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SINGAPORE’S largest bank is looking to make some “judicious investments” on the technology front, as it expects cost-to-income ratio to come down, giving it more capacity to shore up its tech capabilities and talent pool, DBS executive chief Piyush Gupta said on Thursday (Aug 4).

WHILE recession risks and rising inflation may pose uncertainties in near-term growth for the global economy, OCBC expects Asia will continue posting economic growth - albeit slower - for the second half of this year.

CRYPTO has come up frequently in dinner-table conversations of late, as the market continues reeling from recent sell-offs and a spate of bankruptcy filings. Since the stablecoin TerraUSD collapsed in May, several large exchanges and lending firms have filed for bankruptcy protection, leaving clients’ assets trapped in their...

THE appetite for sustainable financing has accelerated in recent years, driven by global initiatives to tackle climate change and promote sustainable development. Institutional and retail investors alike are increasingly putting money into responsible financing structures, such as green bonds and sustainability loans.

GREAT Eastern’s profit attributable to shareholders rose 22 per cent to S$282.9 million for the second quarter ended Jun 30, from S$232.3 million in the same period a year ago.

FINTECH player Sparrow has obtained a major payment institution licence from the Monetary Authority of Singapore (MAS) to provide digital payment token services under the Payment Services Act 2019.

DBS on Monday (Aug 1) said it will appoint Lim Chu Chong as the new head of its Indonesia franchise. He will succeed Paulus Sutisna, who has held the role since 2015.

SUSTAINABLE funds in the Asia-Pacific, excluding China and Japan, recorded US$929 million in net flows in the second quarter of 2022, down 26 per cent from the S$1.3 billion net inflows recorded in the first quarter, Morningstar said on Friday (Jul 29).

UOB on Friday (Jul 29) reported net profit for the second quarter rose 11 per cent year on year, as margins improved and trading and investment income saw some recovery.

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