United Overseas Bank Ltd.’s profit topped estimates in the third quarter, driven by higher lending revenue.Most Read from BloombergMark Zuckerberg’s Wealth Wipeout Hits $100 Billion as Meta Misses ... ( read original story ...)
Southeast Asia’s digital economy still a ‘hotbed’ for investments despite global headwinds slowing growth
A report from Google, Temasek and Bain & Company said Singapore and Indonesia remained red-hot investment destinations, with regional online spending economy set to hit US$200 billion this year. ( read original story ...)
Singapore: Industrial Production surprised to the downside – UOB
Senior Economist at UOB Group Alvin Liew reviews the latest industrial production figures in Singapore. Key Takeaways “Singapore’s Sep industrial production (IP) came in below ... ( read original story ...)
Singapore Wants Consumers to take Risk test before Buying Crypto, Might Ban Borrowing to Fund Crypto Purchases
Singapore is tightening its oversight over the cryptocurrency space to introduce better investor protection measures. ( read original story ...)
Singapore’s central bank chief urges ‘balance’ in currency defence
Southeast Asia has done a “decent job” of allowing markets to absorb some shocks from an aggressive US monetary tightening while ensuring that currency weakness doesn’t spiral out of control, ... ( read original story ...)
The new brand of personalisation that’s shaping Citi’s digital banking journey
Customers want options, but curate it–don’t just offer it, says Citibank’s Nilesh Kumar. The word personalisation gets thrown around a lot when it comes to digital banking. With 80% of their customers ... ( read original story ...)
Growth-stage startup funding slows in Singapore; early-stage deals buoy overall investments
ENTERPRISE Singapore (EnterpriseSG) on Thursday (Oct 27) warned of a weakening environment for startup fundraising, noting that investments in growth-stage startups have become sluggish compared with ... ( read original story ...)
Cooling down Singapore’s HDB market as flat prices ‘overheat’ to a million
Slow down in price growth may be felt by the fourth quarter of the year, OrangeTee said. Singapore has not held back in imposing cooling measures to tame rising home prices, but in what seems to be ... ( read original story ...)
UOB Kay Hian upgrades CapitaLand Integrated Commercial Trust to ‘buy’ with TP of $2.14
UOB Kay Hian analyst Jonathan Koh's upgrade comes on the back of CICT’s positive performance for the 3QFY2022 ended Sept 30. ( read original story ...)
Expect ‘accelerated net interest margin expansion’ as DBS, OCBC report 3QFY2022 results: UOBKH
Ahead of the three Singapore banks’ 3QFY2022 ended September results, UOB Kay Hian Research analyst Jonathan Koh is maintaining “overweight” on Singapore’s three banks, citing net interest margin (NIM ... ( read original story ...)
Singapore to Invest US$50M to Develop AI Talent and Attract Researchers
The Singapore government will invest an additional US$50 million to develop local artificial intelligence (AI) talent and double the number of AI apprenticeships in the next five years. The ... ( read original story ...)
UOB defies investment banking slump with debt deals
Fixed income deals in the region are up about 40 per cent from a year ago, UOB said. Read more at straitstimes.com. ( read original story ...)
Singapore Central Bank Chief Urges Restraint on FX Intervention
Southeast Asia has done a “decent job” of allowing markets to absorb some shocks from an aggressive US monetary tightening while ensuring that currency weakness doesn’t spiral out of control, ... ( read original story ...)
Singapore’s financial sector has a road map for success
As companies around the world strive to navigate volatile macroeconomic and geopolitical conditions, Singapore’s financial sector finds itself in an advantageous situation. Many of its firms have ... ( read original story ...)
UOB offers 200 flexi-work jobs for women with caregiving duties
The initiative is an expansion of UOB’s gig employment programme, which was first rolled out in November last year to provide flexible work for its retired employees. ( read original story ...)
Singapore to invest additional S$165 million in food security programme: DPM Heng
SINGAPORE: A food security programme led by the Singapore Food Agency (SFA) and the Agency for Science, Technology and Research (A*STAR) will receive an additional S$165 million in funding, Deputy ... ( read original story ...)