China is a relatively small market for HSBC’s credit card business. The gross carrying amount in this segment was just US$287 million, or about 1% of the global total last year.
Suntec REIT biggest beneficiary from MAS’s ‘looser’ leverage, ICR rules: OCBC
S-REITs are now subject to a single aggregate leverage limit of 50% and a minimum interest coverage ratio (ICR) of 1.5 times.
DBS, EnterpriseSG and IMDA launch gen AI programme to help up to 50,000 SMEs adopt tech
The programme, called Spark GenAI, will help SMEs understand gen AI use cases in areas like customer engagement and marketing.
DBS gets approval to raise China securities JV stake to 91%
Singapore-based DBS Group has obtained regulatory approval to increase its stake in DBS Securities China to 91 percent, up from 51 percent, Shanghai Securities News reported on Tuesday. The ...
DBS, EnterpriseSG, IMDA programme to help SMEs leverage generative AI
DBS, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA), has designed a programme that aims to raise awareness of generative artificial ...
Resilient UOB relishes regional role
In Thailand’s highly competitive banking industry, UOB has proven its resilience as a foreign bank over the past 25 years thanks to a strong Southeast Asian network, brand strength and its ability to ...
Singapore man jailed 15 months for bomb hoax targeting DBS HQ over credit card woes
A Singaporean man was sentenced to 15 months in jail yesterday for making false bomb threats involving the DBS headquarters in Marina Bay earlier this ...
DBS Remains a Buy on Comfortdelgro (CDGLF)
DBS analyst Zheng Feng Chee maintained a Buy rating on Comfortdelgro (CDGLF – Research Report) today and set a price target of S$1.80. The ...
Singapore stocks traded lower on Friday’s open—STI fell 0.4%
Singapore banks were also down at the open. UOB dropped 0.5%, or S$0.18, to S$36.32. DBS slipped 0.5%, or S$0.23, to S$42.02, while OCBC retreated 0.4%, or S$0.06, to S$16.22.
Amazon invests over $2b in Singapore businesses in 2023
The investment includes spending on infrastructure improvements and technology upgrades. Amazon has invested more than S$2b in Singapore this year across its retail and cloud businesses. The ...
Singapore stocks rise on optimism over rebound in real incomes, easing inflation
SINGAPORE - Stocks in Singapore ended higher on Nov 28 after the Republic reported a rebound in real incomes for 2024, according to preliminary estimates, as inflation eased. A Ministry of Manpower ...
‘Many possibilities’: Singapore, Shanghai eye closer cooperation as leaders meet
A troubled international environment means like-minded partners must work harder to find ways to cooperate, said Singapore Senior Minister Lee Hsien Loong in a meeting with Shanghai party chief Chen ...
HSBC Singapore offers zero-fee international transfers to over 60 currencies
Amongst markets covered are Malaysia, Indonesia, South Korea, and the UAE. HSBC Singapore has partnered with Dandelion to offer zero-fee international transfers via its Global Money Transfers service.
Singapore Oil Tycoon Appeals 17.5 Year Prison Sentence In Fraudulent Trading Case
In addition to appealing his sentence, Lim will focus on the civil action against Singapore firm Rajah & Tann, which was initiated in 2020 to restrain the firm from advising Hin Leong’s liquidators.
Delivery rider jailed for bomb hoax that triggered police sweep of DBS’ headquarters
About 20 police officers were dispatched to multiple locations after the man, who was in debt to DBS, made bomb threats against the bank.
Faced with credit card debt of more than $11k, man made false bomb threat to DBS Bank
Ang Cheng Shin's actions forced 67 police officers, DBS personnel and landlord security personnel to spring into action. Read more at straitstimes.com.