SINGAPORE: The OCBC Cycle will begin this Saturday (May 11), and more than 7,000 cyclists are expected to participate. Being Singapore’s largest mass cycling event, it also aims to provide “a safe ...
Singapore stocks end lower, bucking regional upbeat trend
SINGAPORE - Shares in Singapore closed lower on May 7 ... The local banks ended the day mixed, with UOB and OCBC Bank slipping $0.01 each, but DBS Bank shares finished higher, rising $0.12 to $35.93.
UOB to maintain good asset quality amidst profitability dip
The bank is also expected to have a steady core capital ratio. UOB will remain stable despite a slight decrease in profitability, Moody’s reported. In the latest rating report, Moody’s projects UOB to ...
MAS to ensure DBS identifies root cause of recent disruptions and addresses it effectively
The recent outages occurred even as a remediation plan to identify and rectify the cause of disruptions in 2023 is ongoing. Read more at straitstimes.com.
DBS remains as Singapore’s most valuable brand, while MBS becomes strongest brand in 2024
DBS's brand value rose by 5% y-o-y to US$11 billion ($14.88 billion), making it Singapore's most valuable brand.
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services
THE Monetary Authority of Singapore (MAS) said on Tuesday (May 7) that it was “following up” with DBS over the root cause of a disruption to the bank’s digital services on May 2. Read more at The ...
Singapore stocks kicked off on Tuesday—STI up by 0.2%
SINGAPORE: Singapore stocks ... were gaining than losing in the broader market, with 55 gainers for every 36 losers, after 21 million securities valued at S$37.6 million changed hands. The most traded ...
OCBC remains stable amidst strong credit fundamentals: Moody’s
OCBC will remain stable at least until next year amidst projected strong credit fundamentals in 2024-2025, according to Moody’s.
Waterbomb Singapore 2024: Festival Dates, Line-Up, Tickets And More
Making its debut splash in Singapore this year is the iconic water music festival WATERBOMB. Originating from South Korea, the city-state will hold WATERBOMB SINGAPORE 2024 on 24 and 25 August 2024.
Singapore Stock Market May Find Additional Support On Tuesday
The Singapore stock market rebounded on Monday, one session after ending the three-day winning streak in which it had risen more than ...
Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs
SINGAPORE -- The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York's Nasdaq via a merger with a ...
Singapore shares rise at Tuesday’s open tracking global rally; STI up 0.2%
SINGAPORE stocks entered Tuesday (May 7) morning slightly stronger following overnight gains on Wall Street and Europe brought about by optimism over potential rate cuts by central banks. Read more at ...
2 men convicted in $3b money laundering case deported to Cambodia, barred from re-entering Singapore
SINGAPORE - Two men convicted in Singapore's largest money laundering case were deported to Cambodia on Monday (May 6). Su Wenqiang and Wang Baosen, both 32, will be barred from re-entering Singapore, ...
No shortage of candidates to be Singapore’s next finance minister
DEPUTY Prime Minister Lawrence Wong will soon announce his new Cabinet, a few days before he is sworn in as Singapore’s fourth prime minister on May 15. Read more at The Business Times.
4 Asset Classes That Low-Risk Singapore Investors Can Invest In Now
Singapore investors who aim for a return of between 5% and 7% p.a. prefer four low-risk asset classes, such as fixed deposits and government bonds.
Singapore leads APAC in attracting cross-border capital
Overseas investments made up 45.6% of Singapore's capital in 1Q24. Singapore received the highest portion of cross-border capital in Asia-Pacific, receiving US$906m from institutional investors.