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Tag: finance

Posted on 14/11/2023

DBS puts ‘hold’ call on Genting Singapore under review, citing higher-than-expected $6.8 bil capex plan

"This also suggests that the Singapore tourism landscape has shifted towards attracting a greater proportion of wealthier tourists, which justifies its revised $6.8 billion capex budget over the next ...

Posted on 13/11/2023

Behind the Scenes of Prince William’s Earthshot Prize: Singapore ‘Took It Up a Notch,’ Says Photographer

Prince William's Earthshot Prize in Singapore "took it up a notch," says royal photographer who shared never-before-seen images from the event ...

Posted on 13/11/2023

Stock Market Today: Dow Futures Slip After Friday’s Strong Showing

Singapore-based investment firm Foresight Ventures has acquired an 80% stake in crypto news publication The Block for $60 million, according to a person familiar with the matter. Foresight Ventures ...

Posted on 13/11/2023

Three indicators to identify stress in the banking system, and what they show now

THE banking sector has been grappling with slowing loan growth, rising interest rates and greater macroeconomic uncertainty. Read more at The Business Times.

Posted on 13/11/2023

Genting Singapore’s net profit jumps 59% YoY to $216.3m in 3Q23

Genting Singapore recorded a net profit of $216.3m in 3Q23, a 59% jump from 3Q22. In the same period, the company saw a 33% YoY growth in its revenue to reach $689.9m. Meanwhile, the company announced ...

Posted on 13/11/2023

‘The investment we make will pay off’: 3 Singaporean leaders explain why they’re prioritising mental health

THE way we work was fundamentally changed by the Covid-19 pandemic; for many, that process was stressful and difficult to navigate. The Business Times (BT) spoke to three corporate leaders in ...

Posted on 13/11/2023

BT Mark to Market: How to fix Singapore’s stock market (Ep 37)

Find out more about subscription packages here. The Singapore market’s poor performance and lack of exciting new listings are multifaceted problems that require simultaneous action on different fronts ...

Posted on 13/11/2023

Market gyrates between fear and hope

Fed chair Jerome Powell said last week the US central bank won’t hesitate to tighten more if needed. Read more at straitstimes.com.

Posted on 13/11/2023

Reliance on finance influencers growing amongst Singaporeans: report

In parallel, "scam victims" became a prominent keyword in finance and cybersecurity conversations on social media, rising by 79% to 21,900 mentions. "Social media serves as a vital platform, providing ...

Posted on 12/11/2023

Bank staff stop woman who tried to transfer over $50,000 to ‘husband’ overseas

SINGAPORE - Insisting her husband who lived abroad needed money, a woman in her 70s tried to transfer more than $50,000 at UOB's Tampines branch in September. But when bank staff asked her for the ...

Posted on 12/11/2023

Bank staff stops woman who tried to transfer over $50,000 to ‘husband’ overseas

SINGAPORE - Insisting her husband who lived abroad needed money, a woman in her 70s tried to transfer more than $50,000 at UOB's Tampines branch in September. But when bank staff asked her for the ...

Posted on 12/11/2023

Me & My Money: Invest a little, often and early, says finance exec

Finance executive David Fergusson believes the strategy can help almost anyone improve their lot. Read more at straitstimes.com.

Posted on 12/11/2023

Singapore: Fintech Startup BondbloX Raises $6 Million in Series B Funding

BonEvalue Pte Ltd (BondbloX), a Singapore-based fintech startup that provides easy access to bonds for investors, has secured $6 million in a Series B round.

Posted on 12/11/2023

Love scam: UOB staff prevents 70-year-old woman from sending S$50K to overseas “husband”

SINGAPORE: Staff at UOB’s Tampines branch prevented a woman in her 70s from sending S$50,000... The post Love scam: UOB staff prevents 70-year-old woman from sending S$50K to overseas “husband” appear ...

Posted on 11/11/2023

Will Hong Kong’s investment scheme woo the super-rich? Analysts say revamped strategy ‘more attractive, simpler’ than Singapore’s

Those who invest HK$30 million or more in specific assets can apply for residence after seven years Singapore scheme is more complex, involves risky investments with higher threshold and other ...

Posted on 11/11/2023

OCBC Q3 profit up 21% to $1.81 billion; CEO flags growing macroeconomic uncertainty

The bank said its exposure to Singapore’s $2.8 billion money laundering case is insignificant. Read more at straitstimes.com.

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