Financial Services

Withering wealth? 15% of the mass affluent plan to increase their borrowing

Two in five affluent Singaporeans also said they intend to reduce spending this year.
1 day ago

Withering wealth? 15% of the mass affluent plan to increase their borrowing

Two in five affluent Singaporeans also said they intend to reduce spending this year.
1 day ago

More funds from IPOs seen in H2 as firms face economic woes: Deloitte

Nine IPOs posted $572m in proceeds, raising the total IPO market to $790m.
1 day ago

Chart of the day: Singapore’s rich are getting poorer

More than 2 in 5 Singaporean rich have had their income decreased in 2021.
1 day ago

AIA Singapore goes on hiring spree for financial associate consultants

The firm opened 500 positions along with the launch of its Financial Associate Scheme.
2 days ago

DBS vs OCBC: Which bank will be the bigger winner from an upcycle in interest rates? 

An analyst said one of the banks will have an earnings growth of 15.9% in 2023.
2 days ago

B2B bad debt level increases to 9%

Agri-food had the highest average of write-offs across industries in Singapore.
2 days ago

Woman faces charges for unlicensed fund management business

If convicted, she will be fined up to $150,000 or detained for up to three years.
3 days ago

UOB prices $400m perpetual capital securities

It will be issued under a $41.5b (US$30b) global medium term note programme.
4 days ago

Mergers, IPOs plunge in first half of 2022

The value of the seven IPOs in Singapore so far is 90% lower than last year's.

SC-STS welcomes LCH’s clearing extension for OTC SORA derivatives

The central clearing was extended from 21 years to 31 years.

MAS unveils AI tool to help financial institutions curb greenwashing

The AI utility is part of the National Artificial Intelligence Programme in Finance.

MAS conducts cyber crisis management exercise with French central bank

The exercise evaluated the effectiveness of cyber crisis coordination.

Singapore’s $35b green bond sale lifts sustainable financing capabilities

The taxonomy initiative will reduce the cases of greenwashing.

2 new DWBs offer ‘incremental income’ to SGX-listed Credit Bureau

Digital wholesale banking businesses raise the count of bureau members to 36.