United Overseas Bank Ltd. first-quarter profit came in above estimates even as its outlook was overshadowed by stronger projections at larger rival DBS Group Holdings Ltd.Most Read from BloombergTrump ...
Amazon to Invest $9 Billion in Singapore Cloud Infrastructure
The tech giant will spend $9 billion to expand its cloud services in Singapore, coming as global tech companies are boosting their data-center footprints in Asia amid a boom in demand for ...
MAS Ensures DBS Addresses Root Causes of Recent Online Banking Disruptions
MAS has intensified its oversight of DBS Bank following repeated disruptions to its online banking and payment services.
UOB posts small drop in quarterly profit, confident of maintaining key margin level
SINGAPORE: Singapore's United Overseas Bank (UOB) posted a smaller-than-expected 2% drop in first-quarter profit on Wednesday and said it was confident of preventing further declines in its net ...
UOB Q1 profit drops 2% to $1.49 billion on lower net interest income; beats forecast
UOB had a muted start to 2024 as its margins from interest rates dropped, even as loans picked up pace and fee income rose. Net profit for the first quarter fell 2 per cent to $1.49 billion, down from ...
Singapore’s MAS Asks DBS to Identify Cause of Outages, ST Says
Singapore’s regulator has asked DBS Group Holdings Ltd. to figure out the root cause of recent disruptions to its internet banking and payment services and deal with it effectively, the Straits Times ...
UPDATE 1-Singapore bank UOB’s first-quarter net profit drops 2%, but beat forecasts
SINGAPORE, May 8 (Reuters) - Singapore's United Overseas Bank (UOB) reported on Wednesday a 2% decline in net profit in the first quarter from a year earlier on the back of a drop in net interest ...
Singapore government briefings for international banks not ‘unusual’ as asserted in FT article: Indranee
In an Apr 20 article, the Financial Times reported that Singapore had given international banks an "unusual series of top-level briefings on geopolitics".
Standard Chartered readies debut euro covered bond
Standard Chartered Bank is set to issue its first euro covered bond — a three to five year benchmark issued through its Singaporean branch. “Everyone knows the name,” said a syndicate banker close to ...
DBS CEO Piyush Gupta sells $2.7 million worth of bank shares
SINGAPORE - DBS chief executive officer Piyush Gupta has gained $2.7 million after selling 75,000 of his shares in the bank, according to a filing on the Singapore Exchange on May 7. The transaction ...
In Data: Global cloud industry set to exceed $1.4trn by 2027 as AWS doubles Singapore cloud investment
The global cloud industry is set to exceed $1.4trn by 2027 according to research and analysis company GlobalData as news comes today (7 May) that Amazon Web Services (AWS) will double its investment ...
WP’s Louis Chua explains why $1 is worth less in Singapore than elsewhere
SINGAPORE: Workers’ Party MP Louis Chua posted an interesting question on Facebook on Tuesday morning... The post WP’s Louis Chua explains why $1 is worth less in Singapore than elsewhere appeared fir ...
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
SINGAPORE shares closed lower on Tuesday (May 7), bucking a regional rally and overnight gains in the US. Read more at The Business Times.
Singapore takes the crown for offering highest average annual salary in Asia
SINGAPORE: When it comes to the highest yearly salaries in Asia, Singapore is ranked number... The post Singapore takes the crown for offering highest average annual salary in Asia appeared first on T ...
Singapore: Two men convicted in S$3bil money laundering case deported to Cambodia
SINGAPORE (The Straits Times/ANN): Two men convicted in Singapore’s largest money laundering case were deported to Cambodia on Monday evening. Su Wenqiang and Wang Baosen, both 32, will be barred from ...
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, ...