Financial Services
Public trust in Singapore banks remains strong at 72% in 2024
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.
UOB injects $103m to double Vietnam capital since 2021
UOB is currently the only Singapore bank with a subsidiary in Vietnam.
Ransomware attack exposes customer data at DBS, Bank of China Singapore
About 8,200 DBS customer statements were potentially compromised.
Authorities warn public about scam calls impersonating MAS officials
At least three cases have been reported since March 2025, resulting in losses of more than $614,000.
Foreign exchange and money markets functioning normally: MAS
The central bank said that it is ready to curb “excessive volatility” in the SGD.
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