The bank’s CEO, Wee Ee Cheong, said an enlarged customer base and enhanced platforms in the region position UOB well.
EMERGING MARKETS-Singapore stocks hit record high; rupiah falls ahead of policy meeting
Singapore stocks up on budget, UOB results and shareholder returns * Indonesian stocks snap a three-day rally, rupiah down 0.6% * Bank Indonesia rate decision awaited * South Korean stocks up for 7-days straight By Rajasik Mukherjee and Roushni Nair Feb 19 (Reuters) - Most Asian equities gained on Wednesday,
Former manager at DBS Bank Singapore admits cheating four clients of S$348k in total
SINGAPORE: A wealth planning manager with DBS Bank cheated four of his clients of S$348,000 in total by duping them into investing in fictitious fixed deposits with "attractive terms".
Singapore’s UOB post record profits as it bets its Southeast Asia focus will drive growth amid global uncertainties
The bank's CEO Wee Ee Cheong said an enlarged customer base and enhanced platforms in the region positions UOB well.
Former manager at DBS Bank admits cheating 4 clients of $348k in total
Pang Yuheng, 28, had incurred significant debts to licensed moneylenders after suffering losses in online gambling. Read more at straitstimes.com.
Singapore banks hand billions of surplus capital to investors
United Overseas Bank joined larger rival DBS Group in returning excess capital to shareholders after delivering record-high earnings for the year.
Singapore Flags Investments From Chips to Energy in Budget
Singapore plans to invest about S$1 billion ($744.8 million) for a new R&D semiconductor facility that will provide “great tools for researchers and industry partners” to boost innovation, according ...
Singapore Budget 2025 seen benefiting banks, retail, new energy, AI, underpinning SGX
The renewable energy sector might reap Budget rewards as well. Sembcorp Industries and City Energy, a unit of Keppel Infrastructure Trust, could benefit as Singapore continues to assess the viability ...
Standard Chartered named banking partner for StraitsX stablecoins
The partnership aims to enhance the reserve management of StraitsX’s stablecoins. Standard Chartered Bank has been appointed as a trusted banking partner for StraitsX, a Singapore-licensed stablecoin ...
JP Morgan upgrades Singapore equities to overweight
JP Morgan analysts upgraded Singapore equities to overweight on Wednesday, citing inexpensive valuations, high dividend yields as well as government initiatives to revive the domestic stock market. In ...
Singapore Bank UOB’s Q4 Profit Beats Forecasts, Unveils $2.2 Billion Capital Return
SINGAPORE (Reuters) - Singapore's United Overseas Bank, or UOB, maintained its guidance for 2025 after posting on Wednesday a 9% rise in fourth-quarter net profit that beat expectations and announcing ...
UOB announces $3 billion package of special dividends and share buybacks, Q4 profit up 9%
The bank reported a record net profit of $6 billion for 2024, 6 per cent higher than the previous year. Read more at straitstimes.com.
DBS, HSBC have best-performing mobile banking apps in Asia, according to a new report
Hong Kong and Singapore have the best performing mobile banking apps in Asia, a global study found, though they lag behind some Western counterparts that do a better job of integrating services from ...
Temasek-backed Indian startup Licious plans IPO in 2026, eyes $2 billion valuation, says source
Indian online meat and seafood retailer Licious is looking to debut on the bourses in the next 12-18 months and is targeting a valuation of $2 billion, a source familiar with the matter told Reuters ...
Singapore buys only small amount of Nvidia chips, official says
Trump officials are probing whether China's DeepSeek bought advanced Nvidia semiconductors through third parties in Singapore.
DBS names new heads of operations, and corporate and SME banking
SINGAPORE’S largest lender DBS named on Tuesday (Feb 18) its two picks for the group head of its corporate and SME banking unit, as well as its group head of operations. Read more at The Business ...