Bank reported Q4 profit rose 10 per cent to $2.62 billion, with full-year earnings up 11 per cent to record $11.4 billion. Read more at straitstimes.com.
At least S$32.6 million has been lost to investment scams in Singapore since January
At LEAST S$32.6 million has been lost to investment scams in Singapore since January, with 470 cases reported, the police said on Tuesday (Feb 11). With investment-related scams, the perpetrators ...
Police warn of investment scams; at least S$32.6 million lost in over a month
Scammers approached victims on social media platforms, messaging apps and the dating platform Coffee Meets Bagel.
Chocolate Finance whets Singaporeans’ appetite for higher cash yields; assets approach S$1 billion
UNTIL recently, the low rates on Singapore-dollar deposits were a source of frustration for savers. For entrepreneur Walter de Oude, they sparked an enduring passion to create a platform for higher ...
Financial Services Roundup: Market Talk
Find insight on BPER Banca’s takeover offer, Maybank and more in the latest Market Talks covering financial services.
Singapore to strike balance between short and long-term goals, including enhancing social compact: RHB
On the effects of US president Donald Trump’s second tenure as president, the RHB economists anticipate moderate supply chain disruptions in the inflation landscape, primarily confined to the US.
OCBC analyst raises DBS target price to S$50 after bank’s S$11.4B net profit in FY2024
SINGAPORE: OCBC Investment Research (OIR) analyst Carmen Lee raised her target price for DBS to S$50 after the bank posted an S$11.4 billion net profit for FY2024, an 11 per cent increase from the ...
Singapore’s Temasek-Backed Sponsor Plans to Take Retail REIT Private in $2 Billion Deal
Singapore's Temasek-backed sponsor of Paragon REIT offered to take the retail investment trust private, valuing it at more than $2 billion, in a bid to renovate its flagship shopping mall in the heart ...
The Full List of Digital Banks in Singapore and Their Top Benefits (2025)
ANEXT Bank claims to be the “Singapore’s first digital bank for SMEs”, and allows businesses to open an account with no setup or annual fees nor minimum balance maintenances. Its multi-currency ...
StanChart Unveils ‘SC PrismFX’ for Global Foreign Exchange Payments
Standard Chartered has launched SC PrismFX, a new suite of cross-currency transactional foreign exchange (FX) solutions.
DBS to reward workers with special bonus
SINGAPORE: DBS Group will reward all employees, excluding senior managers, with a special one-time bonus of S$1,000 each, and plans to introduce a new “capital return” dividend, as Singapore’s biggest ...
ST School Pocket Money Fund to benefit from over $2.6m raised by UOB’s CNY fund-raiser
The funds were raised through a series of art workshops and a gala dinner by the bank and its business clients. Read more at straitstimes.com.
Daily Cuts – Budget 2025: Expectations and wishlists for Singapore, from Singaporeans
Budget 2025 is set to be unveiled in parliament on 18 February by Finance Minister Lawrence Wong – his first as Prime Minister. On Asia First, Hairianto Diman and Elakeyaa Selvaraji get the ...
Singapore shares rise, with DBS driving gains; STI up 0.4%
On the STI, Venture Corporation was the top gainer, rising 1.9 per cent, or 24 cents, to $12.80. It was followed by DBS, which climbed 1 .6 per cent, or 70 cents, to $45.38 on a cum dividend basis.
OCBC Investment Research raises DBS’s TP to $50 after FY2024 record profit
Lee’s new target price still gives DBS an attractive dividend yield estimate of 6%, assuming a total dividend payout of $3 in FY2025.
Netizens voice concerns over e-payments in school affecting kids’ financial awareness and money skills
Singapore schools are adopting e-payments, but netizens worry children will struggle with cash transactions. Critics argue that relying on digital payments may weaken financial literacy, making kids ...