In a confidential note sent to Myanmar banks last week, United Overseas Bank said it would restrict all incoming and outgoing payments to and from Myanmar accounts, allowing funds to be moved only ...
DBS to increase investments, hiring in China’s Greater Bay Area
Business from Chinese clients at DBS' Hong Kong and Singapore operations have seen double digit growth in the last few years. Read more at straitstimes.com.
DBS CEO Piyush Gupta nets $3.4m after selling 100,000 shares in the bank
DBS Group Holdings chief executive Piyush Gupta has sold 100,000 shares in the bank, netting him around $3.4 million, according to documents filed with the Singapore Exchange on Tuesday (Aug 8). Mr ...
S’pore banks roll out new security feature to curb malware scams; no digital banking services from phones with ‘unauthorised’ apps
To counter malware scams, banks here are rolling out a “stronger security feature” where phone users will not be able to use their banking apps or log in to their internet banking accounts temporarily ...
Foreign investors from Mauritius, Singapore under taxman’s lens
Foreign investors from Mauritius, Cyprus and Singapore have been on the receiving end of a number of notices for gains from investment in fully or compulsorily convertible debentures (CCDs) issued by ...
Concord Biotech IPO final day to apply today: GMP update, subscription status
Concord Biotech IPO subscribed 10.96 times, with grey market premium at ₹202. Allotment likely on August 11, listing on August 18.
TVS Supply Chain Solutions IPO: Latest GMP rates, price band, bidding start and end date, allotment date, listing date and other details
TVS Supply Chain Solutions has already completed a pre-IPO placement worth Rs 150 crore. Proceeds from the fresh issue will be allocated towards clearing debts incurred by the company and its ...
New security feature on OCBC banking app draws mixed reactions
Android users with apps from unofficial stores will unable to access OCBC's mobile banking app. Read more at straitstimes.com.
Singapore monetary authority to invest $110m in FinTech innovation
The Monetary Authority of Singapore (MAS) is set to invest around $110 million (150 million Singaporean dollars) in FinTech, with plans to help fund emerging technology like Web3.
Singapore affluent investors most optimistic in Asia despite global volatility: survey
Despite immense global market volatility, affluent investors in Singapore are the most optimistic in Asia, according to the Future of Wealth report commissioned by Bloomberg Media.
OCBC to offer same-day digital invoice financing to SMEs in tie-up with Sesami
SMALL and medium-sized enterprises (SMEs) that transact with the government using InvoiceNow on e-procurement platform Sesami will, from October, be able to receive same-day loan approvals through ...
Singapore’s political scandals could hurt, but not too much
No system is perfect. When you pride yourself on cleanliness, you need to deal with the blowback when stains appear. But by global benchmarks, the scandals that have caused embarrassment to the ...
National Day campaigns and activations we loved in 2023
This National Day, POSB highlights Singapore’s tight-knit culture by reminding Singapore to acknowledge the neighbors and neighborhoods that make Singapore what it is today in a film titled ‘Just Next ...
DBS CEO Piyush Gupta sells $3.4 million worth of shares in bank
The shares were sold a day after DBS reported a record $2.69 billion in second quarter net profit. Read more at straitstimes.com.
Analysts split on OCBC following 1HFY2023 results, with target prices ranging from $12.70 to $14.96
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.