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Tag: banking

Posted on 29/06/2023

Singapore central bank and bourse collaborate with climate panel to bolster access to transition data

Singapore’s central bank and the local bourse will collaborate with the Climate Data Steering Committee (CDSC) on strengthening global access to climate transition data. The Monetary Authority of ...

Posted on 28/06/2023

Singapore stocks up along with regional markets

Gainers outnumbered losers 289 to 216, after 1.2 billion securities worth a collective $970.8 million changed hands. Read more at straitstimes.com.

Posted on 28/06/2023

Singapore’s MAS wants to increase deposit insurance coverage to S$100,000/pax

"MAS’ proposals are not in response to the stresses faced by some banks abroad earlier in the year. The key to ensuring a safe and resilient banking system is through pre-emptive safeguards, meaning ...

Posted on 28/06/2023

Jewel Changi Airport and UOB partner to incentivise tourist spend

Jewel Changi Airport (Jewel) and UOB (United Overseas Bank) have partnered to drive value, incentivise and grow spend among inbound tourists, especially from ASEAN, and local residents at Jewel.

Posted on 28/06/2023

Brokers’ Take: DBS downgrades HRnetGroup to ‘hold’ as labour market softens

DBS Group Research on Wednesday (Jun 28) downgraded HRnetGroup to “hold” from “buy” as it expects softness in the Singapore and China’s economies to hit the labour markets. Read more at The Business ...

Posted on 28/06/2023

DBS downgrades HRnetGroup, sharing similar concerns as CGS-CIMB’s earlier call

Andy Sim of DBS Group Research has downgraded his call on HRnetGroup from "buy" to "hold", citing concerns that a slowing economy will dampen the recruitment firm's business in its key markets of ...

Posted on 28/06/2023

Creador acquires 40% stake in the IPO-hopeful M’sian company behind ProDiet & ProBalance

The news comes months after Reuters reported on Pet World’s plans of an IPO in Singapore to raise S$100 million as early as the end of this year. Other than Pet World, Creador-backed Eco-Shop also ...

Posted on 28/06/2023

Singapore seeks views on financing standards for early phase-out of coal in Asia

SINGAPORE - The Republic is seeking public views on standards for financing a speedy but less disruptive phase-out of coal-fired power plants in Asia. The public consultation launched on Wednesday by ...

Posted on 28/06/2023

Standard Chartered Bank appoints Singapore-based global sustainability strategy chief

Former Credit Suisse sustainable finance executive Dana Barsky joins Standard Chartered Bank as its global head of sustainability strategy and net zero with a mandate to embed the bank's new emissions ...

Posted on 28/06/2023

Why are Singapore consumers still spending despite rising inflation and higher costs of living?

A key factor is that people have jobs and are confident that they can pay off mortgages and credit card bills. Read more at straitstimes.com.

Posted on 28/06/2023

How AI is Reshaping Banking in 2023

Artificial Intelligence is reshaping global finance by improving customer experience, operational efficiency, and more.

Posted on 28/06/2023

Singapore shares open higher on Wednesday; STI up 0.5%

SINGAPORE shares started trading in positive territory on Wednesday (Jun 28), tracking gains in the US and Europe markets. Read more at The Business Times.

Posted on 28/06/2023

GuocoLand secures $974 mil green facility to refinance Guoco Tower, launches green finance framework

This is GuocoLand’s largest green facility to date. GuocoLand has secured more than $2.4 billion of green financing to date.

Posted on 28/06/2023

4 Attractive Singapore Blue-Chip Stocks That Can Grow Your Investment Portfolio

If you are a seeker of stability combined with growth, then you may be interested in these four Singapore blue-chip names. The post 4 Attractive Singapore Blue-Chip Stocks That Can Grow Your ...

Posted on 28/06/2023

Schroders joins Singapore digital asset initiative, works on tokenised investment vehicle

Schroders says its tokenised vehicle will explore asset ownership linked to blockchain technology that could improve personalisation of investment products and make investment all ...

Posted on 27/06/2023

Singapore Moves Forward on Tokenized Assets: MAS Reveals Framework for Digital Assets

The Monetary Authority of Singapore (MAS) published a report proposing a framework for designing open, interoperable networks for digital assets.

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