Deepening debt, elevated rates, geopolitical tensions and a slowing Chinese economy were all cited in the Monetary Authority of Singapore’s annual Financial Stability Review.
DBS, OCBC and UOB introduce money-locking features to protect against scams
SINGAPORE — DBS, OCBC and UOB on Monday (Nov 27) announced new money-locking features for customers to guard against scams.
Singapore companies, banks remain financially resilient even as borrowing cost rise: MAS
But risks from higher interest rates, tighter financial conditions, and geopolitical uncertainty remain elevated. Read more at straitstimes.com.
UOB, OCBC and DBS customers can soon ‘lock up’ savings for in-person withdrawal only
The feature is designed to prevent fraudsters from siphoning money out of a hacked account. Read more at straitstimes.com.
DBS, UOB and OCBC to allow customers to lock-up funds amid rising scam cases
Customers can lock up funds in their bank accounts to safeguard against unauthorised transfers and malware scams.
UOB, OCBC & DBS letting customers ‘lock up’ money in bank accounts in anti-scam move
UOB, OCBC and DBS Bank customers can soon lock up the money in their bank accounts to stop any digital transactions in an anti-scam move. UOB and OCBC will roll out the feature on Nov. 30. DBS Bank ...
Singapore Bourse May Reclaim 3,100-Point Level
The Singapore stock market has tracked lower in consecutive trading days, slumping more than 20 points or 0.6 percent along the way.
Are young Singapore investors growing their wealth the wrong way?
SINGAPORE: Young investors here have performed poorly in managing their portfolios, according to an OCBC survey, although some online share trading platforms report that they are holding their own ...
As it connects China with the world, Standard Chartered bets on RMB internationalisation
CHINA is the world’s second-largest economy with the highest amount of total trade, and so it’s no surprise that the country’s trade relations are so deeply integrated with the rest of the world. Read ...
DBS seeks private credit foothold by originating deals
The group will, however, steer clear of doing direct lending transactions itself to avoid conflicts of interest.
Hainan FTP promotes economic and trade cooperation in Singapore
South China's Hainan Province has further promoted economic and trade cooperation with Singapore, holding a Hainan Free Trade Port (FTP) promotional event and other exchange activities in the city ...
Singapore-based Carro in talks to raise over US$100m ahead of potential US IPO
SINGAPORE – Carro, a South-east Asian online automotive marketplace, is in talks with potential investors to raise over US$100 million (S$134 million) ahead of a possible US listing in 18 months, said ...
Do you have travel plans? Consider these travel credit card promotions for your year-end travel
Whether you're planning a last-minute getaway or setting up future travels, these offers might just add that extra miles balance when you spend using foreign currencies ...
How DBS Takes Advantage of Naive Singapore Consumers to Earn the Largest Profits
Looking at the first half of each of our local bank's financial statements, one thing stands out and that is DBS gives the lowest deposit rates to its depositers. This explains why DBS has been able ...
Me & My Money: Finance exec who started trading as a teen can retire if she wants to, at age 43
Growing up in Denmark without much money, she was eager to get her first job as soon as she turned 13. Read more at straitstimes.com.
Winking Studios closed 5% above IPO price on first day of trading
SINGAPORE – Shares of Winking Studios began trading at 20.5 cents on the Catalist board of the Singapore Exchange (SGX) on Nov 20. This is 2.5 per cent above its initial public offering (IPO) price of ...