Against the backdrop of a $20b SME financing gap in Singapore, Validus Capital aims to finance at least $1 bof the gap in the coming three years and it aims to raise a Series B by end of the year, Rai... ( read original story ...)
Singapore Institute Of Banking And Finance’s Career Centre To Help Financial Industry Professionals With Skills Upgrading And Job Matching
Financial industry professionals can now seek skills upgrading, career advisory and job matching opportunities at the Institute of Banking and Finance’s (IBF) new career centre, IBF Careers Connect. L... ( read original story ...)
Grab Pulls In $2 Billion to Finance Ride-Hailing Battle
Singapore’s Grab raised $1 billion from financial investors on top of the $1 billion it secured from Toyota Motor Corp., as Southeast Asia’s leading ride-hailing startup expands its geographic reach a... ( read original story ...)
OCBC Profit Beats Estimates on Lending, Lower Allowances
Southeast Asia’s second-largest bank joins its two Singapore rivals in boosting lending income ... estimates after being hit by losses at its treasury and markets division. OCBC Chief Executive Office... ( read original story ...)
Business Banking In Singapore: Then And Now
This article was written in collaboration with OCBC. All views expressed in this article are the independent opinion of DollarsAndSense.sg Around the world, the Singapore Story is synonymous with mira... ( read original story ...)
Singapore’s Thai investments to grow: study
An HSBC study shows that overall investment into Asean to 2020 is expected to rise amongst Singapore-based companies with Thailand to be a key beneficiary. Thailand’s growing consumer market and overa... ( read original story ...)
DBS took risks and absorbed downsides for the country in its early years: PM Lee
SINGAPORE - DBS played a crucial role in Singapore’s early industrialisation, taking risks and absorbing downsides to benefit the country but not necessarily the bank itself, Prime Minister Lee Hsien ... ( read original story ...)
SIA is Singapore’s favourite brand
The Straits Times, DBS and POSB banks also among positively perceived brands National carrier Singapore Airlines is the most positively perceived brand by Singaporean consumers, according to a study b... ( read original story ...)
The Week Ahead: OCBC, Singtel, StarHub and ComfortDelGro
In May, Singapore’s second-largest bank posted a 29% jump in first-quarter earnings to S$1.1 billion. OCBC said net interest income growth was strong, wealth-management income was higher and allowance... ( read original story ...)
Singapore Airlines most well perceived by Singaporean consumers, Straits Times ranks 9th: YouGov survey
The Straits Times ranked ninth in the same study. Other Singapore brands on the list include banks DBS and POSB. Brands which made the top 10 include global companies such as WhatsApp, Google, Uniqlo ... ( read original story ...)
UOB beats forecasts with 28% rise in Q2 profit; CEO sees private home prices falling 5-10%
SINGAPORE - UOB chief executive officer Wee Ee Cheong said Singapore's private home prices could fall 5-10 per cent in time, following the recent property cooling measures by the government, calling i... ( read original story ...)
Singapore’s UOB to launch digital bank in ASEAN countries
SINGAPORE (Nikkei Markets) -- United Overseas Bank is launching a digital bank as it targets the mobile savvy in its effort to add more customers across Southeast Asia and expand its presence. Althoug... ( read original story ...)
Banking in brief: a roundup of Southeast Asia’s financial news
The value of bank and real estate stocks in Singapore are taking a hit with the announcement of real estate cooling measures by the central bank. The changes, which kicked in on 6 July, include a tigh... ( read original story ...)
UOB beats forecasts with 28% rise in Q2 profit; to launch Asean digital bank
SINGAPORE - UOB on Friday (Aug 3) reported a 28 per cent rise in net profit for the second quarter that was lifted by stronger overall operating income, and announced plans to ramp up its digital stra... ( read original story ...)
DBS lowers bar for Singapore lenders with second-quarter profit miss
SINGAPORE (Reuters) - DBS Group Holdings Ltd ... kicked off the quarterly results reporting season for lenders in the regional financial hub. United Overseas Bank reports results on Friday, followed b... ( read original story ...)
Singapore shares plunge as DBS Group weigh
KUALA LUMPUR (Nikkei Markets) -- Singapore shares fell Thursday as concerns over prospects of banking sector added to the renewed global trade worries that triggered Asia-wide selldown. Malaysia also ... ( read original story ...)