Financial Services
CPFIS funds gain 6.17% YoY despite mixed Q1
CPFIS funds gain 6.17% YoY despite mixed Q1
As of end-March 2025, the CPFIS covered a total of 232 funds.
CIMB Singapore and Wing Bank sign MoU to boost cross-border finance
The partnership aims to enhance financial connectivity within ASEAN.
MAS’ advisory committee to review governance code
The review aims to enhance the transparency and market appeal of listed companies.
Maybank net profit up 4% to $803m in Q1
Net operating income also increased 1.8% to $2.39b.
Public trust in Singapore banks remains strong at 72% in 2024
The sector earned an Edelman Net Trust Score of 68, slightly down from 70 in 2022.
Digital wallets lead 39% of e-commerce transactions in 2024
The report projects that Singapore’s e-commerce market will reach $37.5b by 2030.
Sea Limited posts $534m profit in Q1
It reversed a year-ago loss of $30m.
Singapore top destination for Chinese travellers
Chinese tourists are increasingly seeking more personalised, local experiences.
ADDX partners with Franklin Templeton, Lexington on PE secondaries
The partnership aims to make these investment opportunities more accessible through a globally diversified secondaries strategy.
UOB and FNZ to launch new unit trust investing platform
The platform streamlines the investment process for retail and private clients.
Moneyhero Group narrows net loss by 78% in FY2024
This was driven by higher revenue from insurance and wealth products.
Keppel DC REIT subsidiary acquires green loan facility
Mandatory prepayment will be triggered if the company ceases to be a Keppel subsidiary.
Singapore SMEs face highest borrowing costs in 2024
Approvals for loans above $300,000 accounted for only 3% in 2024.
iFAST’s Q1 net profit surges 31.2% YoY
This was due to the growth in its banking and wealth management business.
Maybank, PUJB to aid SMEs in Johor-SG special eco zone
The partnership follows rising demand for Halal-certified services and products.
Keppel secures nearly $2b in capital commitments across three flagship funds
This brings Keppel’s FUM to approximately $4.9b.
Payment performance improves slightly in Q1
Three out of five sectors reported higher slow payments.
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Commentary
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