Financial Services
What can lift SG banks’ sector net profit in FY23?
What can lift SG banks’ sector net profit in FY23?
Experts predict a 22.6% YoY increase in sector net profit.
Over 1,000 jobs created by tax-incentivised SFOs in 1H22, MAS reveals
More than 400 of those employed by SFOs earn $2,000-$5,000 per month.
MAS’ new T-bill has an allotted amount of $5.4b
The six-month treasury bill’s maturity date is on 9 January 2024.
Over $8b allocated for climate transition: MAS
The figure represents about 2% of the central bank’s portfolio.
Singapore expands tax incentives for single-family offices
The central bank will make adjustments in five areas of the tax incentives landscape for SFOs.
Frasers Centrepoint Trust bags $419m green loan, carbon credits from OCBC
The loan will be used to accelerate Tampines 1’s journey to carbon neutrality amongst others.
Central bank logs $30.8b net loss in FY22/23
The Monetary Authority of Singapore (MAS) said there were higher interest expenses.
Family offices to push growth of financial wealth in Singapore
There are now 800 family offices in the city, compared to only 100 five years ago.
Sustainable debt market in Singapore grew healthily to $27.05b
Singapore’s sustainable debt market went up by about 10 times in the last five years.
MAS unlikely to change policy in October: experts
UOB Kay Hian said an off-cycle announcement will only happen if there's a sharp growth downgrade in inflation.
Opnfi and actyv.ai Partners to Bring Embedded Finance Solutions for Businesses in South Asia, ASEAN & MEA
Opnfi’s B2B EmFi platform will facilitate orchestration between enterprise customers and financial services institutions.
Singapore snags ‘most ideal country for FX traders’ title
The Lion City recorded a forex suitability score of 8.07 out of 10.
9 of 10 Singaporeans think cashless payments are most eco-friendly
This includes cards, mobile wallets and mobile banking.
Central bank explores responsible AI practices through new tech firm collab
It partnered with Google Cloud to also cultivate technologists with AI skills.
Temasek Holdings cuts staff compensation over 'disappointing' FTX investment
This was after the investment firm conducted an internal review on the matter.
Grab co-founder Tan Hooi Ling to step down from operating roles
She will be transitioning into an advisory role.
Chart of the Day: Credit card balance to hit $13.7b in 2023
Singapore has 62,000 POS terminals per 1 million individuals.
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