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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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.
No profit, no problem: Singapore’s digital banks in six charts
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Singapore Gov’t Should Not Interfere in GIC Investments, Says Minister
The Singapore government should not direct or interfere with sovereign wealth fund GIC’s investment decisions, emphasised Chee Hong Tat.
HSBC curbs hiring, reins in banker travel in cost-cutting push
Era of stubbornly high interest rates that fueled the profits of large banks coming to an end. Read more at straitstimes.com.
DBS boosts digital asset push with first stablecoin tie-up
The move comes amid Singapore’s efforts to promote productive uses of underlying blockchain technology. Read more at straitstimes.com.
Singapore digital banks face down ticking clock
TIME flies and it has already been four years since the digital retail banks in Singapore made a modest splash with their launch on the banking scene. With the initial hype behind them, both GXS bank ...