The number of new local infections fell in the past week compared to a week earlier for the first time since mid-October, marking a key milestone that could lead to an easing of restrictions in the ... ( read original story ...)
UOB Chalks Up Record Fee Income for the First Nine Months of 2021: 5 Highlights from the Bank’s Latest Earnings
UOB continues to impress with increases in total income and a jump in net profit for the quarter. The post UOB Chalks Up Record Fee Income for the First Nine Months of 2021: 5 Highlights from the Bank ... ( read original story ...)
OCBC Powers On with Net Profit of S$1.2 Billion in its Latest Quarter: 5 Things Investors Need to Know
The lender continues to steadily grow its loan book, fee income, and wealth management assets under management. The post OCBC Powers On with Net Profit of S$1.2 Billion in its Latest Quarter: 5 Things ... ( read original story ...)
Singapore FinTech Festival partners Smartkarma to launch report on Web 3.0 within the financial services industry
Singapore FinTech Festival (SFF) and Smartkarma are pleased to announce they have entered into a knowledge partnership that combines SFF's global knowledge platform with Smartkarma's world-class ... ( read original story ...)
OCBC, UOB expect sustained growth momentum in 2022 despite headwinds
SINGAPORE - Local lenders OCBC and UOB expect sustained growth momentum next year in their key markets despite headwinds such as supply chain disruptions and Covid-19 infections posing risks to ... ( read original story ...)
SCB’s Bitkub deal shows that crypto markets are becoming mainstream for banking
SCB is the original: Thailand’s first bank ... seen DBS launch a digital asset exchange with crypto (both trading and custody) among its pillars. Singapore’s UOB is collaborating with a local digital ... ( read original story ...)
Athletics: Standard Chartered Singapore Marathon to welcome up to 4,000 runners in person
All who intend to race in person must be fully vaccinated or pass a pre-event test.. Read more at straitstimes.com. ( read original story ...)
Singapore banks cautiously upbeat as profit beats estimates
SINGAPORE: Two of Singapore’s largest lenders struck a cautiously upbeat tone after profit in the third quarter beat forecasts driven by gains on fees from lending and wealth, and lower provisions for ... ( read original story ...)
Crypto exchange Bitkub enters unicorn club after SCB acquisition
Siam Commercial Bank (SCB) has announced that it will acquire cryptocurrency exchange Bitkub through its subsidiary SCB Securities. The Thai bank will get 51% of Bithub’s shares in a deal worth 17.85 ... ( read original story ...)
Singapore finance minister explains why global tax deal is a ‘challenging development’
In a November 1 reply to a parliamentary question about potential revenue gains under the OECD global tax deal, Singapore’s Minister for Finance Lawrence Wong explained that such estimates are not so ... ( read original story ...)
Sembcorp’s S$675 million SLB, Singapore
UOB also partnered with digital securities exchange ADDX to ... It plans to continue increasing its renewable energy capacity to 10GW by 2025. DNV Business Assurance Singapore opined that the ... ( read original story ...)
StanChart shares hit by outlook and dashed buyback hopes
Standard Chartered on Tuesday forecast flat full-year income and dashed investor buyback hopes, sending its shares down 8% despite better than expected quarterly profit. CEO Bill Winters, who has won ... ( read original story ...)
Things are looking up on the money side for Singaporeans: OCBC survey
SINGAPORE- After a year of pandemic-induced money struggles, Singaporeans are beginning to see a ray of hope about their financial affairs, says the third instalment of an annual survey by OCBC Bank.. ( read original story ...)
Singapore to raise retirement age amid workforce challenges
The retirement age will be raised to 63 from 62 from July 1, Minister of Manpower Tan See Leng said in parliament ... ( read original story ...)
StanChart flags flat annual income despite strong Q3 profit; shares drop
Standard Chartered forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares ... ( read original story ...)
Singapore banks rallied ahead of Q3 earnings
T he big three Singapore listed banks will report their respective Q3 earnings results this week; United Overseas Bank, Oversea-Chinese Banking Corp on Wednesday, 3 November and lastly, DBS Group on ... ( read original story ...)