Financial Services

Daily briefing: HSBC buys AXA’s SG assets for $575m; EMA wants to minimize impact of clean energy drive

And POFMA issues correction direction to Facebook over false claims on 3-year-old girl’s death.

DBS aims to double its investor base in DDEx by end of the year

The DDEx will operate 24/7 to increase trade volume amidst growing client demand.

Oracle NetSuite hosts premiere webinar on accelerating next level business growth

Oracle executives will discuss how to best upgrade your accounting software to catch the next wave of digital transformation. 

OCBC issues A$500m senior floating green notes at 0.26% rate

The notes will be issued in its Sydney, Australia branch.

Fintech startup STACS joins Mastercard’s startup engagement programme

STACS is amongst seven startups globally that were admitted into the programme.

Hong Leong Finance net attributable profit up 22.4% to $44.7m

The company ranks 665th in the Top 1000 World Banks 2021.

Singapore banks post robust net profit results

All three major banks reported net profits of more than $2b for the first six months of 2021.

SEEDS Capital enters $150m partnership for deep tech startups

The initiative involves 13 new partners under the Startup SG Equity Scheme.

CEREIT secures foray into UK Logistics

Cromwell European REIT takes the first step towards establishing a foothold in the logistics industry.

OCBC net profit soars by 86% to $2.6b in first half

The net profit growth was driven by a robust banking and insurance performance.

UOB net profit up 29% to $2b in first half of 2021

Its wholesale banking revenue was driven by large corporate and institutional clients from Singapore and Greater China.

Great Eastern reveals 102% higher earnings for H1

However, its Q2 profit fell by 22% to $232.3m. 

Binance Labs Announces Strategic Investment in NFKings, NFT Creatives and Production Company

Binance Labs, the venture capital arm and incubator of Binance, today announced its strategic investment in NFKings, a leading NFT creatives and...

MAS, BIS publish proposal on global retail payments network connectivity

Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.

MAS lifts dividend cap on local banks, financial companies

Local financial firms are expected to remain resilient even should the economy slip into a recession again.

Chart of the Day: SG Bitcoin price predictions

This chart from the inaugural Independent Reserve Cryptocurrency Index shows that more than 50% of Singaporeans believe Bitcoin’s value will increase...