SINGAPORE: DBS Group reported a forecast-beating 32 per cent jump in quarterly profit to a record high and gave a bullish outlook on Thursday (Nov 3) as higher interest rates boosted net interest ...
DBS profit soars 32% to a quarterly record on rising interest rates
SINGAPORE -DBS Group reported a forecast-beating 32 per cent jump in quarterly profit to a record as higher interest rates boosted net interest margins at Southeast Asia's largest lender, a trend seen ...
Crypto speculation, CBDCs, talent crunch in focus at Singapore fintech festival
PM-in-waiting Lawrence Wong says there should be ‘no doubt’ Singapore is ‘fully’ embracing emerging technologies. But he says a healthy level of ‘constructive paranoia’ and ‘divine discontent’ is also ...
Medanta operator Global Health raises Rs 662 crore from anchor investors ahead of IPO
HDFC MF, Aditya Birla Sun Life MF, SBI MF, ICICI Prudential MF, Kotak MF, Max Life Insurance Company and SBI Life Insurance Company are among the anchor investors.
Singapore launches new process to digitalize banker’s guarantees, insurance bonds
Singapore's Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) on Wednesday jointly launched a digital process for businesses and individuals to provide a banker's guarantee or ...
Standard Chartered to tokenise trade finance in Singapore digital asset pilot
Standard Chartered is launching a trade finance tokenisation pilot as part of a Monetary Authority of Singapore (MAS) initiative that is exploring the economic potential and value-adding use cases of ...
Singapore: DBS Tests FX Trading, Government Securities Using Blockchain
DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public ...
Manali Petrochemicals to invest $35 million in Singapore subsidiary
Manali Petrochemicals Limited (MPL) on Wednesday said its Board has approved an additional investment of up to $35 million in its wholly-owned subsidiary AMCHEM Speciality Chemicals Private Limited, ...
Singapore’s factory activity contracts for second straight month
SINGAPORE - October’s factory activity contracted for the second consecutive month while the electronics sector pulled back for the third straight month, suggesting a continued deterioration in ...
No IPO But Online Giant Shein To Open Tokyo Store This Month
Earlier this year the company expanded its Singapore office after making a Singapore firm its de facto holding company, amid a flurry of filings by the online fast-fashion retailer, plus reports that ...
Singapore’s Central Bank Experiments with DeFi to Transform Capital and Bond Markets
The pilot, the first of its kind, was completed under MAS’ Project Guardian initiative that explores potential DeFi applications in wholesale funding markets. Under the pilot, three global banks, ...
Consolidated view of insurance policies now available on Singapore Financial Data Exchange
Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.
Consolidated view of insurance policies now available on SGFinDex
Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.
Singapore’s UOB completes deal for Citi’s Malaysia, Thailand retail banking ops
Citigroup said on Tuesday it had completed the sale of its Malaysia and Thailand retail banking businesses to Singapore's United Overseas Bank (UOB) in a transaction expected to result in a regulatory ...
Singapore’s Wong stresses ‘responsible’ fintech as crypto stance diverges from Hong Kong’s
The PM-in-waiting said there should be 'no doubt' that the city state was 'fully' embracing emerging technologies such as Web3 and distributed ledgers But a healthy level of 'constructive paranoia' ...
UOB completes buying Citi’s M’sia consumer banking ops
Announcing the completion of its Malaysia and Thailand acquisitions, United Overseas Bank Ltd (UOB) said it is working towards a smooth transition of Citigroup’s consumer banking units with a plan for ...