In his remarks, Nagarajan advised entrepreneurs to have a clear path to profitability, no matter the time needed. Their business should be scalable as well, so that its unit economics are profitable.
Analysts mixed on DBS’s prospects with ‘sell’, ‘neutral’ and ‘buy’ calls after 3QFY2023 results
The Singapore research team at RHB Bank Singapore has kept its “neutral” call with an unchanged target price of $34.70 as DBS’s 3QFY2023 results stood in line with a sequential rise in loan ...
More Singaporeans manage debt better but retirement plans on backburner: OCBC survey
The OCBC Financial Wellness Index shows Singaporeans managing debt better but delaying planning for retirement. Find out why.
Fewer Singaporeans able to spend beyond basics, OCBC survey finds
Fewer Singaporeans are able to comfortably spend on things beyond the basics, and more do not have sufficient emergency funds or enough savings to meet their families' needs over the next year, a ...
Singapore Shares May Halt Slide On Thursday
(RTTNews) - The Singapore stock market has finished lower in back-to-back sessions, slumping more than 50 points or 1.6 percent along the way. The Straits Times Index now sits just beneath the ...
Singapore stocks open stronger on Thursday; STI up 0.2%
SINGAPORE stocks edged up on Thursday (Nov 9 ... DBS was trading up 0.4 per cent or S$0.12 at S$33.45. UOB was up 0.6 per cent or S$0.16 to S$27.55, and OCBC rose 0.2 per cent or S$0.02 to S$13.08. US ...
Two Singapore banks were unable to process transactions because of an overheating data center
On October 14, DBS and Citibank suffered an IT outage that affected millions of payment transactions in Singapore. Banking apps were down, servers could not be reached, and the two banks' customers ...
Singapore GIC To Acquire Stake In Salim Group’s Indonesian Toll Road Firm Margautama For $210 Million
Singapore sovereign wealth fund GIC has agreed to acquire ... Margautama’s indirect majority owner and billionaire Anthoni Salim’s investment arm. Under the agreement, GIC will invest in Margautama ...
Winking Studios to raise S$8 million via Catalist IPO at S$0.20 a share
GAMING-RELATED company Winking Studios is planning to raise S$8 million through an initial public offering (IPO) on the Singapore Exchange (SGX) Catalist, it announced on Wednesday (Nov 8). Read more at The Business Times.
HSBC to Offer Tokenized Securities Custody Service for Institutions
The platform, planned for 2024, complements its new offering for tokenized gold as well as one for issuing digital assets.
UPDATE 1-HSBC CEO Quinn says Chinese businesses stepping up offshore diversification
(Reporting by Scott Murdoch; Editing by Christian Schmollinger and Edmund Klamann)
HSBC CEO Quinn Says Chinese Businesses Stepping up Offshore Diversification
(Reuters) - HSBC Group Chief Executive Noel Quinn said on Wednesday the bank had seen a 70% lift in business from its Chinese clients looking to diversify their business models outside of mainland China.
Shein targets up to US$90 bil valuation in US IPO, sources say
Shein was the world’s third most valuable startup in 2022, when a funding round valued the company at US$100 billion.
DBS Has $74 Million Exposure to Singapore Laundering Scandal
DBS Group Holdings Ltd.’s exposure to a money laundering scandal in Singapore is about S$100 million ($74 million), mainly from financing properties of those arrested in one of the biggest such cases in the city-state.
Commentary: DBS, Citi outage – it shouldn’t be so easy to bring daily life to a halt
service during the Oct 14, 2023 banking outage that affected DBS and Citibank. New: You can now listen to articles. SINGAPORE: Oct 14 was an otherwise ordinary Saturday afternoon until many in ...
Oct. 14-15 bank service outage: 2.5 million ATM & payment transactions & 810,000 access attempts failed
Approximately 2,500,000 ATM & payment transactions could not be completed, and 810,000 attempts to access DBS and Citibank's digital banking platforms failed from Oct. 14, 2023, to Oct. 15, 2023, when ...