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Tag: banking

Posted on 16/02/2023

UOB loan to coal miner Adaro raises climate concerns

UOB said the bank is committed to working with clients as they transition from highly emitting business models. Read more at straitstimes.com.

Posted on 16/02/2023

DBS Weighs Possibilitiy of Enlarging Its Stake in Shenzhen Bank

DBS Group Holdings Ltd., Southeast Asia’s largest lender, is considering raising its stake in China’s Shenzhen Rural Commercial Bank over the next few years, its chief executive said Thursday.

Posted on 16/02/2023

Share Market LIVE Updates: Sensex and Nifty 50 poised for a positive start, Asian stocks in the green

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to make a flat to positive start on Thursday tracing cues from global markets. Singapore Exchange Nifty futures, an early indicator of ...

Posted on 16/02/2023

Commentary: Should Singapore households be given more support to defray high energy costs?

Select businesses in Singapore can enjoy one more year of government grants to invest in energy efficiency. David Broadstock of Energy Studies Institute explores if households should be empowered to ...

Posted on 16/02/2023

Trust in Singapore Banks Continues to Be on the Rise, Says ABS Survey

A survey conducted recently has found that trust in the Singapore banking industry has increased for a second straight year since 2020.

Posted on 16/02/2023

Singapore stocks track regional losses on uninspiring US inflation; STI drops 1.1%

Wednesday’s losses were led by Singapore’s three banks, DBS, UOB and OCBC. Property developers such as City Developments, UOL and CapitaLand Investment also fell after higher marginal buyer’s stamp ...

Posted on 15/02/2023

Singapore To Tax And Spend Through Global Headwinds

Finance Minister Lawrence Wong expects“positive but slower” growth in Singapore this year due to high inflation and a slowing global eco ...

Posted on 15/02/2023

Budget 2023 aims to assist S’pore families with cost of living and the workforce with upskilling: ST-UOB panel

SINGAPORE - Budget 2023 aims to help Singaporean families cope with the rising cost of living post-Covid-19, as well as assist workers to upskill themselves, said panellists at a roundtable discussion ...

Posted on 15/02/2023

Four key points from the ST-UOB Roundtable on Budget 2023

The key points raised during the ST-UOB roundtable – moderated by ST associate editor Vikram Khanna – include the impact of inflation on business and the tough choices that lie ahead for Singapore.

Posted on 15/02/2023

The Battle For High Interest: Why I Chose To Switch To The UOB One Account

With the UOB One Account, we can earn more than $430 a month in interest on the first $100,000 of savings. This article was written in collaboration with UOB. All views expressed in this article are ...

Posted on 15/02/2023

Stock Market LIVE Today: Sensex, Nifty50 likely to open weaker as indicated by SGX Nifty futures; ONGC, ITC in focus

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are down 67 points or 0.4 per cent at 17,860.5 at this hour, suggesting a weak start ahead on Dalal Street. Earlier ...

Posted on 15/02/2023

Steady Start Eyed For Singapore Stock Market

(RTTNews) - The Singapore stock market has moved lower in back-to-back sessions, sinking more than 40 points or 1.2 percent along the way. The Straits Times Index now rests just beneath the ...

Posted on 15/02/2023

Setting this year’s budget was a ‘very delicate balancing act,’ says Singapore minister

Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong discusses the 2023 budget that was delivered in parliament on Tuesday. He says it was a challenge to find a "sweet spot" as ...

Posted on 15/02/2023

One of the world’s largest sovereign wealth funds has hit the brakes on investing in China amid fears about Beijing’s leadership, report says

Singapore's sovereign wealth fund, GIC, has significantly reduced its private investing in China, sources told the Financial Times. Reasons include Xi Jinping's "common prosperity" campaign and fears ...

Posted on 15/02/2023

Jupiter Asset Management chooses head of Asia

Singapore-based Madeline Han took up the role of head of Asia, as Jupiter AM also promoted two regional heads of sales.

Posted on 14/02/2023

HSBC adds former JPMorgan banker Kalpana Morparia to board

Her deep banking expertise and experience of the Asia region, particularly in India and Southeast Asia, will be an asset to the Board," HSBC chair Mark Tucker said. Jackson Tai, another former ...

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