OCBC Bank on Friday upped its dividend payout as profits beat estimates for its fourth quarter, although it flagged a weaker-than-expected outlook for the global economy ahead.
OCBC Bank on Friday upped its dividend payout as profits beat estimates for its fourth quarter, although it flagged a weaker-than-expected outlook for the global economy ahead.
UNITED Overseas Bank's (UOB) net profit for its fourth quarter rose 10 per cent from the year-ago period, driven by growth in net interest income and trading and investment income, the bank announced on Friday.
THE Singapore dollar plunged to 1.40 against the US unit on Thursday, reflecting growing recession fears as new reported cases of Covid-19 - while slowing down inside China - seem to be picking up pace in the rest of the world.
MAINBOARD-LISTED iFast Corporation is targeting an ambitious 20 per cent return on equity (ROE) from its digital banking outfit in the next five years, with the firm "confident" of receiving a wholesale licence come mid-2020, said its top executive.
FINTECH investments in Singapore more than doubled to US$861 million in 2019 from the year before, led by big gains in funding to payments and insurtech startups.
FINTECH investments in Singapore more than doubled to US$861 million in 2019 from the year before, led by big gains in funding to payments and insurtech startups.
LOGISTICS real estate giant ESR Cayman, the sponsor of Singapore mainboard-listed ESR-Reit, on Thursday said it will offer S$225 million worth of five-year notes at par.
DISRUPTIONS to regional supply chains amid the Covid-19 outbreak have bumped costs up by almost 20 per cent for some traders and distributors as they scramble to find alternative suppliers outside of China, a senior executive at OCBC told The Business Times (BT).
