Internet-based investment product distribution platform iFAST is in talks with potential partners to pursue a digital banking license in Singapore, according to a report from DBS Research. If the move ... ( read original story ...)
Singapore’s Shrinking Stock Market May Turn Around Its Fortunes
The largest IPO this year in Singapore was by Prime U.S. REIT, which raised $612 million. But beyond IPO volumes -- which still remain below an average of $2 billion per year since 2000 -- companies ... ( read original story ...)
Nigerian in jail for international money-laundering scheme charged for cheating man in Changi Prison
SINGAPORE: A Nigerian man who was jailed two months ago over a scheme to swindle Citibank in New York City was charged in court on Wednesday (Jul 31) for a fresh offence of cheating. Amos Paul Gabriel ... ( read original story ...)
OCBC Bank offers cash by QR codes
This also offers a more secured way to access money since it taps the customer's biometric data to authenticate transactions, according to the Singapore bank. Using its Pay Anyone app, OCBC customers ... ( read original story ...)
OCBC first in Singapore to enable cash withdrawals at ATMs using QR codes
SINGAPORE - OCBC customers can now make ATM cash withdrawals via a QR (quick response) code, removing the need for ATM cards. The bank is the first in Singapore to offer cardless withdrawal at most of ... ( read original story ...)
Singapore’s globetrotters spent $8.4 bil on travel in 2018
SINGAPORE (July 30): Despite a tiny population of just over 5.6 million, Singapore last year accounted for 1% of all international arrivals to the top 200 tourism cities in the world – contributing ... ( read original story ...)
HSBC share price: what to expect from its half-year results
HSBC profit after tax came in at $4.9 billion ... Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA ... ( read original story ...)
HSBC named Asia’s best bank for sustainable finance two years running
HSBC has delivered a range of sustainable finance transactions in Australia, mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore and South Korea. HSBC Sri Lanka and ... ( read original story ...)
OCBC share price: what to watch out for ahead of its Q2 results
Singapore’s Oversea-Chinese Banking Corporation (OCBC) bank will be announcing its financial results for the second quarter of 2019 on Friday (August 2, 2019), before the market opens. The bank is the ... ( read original story ...)
Singapore Inflation Rate 2019 – What Exactly Is It & Why Does It Matter?
I must confess I haven’t a clue what the Singapore inflation rate actually is. The thing is, knowing the inflation rate, even if it’s just a ballpark figure, is crucial for all kinds of personal ... ( read original story ...)
Hong Kong protests not yet causing ‘big movement of money’ to Singapore, says bank CEO
The ongoing demonstrations in Hong Kong have ignited concerns about the city's reputation, with several reports saying the rich have started to move funds to Singapore. But Piyush Gupta, the chief ... ( read original story ...)
DBS Group second-quarter profit jumps 17%, beating expectations
Analysts say the outlook for banks is getting challenging, with Singapore's economy growing at its slowest annual pace in a decade in the second quarter, hit by a drop in manufacturing output and ... ( read original story ...)
DBS second quarter earnings rise on lending income boost
DBS, Singapore’s biggest bank, saw its net profit rise 17 per cent year on year in the second quarter as it was boosted by higher interest rates in key markets. The lender said in a statement on ... ( read original story ...)
DBS Q2 profit jumps 17% to S$1.6b, maintains loan growth forecast
SINGAPORE: DBS Group Holdings, Southeast Asia's biggest lender, beat market estimates by reporting a 17 per cent increase in second-quarter profit, supported by a rise in net interest income. The ... ( read original story ...)
The Week Ahead: DBS Group, UOB And OCBC
The three Singapore-listed banks are pencilled in for quarterly numbers. In April, DBS Group (SGX: D05) beat market estimates with a 9% rise in first-quarter earnings. Strong net-interest income ... ( read original story ...)
DBS posts record 1H earnings after 20% rise in 2Q earnings to $1.6 bil
SINGAPORE (July 29): DBS Group’s reported record earnings of $3.25 billion for 1H19 after 2Q19 earnings rose 20% to $1.60 billion from a year ago. 2Q19 saw a 16% increase in total income to a $3.71 ... ( read original story ...)