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Pramod Mittal, brother of UK steel tycoon Laxmi Mittal, claims losses of GBP 2.5 bn in bankruptcy

Industrialist Pramod Mittal, the younger brother of UK-based steel magnate Lakshmi Mittal, has claimed that he owes GBP 2.5 billion pounds....

UK

DBS named world's best bank for 3rd year running

For the third year running, DBS has been recognised as the World’s Best Bank by New York-based financial publication Global Finance at its...

Singapore

DBS reports 26% lower net profit for 2020H1, as general allowances of SGD 1.26 billion conservatively set aside

DBS Group reported a net profit of SGD 2.41 billion for the first half of 2020 – 26 per cent lower than a year ago.

Corporate

OCBC customers can use SingPass for ibanking login in Singapore's first

OCBC’s 1.8 million digital customers in Singapore are now able to use SingPass Mobile app as an alternative login to access the full suite...

Singapore

Financial institutions should strengthen safe distancing measures: MAS

Financial Institutions in Singapore have been asked to actively encourage all customers to use electronic platforms (such as online or...

Covid-19

Asian Development Bank opens new office in Singapore

The new space signifies deepening efforts to collaborate on some of the most pressing development challenges facing Asia and the Pacific.

Singapore

DBS reports record SGD 6.39 billion profits for 2019

DBS fourth-quarter earnings increased 14 per cent to SGD 1.51 billion.

Singapore

SMEs in Singapore to focus on productivity in 2020: UOB survey

One of the ways SMEs are planning to achieve their productivity goals is to increase their investments in technology.

SMEs

Maybank Kim Eng cuts 5 per cent of Singapore manpower

Maybank Kim Eng has reduced 5 per cent of its manpower in Singapore amid stiff competition from fintech firms, according to news reports.

Corporate

Singapore central bank to issue digital bank licences

The move extends digital bank licences to non-bank players.

Singapore

Indian bank manager charged for using fake signature to embezzle money in Dubai

The Court of First Instance in Dubai has charged a former Indian bank manager with embezzling more than AED120,000 from a customer’s...

UAE

NRI loses ancestral jewellery as bank locker ransacked

If you think that bank lockers are the safest place for your valuables, then think again! An NRI from Singapore has alleged that his gold...

Global NRI Stories

Bank of Singapore ties up with Edelweiss Group to capitalise on India’s wealth

Bank of Singapore has tied up with India’s largest financial service provider Edelweiss Group to allow clients of both entities to access...

Singapore

StanChart Appoints New Head Of Global Banking In Singapore

Standard Chartered Bank announced yesterday that it has hired Chow Wan Thonh as its head of global banking, Singapore. She will report to...

Singapore

DBS to double staff in Dubai to tap wealth of Middle East businessmen and rich NRIs

In order to capitalise on the growing wealth of Middle East businessmen and rich Non-Resident Indians, DBS plans to almost triple its...

UAE

DBS CEO Piyush Gupta says fears about US-Sino trade war "somewhat overblown" for now

The fears surrounding the impact of the United States-China trade war are “somewhat overblown” for now, said Piyush Gupta, Chief...

Corporate

Indian govt thinking of dollar deposit scheme for NRIs to halt Rupee's fall

Trying to arrest the continued slide of the Indian rupee, the nation's government is reportedly considering a dollar deposit scheme for...

Global

MAS warns of fraudulent website soliciting bitcoin investments

The fraudulent site asks readers to sign up for a Bitcoin account and requests for credit card or bank account details.

Singapore

OCBC apologises for software failure that caused outage for 3-4 hours

OCBC said the incident was due to a software failure that was not detected "due to a human oversight".

Corporate

SBI opens remittance centre in Singapore

For helping overseas Indians send money to their relatives back home, the State Bank of India (SBI) has opened its first remittance outlet...

Singapore

DBS named world's best bank by Global Finance magazine

Local bank DBS is the first Asian bank to receive the accolade.

Singapore

OCBC launches robo-investing tool, a first in Southeast Asia

OCBC Bank launched its algorithm-based investment service, RoboInvest.

Singapore

DBS among 7 Best Employers of Singapore 2018: Aon study

Seven organisations, including DBS Bank, are in the list of Best Employers of Singapore in 2018. To add icing on the cake, DBS Bank has...

Singapore

DBS posts 20 percent increase in Q2 profits

DBS said it benefited from rising local interest rates and fee income from its expanding wealth management operations.

Corporate

Firefighting from the Top: Former Chairman of SBI Arundhati Bhattacharya

Last week, I had the honour of being invited by the Jadavpur University Alumni Association Singapore to a Fireside Chat in NTU One North...

Singapore Analysis & Commentary