The cash assistance came without any strings attached, meaning that they did not need to secure employment or meet other conditions to receive the funds. The programme was run as a randomised control ...
OCBC to recover more than $20 million from selling Sentosa Cove plot linked to money laundering probe
SINGAPORE - OCBC Bank has accepted an offer of more than $20 million for a plot of land in Sentosa Cove that once belonged to Cambodian money launderer Su Baolin, after two attempts to auction the ...
HSBC CFO Georges Elhedery appointed at new group CEO
HSBC Holdings plc announced on July 17 that group Chief Financial Officer Georges Elhedery has been appointed as Group Chief Executive, with effect from September 2.
UOB cardholders to enjoy Woori Card privileges in South Korea
The full list of merchant privileges under the partnership will be announced in the coming months Read more at straitstimes.com.
Singapore bank UOB and South Korea’s Woori Card announce pioneering reciprocal card partnership
UOB reinforces leadership position in travel and entertainment through strengthening its partnership ecosystem to offer exclusive privileges to its ASEAN customers SINGAPORE, July 17, 2024 /PRNewswire ...
UOB and South Korea’s Woori card to team up in reciprocal card partnership
The “groundbreaking” partnership will see cardholders from both companies enjoy card privileges from the other.
Allianz to Buy 51% Share in Singapore’s Income Insurance for $1.64 Bln
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Singapore shares dip 0.3%, weighed down by DBS and OCBC
SINGAPORE - The Straits Times Index (STI) closed at 3,487.91 on July 16, down 11.98 points or 0.3 per cent, as declines in the shares of DBS Bank and OCBC Bank weighed on the benchmark’s performance.
10-year US Treasury yields likely to average 3.50% to 4.50% in coming years: Bank of Singapore
Thus, 10Y UST yields may trade on average between 3.50% and 4.50% “over the next few years” — “significantly higher” than the 1.00%-4.00% range in the decade after the 2008 Global Financial Crisis, ...
4 Singapore Stocks That Have Significantly Outperformed the Straits Times Index
These four stocks have seen their share prices surpass the bellwether Straits Times Index’s performance, but can they continue to shine? The post 4 Singapore Stocks That Have Significantly ...
Funding potential SGX listings is a step in the right direction, but shouldn’t we prioritise IPO first-timers?
Temasek-backed investment firm 65 Equity Partners said it had invested S$100 million into precision manufacturer Hi-P International as a prelude for an eventual listing, most likely on the Singapore ...
HSBC hires former UK politician to head new infrastructure unit
Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a ...
Hard Numbers: Intuit’s mass layoff, Very expensive flip phone, AMD’s Finnish acquisition, Singapore’s millionaire class
Intuit, the company behind popular financial software Quickbooks and Turbotax, announced a mass layoff of 1,800 employees — about 10% of the company — with plans to rehire the same number with a ...
Singapore real estate investment sales to hit up to S$25b this year
Investments are expected to gain momentum in H2 2024. According to Knight Frank, market sentiments continue to remain at muted levels as buyers and investors continue to wait for interest rates to ...
Ola Electric IPO: Valuation Likely To Be Set At $4.5 Bn
Ola Electric is reportedly likely to be valued at around $4.5 Bn for its upcoming IPO, a decline of 16-20% from its last funding round.
Lessons from OCBC’s offer for Great Eastern: be unafraid to hold out, but do so with eyes open
MUCH has been said about what ails the local bourse and numerous suggestions have been put forward regarding how to inject vibrancy into Singapore’s stock market. Read more at The Business Times.