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Tag: banking

Posted on 06/01/2023

Standard Chartered faces fresh questions after report of Middle East bank’s takeover bid

STANDARD Chartered’s Bill Winters wanted to mark the start of 2023 “with a little kindness”, he said on LinkedIn, but instead finds himself in the middle of a fresh debate about the emerging-market ...

Posted on 06/01/2023

Singapore banks continue to gain from high interest rates, new Asean supply chains: UOB Kay Hian

In particular, OCBC and UOB will benefit from reorientation of supply chain towards Asean countries, says one analyst.

Posted on 06/01/2023

Commentary: The politics of inflation in 2023 and what it could mean for Singapore

Columbia University economic historian Adam Tooze popularised “polycrisis” to describe the multiple global crises confronting the world simultaneously on an almost unprecedented scale in 2022.

Posted on 06/01/2023

India second-most stock-obsessed country in the world: Study

The study revealed that Singapore ranked the highest as a country most interested in stocks and trading. With a total search score of 555 out of a possible 700, Singapore topped the list for its ...

Posted on 06/01/2023

Dow Futures, SGX Nifty Up: Global Cues Impacting Indian Market

The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50, gained 0.11% or 19 points higher at 9:09 am on Friday, indicating a flat-to-positive bias on Dalal ...

Posted on 06/01/2023

Middle East’s largest lender eyed Standard Chartered takeover bid

Shipping and commodities bank Standard Chartered has been the subject of a potential takeover bid by the Middle East’s largest lender. First Abu Dhabi Bank (FAB) confirmed that it had considered ...

Posted on 06/01/2023

Fixed deposit rates inch up above 4% as Singapore banks continue to woo savers

But these promotional rates might be coming to an end with global central banks easing up on interest rate hikes, an expert says.

Posted on 06/01/2023

Japan Finance Minister Suzuki to Visit Singapore, Vietnam Next Week

Japanese Finance Minister Shunichi Suzuki is set to visit Singapore and Vietnam to meet with high government officials from Jan. 10 to 13, the Ministry of Finance said on Friday. There's no media ...

Posted on 06/01/2023

Olam Agri Picks Banks for $1 Billion Singapore Listing

Olam Group Ltd. has picked banks to lead a planned Singapore listing of its agribusiness unit that could raise as much as $1 billion, people familiar with the matter said.Most Read from BloombergWhat ...

Posted on 06/01/2023

Yield for latest 6-month Treasury bill in Singapore dips to 4.2%

SINGAPORE: The latest Singapore six-month Treasury bill (T-bill) is offering investors a yield of 4.2 per cent per annum, according to results from the year’s first auction released on Thursday (Jan 5 ...

Posted on 06/01/2023

Citi appoints Aftab Ahmed to lead the bank’s operations in Taiwan

Citibank Taiwan Ltd’s (台灣花旗) board of directors yesterday elected Aftab Ahmed, a former Citi country officer (CCO) for the Philippines, as the bank’s new chairman, pending regulatory approval. Aftab ...

Posted on 05/01/2023

Singapore: 2023 GDP forecast remains at 0.7% – UOB

Senior Economist at UOB Group Alvin Liew comments on the recently published GDP figures in Singapore. Key Takeaways “The preliminary estimate of Singapore’s 4Q GDP was in line ...

Posted on 05/01/2023

Company behind Yew Kee Duck Rice eyes Catalist IPO

Yew Kee Duck Rice (formerly known as Yu Kee Duck Rice) is a famous Singaporean brand that started as a push-cart business in the 1950s. Since then, executive chairman Seah Boon Luck, who has taken ...

Posted on 05/01/2023

Long queues for new notes ahead of Chinese New Year

There are 72 POSB pop-up ATMs disbursing fit-for-gifting and new notes, while UOB has 17 such ATMs. Read more at straitstimes.com.

Posted on 05/01/2023

Asia-Pacific IPOs most resilient in 2022; tech and energy groups lead large issuances: EY

SINGAPORE - The initial public offering (IPO) market in the Asia-Pacific has been the most resilient compared with other regions, with stronger and higher growth potentials, said an EY report on ...

Posted on 05/01/2023

Singapore stocks in the black for the first time in 2023; STI up 1.6%

SINGAPORE stocks had its first day of gains in 2023 amid a rally across regional markets. Read more at The Business Times.

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