Singapore

Market update: STI down 0.43%

City Developments Limited led the index.

CIMB Singapore raises deposit interest rate tenfold to up to 2% annually

StarSaver savings account holders can enjoy the new rate without any deposit caps.

Weak share price for ST Engineering shows buying opportunity: report

ST Engineering is still resilient due to global aviation traffic.

MAS tacks $375k fine on UOB Kay Hian

The fine is for breaches in business conduct and anti-money laundering rules.

Two-thirds of businesses involved in corporate giving: Wong

This will build trust and unity in the society.

Crypto remains popular amongst Singaporeans post-crash: research

More than five in 10 have invested in crypto in the last two years.

Some F&B operators, retailers unfazed by rising rents: Savills

It sees retail rents in Prime Orchard up by 3% year-on-year.

Chart of the day: 2 in 5 adults uncomfortable not wearing masks in indoor spaces

They are the most uncomfortable not wearing a mask in private transport modes.

Market update: STI up 0.19%

Jardine Matheson led the index.

Standard Chartered, FairPrice-backed Trust Bank launches in Singapore

A total of S$400m was invested by its shareholders, the neobank said.

Office and hospitality markets on the road to revival

Property experts said the shift of consumption to services gave two markets a lift in 2022.

RHB Singapore raises deposit interest rates to up to 5.5%

It attributed this to the “recent spate of competitive rising rates by local banks.”   RHB Singapore has joined the bandwagon of local banks that have raised the interest rates for their deposit accounts.

Legacy system to competitive advantage: How incumbents can win it all in the digitalisation race

The banking and capital markets industry has seen a monumental shift in how money is created, transferred, stored and owned. With the phenomenal growth of digitalisation - from the rise of cryptocurrency and blockchain, to new developments in open banking, businesses have what seems like endless opportunities at their feet. Despite this, Baker McKenzie’s digital transformation report revealed that 79% of executives in APAC still identify as digital laggards rather than digital leaders within their industry.