Industrial sales declined 12.2% to S$773.1m in Q3. Despite the moderation in overall industrial performance over the recent months, a Knight Frank report indicates Singapore remains a compelling ... ( read original story ...)
OCBC to raise interest rates again for 360 savings account
SINGAPORE: OCBC Bank will raise interest rates again for its flagship 360 savings account, following a similar move in August. Customers will be able to earn an interest of 4.65 per cent per y ... ( read original story ...)
Singapore bank UOB scraps new loans for oil and gas projects
Major Singaporean lender United Overseas Bank will end new loans to oil and gas developments as part of long-term goals for net-zero emissions, the company said Monday. UOB already became carbon ... ( read original story ...)
Regional rivals Hong Kong and Singapore battle to lure fintech leaders to competing mega events
Both cities are hosting their fintech events in the same week, with some industry players saying they will go to both. ( read original story ...)
OCBC raises interest rate on 360 savings account again, adding to banks’ competition for deposits
OCBC Bank will again raise the interest rates on its flagship 360 savings account, in the latest move by a lender here to capture a larger slice of the customer deposits pie. Read more at straitstimes ... ( read original story ...)
Explainer: Why MAS is trialling a digital Singapore dollar and how you can use it
A new form of digital Singapore dollar which can be programmed and used for specific purposes only will be tested at the Singapore Fintech Festival (SFF) this week. ( read original story ...)
OCBC to raise flagship OCBC 360 account interest rates up to 7.65%
Oversea-Chinese Banking Corporation (OCBC), on Oct 31, announced that it will raise its interest rates for its flagship OCBC 360 account from Nov 1. The revised rates are said to be at an all-time ... ( read original story ...)
Singapore’s DBS Bank trials use of digital SingDollar with vouchers
DBS Bank, the largest lender in Southeast Asia, has partnered the Singapore government’s Open Government Products (OGP) to pilot purpose-bound money-based vouchers (PBM) using tokenized Singapore ... ( read original story ...)
What’s the ‘hottest’ investment country in Southeast Asia?
Its digital economy is expected to grow by 22% to $18b in 2022. Singapore is considered to be the “hottest” investment country in Southeast Asia as its digital economy is expected to grow 22% to $18b ... ( read original story ...)
AustAsia passes HKEX listing hearing for trimmed IPO
Indonesian milk company AustAsia has got permission from the Hong Kong Stock Exchange for its public float, cutting its offering from an initial target of $100m to roughly $50m-$70m due to difficult ... ( read original story ...)
Busy weeks ahead for Singapore market as companies announce results
It is going to be a busy week ahead in the Singapore market as more companies are scheduled to release their quarterly results during the coming weeks. Read more at straitstimes.com. ( read original story ...)
Inflation-Fighting Central Bank Powers Rally in Singapore Bonds
The Monetary Authority of Singapore’s reliance on exchange rate as the monetary policy tool to fight inflation is bringing rich dividends for bond investors. Most Read from BloombergLula Edges Out Bol ... ( read original story ...)
Trust Bank to raise rates for savings account, open help centre to lure more customers
From Nov 1, savings account holders will earn a base interest of 1.5 per cent per annum on deposits of up to $75,000. Read more at straitstimes.com. ( read original story ...)
UOB sets out plan to meet net-zero targets by 2050
Goal will be met by cutting financing to upstream oil projects and setting emissions reduction goals in other sectors. Read more at straitstimes.com. ( read original story ...)
DBS’ purpose-bound money vouchers, like CDC vouchers but better
There is a new kid on the block that goes by the moniker purpose-bound money-based (PBM) vouchers issued by DBS Group Holdings. To download PBM vouchers, scan a specific QR code issued by DBS, sign up ... ( read original story ...)
UOB’s ‘solid’ net interest margin expansion in 3QFY2022 win praise and upgrades from analysts
We believe UOB will be able to ride through the current challenges given its solid asset quality and healthy capital.” ... ( read original story ...)