The lender also announces Pam Kaur as its first-ever female CFO, as new CEO Georges Elhedery seeks to trim costs.
UOB issues largest 3-year panda bond among foreign issuers at 5 billion yuan
UOB has successfully priced a three-year, five billion yuan (S$923 million) bond at 2.3 per cent, marking its first “panda” bond, or yuan note from offshore issuers, in China’s domestic interbank ...
Jail for elderly married woman in SG who opened bank account on behalf of ‘online boyfriend’
A 75-year-old married woman was sentenced to five weeks’ jail on Oct 22 after she opened a bank account on behalf of her “online boyfriend” whom she had met on WhatsApp.
HSBC unveils sweeping overhaul, names first female CFO
Singapore | Beijing | Hong Kong | HSBC chief executive Georges Elhedery has announced an overhaul of the bank that will split it into four divisions and create a new geographic set-up separating east ...
Brokers’ take: OCBC initiates coverage on PropNex with ‘buy’
OCBC Investment Research has initiated coverage on PropNex with a “buy” call and a fair value estimate of S$0.91. It anticipates that upcoming project launches in the second half of 2024 and first ...
Singaporean bank UOB issues 3-year panda bond worth 5 bln yuan
Singapore's third-largest bank, said on Tuesday it had raised 5 billion yuan ($702.00 million) from a three-year panda bond and priced it at 2.3%, marking its first such issuance since 2019. Panda ...
Jail for elderly married woman who opened bank account on behalf of ‘online boyfriend’
SINGAPORE – A 75-year-old married woman was sentenced to five weeks’ jail on Oct 22 after she opened a bank account on behalf of her “online boyfriend” whom she had met on WhatsApp. Kang Pue Hua then ...
OCBC unveils Disney-themed cards as part of 5-year strategic collab
OCBC and Disney are releasing themed bank cards. The cards feature popular Disney IPs such as Marvel and Disney Princess and characters such as Stitch, Black Panther, Spider-Man, Captain America, Elsa ...
Singaporeans’ inflation expectations flatten in response to global cues: SMU and DBS survey
Within the survey by SMU and DBS the overall consumer price index inflation expectations (CPIEx), after adjusting for potential component-wise behavioural biases and re-combining across components, ...
Singapore Stock Market May Give Up Support At 3,600 Points
The Singapore stock market on Monday ended the two-day winning streak in which it had advanced almost 50 points or 1.4 percent. The ...
DBS CEO Gupta says only half of banks making enough tech progress
SINGAPORE: The head of Singapore’s biggest lender says only about half of companies in the banking industry have made sufficient progress in transforming their businesses to embrace digitalisation and ...
DBS launches tokenisation banking services for institutional clients
Singapore-headquartered DBS has introduced a new suite of banking services which integrate tokenisation and smart contract-enabled capabilities with its banking services.
UOL, Hongkong Land, Guoco, Ho Bee stand to gain from portfolio restructuring amidst lower interest rate environment: DBS
UOL’s 50.4% owned subsidiary Singapore Land recently divested Stamford court for $132 million, while Ho Bee has sold its 49% stake in a new business park development for $205 million, the analysts ...
Tickets to Blackpink member Lisa’s fan meeting in Singapore on sale from Oct 21
Lisa's agency Lloud announced a month ago that Singapore would be the first stop on her fan meeting tour in Asia.
Blackpink’s Lisa to perform in Singapore this November: Seat map, ticket prices and exclusive fan benefits
The presale for DBS/POSB cardholders will take place on Monday, October 21, from 12pm to 11.59pm. General ticket sales are set to begin on Tuesday, October 22, at 12 noon via TicketMaster. Ticket ...
OCBC Investment Research initiates ‘buy’ on PropNex with TP of 91 cents
Analyst Donovan Tan believes the negative sentiment towards the counter, which is largely due to the overhang of weak project launches, will improve.