The partnership aims to enhance the reserve management of StraitsX’s stablecoins. Standard Chartered Bank has been appointed as a trusted banking partner for StraitsX, a Singapore-licensed stablecoin ...
JP Morgan upgrades Singapore equities to overweight
JP Morgan analysts upgraded Singapore equities to overweight on Wednesday, citing inexpensive valuations, high dividend yields as well as government initiatives to revive the domestic stock market. In ...
Singapore Bank UOB’s Q4 Profit Beats Forecasts, Unveils $2.2 Billion Capital Return
SINGAPORE (Reuters) - Singapore's United Overseas Bank, or UOB, maintained its guidance for 2025 after posting on Wednesday a 9% rise in fourth-quarter net profit that beat expectations and announcing ...
UOB announces $3 billion package of special dividends and share buybacks, Q4 profit up 9%
The bank reported a record net profit of $6 billion for 2024, 6 per cent higher than the previous year. Read more at straitstimes.com.
DBS, HSBC have best-performing mobile banking apps in Asia, according to a new report
Hong Kong and Singapore have the best performing mobile banking apps in Asia, a global study found, though they lag behind some Western counterparts that do a better job of integrating services from ...
Temasek-backed Indian startup Licious plans IPO in 2026, eyes $2 billion valuation, says source
Indian online meat and seafood retailer Licious is looking to debut on the bourses in the next 12-18 months and is targeting a valuation of $2 billion, a source familiar with the matter told Reuters ...
Singapore buys only small amount of Nvidia chips, official says
Trump officials are probing whether China's DeepSeek bought advanced Nvidia semiconductors through third parties in Singapore.
DBS names new heads of operations, and corporate and SME banking
SINGAPORE’S largest lender DBS named on Tuesday (Feb 18) its two picks for the group head of its corporate and SME banking unit, as well as its group head of operations. Read more at The Business ...
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says
HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut ...
Standard Chartered backs StaitsX stablecoins
Standard Chartered Bank is stepping deeper into the stablecoin space through a strategic partnership with StraitsX, a Singapore-licensed stablecoin issuer, to strengthen the reserve management of its ...
StanChart to Support StraitsX Stablecoin Reserves
StraitsX has partnered with Standard Chartered to strengthen the reserve management of its XUSD and XSGD stablecoins.
DBS names Chen Ze Ling as Group Head of Corporate and SME Banking; Welson Jamin as Group Head of Operations
These two new appointments follows the first two made last week which saw Derrick Goh as Group Chief Operating Officer and Koh Kar Siong as Group Head of Audit.
Singapore Activist Investor 3D Questions Sapporo Acquisitions
Singapore-based investment fund 3D Investment Partners Pte sent a letter dated Feb. 18 criticizing Sapporo Holdings Ltd.’s past overseas acquisitions as failures, and questioning the responsibility of ...
Singapore will feel impact of rising global tensions, PM says
Singapore will feel the impact of increasing global tensions with economic growth set to slow this year, Prime Minister Lawrence Wong said in his budget speech in parliament on Tuesday. Wong, who is ...
HSBC lays off 40 dealmakers in Hong Kong as part of revamp to cut costs
The job cuts in HSBC's regional hub Hong Kong started on Monday, where at least four managing directors were let go, with three of them based in Hong Kong and one in Singapore ...
OCBC drops FLCT, CLAS from REIT picks while highlighting KDCREIT’s ‘solid turnaround story’
OCBC’s analysts say they were “left disappointed” with FLCT as it has not made any data centre acquisitions and did not penetrate the Japanese market since its CEO took over in August 2023.