Retail investors applying for the public offer must do so with a minimum of $1,000 and in multiples of $1,000. Read more at straitstimes.com. ( read original story ...)
DBS second-quarter profit tops estimates as banks benefit from rising interest rates
Singapore's DBS Group reported a 7% rise in quarterly net profit that came in slightly above market estimates following sharply higher interest rates. ( read original story ...)
COMMENT: DBS can challenge a smaller HSBC — with the Fed’s help
The contest for Asia’s banking supremacy may come down to what the global interest-rate cycle does to the region’s rival financial centres. ( read original story ...)
Tiger Brokers (Singapore) Welcomes Azimut Investment Management on Institutional Platform
Azimut Investment Management is one of the largest External Asset Managers (EAM) in Singapore Onboarding allows for second-generation high net worth young investors to transact on Tiger Brokers' ... ( read original story ...)
DBS Q2 profit up 7% to $1.82 billion, topping forecasts
DBS joined peers OCBC and UOB in reporting earnings that were boosted by rising interest rates. Read more at straitstimes.com. ( read original story ...)
UPDATE 4-DBS Q2 profit tops estimates as banks benefit from rising interest rates
Singapore's DBS Group reported a 7% rise in quarterly net profit that came in slightly above market estimates and gave a robust outlook as Southeast Asia's largest lender gains from sharply higher ... ( read original story ...)
DBS Second Quarter Profit Beat Driven by Lending Income
DBS Group Holdings Ltd. said profit rose in its second-quarter, driven by higher lending income though gains were offset by declines in wealth management and investment banking fees. ( read original story ...)
China’s State Grid to invest $22 billion in ultra high voltage power lines – report
China's State Grid plans to invest more than 150 billion yuan ($22 billion) in the second half of 2022 in ultra high voltage (UHV) power transmission lines, state media Xinhua News reported on ... ( read original story ...)
HSBC faces scepticism as pushback against breakup call starts
HSBC Holdings Plc kickstarted its public fightback against Ping An Insurance Group Co’s push to break it up this week. The early indications are that the lender has a long way to go to convince some ... ( read original story ...)
Aadi Vaidya, COO of troubled Singapore fashion startup Zilingo, departs firm
Aadi Vaidya has left the firm, confirmed the senior executive on Friday. Vaidya joined the Singapore fashion startup as its vice president, and head of expansion in 2015 and took over as COO in 2017, ... ( read original story ...)
China’s Wuxi Biologics Moving Big In Singapore
China's WuXi Biologics has announced a 10-year investment plan aimed at establishing a world-class pharmaceutical contract manufacturing center i ... ( read original story ...)
China’s State Grid to invest $22 bln in ultra high voltage power lines -report
China's State Grid plans to invest more than 150 billion yuan ($22 billion) in the second half of 2022 in ultra high voltage (UHV) power transmission lines, state media Xinhua News reported on ... ( read original story ...)
5 Singapore businesses tried to profiteer using GST rise as excuse: Gan Kim Yong
Five businesses were alleged to have used the GST increase as an excuse to increase the prices of essential products and services, said Minister for Trade and Industry Gan Kim Yong. In a written reply ... ( read original story ...)
HSBC Hard Sells Growth Plan to Disgruntled Investors After Rebuffing Breakup
HONG KONG/SINGAPORE (Reuters) -HSBC executives on Tuesday defended the lender's strategy to operate as a global bank and promised better returns to disgruntled individual shareholders in Hong Kong, a ... ( read original story ...)
Singapore’s OCBC Shares Hit 3-Mth High on Stellar Quarterly Results
Investing.com-- Shares of Oversea-Chinese Banking Corp (SGX:OCBC) hit a three-month high on Wednesday after Singapore’s second-largest bank logged strong growth in its second-quarter profit. As of ... ( read original story ...)
Singaporeans With Low Incomes Continue to Face the Lowest Wage Growth, DBS Says
Low-income earners in Singapore will face the lowest growth in wages and the biggest jump in household expenses as inflation rises, according to DBS. ( read original story ...)