OCBC guides for the project revenue inflow in FY2023, FY2024 and FY2025 to be split at $500 million, $1 billion and $1.5 billion.
OCBC prices S$550 million perpetual capital securities at 4.5%
OCBC has priced S$550 million in perpetual capital securities at 4.5 per cent per annum, first callable in 2029. Read more at The Business Times.
Singapore banks look to wealth segment, interest margins growth after strong Q2 results
SINGAPORE’S local banks retained resilient results for the second quarter of 2023 as they continued to benefit from higher net interest income due to high interest rates. Read more at The Business ...
Singapore’s MAS To Boost Fintech With New Investment Commitment: Will It Pay Off?
The Monetary Authority of Singapore (MAS) has pledged to invest up to S$150 million over the next three years to bolster technology and innovation within the financial sector.
Singapore’s $150M pledge to transform FinTech landscape
Singapore has firmly established itself as a thriving hub ... to the tokenization of assets and the implementation of institutional-grade Decentralized Finance (DeFi) protocols. This collaboration ...
China or India? How to invest in the coming Asia boom
China is the world’s second-largest economy, featuring a massive consumer market and advanced manufacturing. India has friendlier relations with the West and a young workforce. Its economy is ...
Retail investors are getting bullish on the Singapore stock market: Moomoo Singapore
According to Moomoo Singapore, 70% of survey respondents think they will trade Singapore stocks in the next six months.
Guide To Buying US T-Bills For Singapore Investors
In July 2023, the US Federal Reserve raised benchmark interest rates to the 5.25%-5.50% level. This was the 11th rate hike in under 18 months – driving up interest rates up from the 0.25% to 0.50% ...
Parallels between Grand Slam tennis and the Singapore stock market
I tuned in to some Grand Slam tennis, the French Open, on television. Even though it was the latter stage of the tournament, when matches are expected to be more exciting and stakes higher, the ...
Up to S$130 cash reward & other perks from DBS/POSB for NSFs
DBS/POSB is offering its very own "sign on bonus" for NSFs who credit their NS allowance into their DBS/POSB accounts, with up to S$130 in cash rewards to be earned.
‘Singapore on the Thames’: HSBC’s exit from London’s Canary Wharf seen triggering slide in home prices, agency says
Developers will have to cut prices as the area needs a ‘significant redesign’ to draw visitors and residents, says managing director of London Central Portfolio.
Singapore bank OCBC second-quarter earnings rise; sees rate cuts from 2024
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Friday posted a 34% rise in second-quarter net profit, in line with estimates, while flagging it expected interest rates to ...
Singapore’s Temasek To Invest Rs 1,200 Crore In M&M’s EV Business, Acquire Nearly 3 Per Cent Stake
Mahindra & Mahindra (M&M) on Thursday said that Singapore's sovereign wealth fund, Temasek Holdings Pvt Limited, will be investing up to Rs 1,200 crore in its electric vehicle (EV) business at a ...
George Goh ‘made a mistake’ about role of the CIO in investment management businesses: Ng Kok Song
SINGAPORE: Mr Ng Kok Song has said that his fellow presidential hopeful George Goh is mistaken about the role of the CIO in an investment management company. "I think Mr Goh made a mistake. He thinks ...
Letter notifying account holders of digibank account deactivation is legitimate, says Singapore-based bank DBS
Images circulating on social media channels of a letter from DBS notifying account holders about the deactivation of their digibank account is ...
DBS CEO Sees More Inflows to Singapore From China Doldrums
Singapore stands to benefit from more investments and a continued influx of wealth amid geopolitical tensions surrounding China and its tepid economic growth, according to Southeast Asia’s largest ...