Financial Services
New DBS service to help SMEs lock in FX rates in advance
New DBS service to help SMEs lock in FX rates in advance
SecureFX aims to aid businesses to secure FX rates for payments of up to US$1m without requiring credit lines.
MoneyMax profit jumps 65% in FY 2024
The group’s revenue rose 36.5% year-on-year to $390.1m.
Wee Ee Cheong ups stake in UOB following $6b net profit announcement
The board has proposed a final dividend of 92 cents per share.
UOB Sydney branch issues A$2b senior unsecured notes
The notes maturity date is on 28 February 2028.
Hong Leong Finance's net profit rises by 11.5% YoY for FY 2024
Earnings per share stood at $0.2320.
SingFinance’s profit after tax grows 9% YoY in FY2024
The company recommended a first and final dividend of $0.065 per share.
Budget 2025: Winners and Losers
Experts say some sectors could face drawbacks from budget measures.
UOB Group launches $3b Capital Distribution Package for shareholders
The group also introduced a $2b share buyback programme.
Paragon REIT taps PrimePartners as adviser in privatisation bid
The IFA would advise the independent directors of the REIT’s manager.
Over 4 in 5 businesses seek government support
The majority of those in the health sector have applied or are interested.
iFAST Corp net profit soars 46.3% YoY in Q4 2024
For FY2024, net profit rose 135.7% YoY to $66.63m.
Gen Z, Millennials struggle to build savings as they juggle heavier responsibilities
Those aged 25 to 44, who have more liabilities and invest the least, a study said.
MAS, ABS to launch unified payment entity for national schemes
The new entity will consolidate Singapore’s national payment schemes, including SGQR.
Singapore SMEs lose $800m annually in interest from idle cash: survey
Nearly half of SMEs prioritise guaranteed returns (48%) and liquidity (45%), but traditional banking solutions fail to meet both needs.
DBS lowers FY2025 DPU forecast for FLCT with distribution cut
The DPU forecast was lowered by 10%.
Syfe bids $55m to acquire Australia’s Selfwealth
The deal will also provide Selfwealth customers with access to Syfe’s broader range of investment products and tech-driven solutions.
Singtel’s Optus bags $1.64b credit facility with 12 banks in Australia
The facility will be used to refinance existing credit facilities.
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