Currently in the pilot stage with selected customers, GXS Bank is on track to launch its business banking solutions in the first quarter of 2025 in Singapore, before a progressive rollout in Malaysia ...
OCBC maintains ‘buy’ on Keppel Infrastructure Trust; fair value estimate unchanged
This comes following KIT’s proposed acquisition of a 50% equity interest in Keppel Marina East Desalination Plant.
DBS, OCBC, UOB, Maybank syndicating Singapore’s biggest loan of S$12 billion for Marina Bay Sands
MARINA Bay Sands (MBS) is seeking a loan of around S$12 billion, in what would be the largest financing from Singapore, as the integrated resort looks to fund its planned expansion in the country.
UOB Reports Record Profit in Q3 2024
United Overseas Bank (Singapore) ( (UOVEF) ) has released its Q3 earnings. Here is a breakdown of the information United Overseas Bank ...
Atome Financial secures another US$200 mil syndicated credit facility from HSBC
The fintech group had secured a US$100 million facility from HSBC in 2022 to expand its payments business across Asia.
Best Bank Offers in Singapore (Nov 2024): 2.5 Million Miles Giveaway, up to 50% Off Flights, and More
Everybody loves credit card sign-up promotions, but not many of us realise the promotions don’t end with a welcome gift. Banks actually shower us with tons of lifestyle deals and perks just for owning ...
Singapore’s Capitaland Investment’s stake purchase in SCCP to boost footprint in Japan
Singapore's CapitaLand Investment said on Wednesday it would acquire a 40% stake in SC Capital Partners Group (SCCP) for S$280 million ($209.31 million), while also invest a minimum of S$524 million ...
CapitaLand Investment takes initial 40% stake in SC Capital Partners, boosting footprint in Japan
CLI will acquire the remaining 60 per cent stake in SCCP in phases over the next five years. Read more at straitstimes.com.
Equinix to build 6th Singapore data centre with $348 million investment
New facility will be fitted with sustainable features such as liquid-cooling capabilities. Read more at straitstimes.com.
Singapore’s largest money laundering crackdown: 15 foreign nationals surrender $1.85 billion in assets
SINGAPORE: 15 of the 17 foreign nationals who fled Singapore amid the investigation into one of the country’s largest-ever money laundering cases have agreed to return a staggering S$1.85 billion ...
DBS’ group head of data, AI, and customer experience on ‘human’ AI in banking
Nimish Panchmatia says that AI is transforming banking, shifting the focus from transactional efficiency to a more human-centred approach that considers the long-term impacts on people and society.
Singapore’s IPO market set to grow with strong REIT sector in 2025
Due to the city’s strong framework and reliable income-generating market. Singapore’s IPO market is expected to grow robustly in 2025, particularly in the real investment estate trust (REIT) sector, ...
3 Singapore blue-chip stocks to add to your buy watchlist for their growing profits
STI climbed 1% The bank’s fee income rose due to higher wealth demand and a pick-up in credit card spending. Looking ahead, UOB is optimistic for 2025, expecting high single-digit loan growth and ...
Channelling CPF balances to invest in local equities can help lift Singapore market: Morgan Stanley
To secure buy-in from the industry ecosystem, Morgan Stanley suggests that the CPF balances to be channelled to local equities be allocated to “established local fund managers” to manage.
US$34 billion asset manager plans to hire in Singapore for climate finance
Mirova, which manages assets worth about US$34 billion, plans to expand in Asia to tap the region’s growing pool of energy transition-related investments. Read more at The Business Times.
Singapore Tycoon Loses Suit Against HSBC, Sentenced To Prison On Forgery Charges
The judgement is in relation to the high-profile demise of Singapore commodity trading business, Hin Leong Trade Pte Ltd., which in 2021 shut down after failing to restructure $4 billion in debt.