The allegations were made by Mr Koh Kien Chon, who is also known as Mr Ken Koh, in a statutory declaration on Feb 25. Mr Koh is the former chief executive of Yang Kee Logistics, a client of UOB. The ...
UOB to take legal action against former Yang Kee Logistics CEO, The Online Citizen over ‘defamatory’ remarks
SINGAPORE] UOB will initiate legal proceedings against Ken Koh, the former chief executive of Yang Kee Logistics, after he failed to retract and apologise for “baseless” and “defamatory” allegations.
UOB lowers interest rate on flagship One Account following OCBC’s 360 Account cut
From May 1, the maximum interest rate on One Account will be 3.3% per annum on the first $150,000, down from 4%. Read more at straitstimes.com.
Jefferies reiterate DBS as their preferred bank given lowest NIM margin sensitivity, TP $52
The report from analysts Sam Wong and Shujin Chen comes after reports of DBS as the forerunner to acquire 86% in Indonesia’s Panin Bank last week.
Temasek-backed 65 Equity Partners, Inflexion to make minority investment in Kee Safety
SINGAPORE] Global investment firm 65 Equity Partners and Inflexion, a mid-market private equity firm, announced on Tuesday (Apr 1) their plans to jointly invest in safety equipment provider Kee Safety ...
Singapore’s GLP closes first digital infrastructure fund at $358 million in assets under management
Singapore-based GLP has successfully wrapped up its inaugural digital infrastructure-based fund, the GLP China IDC Income Fund I, with assets under management of 2.6 billion yuan ($357.76 million), ...
YZJ Financial falls 10% after announcement of divestment of entire treasury shareholding
SINGAPORE] Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said it agreed to divest its entire treasury ...
UOB lowers interest rate on flagship One Account, joins OCBC in 360 Account cut
From May 1, maximum interest rate on One Account will be cut to 3.3 per cent per annum on the first $150,000 from 4 per cent. Read more at straitstimes.com.
UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut
SINGAPORE] UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. Read more at The Business Times.
Asian stocks bleed on Monday: Nikkei crashes 4%, Hang Seng down 2%
Asian stock markets tumbled on Monday, tracking Wall Street’s weak close on Friday as concerns over US President Donald Trump's upcoming tariffs rattled investors.
OCBC should sell Chulia Street properties so assets can be redeveloped to benefit Singapore
Enable CBD rejuvenation by selling OCBC Centre cluster of buildings for redevelopment Read more at The Business Times.
HSBC to provide US$40 million facility for Vietnam infra firm
The SACE Push facility is financed by HSBC Singapore, and LBBW will act as the mandated lead arranger. HSBC Singapore and HSBC Vietnam will act as sole ECA coordinating bank, facility and security ...
DBS, UOB, OCBC chiefs’ salary packages still lag global peers
SINGAPORE] Piyush Gupta, who on Mar 28 stepped down as chief executive of DBS after 15 years at the helm, saw his salary package more than double since the start of his tenure. Read more at The ...
OCBC pumps $2 million into programme to help over 180k seniors
SINGAPORE – A $2 million programme by OCBC Bank aims to help more than 180,000 seniors in Singapore over the next three years. The initiative was launched at Bukit Canberra in Sembawang on March 29, ...
Singapore’s financial sector turns to contract hiring for cost control
Hiring processes have become lengthier as employers consider cultural fit and regulatory compliance. The financial services sector in Singapore continued to remain cautious in their hiring, with an ...
How to Retire in Singapore
Singapore offers an exceptionally high quality of life that includes vibrant culture, excellent health care and modern infrastructure.