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GREAT Eastern posted a net profit of S$437.6 million for its first quarter ended March 31, 2021, 12.9 times that of S$33.9 million posted the year prior.

CGS-CIMB Securities (Singapore) has launched a S$150 million multi-tranche commercial paper entirely in digital securities on iSTOX, the digital securities platform backed by Singapore Exchange (SGX), as the financial services provider looks to widen its investor base.

UOB is considering downsizing its office space as hybrid work arrangements gain momentum, but the bank's chief executive officer and deputy chairman Wee Ee Cheong does not expect too significant a reduction in real estate.

DBS on Friday showed the blistering pace at which Singapore banks have recovered from the pains felt during the global Covid-19 outbreak last year as Singapore's largest bank cracked the S$2 billion mark in quarterly net profit.

Private equity (PE) has generally outperformed public markets over the long term. Over a 25-year period, a Cambridge Associates index tracking PE funds saw 13.2 per cent annual returns, higher than the modified public market equivalent annual returns from the S&P 500 and MSCI World indices of 8.7...

U11 UOB is considering downsizing its office space as hybrid work arrangements gain momentum, but the bank's chief executive officer and deputy chairman Wee Ee Cheong does not expect too significant a reduction in real estate.

FINANCIAL firms are expected to return less office space than DBS Group Research had earlier projected.

SHARES of DBS rose to a 52-week high on Friday after it posted a 72 per cent year-on-year rise in net profit to S$2.01 billion for the quarter ended March 31.

THE Monetary Authority of Singapore (MAS) will commit S$42 million for a new regulatory technology (RegTech) grant scheme, while enhancing the Digital Acceleration Grant (DAG) scheme, it said on Friday.

SINGAPORE'S bank lending continued its growth streak in March, rising 0.7 per cent on higher housing loans, data from the Monetary Authority of Singapore (MAS) showed on Friday.