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Tag: banking

Posted on 02/03/2023

Singapore golf tournament cancels pro-am event after 200mm of rainfall overnight

Continuous rain was observed over several areas in Singapore overnight, with temperatures in the morning dropping to as low as 21.1 degrees Celsius.

Posted on 02/03/2023

CEO Wee of UOB and chairman Tan of Kim Heng raise stakes in respective companies

In addition, Wee has a deemed stake in another 173.7 million shares. The two stakes give him a total deemed interest of nearly 177 million shares, equivalent to 10.57%. The last time Wee bought from ...

Posted on 02/03/2023

UOB completes Citi Vietnam consumer banking deal

SINGAPORE: Citigroup says that it has completed the sale of its Vietnam retail banking and consumer credit card businesses to Singapore’s United Overseas Bank (UOB) in a transaction expected to result ...

Posted on 02/03/2023

3 Reasons to Buy SoFi Stock, According to DBS

So far, 2023 has been kind to SoFi Technologies (NASDAQ:SOFI), to say the least. Since the year kicked off, shares have surged ~40%, and investors are wondering if there’s still more fuel left in the ...

Posted on 02/03/2023

Oil and gas and utilities only sectors that closed positive in stock market

Amongst top performers are Keppel Corporation and Genting Singapore. With the fiscal year 2022 coming to an end, there are negative earnings in the sectors at the stock market except oil & gas and ...

Posted on 02/03/2023

Singapore Banks Have Reported Record Earnings: Which One Should You Pick?

Each bank’s valuation had not changed much since the previous ... In our latest Special FREE Report, we cover the best performing stocks and blue chips in the Singapore market in 2022. Look forward to ...

Posted on 02/03/2023

Going to Singapore is upsetting

From technological and educational advancements to monetary policies, Singapore is arguably leaps and bounds ahead of Malaysia.

Posted on 02/03/2023

Singapore, UK sign green economy pact for sustainable energy, transport and finance

Singapore inked a deal with the United Kingdom on Wednesday aimed at creating business opportunities in the clean energy, low-emission transport and sustainable finance sectors. Read more at ...

Posted on 02/03/2023

CORRECTED-UPDATE 4-Singapore banks flag cautious outlook as rates seen peaking

SINGAPORE, Feb 24 (Reuters) - Singapore’s Oversea-Chinese Banking Corp (OCBC) on Friday rounded up a record annual results performance from the city-state’s banks benefiting from higher ...

Posted on 02/03/2023

Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies

DBS bank’s digital exchange, which serves institutional clients, said macroeconomic conditions last year were not suitable for security token offerings (STO), but it will explore opportunities for ...

Posted on 01/03/2023

Pragati Group raises $200 million from Singapore-based fund

The Singapore-based fund has committed to invest $200 million towards part of the deal involving the acquisition of two international grade operational assets -- Pragati One and Pragati Farukhnagar Lo ...

Posted on 01/03/2023

India’s UPI integrates with Singapore’s PayNow: What’s next for cross-border payments and remittances?

While the integration of UPI and PayNow will make remittances cheaper, more needs to be done from an operational, data privacy policy and governance point of view to affect real impact—an analysis of ...

Posted on 01/03/2023

Singapore fund seeks $168m to provide millions of stoves to poor families in India and Africa

The stoves will provide better combustion and cut by half toxic smoke emissions. Read more at straitstimes.com.

Posted on 01/03/2023

Man involved in scams where $5 million was lost allegedly paid others to give up bank accounts

SINGAPORE - A 20-year-old man, suspected to be involved in procuring bank accounts for criminal activities, allegedly paid others to get them to give up their accounts. Read more at straitstimes.com.

Posted on 01/03/2023

More than 3,800 riders have signed up for OCBC Cycle 2023 in just three weeks

The event, to be held on 6 and 7 May, is returning in full physical format for the first time since 2019. Read more at straitstimes.com.

Posted on 01/03/2023

Najib knew about ‘obscured’ 1MDB transactions through S’pore bank: Witness

Former prime minister Najib Abdul Razak had knowledge about the flow of 1MDB funds through an “obscured” route in the Singapore branch of BSI Bank, the bank's former employee testified. The bank’s ...

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