SINGAPORE] UOB chief executive officer Wee Ee Cheong’s annual salary for 2024 dipped, despite the bank reporting a record net profit for the full year. Read more at The Business Times.
Singapore shares end Friday in the red as trade war fears escalate; STI down 0.1%
Investors opted for a defensive stance and nudged the Straits Times Index (STI) down 0.1 per cent or 4.04 points to 3,926.45 while losers outpaced gainers 284 to 234 on trade of 1.3 billion securities ...
Majority of Chocolate Finance withdrawal requests have been fulfilled, says fund manager
SINGAPORE] As at Friday (Mar 21), all redemption requests that Chocolate Finance received between Mar 10 and the 1 pm cut-off on Mar 18 have been successfully paid out, said the wealth investment firm ...
UOB, one of eight TNFD adopters in S’pore, identities nature-related risks in 2024 sustainability report
UOB estimates that 60% of its $58.0 billion sustainable financing portfolio falls within the “climate-nature nexus”, an overlap between climate and nature.
UOB CEO Wee Ee Cheong’s FY2024 pay trimmed by 6% y-o-y to $15 mil despite record earnings
Wee’s basic salary rose from $1.2 million in FY2023 to $1.44 million in FY2024, although his bonus fell to $13.56 million in FY2024 from $14.69 million the year before.
Man admits to roping in others to open bank accounts that received over $1.3m in scam proceeds
Three of the four men have pleaded guilty and they will be sentenced on March 26. Read more at straitstimes.com.
Chocolate Finance says all withdrawals paid out; future requests to take three to six business days
The firm said that it is unable to commit to a timeline for the resumption of instant withdrawals. Read more at straitstimes.com.
Citi Private Bank Launches Philanthropy Advisory Solutions in Asia
Citi Private Bank announces the launch of new philanthropy advisory solutions in Asia, beginning with Singapore. These solutions, led by the bank's Global Family Office Group, complement existing ...
Singapore retains 4th place in global financial centres Index
Singapore has once again secured its position as the world’s fourth most competitive financial centre, according to the latest Global Financial Centres Index.
Hong Kong widens lead over Singapore as Asia’s top financial centre, report shows
Nine of the top 20 global centres maintained their ranking, suggesting confidence in the financial sector amid slow economic growth.
Women lose out in HSBC revamp of Asia division
A global overhaul at HSBC Holdings Plc has seen female executives in Asia lose out after the lender asked managers to reapply for senior roles in the combined corporate and institutional banking unit.
Investing In Singapore Is A Great, High-Risk Opportunity
Shares MSCI Singapore ETF gains over 30% in a year with a 3.92% yield. Find out why EWS offers solid potential amid Singapore’s economic strength.
Singapore banks slated to cut capital buffers as they seek growth
Banks have set plans to do so, says S&P. Singapore banks are likely to cut back on their capital buffers and have already set in motion short to medium-term plans to manage this, said S&P Global ...
Is it a bank? Is it a fund manager? Chocolate Finance meltdown highlights need for clear distinction
SINGAPORE] For less-savvy investors, wealth investing platform Chocolate Finance appears to offer some sweet deals. But industry watchers warn that customers must always read the fine print. Read more ...
Reading the markets: A veteran’s view on banks, stocks and shifting tides
Carmen Lee of OCBC Investment Research, a seasoned analyst with 38 years of research experience, has navigated several “black swan” events, including the 1987 Black Monday crash early in her career.
Majority of OCBC’s sustainable finance portfolio aligned with Singapore’s taxonomy: MAS
SINGAPORE] A majority of OCBC’s sustainable financing portfolio is aligned with Singapore’s sustainable finance taxonomy, indicated a report by the Monetary Authority of Singapore (MAS) on Tuesday ...