Tencent Cloud launched three AI products at its Cloud Day event in Singapore and named local partners including Beyondsoft, Nexusguard and WeesWares.
MAS-Backed Future Of Finance Institute Begins Operations With Focus On AI
Singapore’s Future of Finance Institute, a public-private platform involving MAS, has started operations, with artificial intelligence in finance as its first area of work.
OCBC Q3 Net Profit Rises 3% To S$2.04 Billion, Raises 2026 Guidance
OCBC’s third-quarter net profit rose 3% year on year to S$2.04 billion, slightly ahead of analyst estimates, as record banking earnings offset weaker results at insurer Great Eastern.
Metasurface Technologies Debuts On SGX Catalist, Completing Singapore-Hong Kong Dual Listing
Singapore-headquartered precision engineering firm Metasurface Technologies Holdings began trading on SGX Catalist on Nov 4, closing its first session at S$0.56, up about 3.7% from its placement price.
Insurers Team Up On US$200 Million Data Centre Insurance Facility In Singapore
MSIG, Gallagher Re, SCOR, Samsung Re and the Cybersecurity Association Singapore are developing a Singapore-anchored data centre insurance facility with US$200 million in initial capacity.
DBS Q3 Net Profit Falls 5% To S$2.81 Billion As Trading Income Slumps
DBS Group’s third-quarter net profit fell 5% to S$2.81 billion, missing analyst estimates as markets trading income dropped 65%, though nine-month profit reached a record S$8.82 billion.
Cohere Sets Up Defence AI Accelerator In Singapore For Sovereign Customers
Canadian AI firm Cohere has set up a Defence AI Accelerator in Singapore to help defence and other sovereign customers move AI projects from pilots into secure operational use.
MAS Sets Aside S$30 Million To Help Insurers Build Infrastructure Investment Capabilities
MAS has launched a S$30 million grant and proposed lower capital charges for qualifying infrastructure and securitisation investments, as it seeks to channel more long-term insurance capital into these assets.
UOB Q3 Net Profit Of S$1.25 Billion Misses Forecasts Despite Record Fees
UOB’s third-quarter net profit came in at S$1.25 billion, below analyst estimates, as record fee income was offset by weaker trading gains and a narrower net interest margin.
Sheng Siong Q3 Net Profit Rises 1.8% To S$44.6 Million On New Stores
Supermarket chain Sheng Siong posted a 1.8% rise in third-quarter net profit to S$44.6 million, as revenue grew 6.2% on a larger store network.