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Tag: finance

Posted on 10/03/2023

Indian-origin teen charged for cheating bank in Singapore

An Indian-origin teen in Singapore was charged on Friday with one count of cheating and one count of abetting an unknown person to secure unauthorised access to a bank's computer system. Mathana Raaj ...

Posted on 10/03/2023

UOB Kay Hian downgrades BRC Asia to ‘hold’ following ‘weak’ 1QFY2023 results from ongoing headwinds

BRC’s revenue and net profit for the 1QFY2023 ended Dec 31, 2022, stood below their expectations. BRC’s net profit for the quarter stood 12.2% lower y-o-y at $11.7 million and at 13.1% of Tan and ...

Posted on 10/03/2023

DBS chief Piyush Gupta’s pay climbs 13% to S$15.4 million as bank profit soars

SINGAPORE: DBS Group chief executive Piyush Gupta earned S$15.4 million in 2022, a 13 per cent increase in what was a banner year for Southeast Asia's biggest lender. That included a cash bonus of S$5 ...

Posted on 10/03/2023

HCMC calls for Singapore investment in major projects

HCMC called on Singaporean investors to invest in the city’s priority projects such as HCMC – Moc Bai Expressway, Beltway No. 4, and Metro line 3A-3B-4, reported the local media. At a conference on in ...

Posted on 10/03/2023

Assistant finance manager who was deep in debt admits to stealing $5m belonging to firm

SINGAPORE - An assistant finance manager who was heavily in debt began misappropriating money belonging to his firm. Read more at straitstimes.com.

Posted on 10/03/2023

After year of injury, emotional Ko Jin-young defends HSBC Women’s World Championship title

It was a long week and an even longer year, but Ko Jin-young is a champion once again. Almost a year to the day since her record-shattering victory at the HSBC Women’s World Championship, the South ...

Posted on 10/03/2023

Sebas acquires former Citibank site near UOB

THE FORMER Citibank property on University Drive has been renamed in honour of the father of its new owner - Island Luck chief, Sebas Bastian. The building, which houses a Scotiabank branch ...

Posted on 10/03/2023

Indonesia targets $66b in foreign investment for 2023, up 7.5% from 2022

Indonesia, South-east Asia’s largest economy, is targeting nearly US$49 billion (S$66.2 billion) in foreign direct investment (FDI) this year, about a 7.5 per cent increase over inflows for 2022, said ...

Posted on 10/03/2023

Singapore’s Keppel aims to invest in Vietnam amid ‘China plus one’ shift

The Keppel Corporation in Singapore is tapping emerging markets such as Vietnam for growth. Vietnam is emerging as a manufacturing hub for investors who are looking to diversify from China. Loh Chin ...

Posted on 10/03/2023

Asia markets spooked by troubled US start-up bank, Singapore stock index down 0.8%

Asia stocks fell after a US Silicon Valley start-up lender unleashed fears of broader banking-system stress. Read more at straitstimes.com.

Posted on 10/03/2023

Will Nifty top 17600 or bears to drag? Check US, Asia stocks, SGX Nifty, FII/DII data, more before market opens

Indian benchmark indices are likely to open decisively in the red, hinted SGX Nifty. Check nine key things to know before the market's opening bell on Friday.

Posted on 10/03/2023

Tata Technologies files for IPO: All you need to know

Tata Technologies, a unit of Tata Motors, filed for an initial public offering (IPO) on Thursday, according to draft papers filed with the market regulator Securities and Exchange Board of India (Sebi ...

Posted on 10/03/2023

Grab finance chief reduces stake through $1.5 million share sale

Grab shares have declined more than 70% since it merged with a US blank-cheque company in late 2021. Read more at straitstimes.com.

Posted on 10/03/2023

Singapore’s Central Bank Boosted Gold Reserves 30% in January

Singapore boosted its gold reserves by about 30% in January, joining central banks from China to Turkey in building up holdings of the precious metal.Most Read from BloombergCompanies Are Telling Us ...

Posted on 10/03/2023

DBS CEO Piyush Gupta’s 2022 salary rises 13.2 per cent to $15.4 million, which includes club, car and driver benefits worth $80k

Mr Piyush Gupta, the chief executive of DBS Group, saw his annual earnings climb 13.2 per cent to $15.4 million in 2022 as South-east Asia’s biggest bank posted record profit and return on equity (ROE ...

Posted on 10/03/2023

Chart of the Day: Top asset classes women in Singapore invest in

Apart from stocks, Singaporean women also like to invest in bonds (17.2%), exchange-traded funds (ETFs) (14.0%), funds (13.2%), and real estate investment trusts (REITs) (5.2%). Also part of the top ...

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