Financial Services
CIMB Bank Singapore launches long-term investment product
CIMB Bank Singapore launches long-term investment product
Max InvestSave customers can invest for 15- or 25- year terms with S$5,000 minimum investment.
Singapore SMEs cautiously optimistic on economic growth
SMEs need to overcome 3 challenges – high operating costs, competition and skills shortage.
DBS appoints Sebastian Paredes Hong Kong unit CEO
Paredes comes in when DBS Hong Kong market value falls as it reported a $1.02bln writedown.
Kim Eng's executive director Ong Seng Gee resigns
Ong's can-do attitude and managerial skills helped Kim Eng flourish during the last decade.
DBS Singapore appoints Sim S. Lim as Country Manager
Lim’s new role will involve developing more acute customer focus and better leverage in the home market.
DBS and PayPal enhance global online shopping experience
Collaboration enables DBS/POSB customers to replenish PayPal accounts for online shopping without credit card.
MAS grants final approval to Singapore Mercantile Exchange
Approval seen as milestone towards creation of a pan-Asian exchange from Singapore.
SGX derivatives market extends trading hours
One-hour extension will enable customers to give prompt response to news and global market movements.
UOB profit up 28% to $602mln
Yet net interest income fell 2.6% to S$884mln while non-interest income dropped 30.7% to S$382 million.
Maybank Singapore launches Maybank Family Fund
Fund targets to raise S$1mln for low-income families through customer events, staff recreation club efforts, and other product and service offerings...
ACRJ One increases share capital to S$1,000
CSML now holds 30% interest and AJI holds 70% interest in ACRJ1
SGX wants wider participation in OTCF derivatives clearing
Proposes to admit GCMs for OTCF contracts requiring MAS regulated holding company and S$100mln Base Capital.
MAS acts on DBS Bank's online service outage
Required lender to set aside additional S$230mln to its risk-weighted assets for operational risk.
Massive flow of foreign money into Asian stocks, Bonds
OCBC Bank is reporting a massive flow of money into Asian stocks and bonds over the last week, which is one factor behind the continued strength of...
Trading in Singapore Exchange grows in July
Securities daily average trading in July up 16% while that of futures and options increased 8%.
SGD approaching near record high against USD
The Singapore dollar is now being closely watched, with the market showing preference to stay invested in Asia.
MasterCard and Smart Hub JV appoints Tara Nathan CEO
Nathan to further accelerate m-commerce strategies globally from MasterCard Mobile Payments Gateway headquarters in Singapore.
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