United Overseas Bank (UOB) says it intends to issue $850 million worth of perpetual capital securities on Jan 13. The perpetual capital securities come with a fixed distribution rate of 5.25% and will ...
UOB prices S$850m in 5.25% perpetual capital securities, first callable in 2028
UOB has priced S$850 million in 5.25 per cent perpetual capital securities on Thursday (Jan 12), which will be first callable in 2028. Read more at The Business Times.
Singapore managers upbeat on Asian markets but fret about inflation, global slump, poll finds
Singapore fund managers are optimistic about Asian stocks and bonds driven by China’s recovery, but worry about inflation and an economic slump, with more than two-thirds polled by the Investment ...
Singapore home auctions by banks likely to rise in 2023
More private residences are expected to be put up for auction by banks and distressed owners this year should the economy slow further and higher mortgage rates start to hurt more homeowners, say ...
Investments in ports foretell the future of global commerce
Tuas is a vision of the future on two fronts. It illustrates how port operators the world over are deploying clever technologies to meet the demand for their services in the face of obstacles to the ...
Twitter Employees Were Evicted From Their Singapore Office Over Unpaid Rent
Twitter employees at the company’s Singapore office were evicted on Wednesday and reassigned as remote workers.
Gap Widens for Asia Banking ESG Leaders and Laggards
Asia’s major banks are seeing a widening gap between ESG leaders and laggards, as regulators in the region ramp up scrutiny of sustainable finance, according to WWF-Singapore. While leading banks in ...
KPMG calls for clarity over wealth taxes, policies to spur green investments in Budget 2023 wish list
CLARITY on whether Singapore will be introducing wealth taxes in the near future and policies to spur greater green investments were among the proposals recommended in KPMG’s Budget 2023 wish list on ...
KPMG proposes Budget 2023 measures to drive Singapore’s green and inclusive growth towards lasting paths for businesses
Green finance will be key to powering Singapore's sustainability – spurring blended finance and transition finance ecosystems will be instrumental in intensifying green investments Forging a ...
Maintain ‘overweight’ on S-REITs as inflation looks to ease: UOB KH
UOBKH's Jonathan Koh has reduced his FY2024 DPU estimates by 1.8% on average. His TPs, however, have been raised by 3.5%.
DBS ‘optimistic’ about ‘buoyant growth’ in 1H2023, but sees ‘potential slowdown’ in ‘uncertain’ 2H2023
Assuming there will be no mutation of variants causing renewed outbreaks and restrictions, a complete unwinding of Covid-related restrictions in 2H2023 is highly probable – and it will serve as a ...
Singapore stocks slip ahead of US inflation report; STI down 0.1%
THE Straits Times Index (STI) dipped 0.1 per cent or 3.73 points to 3,267.78 on Thursday (Jan 12), as the trio of Singapore banks stuttered ahead of the release of US inflation data. Read more at The ...
Molecular Group announce the establishment of its new investment company XMG Capital in Singapore
Chainwire Molecular Group, a leading investment firm based in Hong Kong, is pleased to announce the establishment of its new investment company, XMG Capital. Located in Singapore, a hub for the ...
Jail for man linked to scam where retiree’s life savings of $1m were transferred to other bank accounts
Dickson Jong recruited a man whose bank account was used to receive about $250,000 of the victim’s money. Read more at straitstimes.com.
Eastspring names deputy regional CEO for Asia
Eastspring Investments, Prudential’s asset management business, has appointed Faizal Gaffoor as deputy regional chief executive officer and head of products and partnerships in Asia.
Jail for man linked to case where elderly woman was scammed of S$1 million in CPF savings
SINGAPORE: A man linked to the case of a 75-year-old retiree who lost S$1 million from her Central Provident Fund in life savings was sentenced on Thursday (Jan 12). Dickson Jong Chee Siang, 29, was ...