Olam Group and Yangzijiang Financial Holding have replaced CapitaLand Ascott Trust and ComfortDelGro on the Straits Times Index (STI) “reserve” list, following the September quarterly review. However, ...
UOB Asset Management launches new gold managed portfolio solution amid renewed demand for the metal
Called the UOBAM Gold+, the portfolio blends 49% SPDR Gold MiniShares Trust ETF, 49% United Gold & General Fund and a 2% cash buffer.
Singapore records steepest drop in ASEAN consumer sentiment
The fall was attributed to a drop in optimism about the economic environment Singapore posted the lowest consumer sentiment score amongst five ASEAN countries in the new UOB ASEAN Consumer Sentiment ...
PM Modi holds bilateral talks with Singapore PM Wong at Hyderabad House
"The visit will provide an opportunity for both Prime Ministers Wong and Narendra Modi to review our robust and multifaceted cooperation and to set the path for future collaboration," MEA said.
UOB launches first regional Consumer Sentiment Index, revealing ASEAN consumers’ confidence in the economy
In the sixth edition of the ASEAN Consumer Sentiment Study (ACSS)[1], the region's leading consumer confidence barometer, UOB launched ASEAN's first ...
Vietnam tops ASEAN in consumer sentiment: UOB report
Major ASEAN economies have continued to show resilience despite the uncertain macroeconomic environment, with Vietnam standing out as the most optimistic market in the region, according to a survey.
Singapore Dollar Steady, Supported by Fed Rate-Cut Bets
The Singapore dollar is steady against its U.S. counterpart in the Asian session. The weak U.S. JOLTS job openings in July places a Fed rate cut in the bag later this month, says José Torres,senior ...
OCBC Indonesia’s ‘big advantage’ over local, Chinese banks
OCBC Indonesia believes its 205 office networks in 54 cities is a superior choice for Chinese firms looking to set up shop in Southeast Asia’s most populous country.
Firms can tap OCBC’s network to expand in Indonesia amid push to boost local manufacturing
The country is South-east Asia’s largest consumer market. Read more at straitstimes.com. Read more at straitstimes.com.
OCBC analysts maintain Indonesia’s growth forecast despite protests
Even with the protests that escalated in Jakarta on Aug 28, OCBC Global Markets Research economists have kept their 2025 GDP growth forecast for Indonesia unchanged at 4.7%.
Singapore’s snowballing cash levels are boosting local bonds
SINGAPORE] The recent build-up of cash in Singapore’s money market is strengthening demand for the nation’s bonds, driving returns to near the highest in the region. Read more at The Business Times.
More Chinese companies looking to manufacture in Indonesia: OCBC
JAKARTA] Chinese companies are increasingly looking to set up their manufacturing operations in Indonesia, instead of just exporting and distributing their products in the South-east Asian nation.
Over 370,000 Singapore bank customers used the money lock feature
More than $30b have been locked up. At least 370,000 Singapore bank customers have used the money lock feature, saving over $30b as of 30 June, according to the Singapore Police Force Mid-Year Scam ...
S’pore’s stock market bull run is just getting started, with room for more upside: Fund chief
Improving sentiment and better valuations could also open the door for new players in emerging sectors to list. Read more at straitstimes.com. Read more at straitstimes.com.
Economists raise Singapore growth forecast to 2.4% for 2025; see growth slowing to 1.9% in 2026
Possible levying of semiconductor and pharmaceutical tariffs by US seen as biggest threat to outlook. Read more at straitstimes.com. Read more at straitstimes.com.
UOB’s Southeast Asia stronghold, wealth to drive profit growth
UOB's integration of Citigroup's retail assets could buoy profit growth by strengthening its Southeast Asian presence with a bigger customer base and cross-selling opportunities ...