The SGD has weakened against the USD this week and this could put upward pressure on swap rates, Bloomberg says ...
Asia Financial Stocks Slip as US Credit Worries Jolt Investors
The recent bankruptcies of U.S. auto parts supplier First Brands and car dealership Tricolor have put a spotlight on the risk controls of banks and the opaque credit market, where complex loans have ...
Singapore launches BLOOM to boost cross-border payments
Singapore’s MAS launches BLOOM to expand tokenized finance and cross-border payments using stablecoins and digital bank money.
Trumpian world provides opportunities for Asean: UOB’s Chin
UOB's head of wholesale banking looks to capture 5% of US$1.5 trillion addressable market in Asean with extensive regional footprint ...
‘Once-in-a-generation’ supply chain reset can position Asean as global engine: UOB
A paper by the bank says Asean can benefit from worldwide shifts in near-shoring and investment, though intra-region challenges remain Read more at The Business Times.
Singapore’s GIC Seeks Damages From Automaker NIO in U.S. Suit
GIC filed a U.S. lawsuit seeking damages from NIO, alleging that the Chinese electric-vehicle maker inflated the value of its securities.
UOB projects Asean inbound FDIs to grow to US$370 bil by 2030; Asean ‘more relevant than ever’, says CEO Wee
The estimate, shared at UOB’s Gateway to Asean conference on Oct 16, comes as the region emerged as a key beneficiary from the shift in global supply chains.
CLI-managed Extra Space Asia investing nearly $100 mil to develop Kaki Bukit site, acquire three Tokyo facilities
Tim Alpe, managing director and head of Extra Space Asia, says his team aims to grow ESA’s portfolio to $2 billion by 2028.
Singapore’s DBS, Banque Saudi Fransi join forces to boost payment flows across Asia, GCC
DBS Group, the largest bank in Southeast Asia, said on Thursday that it has partnered with Riyadh-based Banque Saudi Fransi to strengthen trade finance and payment flows between Asia and Saudi Arabia.
DBS and Banque Saudi Fransi to work together on trade finance and payment flows between Asia and Saudi Arabia
Under the MOU, DBS and BSF will provide trade financing solutions such as letters of credit, bankers’ guarantees and trade loans to each other’s clients.
CLI’s self-storage unit invests close to S$100 million in Singapore flagship project; acquires 3 Tokyo facilities
When completed, the Singapore facility will expand ESA’s portfolio in the city to 13 properties with more than 1.5 million sq ft of gross floor area Read more at The Business Times.
Higher income eligibility cap for MOE financial aid schemes, bigger transport subsidies for students
SINGAPORE: Higher income eligibility ceilings across financial assistance schemes offered by the Ministry of Education (MOE), and bigger transport subsidies for primary and secondary students from ...
Capital Group offers DBS/POSB customers access to world’s largest multi-asset strategy from $1,000
Launched in 1975, Capital Group American Balanced strategy is the world’s largest multi-asset strategy, managing US$258 billion. Capital Group is waiving upfront costs for DBS/POSB customers.
DBS CEO Tan Su Shan’s one big lesson for getting through Trump’s tariffs: ‘Diversify’
DBS CEO Tan Su Shan took on the top job just before an economic storm struck. The veteran of the Singapore-based bank, Southeast Asia’s largest, assumed the role in March, just a few days before U.S.
Industrial property developer Soon Hock Enterprise opens 8.6% above IPO price in mainboard debut
[SINGAPORE] Industrial property developer Soon Hock Enterprise debuted on the mainboard of the Singapore Exchange (SGX) on Thursday (Oct 16), opening 8.6 per cent or S$0.05 above its initial public ...
Industrial property developer Soon Hock IPO 9.8 times subscribed
[SINGAPORE] Industrial property developer Soon Hock on Wednesday (Oct 15) said that its 21.6 million shares on offer were 9.8 times subscribed. Its Singapore public offer of 2.8 million shares were 16 ...