Financial Services
UOB Group launches $3b Capital Distribution Package for shareholders
UOB Group launches $3b Capital Distribution Package for shareholders
The group also introduced a $2b share buyback programme.
Paragon REIT taps PrimePartners as adviser in privatisation bid
The IFA would advise the independent directors of the REIT’s manager.
Over 4 in 5 businesses seek government support
The majority of those in the health sector have applied or are interested.
iFAST Corp net profit soars 46.3% YoY in Q4 2024
For FY2024, net profit rose 135.7% YoY to $66.63m.
Gen Z, Millennials struggle to build savings as they juggle heavier responsibilities
Those aged 25 to 44, who have more liabilities and invest the least, a study said.
MAS, ABS to launch unified payment entity for national schemes
The new entity will consolidate Singapore’s national payment schemes, including SGQR.
Singapore SMEs lose $800m annually in interest from idle cash: survey
Nearly half of SMEs prioritise guaranteed returns (48%) and liquidity (45%), but traditional banking solutions fail to meet both needs.
DBS lowers FY2025 DPU forecast for FLCT with distribution cut
The DPU forecast was lowered by 10%.
Syfe bids $55m to acquire Australia’s Selfwealth
The deal will also provide Selfwealth customers with access to Syfe’s broader range of investment products and tech-driven solutions.
Singtel’s Optus bags $1.64b credit facility with 12 banks in Australia
The facility will be used to refinance existing credit facilities.
Most finance leaders worry about nonfinancial data integrity: EY
43% of Singapore finance leaders citing inconsistencies and 30% reporting difficulties related to data formats.
MAS extends Global-Asia bond grant scheme through 2029
Significant changes have been introduced to the scheme, including a per-issuance cap for eligible expenses.
E-wallets ordered to subscribe to FIDReC under new category
34 e-wallet providers have subscribed.
More than half of S’poreans rely on social media for financial advice
Half believe social media has improved their financial knowledge.
SG banks to report ‘softer’ earnings for Q4
DBS may declare a special dividend, according to analysts.
DBS redeems $1b perpetual securities at 3.30% on 27 February
The securities were issued under the 2020 US$3b Global Medium Term Note Programme.
Alta, Stableton to expand investor access to private companies
Currently, the global unicorn market is valued at $4.7t.
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Commentary
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