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Tag: finance

Posted on 07/05/2024

The Ultimate List of Credit Card Reviews in Singapore (2024)

In today's dynamic world of personal finance, selecting the perfect credit card has become an essential skill. With a myriad of options available, each promising unique benefits and rewards, ...

Posted on 07/05/2024

OCBC Cycle: Road closures on May 11 & 12 for Singapore’s largest mass cycling event

SINGAPORE: The OCBC Cycle will begin this Saturday (May 11), and more than 7,000 cyclists are expected to participate. Being Singapore’s largest mass cycling event, it also aims to provide “a safe ...

Posted on 07/05/2024

Singapore stocks end lower, bucking regional upbeat trend

SINGAPORE - Shares in Singapore closed lower on May 7 ... The local banks ended the day mixed, with UOB and OCBC Bank slipping $0.01 each, but DBS Bank shares finished higher, rising $0.12 to $35.93.

Posted on 07/05/2024

UOB to maintain good asset quality amidst profitability dip

The bank is also expected to have a steady core capital ratio. UOB will remain stable despite a slight decrease in profitability, Moody’s reported. In the latest rating report, Moody’s projects UOB to ...

Posted on 07/05/2024

MAS to ensure DBS identifies root cause of recent disruptions and addresses it effectively

The recent outages occurred even as a remediation plan to identify and rectify the cause of disruptions in 2023 is ongoing. Read more at straitstimes.com.

Posted on 07/05/2024

DBS remains as Singapore’s most valuable brand, while MBS becomes strongest brand in 2024

DBS's brand value rose by 5% y-o-y to US$11 billion ($14.88 billion), making it Singapore's most valuable brand.

Posted on 07/05/2024

MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services

THE Monetary Authority of Singapore (MAS) said on Tuesday (May 7) that it was “following up” with DBS over the root cause of a disruption to the bank’s digital services on May 2. Read more at The ...

Posted on 07/05/2024

Singapore stocks kicked off on Tuesday—STI up by 0.2%

SINGAPORE: Singapore stocks ... were gaining than losing in the broader market, with 55 gainers for every 36 losers, after 21 million securities valued at S$37.6 million changed hands. The most traded ...

Posted on 07/05/2024

OCBC remains stable amidst strong credit fundamentals: Moody’s

OCBC will remain stable at least until next year amidst projected strong credit fundamentals in 2024-2025, according to Moody’s.

Posted on 07/05/2024

Waterbomb Singapore 2024: Festival Dates, Line-Up, Tickets And More

Making its debut splash in Singapore this year is the iconic water music festival WATERBOMB. Originating from South Korea, the city-state will hold WATERBOMB SINGAPORE 2024 on 24 and 25 August 2024.

Posted on 07/05/2024

Singapore Stock Market May Find Additional Support On Tuesday

The Singapore stock market rebounded on Monday, one session after ending the three-day winning streak in which it had risen more than ...

Posted on 07/05/2024

Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs

SINGAPORE -- The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York's Nasdaq via a merger with a ...

Posted on 07/05/2024

Singapore shares rise at Tuesday’s open tracking global rally; STI up 0.2%

SINGAPORE stocks entered Tuesday (May 7) morning slightly stronger following overnight gains on Wall Street and Europe brought about by optimism over potential rate cuts by central banks. Read more at ...

Posted on 07/05/2024

2 men convicted in $3b money laundering case deported to Cambodia, barred from re-entering Singapore

SINGAPORE - Two men convicted in Singapore's largest money laundering case were deported to Cambodia on Monday (May 6). Su Wenqiang and Wang Baosen, both 32, will be barred from re-entering Singapore, ...

Posted on 07/05/2024

No shortage of candidates to be Singapore’s next finance minister

DEPUTY Prime Minister Lawrence Wong will soon announce his new Cabinet, a few days before he is sworn in as Singapore’s fourth prime minister on May 15. Read more at The Business Times.

Posted on 07/05/2024

4 Asset Classes That Low-Risk Singapore Investors Can Invest In Now

Singapore investors who aim for a return of between 5% and 7% p.a. prefer four low-risk asset classes, such as fixed deposits and government bonds.

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