Nine-month earnings rose 32 per cent to $5.4 billion, the first time it crossed $5 billion for the period. Read more at straitstimes.com.
Singapore shares fall at Friday’s open; STI down 0.6%
SINGAPORE shares began trading in negative territory on Friday (Nov 10) to track overnight losses on Wall Street. Read more at The Business Times.
OCBC reports 3QFY2023 net profit of $1.81 bil; 9MFY2023 net profit at new high of $5.4 bil
Oversea-Chinese Banking Corporation (OCBC) has reported a net profit of $1.81 billion for the 3QFY2023 ended Sept 30, 21% higher y-o-y and 6% up q-o-q. This brings the bank’s net profit for the ...
UOB staff foil scammer who went with 80-year-old victim to bank branch to withdraw $40k
It turned out that elderly woman had been a victim of a government officials impersonation scam. Read more at straitstimes.com.
Singapore as a global fintech hub – an unstoppable trend
Singapore has an ecosystem of more than 1,440 fintechs and 40 innovation labs dedicated to financial services.
Chinese firms are increasing diversification outside of China, says HSBC CEO
Diversification away from China is increasing, and it doesn’t just affect foreign companies, according to HSBC CEO Noel Quinn.
Standard Chartered’s venture arm to set up crypto fund in UAE
The Digital Asset Joint Venture will not limit itself to the regional market but “explore the emerging digital asset ecosystem opportunities globally.” ...
UOB (U11) Guide: Share Prices, Dividends and Market News (2023)
These days, everyone is talking about the UOB One Savings Account or the UOB One credit card. But you know what I wanna talk about? U11. No, this isn't some new rock band a la U2. U11.SI ("SI" stands ...
Sold-out Ed Sheeran tickets mark another win for Singapore’s UOB after Taylor Swift bonanza
Customers of United Overseas Bank Ltd. have snapped up all presale tickets for the English Grammy award-winning singer’s gigs in Singapore, Thailand, Malaysia and Indonesia next year, the bank said ...
DBS Group and iFast Corp divide the spoils
DBS has made sure it continues to reward its shareholders. With record earnings and a strong capital base, DBS paid a total FY2022 dividend of $2 per share, which includes a 50-cent special dividend.
Winking Studios to raise $8m via Catalist IPO at 20 cents a share
It will issue 27.2m placement shares, with the remaining 12.8m shares issued through a cornerstone investment. Read more at straitstimes.com.
Winking Studios launches IPO on Catalist at 20 cents per share
Winking Studios is currently 55% owned by Acer Gaming, the e-sports arm of Acer Acer Incorporated. Both Acer Incorporated and Acer Gaming are listed on the Taiwan Stock Exchange. Post-IPO, Acer Gaming ...
Top award in financial services for companies under a billion goes to Sing Investments & Finance
The Edge Singapore’s Billion Dollar Club Awards have shone a spotlight on Sing Investments & Finance (SIF). In the Centurion Club sector for companies with a market capitalisation of less than $1 ...
Clear path to profitability needed for green companies to attract finance: Earthshot panellists
In his remarks, Nagarajan advised entrepreneurs to have a clear path to profitability, no matter the time needed. Their business should be scalable as well, so that its unit economics are profitable.
Analysts mixed on DBS’s prospects with ‘sell’, ‘neutral’ and ‘buy’ calls after 3QFY2023 results
The Singapore research team at RHB Bank Singapore has kept its “neutral” call with an unchanged target price of $34.70 as DBS’s 3QFY2023 results stood in line with a sequential rise in loan ...
More Singaporeans manage debt better but retirement plans on backburner: OCBC survey
The OCBC Financial Wellness Index shows Singaporeans managing debt better but delaying planning for retirement. Find out why.