Financial Services
DBS, China-Singapore Suzhou Industrial Park Green Development partner to boost carbon credit trading
DBS China has entered into a memorandum of understanding with China-Singapore Suzhou Industrial Park Green Development Company (CSSGD) and Climate Impact X (CIX) to advance...
CIMB Singapore launches FX Online for SMEs
CIMB Singapore has introduced CIMB FX Online, a digital foreign exchange platform aimed at supporting small and medium-sized enterprises (SMEs) in Singapore with their cross-border...
Granite Asia appoints three new managing partners
Granite Asia has announced the appointment of three new managing partners, enhancing its leadership in equity and private credit. The appointments, effective from 1 September...
MoneyMax reports 76.4% rise in net profits
MoneyMax Financial Services Ltd has announced a remarkable 76.4% increase in net profits for the first half of 2025, ending 30 June. The surge in...
Mooreast achieves S$3.5m profit in H1 2025
Mooreast Holdings Ltd has reported a net profit of S$3.5 million in the first half of 2025, a remarkable turnaround from a net loss of...
Riverstone Holdings anticipates recovery in cleanroom segment
Riverstone Holdings, a Singapore-based rubber glove manufacturer, has reported a disappointing first half of 2025, with net profit falling short of expectations at 43% of...
DBS boosts live commerce for Singapore SMEs
DBS is pioneering efforts to support small and medium-sized enterprises (SMEs) and heartland merchants in Singapore by enhancing their capabilities in live commerce. The bank's...
DBS maintains ‘Hold’ on UOB amid asset quality concerns
DBS Group Research has maintained its "Hold" rating on United Overseas Bank (UOB), citing concerns over asset quality and revising the price target to SGD33.90...
Singapore banks face cautious outlook for 2025
Singapore's banking sector is adopting a cautious stance for the remainder of 2025, as revealed in CGS International's latest Q2 results briefing. DBS Group and...
UOB reports 3% rise in 1H25 operating profit
United Overseas Bank (UOB) has announced a 3% increase in its operating profit for the first half of 2025 (1H25), reaching S$4.0 billion, driven by...
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