Financial Services
UOB net profit up 29% to $2b in first half of 2021
UOB net profit up 29% to $2b in first half of 2021
Its wholesale banking revenue was driven by large corporate and institutional clients from Singapore and Greater China.
Great Eastern reveals 102% higher earnings for H1
However, its Q2 profit fell by 22% to $232.3m.
Binance Labs Announces Strategic Investment in NFKings, NFT Creatives and Production Company
Binance Labs, the venture capital arm and incubator of Binance, today announced its strategic investment in NFKings, a leading NFT creatives and...
MAS, BIS publish proposal on global retail payments network connectivity
Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.
MAS lifts dividend cap on local banks, financial companies
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
Chart of the Day: SG Bitcoin price predictions
This chart from the inaugural Independent Reserve Cryptocurrency Index shows that more than 50% of Singaporeans believe Bitcoin’s value will increase...
DBS provides S$6.2b collateral-free loans to SMEs amidst pandemic
The bank is now allowing small- and medium-sized enterprises to avail the loan digitally.
Temasek subsidiary launches three-tranche USD bonds offering
It is comprised of a 10-, 20-, and 40-year USD Temasek Bonds.
Temasek subsidiary launches three tranche USD bonds offerings
It is comprised of a 10-, 20-, and 40-year USD Temasek Bonds.
Daily briefing: GIC still optimistic over China tech; SG to extend $1.1b support amidst Phase 2 restrictions
And Taxis and private drivers to get $10 per day until end-August.
Virtual banking trumps branch banking amongst Singaporeans: study
But less than half of SEA respondents are excited by the digital services currented offered.
Singapore must flex its Green Fintech credentials ahead of COP26
With less than six months to go to the United Nations Climate Change Conference (COP26), scheduled to be held in the city of Glasgow in November under...
DBS, MPA complete live bunker delivery financing pilot with digital bunker delivery note
This successful pilot is a first for Singapore, and demonstrates the viability of digitalised bunker financing.
Protection against accidents, illnesses top delivery riders’ insurance needs
Gigacover, an independent worker insurance provider, saw its users increase ninefold since 2020.
Chart of the Day: Bank stocks amongst strongest in H1 as locals average 19% of returns
DBS, OCBC, and UOB received net institutional and net proprietary inflows of $1.39b in Q1 and $468m in Q2.
UOBAM marks surge in online coporate investing
Clients' AUM on the online portal also surpassed S$1b (US$740m).
Real-time payment trumps cash, credit in payment method in Singapore
Real time payment methods such as PayNow, DBS PayLah, and OCBC Pay Anyone has risen in popularity.
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Commentary
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As Singapore broadens retail investing, who moves before the news?