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Tag: banking

Posted on 28/07/2023

Singapore home prices fall for 1st time in 3 years as red-hot pace slows

Data from the Urban Redevelopment Authority showed private property values slid 0.2 per cent from the previous three months, when they rose 3.3 per cent.

Posted on 28/07/2023

SG, UK boost cooperation in sustainable finance and fintech

The countries will cooperate on seven key areas. Singapore and the United Kingdom have agreed to further collaborate on joint projects in the areas of sustainable finance and fintech and innovation.

Posted on 28/07/2023

Analysis: Singapore loan interest rates set to plateau soon even after US Fed raises key rate to highest since 2001

Economists in Singapore largely expect interest rates here to plateau soon even though the United States central bank has just raised its benchmark ...

Posted on 28/07/2023

GIC cuts key quant unit in ‘tough’ overhaul of investment teams

The Systematic Investment Group, which had about 30 staff earlier this year, is being reorganized with some team members reassigned to different units while others are leaving to join external quant ...

Posted on 28/07/2023

UPDATE 2-Siltronic sees drop in sales this year of up to 19%, raises investment

Siltronic said it was preparing for its next growth phase by investing in its new Singapore factory, where it plans to produce state-of-the-art 300 mm wafers from 2024. It now plans to invest 1.3 ...

Posted on 27/07/2023

Siltronic Sees Drop in Sales This Year of up to 19%, Raises Investment

(Reuters) - German silicon wafer group Siltronic expects sales to fall up to 19% this year due to weak demand from the semiconductor industry but plans to invest in expansion to prepare for a recovery ...

Posted on 27/07/2023

UOB’s second-quarter profit up 27% to $1.4 billion; dividend of 85 cents declared

UOB’s earnings were in line with the forecast made by analysts in a Refinitiv poll. Read more at straitstimes.com.

Posted on 27/07/2023

‘No regrets’: Singapore lecturer sells house to raise $150k to finance 6 students’ university fees

This Singaporean lecturer has certainly gone big by selling his retirement home to raise $150,000 so he could send six students to study in Australia. Frankie Yee, 56, first met the six international ...

Posted on 27/07/2023

Best credit card promotions in Singapore (July to August 2023): Citibank, DBS, HSBC, UOB and more

When it comes to credit card promotions these days, we're spoilt for choice. Banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple ...

Posted on 27/07/2023

50% of young people in Singapore are actively investing: AIA survey

However, young respondents fall short in other areas of investment and financial management, according to the AIA survey. What are they?

Posted on 27/07/2023

ASEAN’s Fintech Sector Attracts US$5.7Billion; Singapore Leads

"In the surge of a $5.7 billion investment wave, Singapore cements its role as the crucial gateway in the ASEAN Fintech landscape.

Posted on 27/07/2023

Singapore investors head for property in Japan on weaker yen, Osaka casino resort bet

The World Expo, an international event held every five years, and the casino resort are expected to boost tourism. Read more at straitstimes.com.

Posted on 27/07/2023

Singapore’s UOB bank Q2 net profit rises 27pc on-year, in line with forecast

Singapore’s United Overseas Bank (UOB) reported today a 27 per cent increase in net profit in the second quarter from a year earlier that is in ...

Posted on 27/07/2023

Singapore Bank UOB’s Profit Tops Estimates on Lending Income

UOB’s net interest income rose 31%, led by an expansion in net interest margin. Its loan-related fees and wealth management fees were softer compared to a year ago, as investor sentiments remained ...

Posted on 27/07/2023

Singapore’s UOB bank Q2 net profit rises 27% on-year, in line with forecast

SINGAPORE: Singapore's United Overseas Bank (UOB) reported on Thursday (Jul 27) a 27 per cent increase in net profit in the second quarter from a year earlier that is in line with expectations mainly ...

Posted on 27/07/2023

UOB Q2 profit up 27% to $1.4 billion; dividend of 85 cents declared

UOB’s earnings were in line with the forecast made by analysts in a Refinitiv poll. Read more at straitstimes.com.

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