Markets

THE three incumbent banks in Singapore - DBS, OCBC and UOB - could face modest competition from digital banks in the near term, but they are equipped to handle that smoothly, said a Fitch Ratings report on Wednesday.

Handlebars tight in snaking rows of colour, thousands of abandoned bicycles line an open field outside the city of Shenyang, relics of a shared bike mania that has overwhelmed China's cities.

In the foothills of Taiwan's mountainous spine, reservoirs are running dry as the island experiences its worst drought in decades -- a crisis that risks deepening an already acute global semiconductor shortage.

SINGAPORE: Shell is working with several partners to trial the use of hydrogen fuel cells for ships in a first-of-its-kind study for the energy firm and in Singapore.  The success of the trial will "help pave the way for cleaner, hydrogen-powered shipping", said Shell in a press release, adding...

SHARES of DBS reached an intraday low of S$28.27, a 2.6 per cent or S$0.75 drop from its previous close. This puts the lender in a one-week low after it proposed to acquire a 13 per cent stake in Shenzhen Rural Commercial Bank (SZRCB) on Tuesday.

FUNDS managed by Blackstone Real Estate have agreed to acquire The Sandcrawler, an iconic Grade A commercial building in Singapore, for S$176 million from Lucas Real Estate.

SINGAPORE Reinsurance on Tuesday said offeror Fairfax Asia does not intend to increase its 35.35 Singapore cents offer price "under any circumstances whatsoever".

The demand for deep tech is only going to grow and the only way for Singapore to produce local talent is to change the way we teach digital skills, says the Dean of SMU’s Computing school.

SINGAPORE: After the announcement that buffet lines may resume - with the food to be served by staff members - some hotels are looking to boost manpower to meet COVID-19 guidelines as well as an expected increase in bookings.  From Apr 12, buffets lines are allowed at food and beverage outlets ......

But over the next few years, loose monetary and fiscal policies could trigger persistent inflationary pressure, says Nouriel Roubini.