Singapore

DBS, OCBC, and UOB post combined net interest income of $8.3b in 4Q23

4Q23 marks the 5th consecutive quarter that the combined NII of the big three was above $8b.

Transition and Opportunity: Southeast Asia’s Share of US$7 Trillion Value

Banks globally are at the fulcrum of a changing world and face a dramatic need to refresh and reposition to address falling valuations whilst meeting core financial and societal needs. 

Tiger Brokers introduces debit card that gives fractional shares as rewards

It can be added to Apple Pay or Google Pay wallets for contactless payments. 

OCBC net profit up 27% S$7.02b in FY2023; final dividend is 42 cents 

Total dividend of 82 cents is 12% higher than the previous fiscal year.

Citi opens two new wealth centres in Singapore

One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.

DBS, Sheng Siong to build sustainable business ecosystem with 1,000 SMEs

DBS will offer upskilling courses and sustainable financing solutions.

E-angpaos sent in CNY tripled in 2024: OCBC

The $100 amount is the most popular e-angpao amount this year.

MAS investigating Samlit for allegedly failing to remit money to China

The money changer is suspected of failing to comply with obligations as a licensed payment service provider.

How HomePay is combating renovation scams in Singapore

Money is put in an escrow account and disbursed when milestones are reached.

Visa reopens Singapore Innovtion Centre

Amongst those displayed is a pay-by-palm tech where you pay by scanning your palm.

UOB hit record S$6.1b net profit; final dividend is 85 cents per share

Higher credit card and wealth management fees pushed fee income growth in 2023.

UOB giving out extra one-off bonus to 6,000 junior employees

This is to help them cope with rising costs of living.

OCBC gives S$9m support to 14,000 junior employees

Payouts will be made between February to March 2024.

Citi Securities Services launched FIX API connectivity in ETF platform

This comes at just the right time with the ETF industry's impending move to T+1.

DBS CEO Piyush Gupta takes S$4.14m variable pay cut for tech disruptions

The group management committee’s compensation was reduced by 21%.

DBS proposes bonus share issue for shareholders

The bank plans to give one bonus share for every 10 ordinary shared held.