering and terrorism financing.
MAS proposes digital platform to help banks easily detect financial crime
It will detect customers who exhibit multiple “red flags” linked to financial crime. Singapore’s central bank said it proposes to launch a secure digital platform that will act as a guide for banks ...
Losing Streak Likely To Continue For Singapore Stock Market
The Singapore stock market has moved lower in three straight sessions, slipping more than 25 points or 0.8 percent along the way. The ...
Singapore bank OCBC posts record quarterly profit, upgrades margin guidance
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday its best-ever quarterly profit and upgraded its net interest margin guidance for the full year on the back ...
Singapore bank OCBC’s Q1 net profit jumps 39% to record $1.42 billion
Singapore's second biggest lender Oversea-Chinese Banking Corp (OCBC) on Wednesday reported a 39% jump in its first-quarter net profit from a year earlier on the back of strong net interest income ...
Singapore bank OCBC posts record Q1 profit, beat expectations
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net ...
OCBC Q1 profit jumps 39% to record $1.88 billion; CEO cautious on tighter financial conditions
The bank's earnings beat the $1.74 billion forecast by analysts in a Refinitiv poll. Read more at straitstimes.com.
Olam Agri’s Singapore-Saudi $1.3 billion dual listing may launch as early as June: Sources
The dual IPO in Singapore and Saudi Arabia would make Olam Agri the first company to list in both countries. Read more at straitstimes.com.
Nexus Select Trust REIT IPO:Issue subscribed 28% on Day 1; Non Institutional Investors steal the show; check details
The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share.
Billions of Android owners warned of devastating bank-draining mistake after woman ‘loses $20,000 while she slept’
A WOMAN in Singapore has reportedly been swindled out of $20,000 after using a QR code that had been set up by cyber criminals. The woman, in her 60s, scanned a QR code she saw on a sticker in a ...
Singapore taps HSBC, Citi for rigid money laundering controls
Foreign and local banks in Singapore will be required to share information with one another on a digital platform that will make it easier to raise red flags on potential money laundering acts, as the ...
KKR, Macquarie Eyeing Singapore’s Waste Management Firm SembWaste – Sources
Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources. HSBC declined to comment. First-round of ...
Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC, and More
Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period ... ICBC (3.65% p.a.—$500 for 3 months) Citibank (4.00% p.a.—$250,000 for 3 months) HSBC (3.75% p.a.—$30,000 for ...
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023. Singapore has long set its sights on making the crown the world’s greenest city; and its ...
Olam Agri’s Singapore-Saudi $1 billion dual listing may launch as early as June – sources
Agri-food giant Olam Group aims to launch in June the dual initial public offering (IPO) of its agricultural unit that could raise up to $1 billion in Singapore and Saudi Arabia, two sources with ...