The agreement ended years of speculation over OCBC’s acquisition strategy in Indonesia, one of its four key markets. It also marked Chief Executive Officer Helen Wong’s first takeover since she took ...
OCBC to buy Indonesia’s Bank Commonwealth for $192 million
SINGAPORE - A subsidiary of OCBC will pay A$220 million (S$192.3 million) upfront to acquire Bank Commonwealth – the Indonesian subsidiary of the Commonwealth Bank of Australia (CBA). CBA on Thursday ...
Commonwealth Bank of Australia to sell 99% stake in Indonesian unit to OCBC
Commonwealth Bank of Australia (CBA) said on Thursday it has agreed to sell a 99 per cent stake in its Indonesian unit PT Bank Commonwealth (PTBC) to a local unit of Singapore's second-largest bank ...
OCBC Indonesia to buy over Commonwealth Bank’s stake in Indonesian subsidiary for A$220 mil
The Indonesian subsidiary of Oversea-Chinese Banking Corporation, PT Bank OCBC NISP Tbk (OCBC Indonesia), has agreed to buy Commonwealth Bank of Australia’s (CBA) 99% stake in CBA’s Indonesian banking ...
Singapore to Add Layer of Scrutiny to Significant Investments With New Bill
Once the bill passes, Singapore will join such countries as China, Japan, the U.S., Australia and the U.K., which have comparable investment regulations. Singapore has introduced a new Significant ...
Singapore Shares Predicted To Open In The Green
The Singapore stock market on Wednesday ended the two-day losing streak in which hit had fallen more than 30 points or 1 percent. The ...
Singapore to pilot use of wholesale CBCDs in 2024: Menon
MAS is also rolling out GPRNT.AI, an ESG data platform for financial institutions. Singapore will be piloting the live issuance and use of wholesale central bank digital currencies in 2024, a top ...
7 Takeaways From President Tharman Shanmugaratnam’s Fireside Chat At The Singapore FinTech Festival (SFF) 2023
The current technology revolution with AI will not only have a faster impact but also be more disruptive to cognitively skilled workers.
Standard Chartered launches tokenization platform in Singapore
SC Ventures, the fintech investment and venture arm of Standard Chartered, has launched a new tokenization platform, Libeara.
$680k seized, 5 held in anti-scam operation after DBS team’s tip-offs
Another 47 people are under investigation for their suspected involvement in scams. Read more at straitstimes.com.
Billion-dollar money laundering case: Accused at risk of cancer, say lawyers who suggest 24-hour surveillance
Su Baolin's lawyers alleged that Changi Prison's Complex Medical Centre does not provide adequate care for their client, who has a congenital heart condition.
CBDCs can replace cash, improve cross-border payments: IMF chief at Singapore fintech event
IMF managing director Kristalina Georgieva says central bank digital currencies can improve financial inclusion in places where few hold bank accounts The three-day Singapore FinTech Festival brings ...
Investment opportunities abound in 2024 but investors must be selective: Morgan Stanley
The bank characterised its 12-month outlook for returns across major equity markets as “comfortably positive.” Read more at straitstimes.com.
Standard Chartered Investment Arm Launches Tokenization Platform
Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K ...
Standard Chartered’s SC Ventures debuts tokenization
In a pioneering move within the financial sector, SC Ventures, the innovative fintech investment and venture arm of Standard Chartered, has stepped into the future of finance with the launch of their ...
Analysts keep estimates unchanged for OCBC; bank named as top sector pick for some
While DBS Group Research analyst Lim Rui Wen has kept her “hold” call like her peers, she is less upbeat on OCBC’s outlook even though the bank’s results stood largely in line with the estimates of ...