Financial Services
UOB to divest asset management unit to AGI for $555m
UOB to divest asset management unit to AGI for $555m
The deal is expected to be completed in 2027.
5 days ago
Singapore companies top SEA payment startup funding
Airwallex made up almost 70% of the combined funding of the Top 12 startups.
MoneyMax expects stronger H1 profit on pawnbroking growth
Its FY2025 net profit stood at $71.7m, up 87.6% YoY.
Samlit Moneychanger faces 19 charges over remittance complaints
Each breach of a MAS direction carries a maximum $1m fine.
Qianhai pitches dual-headquarter model as Singapore firms seek GBA entry
Hong Kong offers fundraising and talent while Qianhai adds mainland scale technology and manufacturing links.
New SMU initiative to study law and finance links in capital markets
The launch comes as IPOs raised over $2b in 2025.
Wealth advisory clients shift focus from returns to post-retirement security
Advisers face pressure to deliver faster service and broader financial planning.
ISCA-IMDA programme targets AI upskilling in accountancy, finance
AIxAccountancy to cover ChatGPT, Claude, and Gemini for finance workflows.
Investment banking fees rise 3.1% as M&A hits three-year high
ECM underwriting fees and DCM fees both registered declines in H1.
GuocoLand secures $634.7m green loan for Lentor Central
The company will develop three towers with about 533 units.
Organised fraud forces banks and insurers to pool intelligence
AI alone won't stop it, OCBC warns as criminal networks grow in scale.
AI without guardrails is a losing bet, bank leaders warn
Executives said leadership and governance will determine who captures AI's full potential.
UOB-CQT pact explores quantum tools for derivative valuation
The initial phase will focus on path-dependent instruments.
HSBC and IHH tie wealth banking to health as longevity demand rises
Clients risk spending later years with chronic disease, making healthspan the true measure of retirement readiness.
UOB sets up tech committee to oversee digital strategy
The panel will guide digital strategy and oversee technology risk and operational resiliency.
Singapore merchants face up to US$1.2b losses from payment failures
Failed transactions and settlement delays expose hidden e-commerce losses for cross-border sellers.
Singapore equities attract retail and fund flows as EQDP widens
Nine asset managers are in the S$6.5b EQDP with funds undeployed and more small-cap capital expected in H2 2026.
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