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Tag: finance

Posted on 04/07/2024

Singapore stocks rise in tandem with regional indices; STI up 0.7%

SINGAPORE stocks rose on Thursday (Jul 4), tracking gains by regional indices. Read more at The Business Times.

Posted on 04/07/2024

Concerns over fraud protection grow among Singapore bank customers

SINGAPORE: A significant portion of Singapore’s banking customers are increasingly dissatisfied with the perceived level of fraud protection provided by their banks, according to a recent report. As ...

Posted on 04/07/2024

Singapore: 1.5 million adults to receive up to SGD 850 in cash, govt to disburse SGD 1.4 billion in GST Voucher in August

GSTV disbursement will amount to a total of SGD 1.4 billion in GSTV – Cash and GSTV – MediSave, which is around SGD 200 million more than last year.

Posted on 04/07/2024

Singapore’s DBS boosts digital-asset push with first stablecoin tie-up

Singapore’s largest bank DBS Group Holdings Ltd. will for the first time custody stablecoin reserves and offer related cash management services, in a tie-up with the local unit of cryptocurrency ...

Posted on 04/07/2024

How Much Does It Cost To Participate In A Marathon In Singapore

Taking part in a marathon can cost between $50 to $200 per runner depending on the distance and complexity of the event.

Posted on 04/07/2024

Singapore will not direct GIC to invest in locally listed companies

Singapore will continue to find ways to improve the attractiveness of Singapore’s equity market, but it will not direct sovereign wealth fund GIC to invest in locally listed companies, says Second ...

Posted on 04/07/2024

Singapore’s banking trio swells to 45% of Straits Times Index after recent run-up

AFTER a strong performance this year and an even more spectacular run-up this week, the three local banks are increasingly dominating Singapore’s benchmark index. The proportion of the market ...

Posted on 03/07/2024

Chart of the Day: Stock market booked $1.17b net institutional outflow in H1

UOB, OCBC, Singtel and Yangzijiang Shipbuilding book the most inflows. Singapore’s stock market logged $1.175b of net institution outflow during the first six months of 2024, according to data shared ...

Posted on 03/07/2024

10 Best Savings Accounts in Singapore with the Highest Interest Rates (Jul 2024)

Savings accounts have a simple premise, but often come with complex mechanisms for you to earn bonus interest. When you open a savings account with a bank, you deposit money into it and let that money ...

Posted on 03/07/2024

UOB winds down digital credit assessment subsidiary

It had promised to invest S$12m on Avatec when it launched in 2018. United Overseas Bank (UOB) is winding up operations of its subsidiary Avatec.ai (S) Pte Ltd, a digital solutions company using AI to ...

Posted on 03/07/2024

Singapore Stocks Jump to Two-Year High as DBS, OCBC Hit Records

Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.Most Read from BloombergDemocrats Weigh ...

Posted on 03/07/2024

Singapore Bank Shares Extend Record Highs on Dividend Yield View

Optimism over further dividend payouts coupled with elevated Federal Reserve interest rates hopes are helping push Singapore bank shares to fresh highs. “Clients are rotating to play the ...

Posted on 03/07/2024

Weapons finance scrutiny to be part of Singapore casino AML

Singapore’s parliament gave a first reading on Tuesday to a bill that will – among other things – amend the city-state’s Casino Control Act to tighten requirements for casino operators to conduct ...

Posted on 03/07/2024

SG banks turn to upskilling as hiring sentiments turn ‘cautious’

Roles related to wealth advisory and anti-ML and fraud are most in demand. The number of bankers and staff employed by Singapore banks mostly remained at the same level as in 2022, although most ...

Posted on 03/07/2024

Singapore banks continue ascent on Wednesday; DBS, OCBC chart new territory

AFTER setting fresh records the day before, Singapore’s banks maintained their rising trajectory with DBS and OCBC soaring to unprecedented highs on Wednesday (Jul 3) morning. Read more at The ...

Posted on 03/07/2024

Paxos approved by MAS for DPTservices; names DBS as primary banking partner

The approval marks Singapore as the third market where Paxos and its related entities are authorised to issue stablecoin.

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