Singapore banks are cautious about hiring due to economic uncertainty, prioritizing efficiency while evaluating workforce needs.
Banking and Finance
Singapore Tops Global Governance Index for Fourth Consecutive Year
Singapore tops the global governance index for four consecutive years, reflecting stability and effective policy that enhance investor confidence.
Singapore Banks Benefit from Safe-Haven Capital Flows
Singapore’s banking sector thrives on increased safe-haven capital flows as investors seek stability amid global geopolitical tensions.
Singapore Merchants Lose $1.2B Annually From Payment Failures
Singapore merchants lose $1.2 billion yearly due to payment failures, necessitating improvements in digital transaction systems for revenue recovery.
Singapore’s Ultra-Rich Population Set to Surge by 2031
Singapore’s ultra-high-net-worth population is projected to grow by 46% by 2031, driven by economic strength and wealth creation.
DBS, OCBC Face Weaker Q1 Profits
DBS and OCBC expect weaker Q1 profits amid NIM compression, offset by treasury sales growth and wealth management expansion.
Singapore Central Bank Expected to Hold Policy Steady
Singapore’s central bank is likely to maintain its current monetary policy amid rising economic growth risks and external uncertainties.
DBS secures licence to underwrite corporate bonds in China market
DBS has secured approval to underwrite corporate bonds in China’s interbank bond market.
OCBC tops Q4 earnings among Singapore banks, DBS still leads in dividend yield
OCBC’s fourth-quarter earnings outpaced its Singapore bank peers, while DBS continues to lead in dividend yield, appealing to income investors.
Beyond the Lion City: Why Tokyo is Next Stop for Singapore Fintechs
Singapore fintechs should expand into Japan to access larger markets, institutional capital, and foster sustainable growth despite current geopolitical uncertainties.