Then there’s liquidity. Singapore’s DBS Group Holdings Ltd., which started a mobile-only digital bank in India in 2016, claims to be targeting SMEs with data-driven lending. It’s unclear if the ... ( read original story ...)
Grab driver gets 3 months jail for refusing to return S$30,000 wrongly transferred to his account
Due to an unfortunate error, the money was instead transferred by a Grab finance associate to the POSB savings account of Wong. At that time, according to Yahoo Singapore, Mr Wong provided freelance ... ( read original story ...)
DBS Regatta connects community
There will be 107 teams racing in various categories in the event held in partnership with the Singapore Dragon Boat Association (SDBA) from May 31 to June 2 at The Promontory @ Marina Bay. DBS Asia ... ( read original story ...)
Eagle Hospitality REIT’s IPO falls flat as investment banks pick up slack
Investors subscribed to less than half of its stapled securities. Despite being the largest IPO on the Singapore Exchange (SGX) in 2019 to date, Eagle Hospitality Real Estate Investment Trust’s (EH ... ( read original story ...)
Witnesses say John Soh, Quah Su-Ling directed 2013 stock manipulation trades
In a May 22 filing with SGX, Annica CEO Sandra Liz Hon Ai Ling said Ong resigne.... SINGAPORE (May 27): Tan Boon Gin, CEO of stock exchange regulator Singapore Exchange Regulation, says the market can ... ( read original story ...)
Most Asean markets down on trade war, KLCI up
SINGAPORE: Most Southeast Asian stock markets declined on Friday as the trade war between the United States and China snowballed into a deeper strategic issue, while Indonesia was on track to snap ... ( read original story ...)
Singapore chases tech ‘Jedi Masters’ for Silicon Valley ambitions
Manufacturing, finance and insurance made up more than a third of Singapore's $356 billion economy in 2018. The information-communications sector, into which tech firms would largely fall, was about 4 ... ( read original story ...)
Eagle Hospitality Trust IPO’s public offer undersubscribed amid market volatility
SINGAPORE - Eagle Hospitality Trust (EHT)'s initial public offering (IPO) saw less than half of its stapled securities subscribed under the public offer, resulting in the joint bookrunners and ... ( read original story ...)
Kimberly-Clark switches on one of Singapore’s largest solar roofs at Tuas
Kimberly-Clark has embarked on a long-term effort to minimize climate change impact from its operations and at the same time transform its financial performance. Mr. Masagos Zulkifli, Singapore's ... ( read original story ...)
Singapore Airlines profit plunges as fuel costs surge
Singapore Airlines said Thursday its net profit for the last financial year nearly halved as fuel costs surged, but reported its highest ever full-year revenues. The major Asian carrier said bookings ... ( read original story ...)
Singapore is Now Considering Virtual Banking Licenses Too; Here is Why
The now famous Hong Kong virtual banking licenses have been a bit of a mixed bag for the region, but nevertheless, it’s gotten a lot of attention. To date, four licensees will be ready to go to market ... ( read original story ...)
Banking and finance professionals must update their skills as the industry faces digital disruption
Recruitment in Singapore’s financial services sector remains buoyant, but talents must update their skills in order to stay competitive. Banking and financial professionals continue to be in ... ( read original story ...)
Cross-border QR payments between Singapore, Hong Kong offered by Liquid Group, JETCO tie-up
Liquid Group is headquartered in Singapore and has a presence in Malaysia, Thailand and Indonesia, while bank consortium JETCO has more than 30 member banks in Hong Kong and Macau, and operates some 3 ... ( read original story ...)
Regionalisation, digitalisation key to UOB’s growth, analysts say
SINGAPORE (May 23): Analysts believe United Overseas Bank (UOB) will leverage technology as well as efforts to spread its wings across the region in order to ride out current macroeconomic ... ( read original story ...)
UOB to reduce reliance on Singapore
Nearly half or 40% of total group operating profit already comes outside Singapore. UOB is aiming to grow its regional presence and reduce reliance on its Singapore operations in its bid to capture ... ( read original story ...)
SATS well supported by decent dividend yield, strong growth prospects: DBS
SINGAPORE (May 23): DBS Vickers Securities is remaining positive on SATS with a “buy” call and target price of $5.44, on the belief that Changi Airport and regional aviation growth will continue to ... ( read original story ...)