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Tag: banking

Posted on 15/07/2025

MAS records net profit of $19.7 billion, fuelled by investment gains

In the previous financial year, MAS was in the black with $3.8 billion from a net loss the year before.  Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 15/07/2025

Singapore financial sector growth doubles in 2024, assets managed cross $6 trillion in a first: MAS

MAS says the fast pace is unlikely to persist as slower global growth threatens amid tariff uncertainties. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 15/07/2025

Singapore proposes to strip money launderers of directorships

Singapore proposes barring convicted money launderers from serving as company directors, following a $3-billion scandal that rocked its financial reputation.

Posted on 15/07/2025

The Westin Singapore Presents “Mind Over Miles” Fireside Chat to Celebrate Third Year with Standard Chartered Singapore Marathon

In celebration of our third year as the Official Elite Hotel of the Standard Chartered Singapore Marathon, The Westin Singapore proudly presents "One Race, Many Journeys: Mind Over Miles" — an ...

Posted on 15/07/2025

Singapore to Bar Money Laundering Offenders from Becoming Company Directors

Singapore may soon bar individuals convicted of certain money laundering offences from serving as company directors.

Posted on 15/07/2025

T5, mega projects fuel optimism for Singapore’s civil engineering sector

SINGAPORE] The five-year outlook for Singapore’s civil engineering sector is expected to be positive five-year outlook, buoyed by large-scale public infrastructure projects such as Changi Airport ...

Posted on 15/07/2025

OCBC raises fair value for Sembcorp Industries to $8.45 following increased stake in Senoko Energy

OCBC expects SCI's earnings to be supported by the incremental stake in Senoko Energy, as well as SCI's own expansion in renewable capacity ...

Posted on 15/07/2025

Seatrium gets $400m sustainability-linked loan from Singapore’s UOB Bank

The shipyard group has clinched more than $2.34bn in sustainability-linked loans since 2023 For ads that aren’t personalized, ad measurement, audience surveys, and service development we and our ...

Posted on 15/07/2025

Seatrium secures US$400 million sustainability-linked revolving credit facility from UOB

Seatrium has secured a US$400 million sustainability-linked revolving credit facility with UOB. Since 2023, Seatrium has secured over $3 billion in sustainability-linked loans and green financing.

Posted on 15/07/2025

Singapore IPO revival hopes pick up with NTT’s REIT debut gains

SGX’s biggest IPO in 8 years – boosts hopes for a market revival, with GIC backing and strong investor demand.

Posted on 15/07/2025

Singapore Dollar Consolidates Ahead of U.S. CPI Data

The Singapore dollar consolidated against its U.S. counterpart in the Asian session ahead of U.S. CPI data due later today.

Posted on 15/07/2025

Seatrium has secures US$400 million sustainability-linked revolving credit facility from UOB

Seatrium has secured a US$400 million sustainability-linked revolving credit facility with UOB. Since 2023, Seatrium has secured over $3 billion in sustainability-linked loans and green financing.

Posted on 15/07/2025

DBS Appoints Former Deutsche Bank Switzerland CEO to Lead Middle East and Africa Private Banking

DBS has appointed former Deutsche Bank Switzerland CEO Loic Voide to lead its private banking business in the Middle East and Africa, with effect from August 1.

Posted on 15/07/2025

Singapore and China reaffirm green finance cooperation

They are advancing discussions on taxonomy criteria for transition activities. Singapore and China’s central banks have reaffirmed their commitment to advance cooperation in green and transition ...

Posted on 15/07/2025

Singapore banks’ CRE risks could stay low in 2H2025

The local banks’ CRE loans which are largely in Singapore and Hong Kong, are set to stay resilient in 2H2025 with low defaults and limited systemic risk.

Posted on 15/07/2025

Singapore to invest over S$6m to train international aviation, maritime officials

Singapore will invest more than S$6 million to train foreign aviation and maritime officials, especially those from developing countries. The training will cover areas such as sustainability and ...

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