THE raising of deposit caps for digital banks is unlikely to impact the profitability of Singapore’s trio of local banks – DBS, UOB and OCBC, Fitch Ratings said in a report on Sunday (Jul 23). Read ...
Senior Banking Leaders Set to Gather at MoneyLIVE Asia This September
MoneyLIVE Asia will be held at the Marina Bay Sands, Singapore this 12-13 September 2023 to unite some of the most innovative banking and payments leaders from across Asia. At the event, industry ...
OCBC appoints Mike Ng as its first chief sustainability officer
Ng was appointed OCBC's head of sustainability office in the bank’s global wholesale banking unit in June 2022.
Singapore banks’ loan growth, fee income ‘largely weak’; DBS urges ‘hold’ before 2QFY2023 results
UOB is set to announce its results for 1HFY2023 on July 27, while DBS and OCBC will follow on Aug 3 and Aug 4 respectively.
Singapore shares muted at open after global markets end mostly higher
SINGAPORE stocks opened muted on Tuesday (Jul 25) after stock markets in the United States and Europe closed mostly higher with the approach of the earnings results season. Read more at The Business ...
Singapore Bourse Called Rangebound Again On Tuesday
The Dow jumped 183.55 points or 0.52 percent to finish at 35,411.24, while the NASDAQ rose 26.06 points or 0.19 percent to close at 14,058.87 and the S&P 500 added18.30 points or 0.40 percent to end ...
Singapore’s Keppel, HSBC sign agreement for decarbonisation solutions
Singapore's Keppel Corporation said on Tuesday it signed an agreement with HSBC for pursuing energy transition opportunities aimed at reducing emissions in Greater Bay Area and across Asia.
Concert tickets, vacuum cleaners and more: Will credit card sign-up incentives help banks retain customers?
While giving away freebies may increase initial customer acquisition, this is not sustainable in the long run, says a marketing expert.
Singapore banks Q2 performance to be weighed down by higher costs, weaker loans: Analysts
Earnings for the three banks are expected to peak in 2023 as loan growth tapers off and costs rise, say analysts. Read more at straitstimes.com.
DBS downgrades Grab to ‘fully valued’ on ‘structural challenges’
DBS Group Research analyst Sachin Mittal has downgraded NASDAQ-listed Grab to “fully valued” from “hold” previously as he sees the company facing a dilemma between focusing on growth or its ...
Singapore banks’ Q2 to be weighed down by higher costs, weaker loans: analysts
ANALYSTS across the board are once again expecting a weaker quarterly performance from the trio of local banks in their upcoming Q2 update, amid a continued rise in costs and provisions. Read more at ...
Higher deposit caps for digital banks not likely to impact DBS, OCBC and UOB: Fitch Ratings
Digital bank GXS, which is backed by Grab and Singtel, said on July 19 that it will raise the limit for deposits from $5,000 per account to the new $75,000 threshold. Separately, Sea-owned MariBank ...
United Overseas Bank: Attractive Growth Potential And Dividend Yield
United Overseas Bank presents an appealing investment opportunity with strong growth prospects and solid fundamentals. Read why I'm bullish on the stock.
Beware of fake ads from scammers misusing PM Lee’s image to sell investment opportunities
Ads misusing PM Lee Hsien Loong's image and pointing to scam sites that impersonate CNA's website have surfaced recently. "If the ad uses my image to sell you a product, asks you to invest in some ...
Singapore, Hong Kong reaffirm close and longstanding relations
Hong Kong's chief executive John Lee is in Singapore for the first time since becoming the territory’s new leader just over a year ago.
Singapore youth environmentalists are fighting climate change – and impostor syndrome
Singapore youth environmentalists are fighting climate change – and impostor syndrome. They say access to information on sustainability is easy, and it is challenging to build a specific niche.