Financial Services
Insurance growth crippled by legacy tech despite 82% claiming leadership
Insurance growth crippled by legacy tech despite 82% claiming leadership
Short-term operational panics actively kill long-term strategic planning for local carriers.
OCBC gold trades jump 60% after 28 February amidst Middle East conflict
First-time investors now make up 7% of the bank’s total precious metals base.
OCBC sustainable finance portfolio climbs to $80b on 2025 gains
The bank’s 2025 report shows it issued over 280 green and sustainability-linked loans for net-zero goals.
UOB prices $930m Panda bond at 1.83%
Onshore accounts supplied 78% of participation whilst offshore investors contributed 22%.
MoneyMax names CEO’s son deputy chief operating officer
Promotion forms part of the succession plan.
MetaComp secures $44.45m pre-A funding with Alibaba-Spark Venture support
This will fund the company's AI push and regional expansion.
MoneyMax raises $88m in digital token notes with strong CEO and insiders backing
The Series 003 and 004 notes raised $63.3m and $25.26m in gross proceeds
Airwallex Singapore revenue surges 107% in FY2025
Transaction volume rose 93% over the same period.
Moomoo opens Bugis branch to back SGX Value Unlock program
The company’s third store and Moo Academy to guide retail traders on Singapore-listed firms.
Maybank Singapore rolls out $1,250 ex gratia support for junior staff amidst cost pressures
The one-off payout will be distributed to eligible juinor employees.
Top three banks see profits sink but balance sheets remain strong
The rise in fee income was the buffer amidst falling NIMs.
Gov’t consolidates flagship SME grants into unified EDGE program
Implementation of this unified funding framework is scheduled for H2 2026.
Fee income cushions banks amidst NIM squeeze
Singapore’s top banks saw NIMs dip 12 to 29 basis points YoY.
OCBC net profit edges down 2% to $7.42b in FY2025
Total income rose to $14.6b as non-interest income provided a buffer.
OCBC hit with SGX complaint over coal power financing in Indonesia
The complaint notes it excludes financing for new coal plants under its framework.
iFAST names Tan Tia Hong as group COO as veteran Wong retires
The leadership transition takes effect on 28 February 2026.
UOB FY2025 net profit drops 23% to $4.68b on higher provisions
Total income slipped 3% to $13.81b during the period.
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